Yesterday the hotshots got the news that Government tax cut Financed stock buybacks by corporations will show up over the next few weeks. The Rebounds… This pushed the market back up to the 2689 S&P swing point late yesterday and…Continue Reading →
Archive for October 2018
Market Pause As the market players take a pause and try to establish a bottom in stocks the talk moves to why we have just seen a bit of a sell off. The Fed and interest rates are the easy…Continue Reading →
Yesterdays market action down through 2688 sets up a swing trade of the move from the February 9, 2018 low of 2532 and the recent high of 2939, a move of 407 points. Doubling that on the downside swing sets…Continue Reading →
Over the past two days the important 2688 line is being defended by the bulls, they may or may not be successful, the important thing is that when the market closes under that level, maybe not for two weeks, the…Continue Reading →
There is a lot going on at the moment, but it may or may not be a time to actually do something. The Fracture which started on January 26, 2018 seems to be closer, see chart below. Trump has brought…Continue Reading →
The S&P index quickly popped above the 2776 swing point of a wide trading consolidation area of 2688 to 2844. We are using the 2810 to 2844 top quartile of the range to establish or add to shorts.
Yesterday we got the confirmation for all that has happened over the past couple of weeks. Now a few days of flipping around the 2776 S&P Swing Point would seem in order.
Gong Day Today could be the day that the gong sounds. Stocks are losing to a whole bunch of things. Versus, gold, commodities, even high yield bonds, the market stinks. See one of these charts below, S&P is blue line….Continue Reading →
It will be much worse, this market will have to deal with the effects of the arrogance of Bernanke, Trump, McConnell, and Ryan before it finds stability. That will be take much more than a 33% decline. !987 was just…Continue Reading →
If you are a regular reader of our comments, you know what we believe are the main factors that were behind yesterdays market action. Two factors stand out, 1) Bernanke’s years of QE’s that created a cloud of artificiality in…Continue Reading →