Today we are moving our long stock position from 5 percent to 50 percent. Probably all on the opening. First update at 9:00 AM CDT: Ok we got the buying done. Now we are in the “Pincher” trade, long stocks,…Continue Reading →
In the last six days we have seen daily volatility on the S&P 500 equal 23 percent of the yearly range. All of this is occurring in what we feel is a price distribution environment, a year when annual volatility…Continue Reading →
Congress and Obama have an opportunity here. No doubt there will be a lot of rhetoric, but will there be action that shows they heeded the wake-up call? Here are some thoughts that come to me. Other than the technical…Continue Reading →
As the short term price action declines off the years highs in stocks and commodities it seems important to me that one look at the price action so far this year as a big distribution area for a Macro top…Continue Reading →
The stock market is testing the important 1260 support level on the S&P. It appears that this support level will give way soon and the next support level is 1130, the area where the market had trouble before the Fed’s started…Continue Reading →
With yesterdays market action the Dow and the S&P 500 are under our flash crash warning signal. For the Dow that means the minor support level at 11, 360 and major support at 11,060 is in play over the next…Continue Reading →
Amazon, Apple, NetFlix, McDonalds, Dunkin Donuts, what do they have in common? Internet and cheap bad food that helps the populace deal with the stress of unemployment and political chaos. In terms of trend the stock and commodity markets basically…Continue Reading →
As the Republicans put the US on the line the financial ETF, XLF gives a verdict and it isn’t good. I have been wrong on Gold since getting out of longs around $ 1000 a couple of years ago after…Continue Reading →
The budget battle in Washington is really just the final collapse of the trickle down programs that were started thirty years ago. Two ironic factors have evolved out of this disaster; 1) the conservatives are pushing more of the same…Continue Reading →
We continue to watch the dollar / gold relationship for signs of dollar strength and the coming decline in gold. Probably the easiest way to do that is to watch the ratio between the gold ETF GLD, and the dollar…Continue Reading →