Day 30 of the Top Formation
Here we are, day 30 after the presumed top on March 7, 2014, the market is hanging in there but has not been able to make broad new highs. From those highs of March 5-7, as of 8:45 AM CDT…Continue Reading →
Big Picture
First Quarter Earnings and GDP
will tell the story of the risk profile of the market in the coming weeks. For me the market is treading into quicksand. Today we are entering day 21 of the 20 to 30 day topping formation that we have…Continue Reading →
This Market is not in a Bubble
It is a house of mirrors. In fact there are so many mirrors that virtually no one knows what a real market looks like. What artificiality has created leaves investors little basis for a reality check. The double top in…Continue Reading →
The Bear Market, How Will You Handle It ?
We are only 7 days out from the top that was made on March 7. Most first stage tops are characterized by 8 to 10 percent declines over 20 to 30 days. What one does during that period is not…Continue Reading →
Something is going to Give
Yesterday the price pattern analysis for the Russell 2000 stock index joined the other stock indexes in full bullish mode. On the other hand our S&P 500 computer system is in full bearish mode. Granted the computer model is much…Continue Reading →
Cross Currents Continue
For those of you who come directly into our Blog page, bypassing the Home page, you may want to refer to performance updates of our Macro Chart on the Home page posted today. On the days that changes are indicated…Continue Reading →
Inequality Explored
An interesting academic study that digs into the whole inequality issue can be reached here: It’s “Inequality, the Great Recession, and Slow Recovery,” by Barry Z. Cynamon and Steven M. Fazzari. http://pages.wustl.edu/files/pages/imce/fazz/cyn-fazz_consinequ_130113.pdf
Overlaying the Little Picture
When we started this blog a little over six years ago we outlined the Macro Picture and then overlayed a short term trading posture in the daily posts. After the success in handling the 2008-2009 crash and following bounce through October…Continue Reading →
We are $ 4 Trillion Special
We are in a global world. Something like 50 percent of S&P 500 earnings are offshore. The US has been managed by a FED that has focused on throwing a lot of funny money at domestestic entities, and we have…Continue Reading →
2014, The Year of Uncertainties
As the new year opens a feeling of optimism seems to encompass the markets. Corporate CEO’s, Financial analysts, and the overall consumer would appear to be feeling very good and in general see 2014 as a positive year, although probably…Continue Reading →