With the rally to 1680 area on the S&P, decline to 128-22 on the December T-bond futures, and the decline to 1325 on gold, we have seen all of our position maximizing points hit. The completed long cycle positioning of…Continue Reading →
As the markets edge towards a decision point this month formidable names and issues are congregating on each side. Some like the expected new FED chair view the economy on the mend and markets to be on the verge of…Continue Reading →
Try thinking of the FED as a gun shop that farms out the manufacturing of its most crucial component, the trigger. At the moment a majority of market players believe that the FED is working on the trigger inhouse, i.e….Continue Reading →
Back on May 6th we spoke of the May – October top that we have seen twice previously in the past 20 years. Based on the S&P 500 which was 1615 then, we have since seen a high of 1710…Continue Reading →
The trading range in the S&P 500 which we have outlined numerous times before and where we expect most of the trades to occur during this topping process is 1587 to 1662. Outlier trades can broaden the range to 1555…Continue Reading →
Today’s employment report surprise has the potential to make things a lot different, think very different in a macro sense. 1) Interest rates could start moving sharply higher and bond prices decline, possibly ending the whole interest rate decline since…Continue Reading →
This is a late post today, 1:30 PM CDT. We didn’t feel there was a big need to say what was going to happen at the Fed meeting for a number of reasons: 1) Daffy Duck is still in charge of…Continue Reading →
While we do not have confirmations yet, just warnings on our Macro Stock market indicators, a close under 1539 on the S&P 500 will be a signal that a technical breakdown of the market is settling into place. At the…Continue Reading →
Just kidding, but in retrospect if I would have said on March 4th 2009 that my next post would be on March 4th 2013, I could have used my time more efficiently. The point is that we are talking long-term…Continue Reading →
What do these items have in common, they all were attempts at getting the feel good feeling back after the 72 year economic cycle topped in 2000. Granted they tried in their own ways and the I-Phone was surely the most…Continue Reading →