Using what we call our composite index of stock indexes, ETF’s and commodities, three days stand out to us as days to measure the current market against. Those days are September 1, 2010 when intention of QE2 was announced, January…Continue Reading →
Four factors/groups have kept the dollar under pressure on this last leg down: 1) The Fed’s easy money QE2 program; European austerity moves; the Gold Bulls; and lastly the yen fling to which the Bank of Japan put a quick…Continue Reading →
As I mentioned yesterday, the dollar index is getting close to the first buy area of 75.14. Obviously trends are pointed lower, so this is a contrarian trade that has some risk. What does this mean to other markets. To…Continue Reading →
The stock markets are pushing higher this morning as optimism creeps back into the picture. As the market moves into the top half of it big trading range, 1251 to 1298 on the S&P it will be telling in terms…Continue Reading →
The stock market basis the S&P 500 is back to working the trading ranges, the tight range is 1251 to 1275 and the wide range is 1251 to 1298. The computer models mirror the market in that 70 percent of…Continue Reading →
As more and more people come to realize that the stock market value, commodity prices, and GDP are primarily a function these days of Fed easy money to the big guys, a better indiator of the true health of the…Continue Reading →
We continue to look for 2011 to be primarily a sideways trading year. Although the commodity highs for the year got a little extended, the main point is, if you bought something to date in 2011, chances are the end…Continue Reading →
We are witnessing a possible setup to a situation where many technical sell signals have the potential of all occurring within one day. In my opinion in looking at technical indicators that all hit on the same day in May…Continue Reading →
It looks like too many speculators tried to front run the pension funds yesterday.
Today the stock markets completed their bounce off last weeks lows, no doubt mainly to get speculators in position for the next two days when the pension and 401K advisers make their monthly buys for their clients. Somewhere I have…Continue Reading →