For the first time since the March 6th low, the bulls on the stock market are on defense. All the way up to the recent 935 high on the S&P, the bears have been on defense, defending a position that…Continue Reading →
The market has backed off some from the recent highs but the biggest change has been the rotation out of quality stocks that the recovery will be based on (techs,greens, etc) and into crap like gold and commodities. This leaves…Continue Reading →
We get a lot of questions about why we don’t think inflation is staring us in the face, but the answer is simple, all the government loans and stimulus are a drop in the bucket compared to the value lost…Continue Reading →
In our evaluation the stock market has reached a valuation and chart objective. Fundamentally what we have been seeing is what may be termed a base building stage of the economy. The banks are getting solidified at a lower base…Continue Reading →
I wanted to wait for the markets to open today to see what the initial run would reach. So far this morning the S&P has run to 929.55, close enough to the 930 objective. Yesterday we finished neutralizing our portfolio,…Continue Reading →
The stock market rally off the 666 S&P lows is in our opinion primarily a reflection of the big players being out of position. The capital structure of this country is being rebalanced. On the otherhand as we said early…Continue Reading →
With our positions drastically peared we are looking for reasons to buy back our positions or sit tight. As subscribers to the Chartstore.com read this weekend, there are precedent’s for market formations like we have seen over the past 38…Continue Reading →
This morning we are dropping our leverage ratio further to 0.80 on the EMA ETF Fund and the Aggressive Portfolio and to 0.40 on the Conservative Portfolio. It is not that we see a big break coming here, it is…Continue Reading →
It is important that one keeps in mind that this rally is due to over pessimism and the big players being out of position. It still has a long way to go because today is the first day that they…Continue Reading →
Yesterday we outlined how the bubble bursting unfolded to date. The market is now churning within a consolidation base as it prepares to deal with the implementation of the various Obama initiatives. These implementations will kick off in the next…Continue Reading →