Investors hate bears. In the classic book, “THE BEAR BOOK” written by John Rothchild in 1998, his number one rule is not to tell anyone you think the market is too expensive, keep your thoughts to yourself. In reality, investors…Continue Reading →
The market continues to work around in this area topping area. Be patient if you are a trader, just work some swing trades within the range. Longterm investors should be at minimum long position for their particular ladder.
80 percent of the rally from the January lows is behind us. As the CNBC gate opens at 1400 on the S&P, a brick wall is waiting at 1435. This is the most imporatant decision making juncture this year. It…Continue Reading →
Through last Friday, here are the returns for the Eureka Value Fund, “EVF”  our main fund that tracks our market trades at Marketocracy.com. Over the past five years the fund has had positions as varied as long gold, long gold…Continue Reading →
Here is a little behind the scenes logic today with the factors we see as important. First, technical market action is crucial at market turning points. At the moment the level of 1393 on the S&P 500 is a…Continue Reading →
In the last two hours we have taken a net short position in the stock market. The Marketocracy tracking index for our four funds in total moved from 10 % net long to 59 % net short. The Hedge Fund Eureka Hedge…Continue Reading →
Based on the the employment report, look for the 1330 area on S&P to be important support today. If that area holds we will go back to 40 percent net long from the current 10 percent.  The dollar is important…Continue Reading →
The 6.5 percent rally from last weeks support area runs out the easy money for the quarter, from here there will have to be some real work.  We have just cut our long position to 10 percent at 1365 on…Continue Reading →
The First quarter was brutal, the S&P 500 was down 10 percent and gold and the AG (grain) commodities were hot. Â At the same time the dollar and interest rates were under pressure as the credit crisis unfolded. The so-called…Continue Reading →
The end of quarter dressup of mutual and pension funds should be completed now. The trading positions we liquidated at 1357 on the S&P earlier in the week are being reinstated as we go back to a 20 percent net…Continue Reading →