Cut and Dice
With the macro warning signals in stocks being set off last Friday the stock market now is a good candidate for short term traders going both ways. What this means is that the macro bull signal from the October lows…Continue Reading →
The Game Plan
Game Changer or Not
The G-8 meeting has the potential for being a road-map changer. The biggest obstacle is now the German people, not their leader. Europeans will meet in the next few days to put a captstone on the changes. As such we…Continue Reading →
The Macro’s have held so far
For me it is not a question of whether these current support levels in stocks and gold give way. The question is when, next week, next month, or next year. In the meantime the markets may bounce. That is the…Continue Reading →
Fate Steps in and Changes Equation
Jamie Dimon and Chancellor Merkle got a slap in the face the last few days. One was the face of de-regulation and one was the face of European austerity. This changes things in a significant way. The Administration is finally…Continue Reading →
Important Decision Point
For me the period since February 3, 2012 has been a bit perplexing. In January we sold out our long stock positions in the S&P 1290 area and started getting short and kept shorting all the way through the top…Continue Reading →
S&P 500, Gold, and Oil ……………..UPDATE Change AT 1:15 PM CDT
Yesterday I mentioned that the highs are in for the year. I don’t think we are headed for a major Bear Market now, that will come after the election if the populace votes for it. In the meantime, we are…Continue Reading →
Calling Tops
If one is so inclined into calling major tops and bottoms in the markets it will become quickly apparent that with some practice, calling bottoms is much easier than calling tops. In recent times the March 2009 and October 2010…Continue Reading →
Roll over Action
The CNBC market pundit crew, which has a big impact on short term trading, remains bullish on the stock market as they focus on the micro corporate profit picture. The area to watch for in terms of market action is…Continue Reading →
Beyond Anticipation
Last October we were buyers of the stock market at 1070 on the S&P, in January we sold out stocks at 1290 on the S&P, a 220 point gain. The S&P went another 130 points higher to 1420. We are…Continue Reading →
A New Market Environment
This week has been one in which some significant changes in the market and economic environment have become more visible. Short term interest rates broke out to the upside on Monday and while the Fed will try to keep them very low…Continue Reading →