As all of you readers know, the QE2 experiment is to me an experiment that will not end up well. This weeks letter by John Mauldin features an “Outside the Box” column by Dr John Hussman titled “Charles Plosser and…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 nuclear crisis has everyone’s attention and the market until today has tried to ignore the situation. Our computer models on the S&P 500 remain 80 percent long coming into today’s action. This is probably to be expected because the models,…Continue Reading →
Yesterdays market action in stocks has set in place the first sell off since late last November. Until yesterday 90 percent of the computer direction signals have stayed bullish since the September 1 to 9th base based on the Fed’s…Continue Reading →
Yesterdays comments and trigger levels still apply. The Dow Jones Industrials, the easiest index for Wall Street to play with as it is only 30 stocks, is what will lead the moves today.
The stock market failed yesterday to move into bull mode again. If past patterns hold, today would be a big upside breakout. At this moment (6:45 AM CST) it does not appear that is the case. The Dow Jones Industrials…Continue Reading →
While all the markets, commodity and stock, have had their upward runs out of the September 2010 Fed Scare levels when Ben panicked, deflation remains as the macro factor. Employment is going to make modest gains this year and manufacturers…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 →
If you are perplexed about how the stock market can be so strong with so many people unemployed and states and municipalities in trouble and having to cut employment. Take a look at the real America, Walmart stock is 25…Continue Reading →