Next Step…………..with more thoughts
S&P 890 is a big level of resistance, if the market can clear it and hold, real buying will commence. 8:01 AM CST More Thoughts: 8:45 AM One thing to keep in mind here is that what we have seen…Continue Reading →
The Game Plan
Homework
Here is some reading material to provide input into alternatives for the economy and markets. We tend to look at alternatives in terms of how we think they would affect the markets short-term and long-term. In the next couple of…Continue Reading →
Bullish on Ideas
Yesterday was invested in reading the NY Times. This is a pivotal time and it seems that one needs to see where the population of the country is in terms of sentiment and ideas in order to navigate the investing…Continue Reading →
Beyond Panic, Some Perspective
As the market starts to settle in a bit it and the election is almost history it may be time to take a more macro technical look at the numbers and refresh the investment ladder that has setup after the…Continue Reading →
What do we really think ?
Sometimes a few basics need to be reviewed like: are we bullish or bearish? To us everything is in degrees and in macro economic/political terms. Technical indicators are used as crutches not deciders, as George Bush would say. Our leverage…Continue Reading →
A Bitter Pill
This week has been a bitter pill to take. In 2002 I decided to put together an investing/trading approach that would key on Political/Economic situations and have technical backup. That led to five years of being primarily long the Gold…Continue Reading →
Contrarian Test
This is a simple contrarian test, what are they saying on CNBC ? 1) buy here because the Fed and Treasury are pulling out all the stops and the market is oversold for this stage of the Macro Cycle; or 2) …Continue Reading →
Bailout…Inflationary or Deflationary
First, it is always important to decide whether you are an investor or trader or some combination of the two. We believe that very conservative investors, lets call them Level I conservative investors, should have been totally in cash or…Continue Reading →
The Rescue Rally, Technical Market Points
With the action of the last two days we are basing our big cycle actions on the following S&P pivot point, support level, and objectives. The pivot point is 1237, support is 1185, first objective is 1289, second objective is…Continue Reading →
Chasing an old Problem
The market tonight is focused on Lehman and Merrill, will they be bought out, will they go bankrupt, will they merge, my opinion, if you are looking at this old problem to decide how to invest, you are looking in…Continue Reading →