Oil prices are not and rarely are about supply/demand. Why do we say that, the latest example of a controlled market is that OPEC production cuts are not pushing oil prices higher because the producers don’t want them higher right…Continue Reading →
Too big to fail, those words are ringing over the news wires, maybe forced socialsim might be a better description. In any case this is the last of the rescues to eight years of windows and mirrors. From a time/price…Continue Reading →
When one looks at the sectors that led to yesterdays long capitulation the road leads to Hedge Fund liquidation. We say this because these Funds have been heavily into long commodiities and emerging markets (look at the similarity of the Charts…Continue Reading →
With the Republican Convention coming to a close tonight we are stepping into one of the most exciting times in terms of politics affecting investing. Both parties are placing young fighters on their tickets and this is going to have…Continue Reading →
After 12 to 14 months down , a bear attitude has finally engulfed the stock market.  For the first time in this whole period we have seen this attitude personified by aggressive selling on rallys and even CNBC has guests who say…Continue Reading →
Our analytic approach starts with a Macro swing pattern indicator and then moves through stages of fundamental, political, and technical sigals. For the stock market some long-term confirmation signals were activated yesterday at 1273 on the S&P. For us this indicates…Continue Reading →
In our opinion yesterdays market told a story and gave a signal. In the Main Site Bubble section which we wrote on January 22, 2008 we listed all the Bubbles with the caveat that the last two that would burst…Continue Reading →
 During the past few weeks we have held a modestly long stock / short commodity stance in the portfolio. This has worked well with a new performance high in the tracking portfolio being made on Friday. Now the difficult time…Continue Reading →
Yesterday’s comments remain in play. The Key swing points are 1266 on the S&P, 127 in Oil and 939 in Gold. The markets will gravitate towards them in the absence of new news. 8:09 AM CDT
This will be a bit of a wait and watch period in the market. Look for the 1248 area to hold the market on the downside. The major facets should continue this week, declining gold and oil and a stock…Continue Reading →