A few hours and the short-term becomes less muddy. You know from our background statments and blogs that we think oil is heavily influenced by politics. For a lot of reasons, some chart points, and just the general high levels,…Continue Reading →
The long term driving force of stock values, The P/E ratio will be cut in half from current levels before the long-term cycle completes itself. We promised a more complete historical look at P/E ratios back in January and will…Continue Reading →
This is from Wikopedia: The great depression describes the period from roughly 1930 to 1941 when economic activity in America was categorized by unemployment, dropping prices, bank failures, and generally poor economic performance. The cause of the great depression has…Continue Reading →
The overnight down action puts into question the 1437 sell sweetspot in the S&P 500. There is no question that we have been in a topping zone this week, but we would allow this day to play out before making…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.
This morning we got a little over 90 percent of the expected rally. You can sell here or possibly wait for all of it early next week. We expect from next Wednesday forward the market will be under pressure.
In answer to a question about yeserday’s comments, (what was meant by a 3 day to 3 month event), we were referring to how long the market will take to put in a top in this area under and around 1435. These…Continue Reading →
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 →
Yesterdays Microsoft numbers are probably a good indication of where the consumer market is for the moment. Until earnings season and the Fed meeting is over this will keep a cloud over the market. Yesterday was the fourth failed attempt…Continue Reading →
The market will continue to digest last weeks rally. Basis the S&P 500, first support is at 1367 and solid support at 1347. Traders can continue to play the game for the rally to 1435.  Longterm investors should take a look…Continue Reading →