From a technical viewpoint the market on Friday moved out of the trading range and touched the initial resistance level at 1393 on the S&P. This sets up two things, an initial new range of 1360 to 1395 and the prospect…Continue Reading →
Active traders and longterm investors can look at current levels of 1329 on the S&P 500 as an area where a 33 to 50 percent long position in the market is worth trying. The 1330 to 1390 trading range is…Continue Reading →
Here is a little behind the scenes logic today with the factors we see as important. First, technical market action is crucial at market turning points. At the moment the level of 1393 on the S&P 500 is a…Continue Reading →
In the last two hours we have taken a net short position in the stock market. The Marketocracy tracking index for our four funds in total moved from 10 % net long to 59 % net short. The Hedge Fund Eureka Hedge…Continue Reading →
Based on the the employment report, look for the 1330 area on S&P to be important support today. If that area holds we will go back to 40 percent net long from the current 10 percent.  The dollar is important…Continue Reading →
This weeks stock market rally was probably mostly short covering. The CNBC talking heads say we are not out of the woods, more good news is needed. That is good, remember this bounce bottom is a contrarian event. All that…Continue Reading →
Reuters headline this morning, “can John McCain win in a recession?”  I didn’t look at their answer, because who knows. But for sure economic policies out of Washington’s executive branch are being assessed to try and help push oil prices under…Continue Reading →
The First quarter was brutal, the S&P 500 was down 10 percent and gold and the AG (grain) commodities were hot. Â At the same time the dollar and interest rates were under pressure as the credit crisis unfolded. The so-called…Continue Reading →
With the base established in the stock markets we are entering a more tricky phase. In spite of all that has happened this year, exuberent stock buyers are still everywhere. This means that short term technical indicators will get very…Continue Reading →
Yesterdays strong upmove pretty much makes the March 10 to March 17 period standout as a basing formation and the swingpoint of that base period, S&P 500 @ 1305 should be considered a significant support area. Until it is tested…Continue Reading →