Mario Draghi’s comments today have provided some important information that will help facilitate the timing of the Long Dollar, Long Bond, Short Stocks macro trade. It is apparent that the German’s are not on board for a European QE forever,…Continue Reading →
Anything above the 1920 price level, the 1920 to 1980 area on the S&P, is a premium place to buy inverse ETF’s like SPXU. Keep in mind this is a macro call based on a combination of fundamentals and chart…Continue Reading →
The tried and true Granville OBV indicator turned negative for the Dow Industrial on the close yesterday, the first down signal since April 28th 2014. Granted that it was only negative for a little over twenty days on that prior…Continue Reading →
Outside of the three big US markets, the Dow, S&P, and Nasdaq, we watch a lot of indicators that normally provide a feel for the market. Thing like commodities, world stocks like “GDOW” etc, usually help us to see what…Continue Reading →
Yesterday three levels of our five level technical signal envelope on stocks (S&P) turned bearish. This is our technical system mentioned in the September 17 post. Level I is a 24 hour day trade program that changes signals on average…Continue Reading →
For those of you who come directly into our Blog page, bypassing the Home page, you may want to refer to performance updates of our Macro Chart on the Home page posted today. On the days that changes are indicated…Continue Reading →
Since the beginning of the year the markets have seen a lot of cross currents. Stocks have dropped, rallied, and are essentially struggling in attempts to make and hold new highs. No doubt some of this attempt to make new…Continue Reading →
Our defensive posture has been working well since mid September and the first support level in stocks is coming in range. We want to maintain our short stock position for much more aggressive long-term objectives. As such, a short-term trade…Continue Reading →
The Eureka Macro Asset Index which we keep, had a Level 2 technical indicator turn down yesterday, its first since late June 2012. The Level 1 Technical indicator turned up in September 2009 and is still pointed higher. We use…Continue Reading →
Until the events of yesterday and today I held hope that the current portion of the 17.6 year long cycle (2000 to 2017) had seen its stock market low in 2009. That is no longer the case. As an investor…Continue Reading →