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 →
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 →
The markets are giving off some conflicting signals at this juncture. This probably is good in that in the midst of confusion one can get an edge if a decisive position is taken. Risk is a big factor because if…Continue Reading →
Early action in the market today indicates that the blowback on earnings that started with GE may get more pronounced than we saw on Friday. Lower support levels on the S&P around 1300 look to be tested before the bounce…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 →
The first sign that the energy blowoff is being confirmed will be when we see a close below 592 on December Corn Futures and 105 on December Crude Oil Futures. In the meantime active traders can trade the ranges on the…Continue Reading →
While we concentrate on trading and investing in the stock market, at the moment the energy market has taken center stage. It is interesting that the crude oil and corn charts look much alike with both in blowoff stages. As…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 →
As we said in Fridays late comments, the tenor of the current rally is suspect in terms of its magnitude or longevity. Over the next few days we will be assessing new strategies, but the safe thing to do at…Continue Reading →