Text Book Bounce
The bounce in the S&P over the past few days ended at the text book level, 1920, outlined last week. You know what to do. Tomorrow we will feature a chart and analysis put out by the go to place…Continue Reading →
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Correction or Top Confirmation
The market comments after the close yesterday seemed to be of two types, the most prevalent one was that this was a correction that has a little more to go before you buy with both hands and a few comments…Continue Reading →
Finally, the Truth is Spoken
This is a late in the day post, 2:30 PM CDT. Mario Draghi has finally said what Bernanke should have said in 2011, and Yellen should have said at her confirmation. Draghi said, “we cannot do it all, the governments…Continue Reading →
My Letter to the DCCC Today
I have been plastered with money requests from all kinds of Democrats in the past month. The overall approach seems to be you want me to feel bad if I don’t give you money every day. In fact the email…Continue Reading →
The Perfect Ending
The little trading box built between August 25th and September 8th on the S&P, prices of 1990 to 2011, has set up a bit of commotion, with the 1990 low being taken out by 11 points down to 1979 since….Continue Reading →
Stock Market Returns, Catching it All
This blog post will be a little long and eventually will probably be moved to the front page of our website. It contains our essential view of what has happened over the past 14 years and the probabilities moving forward…Continue Reading →
Cramer Hot Tech Index
One of the newest inhouse indexes that I watch is what I call, for the lack of anything better, the CNBC Cramer Hot Tech Index. It is made up of 5 stocks TWTR, NFLX, GPRO, TSLA, and FB. I watch this…Continue Reading →
A Certain View in the Face of High Uncertainty
To me it is amzing to see stock market investors be totally certain of higher markets, the percentage of bears is currently at extremely low levels according to reports, and yet I don’t think I have seen more uncertainty in years….Continue Reading →
Is a Currency War Looming
The US Dollar versus Japan and Europe is rising to a point where things could start to have real market consequences. See seekingalpha link from 18 months ago on currency effects: http://seekingalpha.com/article/1224021-the-rising-u-s-dollar-what-it-means-to-the-economy-and-to-investors In the meantime, I am back from vacation and we have…Continue Reading →
Warning Signs Building, but…
No meltdown yet. I have extended my vacation through the end of the month as I still see the turn down more in the late September,early October period, in any case my macro positions are prepared for whenever it occurs….Continue Reading →