This week marks 6 years under the belt for this blog, 6 years backed up by 44 years of pushing and pulling the market string. What have we learned, maybe in first place, that governments are powerful, for us starting…Continue Reading →
We believe that the market continues its topping process for the S&P Index. Yesterdays rebound and todays gap higher and new all time highs sets up even more powerful scenarios. We look for a couple of days trading within todays…Continue Reading →
Todays market took out the highs and lows of Thursday and Friday and would appear to be setting up for a lower close. Result, a classic outside day, with a lower close at a pivot point. At this point this…Continue Reading →
For the S&P index the past two days have been setup days in its chart pattern. Wednesday was an inside day, the high was lower than the high for Tuesday and the low was higher than the low for Tuesday, and the high…Continue Reading →
That in essence is what Ben said about how the Fed handled the 2007 to 2009 economic crash. In a short term thinking world he might be right, but I would venture that the big picture is still out of…Continue Reading →
Last Thursday, a Level 1 techncial sell signal was triggered. This year all the Level 1 sell signals have been managed away by the FED and it may happen again this week. The Taper discussion really is not the issue for…Continue Reading →
(Reuters) – The message is sinking in – economies of the rich world face super-easy money far into the future and central banks are now convinced it’s the least of all policy evils. Despite rumblings of dissent about the financial…Continue Reading →
Reuters new web product, Counterparties, may be the best news source on econmics and markets. http://counterparties.com/ My pick of todays posts at counterparties is: http://www.newyorker.com/online/blogs/johncassidy/2013/11/inequality-and-growth-what-do-we-know.html
With the Fed being the story, an unchanging story, on what are market participants going to base their get-out of stocks signals? This is going to get more interesting.
Over the past year we have mentioned a plan to offer some type of subscription service for our programs. Yesterday this goal was enabled as one of our technical trading programs was offered by Striker Securities. This program is what…Continue Reading →