Day 66 of the Top
The markets are coming to an inflection point. If one looks at one day, today for instance, all but one of these four indexes are above the 3/7 high. On the…Continue Reading →
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Watching out for Number 1
It is obvious that in an artificial market controlled by the Fed, like we have seen since September 2012, that the thing to do was invest in the big Corporations and big Private Equity firms as they take over a…Continue Reading →
More Clarity
The recent NYT article “Crisis Management Rethough” by Binyamin Applebaum sheds some more light on clear thinking, something that all the talk by Tim Geithner seems to avoid. See link here concerning a new book by Atif Mian and Amir…Continue Reading →
Market Top Formation is ready to be Completed
As of today we are 50 days into the top formation that started on March 7, kind of an unprecedented amount of time for a top. A trade under 1827 on the S&P would be that kind of signal, whenever…Continue Reading →
The Twitter Effect
The recent decline in Twitter and Amazon have some investors up in arms and explanations are flowing madly in the media. My take on this is that companies that are based on the come with revenue being the bottomline, not…Continue Reading →
Things Feel a Little Strange Here
Maybe it is because we are hooked to a data dependent FED and we just saw a good employment number with the unemployment rate at 6.3 %. All of those numbers fly in the face of the fact that things…Continue Reading →
Market wants to be Long for Yellen tomorrow
It needs no explanation !
The Tedious Yellen Bounce
The April 15th happy talk comments by the Fed chair would appear to have provided one last bounce in the top formation, but that all is about to become history. The markets and investors are loaded up, fat cat stocks…Continue Reading →
Flattening Yield Curve
The Flattening yield curve is an environment where the difference between long-term and short-term interest rates narrows. In a market based economy a narrowing curve usually indicates rising short-term interest rates and this tends to slow the economy. In a…Continue Reading →
Day 27, and a Full Moon
Back in my younger trader days, the full moon was something to always be mindful. In the current macro-world it is just a moment in the 27th day of the top formation, but could be one to remember.