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Is the Apple Bounce Over ?
Is the Apple bounce over? See chart here with a comparison of the Apple stock price to the XLK Technology Index ETF. What we see is the potential of a head and shoulders relationship in comparison to technology stocks. …Continue Reading →
Worth a Read
This article about Ray Dalio is worth a look. I agree with most of his cycle work and the 2018 date he throws out is not far off the 2017 date that I use as a benchmark. http://dealbook.nytimes.com/2013/10/21/economic-theory-via-youtube-and-cartoon/?smid=pl-share
Nasdaq Bubble # 2
Does today look like something that you have seen before, like in 1999-2000. Goggle, Amazon, and Netflix, the star children of Bubble # 2, and even Apple, the star child of Nasdaq Bubble # 1.9, have market action that makes…Continue Reading →
Gold now Back in Focus
One of the Macro indicators that we follow is the gold-stocks relationship. With deflation seeming to appear to be the main factor the Fed is fighting gold would not seem to be a market to pay much attention. However, going back to…Continue Reading →
Granville OBV Technical Indicator
I have always found the Granville Onbalance Volume indicator a reliable piece of information to follow during periods when volume is at odds with direction. What we have been seeing since late July is that upside volume has been more…Continue Reading →
What’s Bullish about an End to the Crisis in Washington?
It escapes me why the inevitable end to the standoff is bullish or bearish. It would seem that the discussion will go back to the consumer and the fact that what ever the Washington deal, the long term trend is…Continue Reading →
Interesting
A late post on Reuters yesterday: http://blogs.reuters.com/great-debate/2013/10/10/the-budget-is-its-own-debt-ceiling/
A Second Chance
The current effort to kick the can down the road for a few months is offering those who did not take action in the Septemeber 12th to September 18th topping period, when the S&P traded between 1682 and 1729, a…Continue Reading →
Janet Yellen…Continuity ??
With todays announcement of Janet Yellen as the new FED Chair nominee we are hearing the media talk about continuity, more of the same. Is that true? Maybe one thing to think about is her willingness to follow Ben’s inclination…Continue Reading →