The Market is Coiled for a Breakout, and the VIX is Silent
Breakout is setup in Stocks Direction is going to be either sharply higher or sharply lower, maybe today…. We think lower, but in this day and age…???
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Dow Jones Update, Ironic, Hope is Trump’s governing word, not Obama’s
As the scenario that started in January 2018 continues to unfold, Hope on the part of Trump believers has been the dominant word on the economic front. That hope is dominated by stock market positions fueled by stock buybacks. To…Continue Reading →
Fracture Chart Breaking Out, Dow Jones about to Crash ?
Today, twenty months in the making.
2940 was Close Enough
Yesterday’s rally to 2940 on the S&P was close enough to the 2954 resistance area to say that was all of the bounce from this weeks sell-off that we will see. That was a quick end to the trading bounce….Continue Reading →
The Cruel Hoax pushed out on April 8, 2019
On that day the game makers in Washington convinced the world that they had everything figured out. The market did make a new high in the following days by a percent or so, but now the chickens are coming home…Continue Reading →
Two Charts Provide a Picture
Following up on Themes The Economic Fracture The little hiccup in the market yesterday occurred at an important level and is the first indication of a change in the bounce since 12/24/18, other than a brief change on 1/29/19. The…Continue Reading →
Make or Break Week, was it just a Dead Cat Bounce
The Verdict The verdict is still out on the stock market rally since Christmas Eve 2018. It has been impressive, but what does it say about the next 18 months. Prognosticators out in Force It seems that many want to…Continue Reading →
Who will be left holding the Bag
As tariff and corporate tax turmoil put a shadow over the world economy and hope and hype still rein over everything, it will be interesting to see which country or group of corporations will take the hit. Will it be…Continue Reading →
Mauldins View
As long term readers know, we only mention a few information sources that we follow. One is John Mauldin’s letter, here is the one from last Saturday. It echo’s much of my take on things currently. John Mauldin 4/6/2019…Continue Reading →
D-Day Approaching
Big Picture Doesn’t matter what Powell does or says this week. The issues driving the economy are Bernanke’s QE’s and Trump’s tax cuts. Old news and unproductive for Real Growth. We monitor the deflationary scorecard. Cross trends for stocks, commodities,…Continue Reading →