Newsletter

Pullback continues!

We came into yesterday thinking a pullback was at hand. At 10 am, we were not so sure. But the reversal and this morning’s open

Yuck!

Yesterday’s action showed markets are now in pullback mode. Recent highs could not be taken out with sellers now overtaking buyers.  The worst areas are

Another big tail day.

Beats the heck out of me what happens Wednesday but when : The nasdaq is down 70 early and finishes up 25… The dow is

A note on GOLD!

Except for two teases to the upside, we have been bearish on GOLD almost since the highs more than 3 years ago. We are still

More of the same…but!

More of the same. Commodity areas crushed. In fact, energy continues its crash. Yes…that is a slow moving crash. BUT…after the CENTRAL BANK-INDUCED climax low,

Weekend report!

For 5 years, we have been telling you the economy was just ok. We have been telling you we will go back and forth from

ECB puts the cherry on top!

Did you see the Dax yesterday…down 120 because the ECB made no noise about massive printing of money. After all, they have been teasing. But

Like a broken record!

Like a broken record, major indices remain stretched, extended and overbought while bullishness has become rampant. In fact, our sentiment numbers are almost surpassing the

Watch the big financials!

We are watching the big financials here. BAC,C,GS,JPM,MS,WFC are all acting constructively. If they can break out of the range-bound action they have been in,