We really didn’t know how to title today’s report after the action we saw so we decided to just use Sheldon Cooper’s line when he tries to make a joke. And today was a joke. Just another example of the GRM as markets gapped up on supposed ECB money printing but reversed on volume when…
Yesterday I sarcastically tweeted : Every time market looks ready to break down, close your eyes, hold your nose and buy. NY fed will back you up. Well..after a decent amount of deteroration, the GRM is at work again with a sharp gap to the upside this morning. I will just leave it at that and…
This coming week, many of the big banks as well as other financials are reporting earnings. We bring this up because they are not acting well coming into the week. High volume down days and low volume bounces can be seen as support is being tested for some and breaking for others. For example, go…
Source: http://www.nytimes.com/2015/01/08/opinion/the-nypd-protests-an-officers-view.html?smid=nytcore-ipad-share&smprod=nytcore-ipad
Will have a full report on the ridiculous action this week…over the weekend. Great recovery! Nancy Pelosi wants to raise your gas taxes. This is expected from someone who has never seen a tax she didn’t like. But a few Republicans are chiming in also saying it is something to think about. What is the…
SOURCE: https://www.mediafire.com/download/yypqrzoyxaxcgym/150108.output.mp3
Fed minutes basically saying they’ll let us know. ECB about to do a trillion and last night we get Chicago Fed’s Evans quote: “”raising rates would be a catastrophe,” Futures immediately soared. 4% corrections now too much! As we write this, in 1 day and 45 minutes, the market is back to even for the…
Put/call numbers are spiking. Bearish talk showing up. Vix back near recent highs…and price down a little far a little fast. This can set up conditions for a bounce. After all, just about every time market looked in big trouble in the past couple of years, it just turned right back around. This time? Very…
Disclaimer: No matter what the market has done the past few years, central banks have stood at the ready with words of more easing or downright easing. As we watch markets get in trouble again, just think back to how bad October was. That was a topping process that turned into a top that turned…
For just today,this report is cooler than the other side of the pillow! Distribution is showing up. Major indices are reverting back to their reverting back to their respective 50 day moving averages. A break below should be reviewed as that would mean many underlying stocks are doing the same. We remain bearish on a…
