“Counter-trend Rally Over?” By Gary Kaltbaum-9/18/2015 @GaryKaltbaum garyk.com Fox News Business Contributor We really didn’t want to write this morning but we are forced into it! We think there is a good chance that yesterday’s reversal and today’s open ends the bear market counter-trend rally and resumes the bear market. As we have told…
SOURCE: http://www.dailymail.co.uk/news/article-3239257/In-America-s-expensive-city-350K-buys-San-Francisco.html
So let’s get this straight. The economy is suppsedly fine but they cannot even raise rates from 0-1/4% to 1/4%? For the 1000th time, we repeat…this maniacal, easy money Fed…will never raise rates. They believe they are heroes by keeping rates at zero when the only thing they are doing is distorting markets. They have…
So tired talking Fed. Can’t wait to get past these morons. The only message…PAY ATTENTION TO THE MARKET AND LEADING STOCKS. There is more improvement with a few leading growth names setting up well with a couple actually moving out of range. Let’s hope it continues. Just realize there is massive overhead resistance coming…
Well…looks like someone leaked that the Fed will not raise and decided to front run…oh, that doesn’t happen…does it? Anyway, notwithstanding the Fed on Thursday, the “upper hand” by the buyers that we told you about off of Sept 8th’s action is gaining teeth and for the first time since the nausea, we saw some…
The bigger picture remain the same. Heading into the nauseating fed, all major indices trade below short and long term moving averages. Only about 10 percent of stocks remain in good shape. Every major area of the globe remain below short and longer term moving averages. We can count on one hand how many groups…
“BACK HOME” By Gary Kaltbaum garyk.com @GaryKaltbaum Fox News Business Contributor Except for the typhoon (massive flooding north of Tokyo), the 5.6 earthquake and dropping a 20 pound dumb bell on my foot (just 2 broken toes), Japan was fabulous. Great people, beautiful country and the best sushi we have ever had. Put it on…
SOURCE: http://www.nytimes.com/2015/09/10/us/politics/new-justice-dept-rules-aimed-at-prosecuting-corporate-executives.html?smprod=nytcore-ipad&smid=nytcore-ipad-share
Greetings from “typhoon Tokyo” where we are told the sun may come out tomorrow. The “buyers have the upper hand” mantra lasted all of 1 day and 10 minutes…and that is what defines bearish phases. Volume was heavier on Wednesday’s reversal to the downside than Tuesday’s strong day to the upside. Anemic and short-lived continues to be…
