Newsletter

The changing of the guard we have been writing about made itself felt even more yesterday. For almost a year, it was easy to tell you to avoid foreign markets, value, commodities, transports, small caps, mid caps and oils. They are now coming on like gangbusters. A ton of stuff that have been sitting at…

Our main thought on 9/11 is not only to never forget but know there are others that would do the same. It tells you how fantastic our security apparatus is. What you have just seen in the past 2-3 days is the largest 2-3 days reallocation from momentum to value we have seen in ages….

The nascent topping of SOFTWARE turned into a route yesterday as the big money dumped the heck out of the group.  A bunch of names down $5-25 as the air came out. Take a listen to yesterday’s radio show for the explanation on why. The short version…in late stages of a bull move, the big…

Futures are up. What else is new? We are heading into massive easing by the ECB and more easing here. Do not worry about anything else. (sarcasm) But the most important part of the equation is that the big 4 are now above the 50 day. The SOX is above the 50 day. We promise…

Market strong yesterday on better than expected numbers. Market gets worse than expected numbers this morning. Still up a wee bit. Let’s see how this finishes but get the hint. On Wednesday, Bullard (Powell’s mouth piece) called for 1/2 point cut. We shall leave it at that as the big 4 back above the 50…