“TOPPING PROCESS LEADS TO BIG MARKET TOP” By Gary Kaltbaum-August 23,2015 @GaryKaltbaum garyk.com “The sea was angry that day, my friends, like an old man trying to send back soup in a deli!” George Costanza Well, it should be more than obvious why we have been urging you to pay attention to the ever narrowing…
Absent a complete 180 by the Fed in where Janet Yellen announces another round of QE (not out of the question), the classic topping process we have been writing to you about all year long looks to be now completing itself as whatever has been holding up the major indices finally have topped. Very simply, commodities…
For 3 years, we have been telling you both sarcastically and seriously, THE FED WILL NEVER RAISE RATES UNTIL THE MARKETS FORCE THEM TO. We have been utterly amazed how every month, pundits continue to predict otherwise. The latest nonsense has been September…September…September…the reading has been the Fed is ready…and now we get yesterday’s nonsense….
Markets remain range-bound. Continue to use last week’s lows as massively vital support. Go read Adam Shell’s article in today’s USA Today as many others are now talking about the nauseating trading range. A few thoughts: SEMIS continue to puke. This morning, will probably get a lift off of ADI…but cant help but wonder whether…
From the UK Telegraph! “World shipping has fallen into a deep slump over the late summer, dashing hopes of a quick recovery from the global trade recession earlier this year and heightening fears that the six-year economic expansion may be on its last legs. Freight rates for container shipping from Asia to Europe fell by…
SOURCE: http://www.msn.com/en-us/news/us/a-family-in-public-housing-makes-dollar498000-hud-wants-them-to-stay/ar-BBlOM1x?ocid=mailsignout
First, our short but concise thoughts: Wednesday was an important day as the market was once again defended at the important support levels we have outlined for you. Most levels were breached intraday but the boys recognized and stood firm. Use Wednesday as your major league support level going forward….and we mean major. A few…
We will have our award winning, over-the-top, in-depth report for you over the weekend. In a few short few words….even with the mid-week reversal, we are less than thrilled with the overall market but a few areas continue to emerge: Utilities coming up the right side off of lower rates, the same for Reits. On…
How do you spell Communist puke, crappy dictator, represser, destroyer, murderer, thief, plunderer assclown? SOURCE: http://news.yahoo.com/fidel-castro-us-owe-us-millions-133858731.html
5 words to describe the major indices: BEND BUT DOES NOT BREAK! Simple as that. Read carefully. The major indices had another chance to break badly (no meth jokes please) on Wednesday…AND DIDN’T! Not only that, major indices experienced what we call a massive reversal day indicating the big money defended the lows again. As…
