So the Prez is having a three day meeting on terrorism. But it has turned into nothing more than “why would they do such things?” We are sure we do not know of the meetings behind closed doors on what to do about the ever-growing Isis and their ever-growing list of death. We are somewhat…
2 Fridays ago, we told you we thought that bonds and the interest rate sensitive areas as well as gold and gold stocks should be avoided for now. We simply saw high volume drops from the highs or near the highs. Since, we have seen nothing but downside. At this juncture, bonds, utilities, reits and…
Full market report tonight but first Greece! We love Greece. We have visited a few times. Some of the most beautiful places on the globe can be found there. Santorini, Mykonos, Corfu are bucket list places to visit but there is a lot of crap going on there and it is all about the bucks….
Major indices have either edged above breakout levels or are about to from 11 week trading ranges. If successful and all evidence so far looks good, do not argue. Remember, if the S&P 500 breaks out, that represents 500 names. If the NASDAQ 100 breaks out, that represents 100 names and so on. As we…
What do you know? Sweden’s Riksbank is now delving into the negative interest rates world and also announcing their own printing of money to…you guessed it…buy bonds. The question is why would anyone buy their own bonds that have negative yields? Simple. They are following the template of Bernanke and the rest thinking it will…
Major averages are now on the verge of going topside. We never jump the gun but with yesterday’s action, we are getting closer. There is nothing bad about a move above the range…as long as the move holds. Aren’t we geniuses? The important part of yesterday’s action was the SEMIS. As you know, they are…
Just a short note this morning: Despite the 50-50 market. Despite the many areas that are not working. Despite not having a bear market since the big flood of 42. Despite nary a good correction…despite all of this, major indices continue to be range-bound. There is an old motto…if they can’t sell them off, they…
Support held Monday morning at the lower end of the trading range leading to another jack to the upper end of the trading range. The swiftness tells you how paper thin the trading is…both ways. But we think the market hit a near term high at resistance on Friday…which probably leads to some more pulling…
Over the weekend, we told you the market was at important support and that a goal-line stand was needed. Holy crap Batman! Not only was it a goal-line stand, but the reversal Monday has led to a major league ramp back to the mid to upper levels of the trading range. This is the same…
Yesterday’s promising day ended not so promising as news out of Greece…yes Greece…sent the market sliding into the close. But have no fear, Greece will get everything they want. On top of this, China just eased again overnight to the tune of $100 billion. Am I reading that right? The lower end of the range…
