Gary: I am testing a way to for you to post articles for your subscribers, while simultaneously sending them the same message via email. If you get this email, it means that my test works because all I did was post this article to the site. Eddie P.S. It looks easy and you may be…
Greetings from Venice, Italy. Wow…quite the amazing place. In the past 2 weeks, my family and I have traveled to Barcelona, Naples, Rome, Florence and the Amalfi Coast. Having a blast. You must…you must…you must visit these great cities. Finishing the trip off in London before coming back home. Lots going on since I have…
A very strong and much better-than-expected PMI has the juices still flowing. All good news. Recent action should serve as a lesson as you never know what can come of a market putting in a low or putting in a high. Just to backtrack…last Friday, I wrote that major averages were on the cusp of…
I watch everything. I especially do a lot of intermarket work to tell me the driving forces behind market moves. One of the most important linchpins for the market has been the direction of copper prices. It has been an excellent gauge of what the market thinks and potentially on the economy. It has been a…
I am already being asked if this is THE low. Let’s hope. For now, I see it as a low in the short-term. Won’t go any further yet. Yesterday I told you the 200 day was providing support into the quarter-end window dressing period. As of this second, the support is now stronger. While major indices…
If I was to write to you earlier this morning, I would have told you that AGAIN, market needed to put in a goal line stand as many major indices were again sitting on the longer-term 200 day moving average as Friday was putrid. I would have told you that odds favored that eventually the break…
In my last short missive, I told you the market could bounce off of vital long term support. Well, the market had another one day gap to the upside off that support which has looked to have already failed. Major indices are now on the cusp of breaking the long term support this morning as the market is…
It is early but so far, today is the first time I have seen strong growth stock action in weeks…and it came right at an important juncture. As you know, I thought many weeks ago that the market was going to correct. So far, it has been nominal measured by the indices, almost 10%. The near-term good…
Before comments on the market, a few notes: Who are they trying to kid? GREECE will eventually default. Anything the rescuers are doing just puts off the inevitable. Forget opinion. Look at the numbers. As I have read and confirmed, at the end of 2010, the ECB’s equity capital was 10.8 billion Euros. Compare this number to the…
It should now be obvious to you why I have been more cautious over the past few weeks. During that time, I outlined for you why I thought the market was in trouble. The simple fact is that every characteristic that usually show up near tops in the market…showed up. I outlined every single one for you. When these…
