The market remains in trouble…and in spite of oversold conditions, continues to get rocked. A few more things sticking out for me: The Transports are in imploding mode. Not good. The German DAX continues to implode…not to mention other European markets. The DAX has been a pretty decent leader of moves. Some stronger retail names…
I just watched the President come out and state Washington was on the verge of $1 trillion in spending cuts over 10 years. I also heard him say it was the lowest level of spending since Eisenhower. I also heard him say things got done because of Americans whose voices Washington heard. HAHAHAHAHAHAHAH! Let me…
I will have a bigger report covering the con artists as well as the market on Monday but wanted to send this short note out to you today. Major averages are now back at longer-term support…where they held nicely the last time. Remember, support is just that…a place where the big money crowd stand up…
This past weekend, I received no less than a couple of dozen emails asking me just about the same question. Should I sell everything in case no deal gets done? Frankly, I don’t blame them for asking. After watching the mainstream media trying to scare the crap out of everyone over the weekend with Armageddon talk, one would have…
The “another life preserver for Greece” has markets feeling it. The EURO is strong which means the DOLLAR is smoked. This has markets juiced as the weak dollar/strong markets correlation continues. Overall, major indices remain in the same multi-month trading range I have been talking about but now, technically, the major averages have a chance…
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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…
