Newsletter

Fed + end of year = rally time!

Leave no doubt, the end of the year combined with a Fed that will never ever ever raise rates…and we get juiced off support for

More yuck!

Less is better! Markets remain under distribution. Rallies are sold off on an intraday basis. The NDX was really weak on Monday. Breakouts have been

Here is another big bubble!

We have told you for quite a while that the biggest bubble in history is the bond market. Central banks have spent trillions to keep

Pullback continues!

We came into yesterday thinking a pullback was at hand. At 10 am, we were not so sure. But the reversal and this morning’s open

Yuck!

Yesterday’s action showed markets are now in pullback mode. Recent highs could not be taken out with sellers now overtaking buyers.  The worst areas are

Another big tail day.

Beats the heck out of me what happens Wednesday but when : The nasdaq is down 70 early and finishes up 25… The dow is

A note on GOLD!

Except for two teases to the upside, we have been bearish on GOLD almost since the highs more than 3 years ago. We are still

More of the same…but!

More of the same. Commodity areas crushed. In fact, energy continues its crash. Yes…that is a slow moving crash. BUT…after the CENTRAL BANK-INDUCED climax low,