S&P 2399–New high, new target

Posted on Nov 22, 2016 by .

0

1121spxb

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=488866143

The S&P has broken to new highs.  Contrarians lick their lips and start shorting.  Trend traders add to their positions.  Given the madness of the market and the national mood and the bizarre   political situation it’s not something we would say go all in for.  But for us it’s sufficient signal to scale in.  Stay hyper alert and be ready to jump — in or out.  As our method is completely flexible we never mind admitting an unsucessful trade and bailing out.

Continue Reading

Morgan Stanley compares Trump to Schrodinger’s cat…

Posted on Nov 16, 2016 by .

0

1115spx

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

Morgan Stanley has pointed out that no one knows anything about Trump’s policies.  And they have emphasized the condition by comparing Trump’s policies to Schrodinger’s cat.  “His policies exist in a state of being both pragmatic and radical at the same time”.   Schrodinger’s cat appeared in a thought experiment by Schrodinger used to point out the problems  with the Copenhagen interpretation of quantum mechanics, which created  the paradox of a cat who was both alive and dead.  Never mind.  Just accept it unless you are up for a Phd in physics.  As for the present market and Trump’s policies, astrology is probably a better tool.

Continue Reading

Blink and you missed it…

Posted on Nov 09, 2016 by .

0

screenshot-2016-11-09-13-48-44

(no link–sorry)

We have previously warned  that the election of the Trumpster would result in extreme volatility.  This in fact occurred — in the middle of the night in the futures market– 700 some odd down in the Dow and commensurate in the S&P.  As you can see the market just hesitated for a moment at the bottom and turned around and shot up like a scalded skunk.  By morning there was nothing  left of it –except a buy signal on significant volume.  Obviously we don’t know that we have the beginning of a trend here — but you have to bet that way.

Continue Reading

Market votes early… with an exclamation point!

Posted on Nov 07, 2016 by .

0

1107spx

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

A day like today can’t be ignored:  2.22% 46+ points in the S&P.  The media has interpreted this explosion as market relief that Hillary will win the election.  That, of course, was combined with oversold conditions and prices resting on the 200 day moving average and an unusual numbers days closing down.

Continue Reading

Bubble, bubble, toil and trouble…

Posted on Nov 07, 2016 by .

0

 

 

 

 

Every year at Thanksgiving and Christmas we make a donation to the local foodbank.  We suggest to our readers that they do the same.  Hunger is never attractive, but it is especially distressing at these seasons.

Here is a link to take you to the central foodbank:

https://secure.feedingamerica.org/site/Donation2?df_id=21340&21340.donation=form1&s_src=Y16YP3G3X&s_subsrc=c&s_keyword=food%20bank&gclid=CPPw3eznldACFY-GaQodnZQNjw

1106spx

Continue Reading

 Page 1 of 215  1  2  3  4  5 » ...  Last »