California burns and market catches fire…

Posted on Oct 29, 2019 by .

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http://schrts.co/EybBcpGe

The prospect of being turned into a crispy critter takes priority over the market as California experiences climate roasting.  If the fire doesn’t get you the disappearance of electricity should finish you off.  But don’t worry about it.  Global warming is clearly a hoax made up by the Chinese as our Trump keeps saying.

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Greased pig markets…

Posted on Oct 16, 2019 by .

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http://schrts.co/jFFjRMBr

Every athlete has experienced the nightmare match–before you can get your sweatbands on your opponent has run the score on you and is already up one or two games in a three of five match.  And worse your game is snake-bit.  Nothing works.  And there is no way to stop the damage.  It just gets worse and worse until you are shaking hands to congratulate  your opponent and you wish you hadn’t got out of bed.

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Downside gap and runaway prices cause us to flatten our accounts…

Posted on Oct 02, 2019 by .

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http://tos.mx/mgWPUR

The downside gap and 500 Dow point fall cause us to virtually flatten our positions, and go to the bleachers.  While you can almost never predict what will happen next, you can say that the present is so unpleasant that you change your posture to sitting on the sidelines and waiting patiently for a reentry point.  And of course there will be  one.

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Prices teeter on edge of support….

Posted on Oct 01, 2019 by .

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http://tos.mx/mgWPUR

The rectangle that formed in August offered an obvious interpretation (uncertainty and contest) — and the breakout in early September appeared a clear buying invitation. Now the breakout wave has turned down and prices are right on the edge of support.  Extensive penetration here would cancel the signal created by the breakout.  Remember the first rule of trends– that the present trend tends to continue.

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Price breaks out…

Posted on Sep 05, 2019 by .

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http://schrts.co/fuyjKHJs

The SPX jumped 23 points in a powerful exit from the long standing rectangle. (22 trading days).  Conservative investors may wait for confirmation — that would be a new high.  More aggressive traders  will buy  the breakout.   The trade may be evaluated — or criticized — as being a knee-jerk reaction to news.  Excessive volatility will continue.

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