Technical Analysis of Stock Trends

Google these apples.

Posted on Apr 22, 2010 by WHC Bassetti.

Well, Apple is still throwing off buy signals.  When we read in Marketwatch that analysts are predicting $1000 share price our first impulse is to sell short.  But Apple is truly a phenomenon.  And strange that we have never owned it.  We love the company, love the computers, love the iphone — and we have dozens of studies of the stock.

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Handicapping stocks. Or handicapped handicapping stocks. Vices thereof.

Posted on Apr 20, 2010 by WHC Bassetti.

We are constantly warning readers about the dangers of speculating in stocks.  That doesn’t mean we don’t do it, but we don’t encourage it.  A bad habit, and a vice which like all vices is fun but destructive.

Which brings up an interesting question  — if we Californians legalize marijuana in the November elections will it no longer be a vice?

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Volcano Eyjafjallajokull disprupts air traffic. Earthquake Goldman disrupts markets.

Posted on Apr 17, 2010 by WHC Bassetti.

The year in dog time.

The market in real time.

Our letter yesterday was not written with insider knowledge.  Unfortunately.  But it came true from one minute to the next.  Of course Goldman is the excuse.  But the reason is technical.  48 days without a downwave gets all the contrarians itchier than a garden of poison oak.  The jungle drums have been beating for a couple of weeks with the bears being pinched on their shorts, and growling for some meat.

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It couldn’t be better…Dow, C, BAC….ETC

Posted on Apr 15, 2010 by WHC Bassetti.

There is a famous story about J.P. Morgan (man, not bank) who went down to Pittsburgh to look at  his steel investments.  After touring the mills he asked the General Manager to sum up the situation.  Said GM, Couldn’t be better.  J.P. went back to his hotel and wrote a telegram to his broker in NY. “Sell all my steel.”

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Euro turbulence. FXE. Sturm clouds over Mt. Olympus

Posted on Apr 14, 2010 by WHC Bassetti.

March 30 we remarked that we were going sideways the euro as a trading decision while the system was still short.  We pointed out that we kept doing this (fading the system) and how any half witted systems trader would have made one trade of the euro trend.

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