Chokehold by traders…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p88572661534&a=214966864 Seizing the opportunity to turn good news into bad news, traders jumped on the upwards price spike caused by the news that Spanish banks would get a 125 B…

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Bottom bottom who’s got a bottom?….

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p88572661534&a=214966864 Today's action looks like a broad market signal to us.  We lifted some hedges and committed a smidgen more capital to the market.  A 2.30% day in the SPX…

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The long view…

http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=1&mn=0&dy=0&id=p10598217450&a=268628380 We have often demonstrated that the long term view of the market is not expressed in daily bars.  In Sacred Chickens... we documented the power of weekly bars as…

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