Archive for May, 2016

The magazine cover jinx…

Posted on May 31, 2016 by .

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Clever observers have noticed a strange phenomenon:  Whenever the  magazine covers start trumpeting a bull market the market crashes — or vice versa.  This works for Sports Illustrated, and even sometimes in the stock market.  But basing investent decisions on such ephemera is a chancy procedure.  Nonetheless the punditry and the chattering class has had a field day with the most recent Barron’s’ cover whose headline says: THE STOCK MARKET WON’T CRASH –YET.

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A moment of clarity?…

Posted on May 25, 2016 by .

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0524spx

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

What might be an A_B_C or an alpha-beta wave is throwing off buy signals.  Here in the SPX the pattern is not as clean or striking as in other issues, but after listless sideways drifting today looks like at least a small explosion and the buying signals should not be ignored.

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Jim Cramer doesn’t beat the market….

Posted on May 16, 2016 by .

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0515spx

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p52620829748&a=459175088

Our title is taken from a Marketwatch story.  No “snark” — no “schadenfreude” —  just plain old facts. In fact we have never seen one episode of Cramer.  Not one.  On the other hand, just from what we have casually read, we know his entire schtick — and not just his performance act, his investment philosophy and trading methods also.

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CORRECTION.

Posted on May 05, 2016 by .

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Our recent letter summarizing analyses made since mar09 had problems.  Due to software problems the version of that letter that was emailed was defective.  Those defects have been corrected, but once again, due to software, the corrected version could not be emailed.  Readers who are interested in the history will find the correct version on the website. http://www.edwards-magee.com/?p=5843

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