Archive for February, 2017

Market moving at turtle speed (that’s ok. It’s moving in the right direction)

Posted on Feb 21, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 All we see are blue skies, smiling at me nothing but blue skies… etc etc…  We did some noodling with where stops should be.  On this chart they are not precisely located.  But we thought about short term (2199) and long term  (1871)  stops.  Everybody know that wide long term stops are the most […]

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Flags flying? Trump tweeting…

Posted on Feb 13, 2017 by .

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http://stockcharts.com/freecharts/pnf.php?c=%24SPX,PWTADANRBO[PA][D][F1!3!!!2!20] The PnF system is looking for a target of 2639 in the SPX.  This seems quite feasible to us, and is supported by the candle chart. http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 We may have a flag hee in the market — and a big one at that.  On a 194 point flagpole.  If it is a flag then […]

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Hurricane Trump blasts through market. Expected to overcloud market for years…

Posted on Feb 02, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 Hurricane Trump blew through the market creating a pronounced downdraft in prices — 20 someodd in the SPX and similar (a range of 158)  in the Dow.  There is no known defense for political fits like this.  While investors suffered paper losses (presumably temporary– spooking and selling based on such tantrums is bad for […]

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