Archive for February, 2017

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

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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 your financial health) imagine the distress of the flying public caught  in midair or worse in Somalia.  Not to mention Syrian refugees who are now like the Jews on the MS Saint Louis on the voyage of the damned, forbidden by Trump to seek refuge here.

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