Archive for June, 2017

Don’t like the weather….?

Posted on Jun 30, 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 Mark Twain famously said, (of weather in San Francisco) If you don’t like the weather here wait a minute.  That is still true.  Weather is insanely variable in San Francisco.  Obviously, the same can be said of the market.  If you don’t like it wait a minute.  Bears attacked the market Tuesday.  Bulls counterattacked […]

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Another breakout. Don’t breakout the champagne…

Posted on Jun 20, 2017 by .

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In May prices broke out of a congestion formation.  But without a lot of enthusiasm — although building volume should support the bull case.  Now after a fifteen day  mutated rectangle prices have broken out again.  Given the general character of the market one is a less than enthused, but the message of the chart […]

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Shocking news…leopard change spots

Posted on Jun 04, 2017 by .

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Ever since they started selling index ETFs we have abandoned individual stocks like vehicles to hell — or jokeyless horses.  Since then we have avoided individual stocks like a recovering drunk  — none of that gambler stuff for us.  A portfolio of ETFs covering the essentials of the market is nothing but the answer to […]

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