Archive for December, 2017

Santa Claus rally? Bah humbug…

Posted on Dec 26, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=0&mn=6&dy=0&id=p58348629240 Hello Rudolph.  We’re in a bull markeet.  Look at that wave. Myth sellers were out busily selling the Santa Claus rally.  Why?  Because –because it always happens.  Maybe but what about what the chart says? http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=0&mn=6&dy=0&id=p47302812113 A month ago we warned that prices were going parabolic but then the steam was let off by […]

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Food bank time in a time of madness…

Posted on Dec 07, 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 If you can’t smell danger you’re not listening (or smelling).  Bitcoin goes to $15000, a crazy tax bill pokes its head up (like the monster from the black lagoon), Trump sets the mideast on fire…Name your poison. The last few days have improved the market with the little pause in the climb.  Round and […]

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Market going parabolic…

Posted on Dec 01, 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 Readers should be accutely aware that the market is going parabolic.  Where we were buying days ago, we now think the danger of a violent collapse is present.  In fact we put on a small hedge with SPXU (just a toe) and pruned some accounts (of UPRO).  We know of no parabolic markets which […]

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