Chicken Little, meet CAPE

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 The musical score of this market is furnished by chickens clucking.  Incessantly.  The more the sky doesn't fall the more insistent the clucking becomes.  The P/E ratio is too…

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Holy Moly Batman. Market Rocket blasts off!

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 Imagine waking up and discovering you are 1.3% richer in one day before breakfast.  303 points in the Dow, 32 points in the SPX -- how much of this…

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

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…

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Flags flying? Trump tweeting…

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…

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

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…

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