Who you gonna believe? the press or your lying eyes…?

Posted on Aug 03, 2017 by .

0

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=6&dy=0&id=p81758643050&a=424811737

Here we have the classical case of 22000 talking heads trying to call the top, but if you look at the chart it screams bull market.  And not only that , but a new milestone: 22000.  Merrill Lynch is bullish on America.  So are we.

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

Continue Reading

Don’t like the weather….?

Posted on Jun 30, 2017 by .

0

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 Wednesday, and then Thursday the bears put on a serious raid.  All this and prices still within the relatively tight rectangle (or congestion zone).  Volatility  picked up noticeably  with ranges of 20.77, 23, and 37 points.  The market is nervous as a cat on a hot tin roof and this activity  didn’t help.

Continue Reading

Another breakout. Don’t breakout the champagne…

Posted on Jun 20, 2017 by .

0

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 is clear: buy and/or add to positions.  This case has additional evidence– note the larger than usual volume.

Continue Reading

Shocking news…leopard change spots

Posted on Jun 04, 2017 by .

0

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 a dream.  The ultimate in diversity and all those indexers are supporting the ETF.

Continue Reading

 Page 2 of 221 « 1  2  3  4  5 » ...  Last »