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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Dow 20000. Major milestone on steroids…

Posted on Jan 25, 2017 by .

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0125spxpnf

http://stockcharts.com/freecharts/pnf.php?c=%24INDU,PWTADANRBO[PA][D][F1!3!!!2!20]

We wrote a letter a few days ago — don’t wory you didn’t see it becuse we didn’t send it.  The title may tell you why:  “If there’s nothing to say, don’t say it.”  In short market action was so boring that there was nothing to say, so after admitting this we just shelved the letter.  Which is replaced by some big news — the Dow cracked 20000 — and not only that, it did it in the shortest time period in history.  There may be something to worry about there — but more of that later.  Here is the chart of that:

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