The law of gravity in the market…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 The law of gravity in the market is a little counterintuitive.  It says that stocks rise over the long run.  Simple as that.  Dec 24  Jason Sweig wrote a…

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Merry (?) Xmas Market

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 A careful examination of the formation here will not show an understandable pattern of higher highs and higher lows -- or the opposite.  What it shows is the chaos…

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A lump of coal…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=2&mn=0&dy=0&id=p44892117966&a=432305978 Over recent weeks we have discussed  being completely hedged and of not undertaking any operations while prices were in the box (as above).  (And it's not a Xmas present…

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What’s really going on…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Thursday the bears hammered the market.  Friday the bulls hammered back.  In what looks like a major way.  Excitement about the Fed raising rates?  Be careful to watch this…

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