Well fellow traders I hope that you are enjoying some down time with your families and friends. It is the time of year where we seem to value friendship and relations the most although I encourage you to practice this ideology all through the year.…
Well Oil continues to defy the pundits and energy market guru's by continuing to make newer lows in the new price range that has been established. You can see the major volume area on the below chart which took about a couple of years to form. …
Bubble mania is nothing new. Bubbles in assets have existed for thousands of years or as long as the markets have existed in one form or another. They have always worked the same way and today is no different other than markets get a lot of help to…
To me this is a perfect time for Bonds to Rally strongly when sentiment is this negative on how the Fed is going to proceed. You can see that my call last week for the stock markets to rally back came to fruition. As I mentioned to you it is still …
Well I told you that this was a good area to take a position for a long. As it turns out it is making a struggle to go higher. This is anything but new trend. There is no indication that this is the turning point at all. Especially in the longer te…
So what really is going on here?
Should we believe the talking heads that we are emerging from the old financial crisis to a new more powerful and destructive one?
Should you be running for cover at the moment?
These are all good questio…
While nothing is really decided in the markets as for what the talking heads think I believe that we are due for some nice rallies in the indexes this week. Might be a time to look at all US stock indexes for a chance to play a nice rise. As Novemb…
A lot of day traders and guru's would have you believe that it is easy to spot a top or bottom. The true answer to this is of course, "no one really knows". If you understand how liquidity is provided then you know that it is the peop…
While the markets remain bound in a sideways range (which I see for the forseeable future) you may be wondering where they are headed next. I think I may have found a little tid bit for you in the DOW.
You can see from the chart below which …
As the dirty energy (in more ways than one) touched the 62 mark today I began to see what I tend to look for when I call a position.
What is that?
I think you know by now. The talking heads all collaborating on how low oil is likely to go along…
With the recent gunning down of more innocents in the Synagogue in Pittsburgh we need to look at the climate of what is transpiring south of the border.
Trump is right in his statement that "gun control has nothing to do with the shooting…
As you know I use mostly technicals to tell me what the status of the market is doing. I do this because if you listen to the talking heads every day you would be buying and selling every day. Ever listen to Gartman?
I cannot imagine that the…
Well it rarely happens this way but what a nice collapse in oil. Things never usually move strait in your direction and when they do it is always a bonus. Never the rule. Swing trading is a game of more losses than winner. Generally it is just how …
This week should see the back and forth sideways motions that we saw in the markets for the past week or so. Nothing too deep and nothing to high. If you are playing your positioning you might want to look for more correction in the stock indexes b…
Well if you jumped in on my call back when I told you to short around the 76-77 area you are doing alright at the moment. Up about 7 dollars as I write. This is possibly headed to 65 or slightly lower as it touched 69 today. If I were you at this p…
When ever you have a normal market correction (which we just had and are having) you hear the same old Peter Schiff crap that starts to resonate from all the market experts who of course over the past ten years haven't been very good at predict…
Well today WTI hit a high of slightly over 76 dollars a barrel. It may inch slightly higher to possibly 80 or 82 but it isn't likely to go to much further. If it does there are going to be some nasty repercussions in the economy if it stays the…
With September just a stones throw away, the summer as usual has flown on through with record breaking speed and the fall is just a month or two down the road. It is usually a time of year when the big traders come back from vacation and the kids h…
Most people see the stock market in terms of the past. You know that there is always a period where profit taking occurs when the larger funds pull their money out and leave the little fellow hanging because the is generally when he is all in. That…
While crude continued its move to the downside the more prevalent information to be gleaned from today is the fact that the Dollar may be very close to topping. It hit my magic mark at around 97.00. As Looney Tunes Porky Pig might say....."TH.…
Well I showed you the area that I was thinking of buying gold. I did. I also took some positions int he futures markets with Oil and with S&P. Both Gold and the S&P at at major points of no return. Either they are going to continue with the…
I honestly don't know what people think sometimes. They look at fundamentals and they feel that the past has a total bearing on the future. In today's world of highly manipulated markets by central banks all over the world those days of sou…
I don't think that it is any secret that since the 2008 collapse people are searching for something. They feel let down by people they trusted to look after them and their precious assets. They wealth, health, social groups and jobs all seem to…
With Trump teetering on the verge of flexing his mighty muscle to impose new and greater tariffs on all the so called countries that have "taken advantage" of the US in his words it begs the question...
"I wonder who in the country i…
I like writing. I don't think that is any secret after innumerable posts and likely all kinds of people stealing my content because well, they suck at writing. I honestly don't mind. It is somewhat complementary because I don't really c…
If anyone has been following the Trump administration you are not the least bit surprised at the newly imposed Tariffs on various countries and various goods. Perhaps it will be a long term boon for the US economy, I really don't know but for t…
I don't come here much any more but I wanted to talk briefly about an event that I mentioned to you last year. Months ago in fact about the dollar rally. It has gone as far as 95.64 from the low of 88.00. I told you to watch for this. In fact I…
You simply have to return to the post around January first to see the accuracy of my forecasts so far. The markets have not disappointed one bit. Oil has moved a bit further than I originally thought it would but other than that the forecasts have …
