Crossing the Rubicon
There is one question in the mind of all bears tonight, which can be summarized as follows: Is this one for real? In the past few weeks since the July 15 bottom we have rarely enjoyed more than two or…
Are we there yet?!? part 2
Most likely, yes. Positively, no, we have not recieved all of the signs we were awaiting. But, on a lighter note, we have registered enough to be able to comfortably call the decline in place upon further weakness. You follow?…
Low, Low, Low, Low….
Are you having fun yet?
How do you camp?
So it appears, as usual, that the financial markets are divided into our standard two camps, bullish and bearish. Over in the bearish camp, where, as many of you know, I have been firing up some high-quality bison burgers for…
A Perfect Storm
It’s sunny in Los Angeles today – not a cloud in the sky and the temperature is in the lower 80s – very little smog – call it a perfect day. What do you expect – it’s summer in California…
Can I get a Ute Ute?!?!
Every day we churn higher on lagging breadth and volume is a day closer to our long awaited top. Don’t believe me, check you local A/D line. Here’s mine from the leading index, the $COMPQ. Notice how the rise leading…
Whac-A-Mole
You could also call it Whac-A-Molecool – at least that’s how it felt right after coming back from lunch today. Let’s not fool ourselves – despite the tall tales from some traders I won’t mention here, this continues to be…
Waiting IS the hardest part!!
As annoying as it is, we cannot draw any more definite conclusions from todays action. While the $INDU and $SPX chugged lower all day, the $COMPQ was busy testing its highs again. I mentioned a few days back about the…
Waaait for iiittt…!!
Are we having fun yet? We are getting closer but let’s not draw any hasty conclusions from today’s tape. Although the 1313.50 high was pushing very close to our prime target, the S&P futures remained short of touching 1320, and…