Ackman’s Massive Hypocrisy

Months ago we watched Bill Ackman’s teary eyed soliloquy on his passion for seeing Herbalife at zero. It was a ponzi scheme in his words, one of the greatest ones ever.  This accusation has never been proven, even after a Justice Dept. investigation.  As a matter of fact, the stock is very near all time […]

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A Bad Last Hour

Quiet market until about 3PM today, then ………. This market continues to put on a clown show on a daily basis. Frankly its as confusing as Father’s day in Appalachia. Technology trades horrifically. Yeah LNKD beat off a low bar (really low) after the close, but its still way way way overvalued and AMZN blasted […]

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Japan Is Getting NIRP’d

“At this meeting, we judged that it was suitable to look more closely at the extent to which the effects of our policies are sinking in,” —Mr. Kuroda  The Nikkei Stock Average closed down 3.6% after rising in the morning on anticipation of further BOJ action. Japan decided not to NIRP itself today because they […]

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The Fed’s In No Rush

Stocks rose and the yield on the 10-year Treasury note fell for the first time in eight days after the Federal Reserve suggested it wasn’t in a rush to raise interest rates. The market carved out session lows mid-morning as it weighed the latest data from the Department of Energy. The weekly inventory report showed […]

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Nasdaq Is In Trouble

I pointed out this bear flag (above) in the trading room for observational purposes only today.  I didn’t act on it or make a short trade (really wish I added in some SQQQ), but charts can tell a story.  As you know by now, AAPL and TWTR made a mess of things after the close […]

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The S&P Stays Tough

There are some interesting technicals to talk about on the SPX today. It was a light trading day so why not? First off, in the morning, the SPX broke its 9 & 10 day moving averages (white and purple lines) on the daily chart. Secondly, it violated its uptrend line (in red).  But the story […]

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