Words With Friends, Euro Style

Brussells will have more action than Mardi Gras over the next two days. The heads of the euro families all sit down for another photo op. Here are some words and phrases that you will  hear for the next 48 hours. Attempt- Italy just popped on a report that the EU will “attempt” to reduce…

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Coal…Doubles or Donuts?

Coal is trading like it’s going to zero. As you can see above, the $KOL etf has a prominent head and shoulders pattern and it has pretty much broken the neckline on the weekly chart. I remember back in April natural gas was also going to zero. $UNG, the etf for nat. gas, was trading…

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Ideas for the Week of 6/25/12

{+++} “You can observe a lot just by watching”-Yogi Berra The market was all over the place last week but by the close on Friday it really only landed 10 handles from where it started. Thursday we saw a big sell off, but most of it centered around Bernanke and the Fed. The extension of…

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The Wrap 6/21/12

{+++} As you can see in the chart above, the S&P (one minute chart) today didn’t stand a chance from the get go. The market sold off all day in a continuous stream and it got worse in the last half hour as market participants started to worry about the bank downgrades after the close….

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A Meeting of the Mindless

Another “we are the world” moment has kicked off in sunny Los Cabos, Mexico. The sevants who have imploded the global utopia will all belly up for rum runners and wave runners as  the Spanish 10 year tags 7.09%. They call it an “informal meeting”, so I guess it will take absolute disaster to get…

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The Tale of the Tape

  I’ve been very bullish the last three weeks. You have seen me tweet things like “buy em’ when they’re dyin” or “buy the fear” I’ve abused cliches such as “they don’t ring a bell at the bottom”. I’ve strongly recommended that you avoid the media through this period and to run far and fast…

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Everybody Gets One

  The Greeks said they didn’t need a bailout, they lied and got one, Spain as recently as last week lied and  said they were just fine, but grabbed a one hundred billion bank bailout this weekend, (they will need more and will get it). Italy is now saying they don’t need a bailout, they…

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The Wrap 6/11/12

{+++} Today was a day to keep us honest. Futures ripped higher overnight, paired hains overnight, opend higher and then failed as the market thought the Spain situation was merely a band aid. It is a band aid, no secret, and the market can still trade higher, but the sellers won the day. If you…

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