Sad Links

Here are some weekend headlines. I’m sure it will all work out. WORLD ON FIRE: AFGHAN SOLDIER KILLS 2 MORE AMERICAN TROOPS… String of Iraq car bomb blasts kill at least 32… Muslim protesters torch Buddhist temples in Bangladesh… Militant group al Shabab attacks church in Kenya… Bomb explodes near Islamic school in Nigeria… Grenade […]

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The Wrap 9/26/12

{+++}  This tape is consolidating gains and I am still bullish going forward.  The S&P closed just barley below the 20 day moving average support today, and the volume was light. On any further dip, I will get aggressively long names in the XME, XLE and coal space. I also think the financials are overdue […]

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The Wrap 9/25/12

{+++} The S&P broke that pretty bull flag today and the market let some air out of the tire. AAPL got hit hard again and there were some big intra-day reversals in names like PCLN and GOOG. Th media reported that the folks in Madrid started hitting the streets in protest of the new austerity […]

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Window Dressing

Window dressing the portfolio, marking up, performance chasing, call it want you want. Throw the playbook out the window, this tape hasn’t rallied one point on fundamentals, it’s rallying because of global money printing. Europe is on board, we are on board and China will be on board. We are in the “re-inflate the inflation” […]

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Choppy, But Flagging

After a big run up, it’s normal for the tape to go sideways. That usually creates a flag pattern, which is what you see above. Normally, these are very bullish formations as you know. My own theory, as we push forward to the end of the month and quarter, is for a move higher. I […]

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Paid By the Hour

The market broke its four day winning streak today, as we saw an anemic low volume sell off. But before the pundits take this small opening as a reason to squawk their nonsense, I thought I would look at how the hourly charts ended up today after this nice rally.  The daily chart is too […]

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