Decent Post Debate Action

Dow: +133.47… Nasdaq: +48.22… S&P: +13.83… It was an interesting day on Wall St. today. S&P futures had dropped about 17 handles from their overnight highs.  The SPX then rallied the first 45 minutes, retraced that move, and then went on to a 13 point rally to close near the highs for the day. It…

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Enjoy the Debate

1960 was the first televised Presidential debate. I was born in 1960, so maybe that’s the reason I turned out this way. The country did just fine before debates, and I know we did better without the media. Every problem that faces society is exacerbated, magnified, twisted and massaged, by media ghouls.  Glorified TMZ TV….

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Bulls In Charge

Dow: +98.76… Nasdaq: +44.34… S&P: +14.06. The IBB finally poked above and closed above that lateral resistance we’ve been watching. It could have broken out in a more convincing fashion, but I guess I’ll take it. A couple of things are behind us now, the Fed and the BOJ.  Yellen doesn’t seem to want to…

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Biotech Fever

I’ve been talking about biotech a lot lately as you know. As Willy Sutton said, you go where the money is. If you read last night’s post (and preceding analysis) you know that the XBI broke out yesterday. Today IBB added 4 bucks and is oh so close to breaking out.   If Hillary can…

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The Waiting Game

We continue to chop around within that box and we will for another day or two as the Fed and the BOJ do what they do best on Wednesday and Thursday of this week. Probably the most significant event for me today was that biotech, (specifically XBI), finally broke out above some key lateral resistance….

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