Death Crosses and V’s

“Moderation is a fatal thing. Nothing succeeds like excess” -Oscar Wilde The market can be dramatic. The market is know for being excessive to the upside and excessive to the downside.  It usually overshoots both ways.  When this happens its good to play it smart and that means playing it smaller. Last week was a […]

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Real Buyers Feel Lower

The markets closed on their lows today after a strong open. All the indexes closed on their lows and as you can see above, the SPX closed 60 cents above yesterdays intraday low. It was a very disappointing turnaround Tuesday and it was bearish action. The market is trying to grind out a bottom right […]

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Midday Market Look

Well we got the flush, problem is it happened so fast it was tough to lay into anything. What an amazing day. Maybe I’m getting older, but they give you less and less time to get the lay of the land so you can start some logical nibbles on stocks. We were down 1000 points […]

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The Flush

Well, we may be seeing THE FLUSH here. Oversold readings will be off the hook and flashing extreme at the open. There is a saying that you don’t need analysts in a good market and they will kill you in a bad market. I had CNBC on for a minute this morning, (literally the first […]

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Update

Hi Folks, I will be travelling all day as I kick another child down to college.  I may not be back until late this evening so I will try and get a post pout then, but no later than tomorrow before the market opens. Not much to say anyway. We have a a short or […]

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