Pick Your Poll

Stocks Soar After Poll Suggests U.K. Will Remain in EU then after the market closed…… Brexit: YouGov/Times poll shows 42% Remain, 44% Leave, 9% Don’t Know, 4% Would Not Vote The polls are all quite hilarious and it reminds me of the inanity of our own election polls. The market began its week on a […]

Read More

Things May Be Afoot

“The only function of economic forecasting is to make astrology look respectable.” John Kenneth Galbraith The markets were in selloff mode last week and looked lower until Thursday when it reversed higher. So why did that happen?   The SPX ws down 25 handles and the Dow was down around 190 points until about 10.15 until […]

Read More

Bipolar Trading Day

What a crazy day. I envy you folks that work other jobs for a living and dont have to watch every tick because today was nuts. The SPX ws down 25 handles and the Dow was down around 190 points until about 10.15 until things bottomed. Here s a look at the 10 minute chart […]

Read More

What Does the Fed Know…….That We Don’t?

“The only function of economic forecasting is to make astrology look respectable.” John Kenneth Galbraith This isnt going to be a “Lee Harvey Oswald didn’t act alone” rant, nor am I saying that the Bilderberg Group or the Illuminati really run the global economy…….but WTF is up withe the fed???? When unemployment was around 9%, […]

Read More

Market Still Struggling

I guess you could just watch my Sunday video or just read last nights post if you want to get a handle on things, because not much has changed. Just a little more of the same. We were flat to slightly down today on the indexes, but the action was bad and weak patterns got […]

Read More

Risk Off As the VIX Blasts Higher

The worm can turn fast in the stock market.  Risk appetite has left the building over the last couple of days as you can see by the dramatic move higher in the VIX since Friday morning.  Europe continues to rollover on Brexit fears and China is starting to play dead again. So its a confluence […]

Read More

Regarding Gold and Those Miners

I will take a more in depth look in the video later, but here are some thoughts. GDX has been the standout performer of the year. Friday’s close marked an exceptionally interesting place on the charts.  From January’s low to Friday’s high, the ETF is up 95% from the low to the high! Remembering that the ETF is […]

Read More