Monday Market Wrap

The stock market slumped on Monday as the S&P 500 ended lower by 0.7% with seven sectors in the red.   Equity markets around the world started the new week on a mostly lower note. However, continued hopes for stimulus from the PBoC sent China’s Shanghai Composite higher by 2.8% to extend its gain over the […]

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It’s Always Paranoiac At the Highs

Is this time different? Is oil down because we just have a shit load of it, or is it because the global economies are sucking at growth so badly that we”ll never have to fire up another factory again?  Does this action portend a vicious black swan that only few can see? Crude has just […]

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Sunday Setups For 12/8/14

We’re doing some background work on the blog, so I can’t get the Sunday video out tonight.  This truly is a market of stocks because for every nice setup I see, I also see a disaster. There are many stocks getting punished and breaking down out there.  They are most obvious in the oil patch, […]

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Tuesday Market Wrap

It was a better day today and the bulls stepped back up. Biotech led the way after BIIB reported some good news on their Alzheimer drug. At one point BIIB was up over 30 points in the very early going, but closed up 20 bucks. IBB was +$6.00 or 2%. Speaking of biotech I sold […]

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Monday Market Wrap

Triggered Stocks None Stops ZLTQ, CAT, ATI, OVTI, VTAE New Ideas None For the day the SPX/DOW were -0.50%, and the NDX/NAZ were -1.25%. Bonds lost 5 ticks, Crude rallied $3.20, Gold soared $45, and the USD was lower. Medium term support remains at 2019 and 1973, with resistance at 2070 and 2085. Tomorrow: Construction spending and […]

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Sunday Preview

It back to work tomorrow as we close in on year end. I guess we have about 20 trading days left to the year.  Three groups that I would recommend you avoid at ALL costs would be energy, gold and solar. Institutions will be getting these sectors off their books between now and year end, […]

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A Good 2015 Is Coming

Got a Feeling 2015 is Going to be a Good Year By Jeffrey A. Hirsch It’s the time of year to pause and reflect and give thanks for the things we have and hold dear. As I said to the kids at peewee wrestling practice last night, I am thankful for wrestling. Wrestling teaches discipline, […]

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