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Just Be Long
"Money buys a man's silence for a time. A bolt in the heart buys it forever." - Littlefinger, Game of Thrones The shorts will be silenced tomorrow. We have had a string of several solid up days, the...
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Going Fishing
"There is a time to go long. There is a time to go short. And there is a time to go fishing." -Jesse Livermore I feel like fishing now. It's a battle, and when it becomes a battle, small positions and...
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Look Over Your Right Shoulder
The Dow makes a new high and the $SPX is right there, but the Nazzy $QQQ and Russell $IWM continue to look quite drekish. There is still massive confusion out there. Although $AAPL is the value leader...
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Reviewing The Week
Well the $SPX had a down day on Wednesday, but then composed itself and managed three sideways, consolidation days for the balance of the week. The $VIX had a dead cat bounce to the underside of its 50...
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OMG…. Sell Everything
Get used to Russia being a pain in the ass. They love to agitate. With all the alarmist media coverage on Friday the market did just fine for the week. As a matter of fact the Nasdaq flipped the macro...
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The iPhone and Back Acne
"We live in an age when unnecessary things are our only necessities." -- from The Picture of Dorian Gray by Oscar Wilde $AAPL stock was all over the place as retard Wall Streeters hung on every word...
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Why the Market Could Go Nuclear
Some of the skeptics are circling again as we hang around the highs. Sell stocks they say. Long is wrong they say. I beg to differ and calling tops is not my thing anyway. I do have a couple...
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About Those Dow Orphans
A year ago this week, the S&P Dow Jones Indices group reshuffled the Dow Jones Industrial Average, swapping out three stocks rather than the customary one or two alterations. They substituted...
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Leave It To Europe & Deflation’s Ugly Head
Europe has done a 180 over the last two months, the euro has crashed forcing the U.S. dollar to make a massive run to the upside. As a result of the ripping greenback, commodities of all kinds,...
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Everyone Loves The “V”
The market doesn't base anymore. It gets overbought, pukes for a few days, then gets right back to business. We hit "crisis" lows, shake everyone out, then resume to the upside. It can be very...
View ArticleA Swell Bounce
That's a 10 minute chart of the SPX. We saw an abysmal opening on Friday then the bulls must have reconnoitered under the Buttonwood tree and started buying. A 50 handle rally off the lows was...
View ArticleGood Market, Sweet Setups (Special Offer)
Coal, steel, silver and gold are trading like we are entering a new commodity supercycle. Could it be? Things pretty much suck globally though. Remember though, that epic secular shifts start at...
View ArticleThe Tech Slaughter Continues
Former tech bull Apple, Microsoft, Google, Apple, Netflix, IBM and Twitter. Pretty soon you have a trend, The above stocks have missed earnings and have imploded in grand fashion over the last week or...
View ArticleIs This the Beginning Of the End Again?
Yellen's interest rate decision process Turns out it was a fairly crappy week for the markets unless of course you were long gold, silver ,energy and mining. Is this the beginning of a new commodity...
View ArticleStocks Look Silly Good, But I’m Still Wearing Aluminum Foil
"I'd feel better about this rally if they were selling bonds, utilities and gold"-Jack The jobs number looked good, but unemployment actually upticked to 4.9% from 4.7%. Hmm. Also, about 90% of...
View ArticleNasdaq Is the Problem
Friday was the most interesting day that we have had in quite a while. It's the kind of day that keeps you honest, it temporarily corrects your complacency and makes you sit up straight. It felt like...
View ArticleNazzy Now Confirming Positive Reversal, New Closing High For Dow
Last night I talked about the need for the Nazzy to get above and close above that 50-day moving average in order to instil some confidence. Today it managed to do so, and the volume was better than...
View ArticleOne FAANG Left
Dow: +112.97... Nasdaq: -80.05... S&P: -8.63... Of the five FAANG stocks (FB, AAPL, AMZN, NFLX, GOOGL), only AAPL is left to report earnings and that will happen next Tuesday after the close. So...
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