Has the Bubble Burst?
It is not uncommon to move past a “bubble” bursting and not realizing it. Denial plays a big part in the recognition of such a phenomena. While I admit the speculation can grow extremely strong as pundits try to claim their 15 minutes of fame by making bold statements of impending doom only to get […]
Continue readingLogical Market Update: First Down Day – The Beginning or Buying Opportunity?
First Down Day For Equities – Just the Beginning or Buying Opportunity? After Monday’s big disappointment courtesy of a very tight inside day, Tuesday’s trading action brought some welcomed relief. The optimal word is some. Refreshing is a word I heard used – It was like a fresh cool drink in the desert another contrarian […]
Continue readingLogical Market Update: Never Short a Dull Market – or….
Never Short a Dull Market or What Happens When You Host a Party and Nobody Comes – the Volatility Indexes Have you ever gone to highly anticipated event and wished you were anywhere else? That is what the markets were like on Monday. Stuck in neutral with nobody left to push prices in either direction. […]
Continue readingLogical Market Update: Morgan Stanley’s Selling What? NYSE Margin Debt & S&P 500 All Time Highs
Second Verse Same As the First: Morgan Stanley Pushing Non-Prime Fund to European Investors – NYSE Margin Debt and S&P 500 All Time Highs To say that people learn from their mistakes is a fabrication. Seems that several of the TBTF banks have decided to repackage their sub-prime mortgages and ship them off to Europe […]
Continue readingLogical Market Update: Anybody Else Noticing? Hype is on the Rise!
Is Anybody Else Noticing? Hype is on the Rise! – The Russell 2000 Makes New Highs – DJIA, S&P 500 Should Follow – Treasuries In A “Dead Cat Bounce” I’m in a quandary as how to describe trading last Wednesday, Friday and also today. The broader index futures have now closed a second day “very […]
Continue readingLogical Market Update: When the FOMC Speaks – the Markets Will Respond – Is it Time to be Long or Short?
When the FOMC Speaks – the Markets Will Respond – How to Trade the Chop– Is it Time to be Long or Short? So what’s up with the stock market lately – it’s neither bullish nor bearish – but is sure is choppy! It has been a great week for day trading the volatile […]
Continue readingLogical Market Update: Sell Signals Mounting – Cash NOT as Enthusiastic as Futures – Volume Drops – Short/Steep Correction Likely
The Sell Signals are Starting to Register – Should Provide Shorting Opportunities. Indexes NOT as Enthusiastic as Futures. Volume dries up. Correction Likely and may be Short and Steep. Don’t get caught up in the hype of the DJIA squeezing an additional new high into the close on Tuesday. The markets are now in extreme […]
Continue readingMarket Update | Choppy Trade Leaves Traders on the Sidelines and the Markets Still Overbought
Wednesday’s market action was choppy at best. Again, the bulls are not willing to give much here believing that any downside is a gift to get long or longer! Unfortunately, this does nothing to change the near term picture. Technically, the markets and most equities are still at extreme overbought levels. With volatility remaining very […]
Continue readingFeb 5 Update | Overbought + The Correlation Advantage | Daily Market Updates
Monday started the week with a broad market decline, which was not unexpected. The broad market advance has been underway for well over a year, with the month of January being relentless in terms of pushing into extreme overbought levels. I don’t think I’m the only one who finds it interesting that investors wouldn’t touch […]
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