Now I wonder If I will ever be The lighthouse in a sea of shadows That you were when you shined for me When I was going under You knew when and where to be Now I’m as good as Ebenezer after his conversion I’d give all my goods away with no coercion I’d give […]
This will be a simple, straightforward post: just a look at the Dow Jones Composite with a short-, medium-, and long-term view. The short-term view reveals something which has been the case for many indexes lately – an entire month – – a whole stinkin’ month – – of going nowhere. You can see the […]
Both iShares Russell 2000 (IWM) and SPY (lower chart) are in tenuous technical positions right now. IWM has violated key support at 134.80/40, but has yet to follow-through to the downside, while SPY is probing, piercing, its Nov support line. Let’s see if the bears can get any traction to the downside after inflicting initial […]
This is obviously a very toppy looking setup on SPX and it’s highly likely that SPX is topping out here in the short term, and very possibly making a major bull market top. In terms of timing, topping processes on SPX tend to be slow and my working assumption has been that SPX would kick […]
I’m satisfied with gold’s proximity to its gap that I have re-entered my DUST position and a short GLD position. I’ve got tight stops on these, though, and if GLD gets past $115, I’m out. The front month for gold is below, with its gap circled.
There are 3 Things in the title. Thing 2 is a big key to managing markets and being successful at Thing 3. Thing 1, while a consideration to the extent that it affects policy and structural macro issues, can get people all screwed up with respect to Thing 2, thereby hurting their chances with Thing […]