Stock Market

Obama Is About To Give A Huge Class Warfare Speech

December 5, 2011

If this speech plays out the way this article suggests I have two words for the President; FAIR (Flat) TAX!

I don’t want to get into a spitting match with the President. Also, I don’t want to go there with any of the other possible candidates to the 2012 election. As I’m sure that most of us are tired of trying to parse any of the politicians words I want to see action toward specific goals. Not band aids for broken discourse.

A proper Fair/Flat Tax would eliminate many advantages the privileged class have had during the last century. When you hear something that tries to move us American Citizens away from that goal you are listening to political gamesmanship and class warfare. We should no more accept this from any of our leaders than from any enemy of democracy. Divide and conquer is still alive and well in the rhetoric the

President Barack Obama will travel to Osawatomie, Kansas on Tuesday to emphasize the need for Americans to pay their “fair share.”
It’s an argument that many in the Republican party reject as class warfare, but Obama will draw on a Republican president — Theodore Roosevelt — to justify his message.

via Obama Is About To Give A Huge Class Warfare Speech.

Read the full article →

When In Doubt, Go Out!

October 27, 2011

Following my charts today reminded me of a “Rule of THUMB!” (said with much thunder, echo, and deep voice). The gist of it is “When in doubt, go out.” It means the same as “Go to the balcony” but refers to the time-frames that we’re trading.

I tend to stick with a 15 to 30 min. timeframe but sometimes find myself looking at a 1 minute or 5 minute wondering if this time or that would make a good entry or exist point.

If those things aren’t clear in the shorter time periods then we need to move out to longer time period to gain a longer perspective. In fact, the longer time periods are where the real money is.

Sometimes it’s profitable to drop to a smaller time-frame but when in doubt, go out.

What The Stock Market Is Going To Do

October 19, 2011

Breaking to the upside?

I get a broad view of the news everyday just to gauge the mood of the market. This is what I noted today.

We have lots of doom and gloom. No surprise there. But I also note that the tone of the news went from “there are some negatives” to “there are some positives”.

If I had to speculate I’d say that from this point we have a shift in market mood. That jives with the way the stock markets have been trading over the last week.

We’re at a pivot point in the markets and that point may be up. I’ll try to not let my perpetual bear feelings influence my objectivity and let my charts tell me which way things go from here.

Hint?: While I’m on the subject of the markets… Didn’t the last hour of yesterday’s trading seem like a blow-off top?

Read the full article →

Echos In The Stock Market

September 11, 2011

“History doesn’t repeat itself, but it does rhyme.”–Mark Twain

It’s just an echo – echo – echo…

Noting the trading patterns emerging from the last month or so I just have to point out that they are still on track to repeat 2008. Not the precise picture or words but certainly the rhyme and reasons.

In Dead Cat Bounce or Everything OK Now?, I speculated that the market had another bounce in it that would soon come to an end. I’d just like to state another related observation: NFL scores should have as much consistency. It’d make running a fantasy sports leagues a lot easier.

Read the full article →

Sharp decline or collapse. BEARISH.

August 26, 2011

Remembering that education is where you find it I present this chart. found.

Click the chart after the jump if you need to.

Click to continue reading “Sharp decline or collapse. BEARISH.”

Read the full article →

Could You Trade Like Warren Buffet?

August 26, 2011

Everyone would like to trade like Warren Buffet. Well, if you really would like to make a lot of money. But just investing in the stocks that Buffet does is never enough. Many investors and traders alike have been led astray by doing so. Consider the the following article. Could you do what Buffet did?

BofA’s Costly Buffett Buffer - via WSJ

Read the full article →

When Bad News = Good News

August 23, 2011

that is, bad news = good news because it means…

Click to continue reading “When Bad News = Good News”

Read the full article →

Something Tells Me The Smart Money Says…

August 22, 2011

Something tells me the smart money says…

… that short is the way to go.

[caption id="attachment_1706" align="alignleft" width="240" caption="Smart Money Voting With Their Wallets - Image via Finviz.com"]

[/caption]

Click the picture for a much larger view or this link to go to Finviz.com.

Read the full article →

The Lost Decade U.S. Style

August 10, 2011

Different name but same style.

Japan reacted to a huge downturn to their economy by cutting interest rates and printing inflation, all which contributed to their EXTREME national debt.

Now the Feds have announced that record low interest rates, which started dropping in 2008 and are now near zero, are going to continue until 2013 at least.

So we’re half way to Japan but this will get us through the elections. Right?

We know who to thank but will we remember?

Read the full article →