(Note: Iggy asked me to post this for him, so in spite of the by-line, it really is by Iguanadon………)
That’s right, it’s Iggy, with a header post. A first! And it’s not about bacon, dogs or kitchen remodeling. It’s about the world we live in, or more so, the country we live in.
We’ve all heard about the sequester and personally I was all for it. The government wastes hundreds of billions of dollars a year and it’s time to make cuts. The 85 billion sequester is a good start. (more…)
I know that the Cupertino-based tech giant has been talked to death, but my relationship with Apple is, I think, a fairly special one, so I wanted to share my own view as to the principal phases the company has been through over the years of its public ownership. I’ve laid out the entire price chart of Apple from its IPO to the present day and have tinted what I consider the main eras: (more…)
ES made good progress yesterday and made and exceeded my first upside target.We have now reached a level where we may see a big reversal to complete the possible H&S forming on the SPX chart. Will we see that reversal? I don’t know yet, but we are starting to see a significant reversal signaled by strong negative divergence on the 60min RSI. If rising support from the last low breaks, and that’s now in the 1555 ES area, then I’ll be looking for a retest of last week’s low to complete that H&S: