A disclaimer: I am long and/or trading several regular ‘bull stocks’ (as well as short a couple). Don’t interpret the sober message below as a ‘sell your stocks right now!’ style bearish warning. Indeed, after an expected choppy start to December I think more bull market mania, errr… rally, could still be ahead. But it would be just dandy if people would keep their perspective along the way. (more…)
One of my readers from my subscription service sent me this picture last night, and it has been on my mind all day.
Simply put, he overlapped the SPY with the T2107 chart, and what we get is mind boggling.
Since June as the market is climbing higher and higher, fewer and fewer stocks, on a percentage basis, are trading above the 200-day moving average. (more…)
Watching the latest move in the financial markets reminded me of similar events that seem to be lost when having any discussion about business, finances, and more.
Using the markets as of this past Friday. (that being Oct. 18, 2013) The S&P 500® has reached a level so high, it has never before been seen in the history of financial markets. Ever. (more…)
For anyone that’s been either following or actively trading the markets over the last four years. The over used, and now maligned phrase, “It’s different this time.” has for all intents and purposes become not only irrelevant rather, has taken on the same implications as being lumped in with crying wolf, or riling up Ms. Little. However, the only bird that hasn’t (or more likely wont) taken notice of the past weeks market gyrations – is an ostrich. (more…)
God knows that if I’m cheering and calling for world destruction, the bottom is in. You saw no such sentiment from me today. I was fornlorn and mute. But contrary sentiment works both ways, you know. And this was pretty much precise to the tick. (more…)