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The S&P Breaks Out To New All Time Highs And The Technicians Declare Victory
Reading Time: 5 minutesThe S&P broke out to a new all time high Wednesday on the back of a mostly inline April CPI Report. Here’s what Patrick Dunuwila of The Chart Report had to say: SPY broke out to a new all time…
This Is When You Buy
Reading Time: 1 minuteIn the wake of the failure of The US House of Representatives to pass the bailout bill, stock markets are crashing: The Dow is down about 470 points and the S&P about 66 as I write this. The Fear Index…
Dennis Gartman: The Recession Is Over
Reading Time: 1 minuteWe saw it happen two weeks ago – it’s over. – Dennis Gartman in a recent interview, quoted in “Recession is over, says economist”, Fortune, August 6
Sniffing Out A Fed Pivot…. Again
Reading Time: 4 minutesStocks rallied Friday as The Fed Whisperer Nick Timiraos penned a column suggesting that the Fed may be close to pivoting to a less hawkish stance. Timiraos suggested that – while the Fed will raise another 75 points on November…
How Jesse Livermore Timed The Market In 1916 – And Its Relevance Today
Reading Time: 13 minutesIn my opinion the greatest book ever written on trading is Reminiscences of a Stock Operator (1923) by Edwin Lefevre. Reminiscences tells the story of Jesse Livermore – by most accounts the greatest trader of all time – under the…
ISM Services Report “Collapses”
Reading Time: 1 minute“It’s not that it’s weak. It’s a complete collapse in the number, one of the lowest readings this statistic has ever had.” – Jim Paulsen (subscription required), Chief Investment Strategist, Wells Capital Management Recession talk is in the air again…

