A Countertrend Rally

A Countertrend Rally

I want to write about market structure this morning because there are a lot of crosscurrents that are useful to understand. The first point I want to make is that the primary trend is still down. Due to inflation that…

Buy The Invasion

Buy The Invasion

What investors have been fretting about finally happened: Russia invaded Ukraine Wednesday night. Bears have been correct in saying that we won’t see even an intermediate bottom until there is real fear – and we haven’t seen it yet. Well,…

Santa Comes Early

Santa Comes Early

Stocks had a furious rally the last three days of the holiday shortened week. On Thursday, the S&P was +0.62% to 4,726 (a new all time high), the NASDAQ was +0.85% and the Russell +0.89%. I don’t want to be…