We just don’t know how any indicator or assumption will fare since there has been nothing like the current market since at least 1987. Arguably, there has been nothing like it since 1929. – “When Market Analysis Capitulates” (subscription required),…
Right now it feels to most investors like the bottom is about to fall out. All they’ve seen is stocks go down, down, down, day after day after day. And that’s what they expect for the future. A few weeks…
This is capitulation: “Whatever money you may need for the next five years, please take it out of the stock market right now, this week” – Popular financial guru Jim Cramer on the Today Show this morning. The S&P dropped…
In 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…
Some of the best trades come when everyone gets very panicky. The crowd can often act very stupidly in the markets. You can picture price fluctuations around an equilibrium level as a rubber band being stretched – if it gets…
The key level of support of 1200 on the S&P 500, the intraday low from July 15th, was breached today with the S&P closing at 1193 (S&P 6 Month Chart). This is important because a lot of traders and investors watch these…
I think oil is starting to become oversold in the way the financials were a month ago: At $113 a barrel oil is down about 23% from its highs last month. The 200 DMA (Day Moving Average) is right around…
I am indeed sticking my neck out right here, right now, declaring emphatically that I believe the market will not revisit the panicked lows it hit on July 15….. Bye, bye bear market. Say hello to the bull and don’t…
I’ve been getting a lot of e-mails and compliments since my post from Tuesday afternoon “Today Is The Bottom In The Financials” proved to be right on. So I thought it would be useful to update my outlook. Since then,…
One thing that’s essential is enormous volume. With gigantic volume you can read the markets true opinion – we will need outsize volumes to be able to say ‘Okay, the bottoming or topping has occurred’. It won’t be the end…