After my whirlwind tour, I’m back and markets are acting strong. The trend remains up…so that’s really all we need to know. Moreover, precious metals are as well…at least for now. With Chinese New Year starting in a few week, this strength...
We finally got the rate increase this past week. Furthermore, the Federal Reserve says there are three more to come in 2017. That will only hold true if markets and stocks remain strong - and so far they are.
A strange week for me being down while markets are ripping higher. I just didn’t hit the right stocks and that’s all there is too it. That will change. The metals tried to move up with silver leading. However, that effort failed quickly…so...
It’s always nice to have this long weekend before we make the mad dash to Christmas. With stocks generally strong into Christmas and all the cheer of the season, it’s always a busy and fun time of year. Stocks are setting up very well with...
US Markets showed weakness this past week as they are working off their overbought conditions very nicely now. Many stocks are nearing support areas along with the indices. Consequently, I’m looking to buy the weakness in the week or so...
It’s always nice to have this long weekend before we make the mad dash to Christmas. With stocks generally strong into Christmas and all the cheer of the season, it’s always a busy and fun time of year.
Stocks present nothing special, even though indexes are acting nicely for now. Shipping stocks continued their wild upside action until they didn’t. Consequently, I ended up with some losses, since I didn't handle the trade properly. The...
What a week! Markets were wild and materially moving, beginning Sunday evening in the futures market and not really calming down until Friday. I remain in cash waiting for setups, which are starting to form now. I knew the election would...
We started the week with stocks acting poorly. Consequently, the poor action morphed into some solid weakness as the S&P500 nears its major support level at the 200-day moving average. Needless to say we are into very oversold...
A very choppy week for stocks as we continue to get mixed earnings, which means equity markets are all over the pond…giving us no trend at all. I went to cash early in the week, then tried a few small trades only to be stopped out, so I...