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Showing Posts 51 - 60 out of 115 found.

ESM5: Glowing Green For St. Patrick's Day

ESM5: Glowing Green For St. Patrick's Day

 Yesterday The S&P 500 mini-futures (ESM5) jumped back into the green in time for St. Patrick's Day by gapping up at the open and staying up all day to close at 2068.50, a sold 26-point gain for the day. The futures have now retraced about 50% of the drop from the Feb. 25 high, and are back where they closed a week ago. The price action was brisk, but the volume was below average, and...

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The New Two Step -- A Dance You Need To Learn

The New Two Step -- A Dance You Need To Learn

As Americans, we’ve had to collectively “let go” of our old notions of retirement savings. Yes, there was a time when most middle-class Americans could work until they were 65 and then look forward to a financially-secure retirement. But along with many other versions of our Pollyanna 1950s Americana, those days are over. Economists used to speak of retirement security as a three-legged...

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So, Why Is The Market Up Today?

So, Why Is The Market Up Today?

This morning, I had a completely different view of what I would write about today. But, as the fundamental principle of the Multiverses dictates, change will happen, and it did, right after I read the headline below right after I read a bit from David Stockman, you remember, the Budget Director for President Reagan.   Oil Is Getting Slammed Again, and Falling to Its Lowest Level in Years I...

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SPX: Expect Excitement, Dramatic Price Swings, And Sharp Reversals This Week.

SPX: Expect Excitement, Dramatic Price Swings, And Sharp Reversals This Week.

Last Week The S&P500 large-cap index (SPX) ended last week on a dismal note. It closed at 2053.40 on Friday, down 12.55 points on the day, down 17.86 for the week, and down 2.80 for the year. For the SPX, buy-and-hold has been a profitless activity in 2015. It is the third down week in a row for the SPX, and it would have been considerably worse except for a somewhat desperate attempt to...

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How Many Top Calls Are Left?

How Many Top Calls Are Left?

It has to be frustrating to be a bear in this market. Just when it seems that the market has reached its breaking point and will plunge to new lows, it instead turns tail and heads higher. In fact, ever since the correlation bubble popped in January 2012, there have been a slew of reasons for investors and traders to sell, but the bull train keeps roaring full-steam ahead. Despite the...

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Three Peaks/ Domed House Part II

Three Peaks/ Domed House Part II

In his 1969 brochure “One Year Later: A follow-up of the Three Peaks and Domed House,” George Lindsay wrote that the pattern lasts roughly 2 years and 2 months from the beginning to the end of a bull market. Looking back over the 29 occurrences of the pattern in the Dow (since 1901) it can be seen that the pattern lasted significantly longer than that on just five occasions. Those bull...

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Take A Trip To Europe – It Is Getting Cheaper By The Day

Take A Trip To Europe – It Is Getting Cheaper By The Day

Some days, I just don’t know where to start. The “news” is coming at me, rather at us, a mile a minute, and the stock market is reacting furiously to the pulsing drumbeat from the breathless media.  Hey! I just figured out where to start – with some good news. For those of you planning a European trip any time soon, or, perhaps, in the summer, you are going to get a big bang for your buck if...

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This Year is Following the Script of 2014

This Year is Following the Script of 2014

It’s funny how history rarely repeats, but often it rhymes.  Yet, in looking at the stock market performance for 2015, it seems oddly familiar.  The first few months of the year have mostly been following the same pattern as 2014! That’s quite interesting and rare, as we hardly ever see two years taking shape in similar ways.  Yet, after the first 10 weeks, the market patterns are quite the...

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ESH5: Running Down To Zero

ESH5: Running Down To Zero

 Yesterday The March contract in the S&P500 mini futures (ESH5) enjoyed a small bounce today as it nears the end of its trading life. The contract closed at 2064.25, up about 25 points on the day. The volume was about 20% of normal. This is about right. The March contract reaches the official rollover day today, and most traders will switch their trading to the new front contract, June....

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The Market Is A Dash and A Marathon

The Market Is A Dash and A Marathon

Yesterday, I watched an 800-meter race for our high school (our kid got third). One guy led the whole race until the last forty meters or so. In those last forty meters, the fella who did win came on steadily.  Slowly, and with churning power, he swallowed each millimeter between the leader and himself, until, finally, at the very end, he pushed his chest and head forward with a spurt of...

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