The recent performance of the Permanent Portfolio seems to have stoked some interest in the strategy crafted by Harry Browne. I’ve been noticing more references to the strategy making their way into my daily reading of...
Read MoreThe market has run up into the FOMC’s interest rate decision Wednesday on optimism that further quantitative easing will be announced. In addition positive comments out of the G20 meeting to provide growth support gave us...
Read MoreTechnology stocks led the action early and help to bring the bulls back from a weak reaction to the Greece vote. Apple closed near a 5 day high but overall volume was thin. We are extended as we head into the 50ma resistance,...
Read MoreBuyers continued to buy on a breakout of the recent range. Positive rumor on the Greek vote on Sunday with the G-20 backup was enough to close the market at high. Some are neutral going in and some may want to fade the Sunday...
Read MoreEquities were finally able to follow through and break out of their multi-week range to the upside, leaving the S&P 500 (SPY) higher by another +1.3% on the week. Broad overbought conditions were taken out early in the week,...
Read MoreAfter a rally this morning, the market was starting to weaken when news hit that the G-20 is planning coordinated action if needed following the Greek election. The news immediately spiked the market higher as elevated put...
Read MoreThe choppy market continued today. It’s the sixth day where we finished in the opposite direction of the day before. The recent trading range top at 133 SPY provided resistance again. Will we be testing 131-130 lower end...
Read MoreMajor indices bounced back from some profit taking and over reaction yesterday. Today’s rally keeps the bulls alive while building a more convincing bottom. While we await further news out of Europe , buyers are anxious to...
Read MoreThe markets sold the Spain news quickly as it was telegraphed last week. Apple added to the pressure after its new products conference ended mid day. Worries about Greece and Italy resurfaced today. We have support 10-20pt below...
Read MoreEquities put in a strong bounce back rally that left the S&P 500 (SPY) higher by +3.9% on the week, even though it remains down -2.1% over a four week period. For the week ahead, many sectors are beginning to look short-term...
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