Today was almost a reverse mirror image of yesterday. The bears overcommitted right after the open and it was stair step up all day. Spain bailout rumors over the weekend provided a boost along with some favorable Greece rumors....
Read MoreOne of the best kept secrets about the PDQ is it’s ability to help forecast those pesky changes in GE trends. Here’s the signal as of 7 am PST this morning, just before that little run up. Keep in mind that several...
Read MoreTalks about QE3 and some positive development on the Europe debt situation provided the spark needed for a large counter trend rally. Once it got going the machines continued to push all the way to the close. We have Jobless...
Read MoreToday’s reflexive bounce was slow but steady with light volume. The bulls are hoping for a rate cut from the ECB tomorrow or from Bernanke’s testimony on Thursday. The market is still oversold and there is more room...
Read MoreA very gloomy Sunday evening futures set up a choppy news driven day. Rumor of a G7 emergency meeting gave us a pop mid day, but news of a downgrade of U.K. sovereign debt hit and the market traded back down at the close. Some...
Read MoreA quick glimpse at the classic Mosaic ETF model shows how market neutral thinking can truly buffer downside risks while still providing an opportunity to pick up some gains when, and if, the market turns back up. Keep in mind...
Read MoreEquities put in their worst week in months, leaving the S&P 500 (SPY) lower by -3.3% on the week. While the ‘right news’ could precipitate a violent upside reversal, in the absence of that I’d certainly...
Read MoreIt was the third poor jobs report in a row and it not only missed by a wide margin but last month’s report was revised and almost slashed in half. While bonds continue to go parabolic, the poor jobs number put an early end...
Read MoreWe tested the low 33pts below the Tuesday high, then bounced 20pts into the close. While not an ideal set up to go into the jobs number tomorrow, we could have a win-win situation. A good or inline number shows economy is...
Read MoreThe oversold bounces rolled over today on deteriorating news out of Europe and weaker-than-expected housing data. It was broad based selling with poor breadth. Apple remained strong on some product rumors during the All Things D...
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