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Author: Michael Kahn

Wet Blanket

Some charts just speak for themselves and this one is the wet blanket on today’s rally.Yes, volume for the NYSE was stinky again – old news. This chart of the banking ETF shows money still fleeing, a broken trendline...

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Note from AAII

I am still on the road but here are a few observations from the American Association of Individual Investors conference.1- Lunch keynote Mike Santoli (Barrons) said the Fed’s mission now is to dampen volatility, not keep...

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Speaking in Orlando

Vacation is really a misnomer. This is more like a re-location but I’ll be in Orlando starting this evening. Friday, I am speaking at the AAII conference and doing the requisite Barron’s related schmoozing.Otherwise,...

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Greenback is Whack

NEW YORK (MarketWatch) — The dollar weakened Monday, pushing an index of the greenback to the lowest in 15 months, after a weekend meeting of Group of 20 policy makers offered no support for the U.S. unit.Why would other...

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Classic pattern?

This is a chart we’ve been watching in Quick Takes Pro. If you have any faith left in technical analysis than a channel breakdown with falling-volume retracement should mean something.chart printed at 1pm NYT...

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Solar Winds are Blowing

There was an interesting discussion this week in a technical analysis chat room. First, read this quote from a post by Philip J. McDonnell.”There is a large hole in the Sun’s Corona which is emitting solar wind in...

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Ben’d Over Greenback

The dollar has actually had a trendline breakout in recent days and after pausing for a bit it had its rally cap on Tuesday. It did not last. And today when Ben and Co. said they were going to hold rates for the next 137 years...

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