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Author: Michael Kahn

What bear market?

This chart ran in Quick Takes Pro this morning before the open. The point was that Apple was at all-time highs – not just highs for the rally from March.Bear market of 2008? What bear market? But with this stock now at...

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The trend is up but…..

Here is a chart of the Latin America 40 ETF. Clearly, the trend is up but MACD is finally showing something interesting for the bears.The last time MACD got up this high was in June just before the market corrected. Since the...

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Oil Gushes Higher

OK, I wrote the kind of corny headline financial editors love.One look at this chart, however, gives you the story. Oil is looking very hot right now.Now look at the weekly chart. Either the economy is going full bore or the...

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Dow 10K

Today’s column was about the magic round numbers of Dow 10K and S&P 1100. I called them bunk but let the reader with a rather bullish impression. I am still looking for a major sell off as the series of cyclical bulls...

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Why the market will tank

“Major U.S. banks and securities firms are on pace to pay their employees about $140 billion this year — a record high that shows compensation is rebounding despite regulatory scrutiny of Wall Street’s pay...

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Irresponsible CNBC

This morning, I caught the tail end of a segment on CNBC that perked up my ears. They were trying to debunk the feeling that the US dollar was going to heck in a hand basket. For proof, they and put up a chart that began at the...

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Trader Tax – here we go again

Once again they are talking about taxing stock transactions. They really don’t have a clue, do they?http://online.wsj.com/article/SB125512957855977163.htmlFrom Tom Tankka:The “real” cost will be less trading,...

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Gold survey results

The survey I offered on gold last week got half the responses than the stocks survey. However, it was split again on where everyone thinks it is going. The majority are looking for 1150 sometime before the end of the year but...

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