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Insiders Club - 3.3.2015 Bookmark

3.3.2015

Good morning all, welcome to your Tuesday

Yesterday the market pushed and pushed, determined to get the NASDAQ to that magic 5000 so that everyone could think that everything is wonderful. There was really no "good news" to send things higher, it was just "Monday". Or it was just "the first day of the month" . Or it was a handful of other non events. But what ever the reason, they put in a big day.

Isn't it sort of funny that every single time the market even gives the hint that it's ready to roll over and correct a bit, they simply jam it higher? It certainly is. Back on Friday the market looked like it might be ready for a pause. The DOW transports hadn't confirmed the DOW's new highs, and it made sense that we might fade off a bit and test the breakout levels to see if they'd function as support. But no...there was to be none of that.

2.19.2015 More Greek Tragedy Bookmark

Once again the market has been whipped around a bit this morning over the situation in Greece. They went hat in hand to the Union, and asked for a 6 month extension of their loan situation. That got the futures all fired up. But the Germans said "Nein!" they aren't budging on their stance for a total bail out. So the futures quickly retreated. With the DOW attempting to push through to all time highs, they're going to need something to give them the ammunition, and so far that's not it.

Insiders Club - 11.14.2014 Bookmark

11.14.2014

Good morning all, we've made it to Friday.

There will be NO afternoon update today. I'm traveling to Arizona for the Financial Fest event being held in Scottsdale tomorrow.  In fact, I hope that any of you who live in the area stop by and introduce yourself. I'd really enjoy meeting you. 

Okay, on Sunday we said in the newsletter that the market was overbought and probably setting up for either a pause or a pullback. So far the week has been more of a pause than anything else.  Monday was up, Tuesday and Wednesday were "dead flat" and yesterday they rallied the troops in the afternoon to reverse a red start.

Insiders Club - 11.11.2014 Bookmark

11.11.2014

Good morning all, and happy Veterans day. While I often don't agree with the wars our Country sends our folks to fight in, I have a deep level of respect for the men and women who make the sacrifice. I didn't serve in the military. The draft was abolished the year before I came of age, and after seeing some of my cousins come back damaged from Vietnam, I was in no big hurry to sign up. That said, I almost went into the Coast Guard, it seemed to me to be a pretty noble service. I often wish I had...

Okay, because it is Veterans day, the bond market is closed. That's a curse some times because the "algo-bots" don't have any big brother supervision and can do some goofy things. But I guess that goofy is the new normal anyway, considering what we're seeing out there. Look at yesterday...a slow grinding melt up on very low volume again. Was there really any reason to go higher? Not really, but they had "Singles day" in China to cheer on, and they love it when anyone - anywhere is buying stuff.

Insiders Club - 10.24.2014 Bookmark

10.24.2014

Wow, what a wicked market.

Yesterday we were up 303 points when all of a sudden news broke that a NY Doctor had just returned from Ebola stricken Africa, and was displaying symptoms. So he was being taken to the hospital by guard to be tested. That caused the market to pause in its tracks and start selling off. When we hit the closing bell, we were off almost 100 from those highs.

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