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5.11.2016 - Insiders Club Bookmark

5.11.2016

Howdy folks, ready for more lunacy?

Explain yesterday.  Go for it, I'll sip my coffee and wait.  I think I'll be waiting a long long time because there is no explanation for it. In the midst of some of the worst economic reports in a long time, the powers that be decided we needed a 222 point up day.

5.5.2016 - Insiders Club Bookmark

5.5.2016

Hello everyone, welcome to a new day. This one dawns bright down here in Florida, which is quite different than yesterday. We had torrential rains yesterday, and many areas of Sarasota experienced flash flooding. Major roadways became rivers and it was truly a mess. But this morning the sun is out, the sky is blue and all is well with the world.

Hurray!

4.15.2016 - Insiders Club Bookmark

4.15.2016

They did it again.

Yesterday the market tried to work its way higher, but ran into a gob of resistance starting around 2087, and couldn't get through. So it faded all the way down to RED by late afternoon. But because illusion is the name of the game right now, in the final moments they rallied the troops and pulled off an 18 point DOW gain and a fractional gain in the S&P.

It gets old, no? Yes.

2.29.2016 - Insiders Club Bookmark

2.29.2016

Good morning all, welcome back from your weekend. As always I hope it was a great one for you. Down here in "much too chilly" Florida, the wife and I got a chance to "escape" for a couple days and spent a fun afternoon poking around in one of our favorite Florida places. It was really fun, however... the wind and temps kept a lid on some of the things we would have liked to do. I know a lot of the nation is in very cold conditions, but we're "below the frost line".  Deep cold is supposed to be rare. Ha! We've had frost 3 times and Saturday am we woke up to just 39 degrees. For us cranky old Floridians...that's cold!

2.25.2016 - Insiders Club Bookmark

2.25.2016

Morning all....

If you read last night's Financial Intelligence Report, then you know I come into today with no really strong feeling about which way the market is going to go. We had that big reversal day yesterday, but it was once again on lower volume, and it didn't really achieve anything technically. Yes it is true that if you look at a chart, yesterday's action created a "hammer" candle and they are often indications of "more to come". But other than that.... not much else. We didn't get back the losses of the day before, and we didn't end the day above any resistance levels, etc.,

2.24.2016 - Insiders Club Bookmark

2.24.2016

Morning all, welcome to another day in "mania-ville"

So yesterday we had oil pull down, and then the Saudi oil minister simply came on State TV and said "forget production cuts...it ain't gunna happen". That was more than enough to pull the rug out from the market.

But it wasn't just that.  Oil and the Saudi guy are important no doubt....but maybe more important was that oil and the Saudi guy hit right as the market was face planted into stiff resistance.

2.17.2016 - Insiders Club Bookmark

2.17.2016

Morning all....

My morning has been tossed a curve ball, as an appointment with an Orthopedic for 3 pm, had to be rescheduled for 10:30 AM.  I am a creature of habit and I don't much like it when my routine is contorted. But I do need to see this man, so the normal 10:40 update won't happen. I'll post a second update after I get back from him and settle back into the office for a while. 

2.12.2016 - Insiders Club Bookmark

2.12.2016

Did you see it?!?!?!  Were you around yesterday afternoon to witness more "fraud?"  Let me set the table for you....

The afternoon was going poorly. The DOW kept fading and fading. The S&P was following along. Soon enough we were down 400 on the DOW and the S&P was right at that ALL important 1812.  Then we slipped below it. For the first time in years the S&P was under 1812.

1.2.2016 - Financial Intelligence Report Bookmark

The Start of The End

Hello all, and welcome to 2016.  If you thought 2015 was weird, just wait as “you ain’t seen nothin’ yet”   So first off, let’s just take a walk down memory lane and hit on a few things that 2015 brought us.

2015 was a year fraught with firsts. In it we saw the first rate hike in a decade. We saw the IMF”s reserve basket called the SDR change for the first time in decades as China was admitted into the club. It was the first year ending in a 5 that wasn’t positive. It was the first time in a Presidents 3rd year that we weren’t positive. It was the first time Russia asserted herself in Syria. It was the first time a President uttered the word “transgender” in a State of the Union address.

2.3.2016 - Insiders Club Bookmark

2.3.2016

Good morning all, welcome to Wednesday.

Before we dig into the business of the day, I have to make a mention to any of you music lovers out there. Last night the wife and I sat mesmerized yet again while watching the composer/musician Yanni and his Orchestra simply astound everyone with their musical talents.  Sarasota is an "artsy" town, and one of the main venues is the Van Wezel performint arts hall. An incredible amount of top flight performers visit this hall, and put on tremendous shows.  Seating only 1,700 people there's not a bad seat in the house, and it's a great place to see any performance.  Yanni kicked off his US tour there last night.

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