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2.4.2015 Financial Intelligence Report Bookmark

Oil and the Big Save

Please don’t take this the wrong way folks, but it has to be said. On Sunday I laid out the numbers that we had to hold, or we very well could have been facing a serious market decline. I titled the letter “Crash alert – High”  I  was NOT predicting a crash in that letter. I was saying that we had very important technical levels that had to hold or we could then see a much deeper correction.  A lot of folks evidently didn’t pay attention to that part. All they saw was “crash” not the levels that needed to break to create one.

On Monday the market fell right down to those levels. Then it chopped around for hours as the “fight was on” between shorts and longs. We had fallen 120, then bounced for 100 then went red again by 40.  The day was very “up in the air” as to where it was going to go. But very late in the session, the FT put out a headline that the Greeks had changed their tune and weren’t lobbying for total debt relief, and willing to work out a repayment schedule. That was the “hot button” the market needed to blast higher off those numbers.

Insiders Club - 12.11.2014 Bookmark

12.11.2014

Okay, lets see if I can get the day correct this time.... Hi folks, welcome to Thursday!
Yup, I think I got it.

If you have even a remote interest in the markets, you know by now that yesterday it put in a pretty ugly session. You'd know that because if you listen to the media, they portrayed the plunge as if it was the great depression of the 30's.  That's how fixated on an ever rising market that people have become. A 268 point dip in a 17K market causes panic now adays.

Insiders Club - 12.10.2014 Bookmark

12.10.2014

Hello Everyone, welcome to Tuesday....

Yesterday ended up being an exercise is bizarre. After an early morning 225 point plunge, the bankers went to work and slowly brought the market all the way back. the S&P almost ended green and the DOW was off just about 50.  Was there really any "good" reason for the big reversal higher? Nope, not a one. Just that Central bank policy right now is to keep asset prices rising no matter what.

Insiders Club - 12.9.2014 Bookmark

12.9.2014

Good morning all, get your seatbelts tightened.

The futures at 8 am are in the red. The DOW off 125.

Yesterday the market put in a 100+ point fall. That was the biggest slip in months, as the Central bank fueled rally simply pushed stocks higher almost every day. While 100 points in an 18K market is "nothing", the things that are going on in the world are indeed "something".

11.28.2014 OPEC Holds Firm Bookmark

The political game continues folks. Last night OPEC held the line, just as we suggested they would. We didn't feel they'd cut production to halt the price slide, because they've got a handful of reasons not to. First off they don't really like the competition from the US shale producers. They don't like the production from the Russians either. They also like to supply China with cheap oil, because the Saud's and China are becoming more buddy-buddy all the time. Besides, there's been a lot of bickering between the Saud's and the US lately, and poking at stick at the "petro-dollar" feels good to them also.

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