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7.3.2018 - Insider Bookmark

7.3.2018

How rich was that? All day, and I mean literally all day the DOW was down about 120 and the S&P was down 10. But hey, it's the first day of the new month/new quarter and they can't have their precious market looking weak, so what happens? They engage the magic levitation machine and up we go, ending the day green across the board. 

Is that the results of millions of individual investors across the globe, all  deciding it was the perfect time to save the 50 day moving average? HELL NO.

6.8.2018 - Insider Bookmark

6.8.2018

Good morning everyone, welcome to yet another Friday. Once again, this week has flown by me, catching me off guard. 

Okay, so yesterday was, well, odd to say the least. They didn't like tech any more, Piled into the DOW and couldn't figure out what they wanted to do with the S&P. So when it was over, the DOW had 95 new points, the S&P lost 2. The NASDAQ was the dog of the day, at one point down 90. 

4.19.2018 - Insider Bookmark

4.19.2018

Hello everyone, welcome to this new day.

So, if you saw last nights letter, you see the line I drew on the S&P chart, showing where the index had been running out of gas along a descending resistance angle.

2.26.2018 - Insider Bookmark

2.26.2018

Good morning everyone, welcome to a new week! I certainly hope that your weekend was really special and you got a chance to share it with your wife/kids/friends/family etc. 

2.16.2018 - Insider Bookmark

2.16.2018

Morning all, it's Friday and not 3 days too soon. 

NOTE>> The markets are closed on Monday for President/Washington's  day. So yes, this is a 3 day market weekend.

1.17.2018 - Insider Bookmark

1.17.2018

Well now... what the heck was that?  Yesterday we came out of the gate rippin and snortin. We had 287 points in the DOW in seconds. But as the day went on, not only did we lose "some" of that, it got totally wild in the late session. 

1.9.2018 - Insider Bookmark

1.9.2018

Mornin' all, welcome to a new day. 

Yesterday started out about as slow as it can get. Volumes were low, and nothing was moving much. But as the day wore on, they picked up the pace and while the DOW couldn't get green and hold it, the S&P tacked on another 4 points. 

The global levitation continues. 

12.28.2017 - Insider Bookmark

12.28.2017

Good morning all, it's Thursday already. These Monday Holidays toss my whole week into a tizzy, how'd it get to be Thursday already?  Oh well. 

So yesterday they allowed the market to rise, but it was a low volume event that didn't get terribly far.  It was the second lowest volume day of the year. This morning the futures are again green, but not by too much. That said, they have been rising since 6 am, and by 6:30 were up 47 on the DOW.

12.4.2017 - Insider Bookmark

12.4.2017

Hello everyone and welcome back from your weekend.  I presume it was a good one for you all?  Down here in sunny Florida, it was my weekend duty to string up the Christmas lights, hang the wreath, etc. While I enjoy doing it, it's a bit harder to get in the spirit when it's 84 degrees and you're soaking in sweat putting up the lights!  

10.25.2017 Bookmark

10.25.2017

Good morning everyone, welcome to a new day. 

You all know what happened yesterday. Because of a few big name DOW stocks "supposedly" doing will with earnings, we had a 167 point DOW rally. It didn't quite spread too much into the S&P which only managed 4 points, or the NASDAQ which was lucky to get 11 since it was actually red a couple times during the morning shift. 

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