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1.23.2017 Bookmark

1.23.2017

Good morning all, welcome back from your weekend. I hope it was a good one for you all. Down here in Florida, things got a little wild weather-wise. For two days we had been warned that Sunday afternoon could bring dangerous weather, starting at about 3 pm. I'm a bit of a weather geek ( you get that way when you live on the Jersey shore and like to venture 100 miles offshore to chase yellowfin and longfin tuna)  and said on Friday that I thought the weather would make its appearance around 8 pm. 

1.4.2017 Bookmark

1.4.2017

Morning all, welcome to a new day. 

Well, did you see it? The once very common late day magic levitation has returned! Yesterday the market was bouncing around at the low end of its range, mostly between say DOW + 40 and DOW + 65 points. Then exactly at 3:30 it hit. From 3:30 right into the close, everything just magically went higher.  The S&P gained a full 10 points in just 30 minutes. The DOW was pushing 70.  What was that all about?

9.7.2016 - Insiders Club Bookmark


9.7.2016

Morning all.....

Yesterday many of you noticed there was no 1 pm update. Folks... I could lie, make up some baloney about a tech problem,  or what have you. But the truth is there was no post because I was on a conference call, got all wrapped up in it and by the time it dawned on me that "holy crap I gotta do an update" it was well past 2. I looked at the market, saw things hadn't really done anything and figured "what's the point?"  At that point I just continued on with the overseas call.  Sorry about that.

9.1.2016 - Insiders Club Bookmark


9.1.2016

Hello everyone, we've made it to September. It's really hard for me to believe that we're in the 9th month already. Sheesh, it feels like New Years was just a "little while ago".  I guess time does speed up the older you get.

So yesterday they "tested" the lower band of the expanded box, hitting a low of 2161.  (2160 was the bottom of the range)  Then we bounced from there, but they couldn't get us into the old range of over 2175. We ended the day at 2170.  So does it surprise anyone that we see the futures green this am? Not me.

8.30.2016 - Insiders Club Bookmark

8.30.2016

Hello everyone, it's Tuesday....

Okay, so they pulled off their magic levitation yesterday and got us right back into the middle of the old range we sat in for a month. That range was 2175 to 2190.  We closed yesterday at 2180

11.12.2015 - Insiders Club Bookmark

11.12.2015

Good morning everyone, welcome to another day where your head might explode from all the things going on around the world.

First a quick review of yesterday. The day was directionless, bouncing up and down in a fairly tight range. When the final bell rang we'd lost almost 7 S&P points. It was something of a victory for the bulls because on Tuesday the S&P "tested" the lows set on Monday and they held. So seeing yesterday once again remain above the Monday low gave credence to the idea that they were willing to trade sideways for a few days and then try for higher.

Insiders Club- 8.4.2015 Bookmark

8.4.2015

Yesterday the market was well on its way to considerably lower prices for most of the day. As I said in the afternoon update however, I felt that they'd probably try and make a bit of a stand and bring us up a bit the closer we got to the close. Sure enough, I must have gotten lucky as they moved the market well off the lows, and in the last hour, they even rescued the 50 day moving average at the 2098 level. In fact so "amazing" is this market, that after being as low as 2087, they brought it right back and planted it smack-on the 50 day. Just like magic.

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