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3.22.2015 Financial Intelligence Report Bookmark

Gold

You don’t see it. It isn’t on TV. No one you know talks about it. The people that do are shunned as crazy. Those folks are avoided. Am I talking about Gold? No. I’m talking about the events that give reason to ponder owning gold.

A quick history lesson…Gold was trading around 285 dollars an ounce back in 1999/2000. We started pounding the table on Gold in spring of 2000, with outlandish claims that it would reach 1000 dollars within ten years. Well, it did that. And why did we think it was going to run so much? Because we saw the things that normal every day people didn’t see.

Insiders Club - 3.23.2015 Bookmark

 10:30

Sorry about the brain cramp I must have had this am. After discussing why we should probably open our stops a bit this morning, I promptly forgot to tell you where I placed them.

But now it seems my head is functioning, so lets move along.

AKAM was indeed a tad weak this am, So I took the stops off figuring it was just "options hangover". It faded to 72.53 and then bounced to 73.20. That's still "red" by 6 cents from our entry, which doesn't much make me happy.

CTSH is also lagging the field. It didn't fall far at the open, but it too is red from where we took it and I don't much like that when the day is bright green.

I'll place the new stop on AKAM at 72.49 and hold the CTSH at 63.50.

The bigger question is... do we add here or wait and see?

Here's the thinking.

The S&P all time high close is roughly 2117. We're sitting at 2113. I suspect it might take a bit of "work" to get through that old high if indeed they are going to try. So we might bee a bit more pushing and pulling before the final decision is made. With that in mind, I think it wisest to be patient here, and wait to see if they can pull it off or not.

names that are looking interesting if the market does move up are...

WFC over 56.30
TROW over 84.40


So lets keep an eye on this and see if they have the momentum to push us up and over into new high territory or if resistance holds. We'll chat after the lunch crowd/European close takes place.

 

 

 


Good morning all, welcome back from the weekend. I hope you all had something wonderful to do and the weather cooperated for you.

Last night at about 9 pm, I flipped over to Bloomberg to see where the futures were at. Interestingly they were up almost 145 points. So this morning I was a bit shocked to see red futures. But as is often the case they "came in" and now at 8 am, the DOW and  the S&P are both green by a bit.

Insiders Club - 3.20.2015 Bookmark

3.20.2015

Yesterday morning we suggested that the market might put in a bit of red before getting its act together after the big run on Fed. day. Then we laid out that the level the market couldn't violate was 2090 on the S&P.  Well the S&P opened at 2098 and like Trader Rob says, after millions of transactions, amounting to billions upon billions of dollars traded, where did we end the day? At 2089.27.  They missed "sticking the landing" by a lousy 0.73 points.

Amazing isn't it? It certainly is.

Insiders Club - 3.19.2015 Bookmark

3.19.2015

Good morning all, welcome to the day after Yellen....

You all know what happened yesterday. Yellen removed the word patience from the Fed's statement, and then tripped over herself blathering about how they're in no hurry to hike rates and they're going to be all manner of data dependent.  The Street looked at how blatantly she was accommodating stock prices and decided that "she's on our side" and "boom" up we went.

It is almost poetic that the market was screaming higher, when we've now had something like 50 out of 59 economic reports miss their respective estimates. It just goes to show you how terribly addicted to free money we are.

Insiders Club - 3.18.2015 Bookmark

3.18.2015

Fed day.

Just the name alone causes me to almost vomit. Years ago you based all your investing capital based on sound fundamentals such as growth, price to sales, book value, etc. But today? Nah that's old man stuff. Today we sit on the edge of our seats salivating over what a band of criminal, non elected elites are going to do with their unnatural interest rates and economic policies.

Insiders Club - 3.17.2015 Bookmark

3.17.2015

Happy St. Patrick’s Day folks.

Down here in Florida we've got rivers tinted green and the beach if full of people wearing green hats, green beads and even green bikini's. I have a hunch there's going to be a lot of "lost time" at employers today!

Yesterday was a lot like last Thursday. For no really good reason the market put in a monster up day,  adding 228 points to the bullish pot. That put the S&P well up above the 2064 level that has caused issues in the past, and landed us back in that "no mans land" between support below and resistances above.

3.15.2015 Financial Intelligence Report Bookmark

Listen Up

The ONLY reason someone would read our articles is because they just know deep inside that something is terribly “wrong” with the world, yet they can’t figure out what.  Which reminds me of some of the conversation in the 1999 movie “The Matrix”

Consider the following dialogue…

3.16.2015 Putin's not Dead Bookmark

It's been 10 days since anyone has seen Vlad Putin and boy did that lead to a ton of bizzaro speculation about where he might have been. Some figured he was ill, some figured he died, some figured he'd been assassinated, etc etc.

Insiders Club - 3.16.2015 Bookmark

3.16.2015

Good morning all, welcome back from the weekend. I hope it was a pleasant one for you all.

Yesterday was a marathon sort of day for us. My younger son has been working two jobs and saving his pennies for a long long time with the goal being to buy his first car. Well yesterday was the day, and of course the car he wanted couldn't be located here in town... nah that would be too easy. It had to be on the other side of the state! So we schlepped across Florida, and spent the day going through the ritual that is indeed buying a vehicle.

Insiders Club - 3.13.2015 Bookmark

3.13.2015

So it's Friday the 13th. You don't hear too much about that being a "dark" day any more. When I was younger there was always a stigma surrounding Friday the 13th, however I can't ever remember anything happening to me or my friends or family on those days.

Maybe the spookiness will manifest in the markets?  Let's see....

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