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4.8.2016 - Insiders Club Bookmark

4.8.2016

Good morning all, we've made it to Friday.  (Whew!)

In Sunday night's letter I suggested that my feeling was that we'd trade sideways and down this week. Well so far that's come true. Opening Monday at 2073 on the S&P, we fell Monday and Tuesday, bounced big Wednesday and then rolled back over Thursday.

As yesterday afternoon was developing, the market started to swoon. At one point the DOW was down over 215 points, and the S&P was down about 30+. It looked like they had finally decided to "pull the plug"  But...we'd seen things like this before, only to see them save the day.

3.29.2016 - Insiders Club Bookmark

3.29.2016

Good morning all, welcome to a new day.

Once again a fairly "punk" day made it back to green, as the "riggers" seem to never want to allow a red close.  Yesterday was a study in low volume "wandering" as the market was green, then red, then green and back and forth all day. But the range was very narrow...within the statistical equivalent of "flat".

3.20.2016 - Financial Intelligence Report Bookmark


The Yellen Flip

There’s a lot of folks that actually think the Federal Reserve is somehow a Federal Agency. They are not. There are a lot of folks that think we need this non-elected band of criminal bankers.  We don’t.  There are even people that think the United States always had a central bank.  It didn’t.  But we’ve been stuck with one since 1913.

For any of you who would truly like to understand how the Federal Reserve came to be, the best place to start is a book called “The Creature from Jekyll Island”.  I highly recommend it.

3.16.2016 - Insiders Club Bookmark

3.16.2016

Hello all, welcome to Yellen day....

Tuesday was the lowest volume day of the year. Monday was the second lowest volume day of the year.  No one wanted to make a move ahead of the Fed. Well, today is decision day.

There's a lot of things in play right now. The Fed's are in a strange predicament as they've told the world we're doing really well, with virtually "full" employment. Yet that doesn't jive with 0.25% interest rates.  It looks stupid.  So for them to continue to "wait" on normalizing rates, just lends to the idea that the Fed's are happy rigging the markets higher

3.9.2016 - Insiders Club Bookmark

3.9.2016


Good morning everyone, we've made it to Wednesday.   Looking at the futures, it appears that the algo-bot driven up and down chop is back in play.

2.11.2016 - Insiders Club Bookmark

2.11.2016

Hello everyone, welcome to what looks like an interesting day....


The futures this morning are blood red. We are actually well off the lows, as earlier I saw the DOW off 340 points. As I type this, they're down 290. Why the puking futures?  There's a combo-platter of reasons. Oil has plunged again, and is now in the 26's. Sweden cut it's already negative rates to even lower.

1.28.2016 - Insiders Club Bookmark

1.28.2016

Good morning all....

Yesterday was just nuts, as the volatility ruled the roost again. After knee jerking higher on the Fed's statement, the air came out of that and down we went. We ended the show with the DOW down 222 and the S&P down 20.  Then overnight the volatility continued. For a while the S&P futures were up 18, then went all the way to red, and then this morning have crawled back to green.  Again.

1.27.2016 - Insiders Club Bookmark

1.27.2016

Good morning everyone, welcome to another day in the madhouse....

Yesterday the market put in another of its manic, mindless romps higher. Yes oil was up and they liked that, but was there any guarantee that oil would stay up? Nope, and indeed overnight it pulled back again. 

After the bell yesterday, AAPL announced earnings. While they were still spectacular, it was the first time since 2003 that sales growth actually slowed. Tim Cook had to admit that the global economy just wasn't what he thought it would be.  Glad you woke up Tim.

12.4.2015 - Insiders Club Bookmark

12.4.2015

Hello everyone, welcome to Friday.  Job's Friday.

I'm sure you all know what happened yesterday afternoon. After being soggy for a large portion of the morning, they appeared willing to hold the market up with just a relatively small loss. But no, as the afternoon progressed more and more traders started to figure out that things aren't quite as wonderful out there as previously thought and lightened up positions. Draghi didn't offer up the "bazooka" load of rate cuts and QE they were hoping for, and Yellen was still talking tough on the Hill at the joint economic committee

12.1.2015 - Insiders Club Bookmark

12.1.2015

Morning all, and a happy Tuesday to ya.....

Yesterday was strange on a lot of levels. The Chinese got into the IMF, which everyone and his brother said was "not going to change anything" and yet moments later the market headed deeper into the red, and never recovered.

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