Charles H. Dow, co-founder of Dow Jones and Company, was alive during the Industrial Revolution, a time when the US was a growing power. Dow's first stock averages were an index of industrial (manufacturing) companies and rail companies. To Dow, …
Tuesday, I shared a way to look at reversal trades using commodities and particularly, DBC, the Commodity Index ETF, as an example.
In fact, pretty much the entire commentary focused on commodities as I am fascinated by the constant opposing …
Many folks have been asking me questions lately about certain commoditiesand whether or not I see basing action. Let’s stray from the sheep/goat conversation for now (related to the indices) and talk about bears and potential bulls (old school).
Not …
Clearly some of you are expecting me to write about the inside days in the indices (when the trading range of the current day is inside the trading range of the day prior), comparing the pause/consolidation/hesitation to our peaceful, grazing …
We ended last week steeped in the Chinese New Year metaphor of the sheep/goat for good reasons. In 2014, the Year of the Horse became an image engrained in my mind because the market so often resembled a horse-one that …
Sheep will graze for an average of seven hours per day, mostly in the hours around dawn and in the late afternoon, near sunset. Sheep are very selective in their grazing habits. They eat grass, clover, forbs, and other pasture …
According to the Chinese calendar, 2015 is the Year of the Goat (or sheep), creatures that are typically peaceful in nature but can also be stubborn, while exhibiting herd-like behavior. In China, the Year of the Goat can signify peace, …
Before I turn my thoughts to sheep and the Chinese New Year, please allow me to see the alien radio signal out one more time.
Last week I wrote about how the volatility index (measure of fear) has beckoned like …
Astronomers in Australia picked up an “alien” radio signal from space for the first time as it occurred back on May 15, 2014. Emerging from an unknown source, these bursts are bright flashes of radio waves that emit as much …
Finally (and happily) we can say that the Fab Four (SPY, DIA, QQQ, IWM)took out the January 6 month calendar range highs.
It took 28 days for SPY and QQQs, 29 for IWM and DIA. To review the interpretation of …