Not much green, not even my beloved TBT (Ultrashort Lehman 20+ Year Treasuries) as it was "everybody out of the pool." And, we wrote about those reversal patterns in the indexes from the highs enough to not be surprised or …
Why we take control of our own investments
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Finally, the FED did exactly what seemed fairly obvious which in turn scared off some longs in commodities, firming the TBT (Ultrashort Lehman 20+ Year Treasuries), which you know we have been looking at for the bottom for months now. …
If Fed policy has changed, this is what we have been expecting
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S&P 500 (SPY) like the Dow (DIA) took out their last swing highs and then closed well indeed, but backed off end of day just enough to keep the weaker longs cautious. NASDAQ 100 (QQQ) and Russell 2000 (IWM) did …
Do we buy reversals or breakouts in Category 3?
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And so the month ends with the best first quarter performance since 1998. 1998 had drama for sure. The Russian ruble crisis resulted in a collapse of Long-term Capital Management (LTCM). In October 1998, the company was rescued, but only …
The Dow (DIA), S&P 500 (SPY) and Russell 2000 (IWM) all recovered from the gap lower to close in much better shape. However, we remain tempered in enthusiasm as the quarter ends because all ran up to resistance at the …
What should we look for before we enter the market again?
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If the market is "Hungry Like a Wolf", it managed to scare the livestock off, but with how much collateral damage? Second distribution day in volume in the last 2 weeks, but no real major volume to speak of. With …