With midterms out of the way, the market behaved similarly to the White Rabbit from Alice in Wonderland.
Fear of Missing Out (FOMO), sparked a rally that seemingly forgot about its very important date with rising rates, rising debt and …
How about six pictures?
Here are the weekly charts of the Economic Modern Family.
From top left-The Russell 2000 IWM, Transportation IYT, Retail XRT.
From bottom left-Biotechnology IBB, Regional Banks KRE, Semiconductors SMH.
Putting aside the midterm election, Fed minutes …
Capoeira is a Brazilian form of martial arts.
The premise is maintaining a dialogue between players using dance, rhythm and movement.
Compare that dialogue to the one we saw today, a day before the midterm elections, between the bulls and …
A little background on how I find inspiration to write the Daily each day.
It begins with my taking a photograph with my iPhone of something I think might be useful at a future date. A metaphor if you will.…
The rally continued as we began November.
Largest percentage gainer of the indices was the Russell 2000.
Thus far, IWM has put in an inside week meaning it is trading within last week’s trading range.
That makes it easy considering …
Yes, the market had a soft landing on support with decent follow through today.
With better than average volume, bulls will surmise that this is a bottom.
And since price pays, with the last 2 days action, technically, we can …
Yet another day where all four indices had inside days (when the trading range is within the trading range of the day before).
This feels a bit like deja vu all over again.
On October 25th, after reporting the same …
I have tried in both creative and straightforward ways to discuss with you how vulnerable the overall market is.
In the same way, I have tried to discuss how much opportunity lies ahead in commodities.
In today’s market activity, we …
Avalanche victims allegedly drank the brandy in the St. Bernard’s barrel to say warm while they waited for rescue.
After this past week, I am sure many market avalanche victims did the same.
The dog is of course, the brown …
Last night, after reporting all the breakdowns I asked, “Is there good news?”
One answer I came up with is, “Perhaps if Biotechnology IBB recaptures 104.68 by the end of the week, that will be good news.”
Today’s closing price …
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