Why The Transports ETF (IYT) Breakdown May Not Matter

Geoff Bysshe | August 23, 2017

Today began on a down note presumably due to concern that comments President Trump made last night suggested that raising the debt ceiling may be at risk.

After the market opened lower it didn’t have any decisive follow through up …


The Bulls Are Back In Town

Geoff Bysshe | August 22, 2017

After two days of testing support areas the market rebounded.

For the ‘buy the dip’ traders, the location of the recent lows sense was a good reason to go long today, but for investors looking for a more substantial correction, …


Solar Eclipse Saved The Market From Crashing Today

Geoff Bysshe | August 21, 2017

The market needs more solar eclipses.

In yesterday’s commentary I concluded that Monday’s market should be approached with and open mind because 3 of the 4 major stock indexes were sitting on a big support level, and therefore…

Further declines …


Monday Will Require An Open Mind

Geoff Bysshe | August 20, 2017

While the media focuses on all the people leaving Trump’s administration, the market tells you where the resulting next opportunity will be.

On Friday the energy commodity complex (USO, UNG, and KOL) started acting as if it’s ready to run.…


Enduring Bulls Drink from Water-Bare Succulents

Mish Schneider | August 16, 2017

The bulls, at this point, have petrified. They look as though they have died.

Nevertheless, the bulls endure while they suck up whatever green shoots they can optimistically find.

Yet, gold bulls remain relentless.

The Treasury 20 + Year Bonds …


Market Pedals to Nowhere

Mish Schneider | August 15, 2017

A stationary bike, a bicyclist and a blender.

Pedaling, not for the purpose of going anywhere. Rather, for working the quads and blending cocktails.

The market had few buyers, thereby did not really go anywhere.

On the other hand, some …


Is the U.S. Market in the Weeds?

Mish Schneider | August 14, 2017

Walking the dogs on Sunday, we came upon this trash in the weeds.

Ironic, because it appeared one day after the horror in Virginia.

Ironic, because rather than thinking the tossed “America” beer can is a sign from the universe, …


The Market’s Baroque Doors, Gloomy Rooms

Mish Schneider | August 12, 2017

The doors in Santa Fe are fabulous. The older ones were made with ornate and intricate woodcarvings. Their colors conjure up the southwest landscape.

People buy them and replace their modern doors for these. In contrast, these historical portals frequently …


The Fire Rooster Cock-a-Doodle-Dies

Mish Schneider | August 10, 2017

Back in January 2017, I wrote about the Chinese New Year’s Astrological sign of the Fire Rooster.

At the time, I reported that “Yin fire is still positive for the economy and the optimism continues to bring confidence to buy, …


Everything At Hand

Mish Schneider | August 9, 2017

Saw this piece locally. I love it!

The sculptor explores iron as a profoundly symbolic material.

He believes that iron’s “regenerative matter, aesthetic malleability and cultural meaning resonate…”

The name of the piece is “Everything at Hand.”

Much the same …