“I am a lonely painter, I live in a box of paints,
I’m frightened by the devil, And I’m drawn to those ones that ain’t afraid.”
I hope my last 2 blog’s references to the devil (both from favorite musical …
Could it be that there really was “Terror at 18,000 in the Dow?”
Okay, so maybe the word “terror” is a bit of a hyperbole; but, we saw that level scraped on Monday followed by a substantial retreat from it …
With regard to the Simpson’s episode from the mid 90’s “Terror at 5 1/5 Feet", I wrote a weekend homage about the similar scenario playing out in the overall market or what we called “Terror at 18,000 in the Dow.”…
After a week we were happy that we corked the champagne and remained sober, last Thursday night I watched a rerun of The Simpsons that goes back to the 1990’s called“Terror at 5 1/5 Feet". That show was an adaptation …
Existing Position: ½ KRE long 40.86 ATR .66 (SOLD ½ 40.26)
Name of Instrument: SPDR S&P Regional Bank
Current Price: 40.30
**Lowered: Sell Stop: 39.24
Reason for Trade: Bought on weakness in a bull phase with good 2 ATR risk …
Do we regard the 3 day sell-off beginning Monday in the S&P 500 as short-lived considering the marginal 4th day red close on Thursday?
Trading conditions were choppy to say the least as the 4 indices split in terms of …
If this year patterns in the same way it has patterned since it began, then we can assume that the 3 day sell-off beginning Monday in the S&P 500, placing it just below the 50 DMA but above the 100 …
The Interest Rate instrument TLTs, have taken on a Shepherd’s role, seemingly holding up its staff for low rates. The market, which began the week as entertaining and fascinating, Tuesday became annoying seeing as low rates continues to have a …
Quiet day to begin this week or dare I say, March, the month that comes in like a lion and goes out like a LAMB?
Speaking of which, lambs are getting closer to my neighborhood. I read today that State …
Back in 1979 through 1981, commodity traders on the New York Exchanges were having a party. Literally. Not only were buckets of champagne on ice delivered daily to the floor like bottled water, but the boards were lit up with …