August 21, 2011
by Patrick
Comments Off on Weekend review
Lots of news came out this week, and most of it is bearish. However, the market discounts the future, so we may not be taking into account the possibility that the future news flow improves. Here’s a few indicators to … Continue reading
August 15, 2011
by Patrick
Comments Off on Silver Lining
This weekend’s Dope Sheets (dope sheets are handicapping scratch-pads used at the horse- track used for identifying winners) were depressing. Here’s for ending on an up note: CREE- led the way up. It was the first to roll over. It’s … Continue reading
July 25, 2011
by Patrick
Comments Off on The Dope Sheets- sector review edition
Here’s this weekend’s Dope Sheets update (dope sheets are handicapping scratch pads used at the horse track). It’s a 4 part video.
July 20, 2011
by Patrick
Comments Off on Putting your financial well being in the hands of Congress…
I think anyone buying up here is basically making a bet that Congress will get their act together to agree to something by this Friday, July 22. An agreement that cuts the deficit meaningfully over the long term while increasing … Continue reading
July 16, 2011
by Patrick
Comments Off on The Dope Sheets: handicapping leaders
Stock picking. It’s working again… The market is fun again – not like last summer where every tick in the Euro made oil go up or down and there was mindless, algorithmic buying or selling. Let’s go over the weekly analysis of … Continue reading
July 13, 2011
by Patrick
Comments Off on Trannies, Banks, & Chips
We have a good definition of risk in the major indices and the three major barometers flashing buy signals. Transports broke above the downtrend line and are holding. The theory behind transports being a market tell is that if transports … Continue reading
July 1, 2011
by Patrick
Comments Off on All Systems Go
We’ve got the KBW bank index, the SOX, and the DJT-20 all breaking out, with transports leading the way to new highs. It’s hard not to be bullish with all indicators of a healthy market flashing green. I guess that … Continue reading
July 1, 2011
by Patrick
Comments Off on Fireworks or a Dud?
On this day, July 1, of last year, 2010, the S&P made what is now the 52 week low. We rallied after that for exactly one year, with only three pullbacks. This demonstrates the markets tendency in the past two … Continue reading