Watch for better leadership plurality on the upside After last week's holiday week, we got a 90% down day retest and then a 90% up-day (90% of up + down volume being up and 90% of advances + declines being advances) again off of that retest as the Fed is trying to pull out most of the stops ... Read more

Fed Defends the Lows For Now and Discussion of Our Unstable System   Chart 1:  After 6 straight 90% down days in a row, a 90% Up-day (or close) may lead to  rally.  Crtsy Bloomberg Since the end of November breadth and volume have been decidedly bearish for the US ... Read more

Secular or Cyclical Bear Market Underway - that is the question! Great traders of the past have often suggested that once a bear market in stocks begin, nobody can really now how far it will progress before ending, and it is wise therefore to assume the worst wait for definitive evidence th ... Read more

Dollar downleg underway yet again. Last Friday the markets turned to prevent the breakdown in stocks we had warned to be watchful of, and the strong volume weak close under 1316 in the S&P we warned to watch out for, never materialized.  Instead the market has been striving to rall ... Read more

Be Cautious of New Leg Down Starting in Global Stocks Investors may want to watch market action closely ahead, as the potential exists for a test of the lows or even new down-leg in global equities to be beginning here.  We suggest watching three markets closely for confirmation signa ... Read more

Commodities Are The Place To Be! As the market gyrates in a difficult to navigate bear market likely until this Spring to Fall when volume and breadth return to upside action, commodities are breaking out and soaring to new highs and are the place to be to generate profits early in 2008. ... Read more

Spreads and Ags We continue to advise investors to trade very cautiously, with less than half of normal position size and fewer than normal positions, keeping most of capital in T-bill cash, until this market begins to rally consistently on high volume and strong breadth.  Whenever the ... Read more

Opportunities to consider LIGHTLY In last week's column we reviewed the last couple bear markets and what the potential for this bear market to look like is.  We continue to advise investors to trade very cautiously, with less than half of normal position size and fewer than normal pos ... Read more

Sidelines Look Good The great W.D. Gann stated clearly one of the most important rules in trading - "when in doubt stay out and don't get back in until you're sure." The last week has been wild and showed capitulation by current former leaders like fertilizers and Russia to the downward ... Read more

Continue to tread lightly and look for both shorts and longs. There are many good analysts who are surmising that we are already in a bear market. They may be right. However I won't throw in the towel until the S&P breaks below its February low and until global averages break below the ... Read more