The table below, like the one I showed in late August, shows me the wisdom of forsaking individual stocks in favor of the 2X or 3X ETF”s.  Why try to find the few stocks that can beat these ETF’s when the odds are so low?  Since the current short bounce began September 1, ... Read more

Here at this blog, at the risk of sounding like one of the cranky doom-sayers who is always going to be bearish, you will get my interpretation of reality. Am I right? Well, I try hard and that's more than can be said of a lot of mainstream analysis. It is the mainstream financial community's ... Read more

With the GMI and GMI-R back to 1, I remain mainly in cash. I am a chicken, and prefer to wait out times like this.  The T2108 is at 27% still not at the depths where meaningful turns come.  The key to success in the market is to lose little during the bad times. gmi: 1 gmi-r: 1 t210 ... Read more

We have gotten the unemployment and jobs data for the month of May from the Labor Department, and the data is very mixed on unofficial numbers.  The report came in at 9.4% unemployment and the change in non-Farm Payrolls came in at -345,000. Expectations varied.  We had 9.2% as the expecte ... Read more

Now that The Uptick Rule is upon us, just wanted to share some thoughts. For argument's sake, let's say that this whole monster decline of the last year and a half was aided and abetted in a big way by an Evil Cabal of Hedge funds running wild with short bets on the market and backing them up with ... Read more

Paul Krugman frequently proposes solutions straight out of the "free lunch" handbook. However, in one recent case, Krugman actually managed to put a price tag on the lunch. That price is $200 billion. Please consider Fiscal aspects of quantitative easing (wonkish) . The big policy news [l ... Read more

Watch For Clear GLD and SLV breakouts to buy and/or add to longs Chart 1: Nice high volume rally in gold puts it on the edge of a confirming breakout. Courtesy B ... Read more

I am sure glad I came across ETH today in the market.  As of now the market is still open and it’s complete chop.  ETH saved the day. ETH entry:11.26 stop:11.20 (Risk .06) Exit: 11.94 (Reward 11.3 R’s units)(.68) All in all a great day so far.  Today is a test of discipline ... Read more

If the market can make it back up above the resistance at 30.10, the next levels to watch for on the upside are; 30.45 (daily R2), 30.70 (61.8% retracement of the election high to low) and above that, the declining 50 DMA is found near 31.15. ... Read the full post ... Read more