Market Notes: October. It can bring crashes. So could any other month… The reality is October is usually bullish. I’ve been saying this all month. I bought the dip this week and it’s appearing my reading and timing were almost perfect. Yesterday’s ra...
Market Notes: Inflation is still running hot. But no hotter than expected, the market has absorbed the news and started rising. I’ve been expecting a breakout to the high side for a week now, today the SPY is showing signs of a bottom with a clear in...
Market Notes: Still waiting on the market to pick its direction. I’m still betting it’s going to go up. Until the market breaks, there’s not much for me to do… Futures made a red to green move but are still in the random zone. Some financial stocks j...
Market Notes: Energy prices continue to remain high. Inflation numbers are due out tomorrow … High inflation could give the Fed a reason to delay tapering … Which is bullish for the market. The more I look the more I’m convinced the market has much m...
Market Notes: The market has held up its end of the bargain. Volatility in the fall, selling in October, this week earning season kicks off. On Thursday several banks will kick off the party. Financials have been strong coming into earnings. And ener...
Market Notes: October’s first full week of trading is nearly behind us and things couldn’t be much better. The jobs report is due out at 8:30 this morning, barring no surprises, this should show the labor market is trending in a positive direction. E...
Market Notes: October, as we discussed last Friday, is a bear market killer. Yesterday I mentioned there wasn’t much more downside left. Today I want to point out the that market typically bottoms on the 7th trading day of the month. Today is the 5th...
Market Notes: After a solid rally yesterday, futures have given back most of those gains. Why? Pick your poison … Inflation, the Fed, Congress, oil prices spiking, October… The signals I’m watching say we’re down almost as far as we can go. The VIX i...
Market Notes: According to a whistleblower Facebook (FB) is bad. All its sites we’re offline for several hours after the not-so-shocking revelations come out. She claimed it prioritized profits above the safety and wellbeing of its users. I don’t exp...
Market Notes: After a lower low on Friday, the markets rallied to end the day up more than 1%. I see a clear double bottom right now, which is usually more bullish than bearish. But until we have a catalyst I think the markets are more likely to chop...
