Posted in Daily Comment, Politics, SPY, Stock Market, Weekly Comment on Apr 3rd, 2010
There still seems to be no stopping this rally. Every attempt at a pullback is met with more buying. It is amazing to watch the intra-day action to see how every move lower seems to be a struggle, with the up impulses appearing effortless. A healthy trend usually is characterized by a frequent reversion to [...]
Posted in Daily Comment, Politics, SPY, Stock Market on Feb 22nd, 2010
Stocks still seem to be in a longer-term uptrend, although momentum looks like it might be slowing. The chart above shows the weekly etf of the S&P 500. The red horizontal lines display the fibonacci and 50% retracement levels of the previous down impulse move that started in October of 2007 and ended in March [...]
Posted in Daily Comment, Politics, SPY, Stock Market on Feb 2nd, 2010
It’s been nearly a week since the teleprompter reading of the State of the Union. Stocks had been in a slide going into the reading, and continued through the end of the week, and of course have corrected back up part way so far this week. Certainly most presidents try to put a positive spin [...]
Posted in Daily Comment, Politics, SPY, Stock Market on Jan 24th, 2010
It was quite a holiday shortened week. On Tuesday the market rallied even further into overbought territory, lead by the healthcare sector, as it became increasingly evident that Brown would win the election. There were no exit polls to suggest the probabilities had increased throughout the day, and the tracking polls hadn’t changed. However, the [...]
Posted in Daily Comment, Politics, Stock Market on Nov 24th, 2009
This blog has been skeptical of the entire global warming movement for some time. I have repeatedly suggested that global warming has been a huge hoax with a political agenda. I have long suggested that the agenda is an effort to destroy the American economy so the government can step in to “rescue” the country [...]