Posted in Politics, Stock Market on Jan 20th, 2011
I just read the heading on this post and realized that I wasn’t being politically correct. I’m really sorry I used the word “killed.” I hope that doesn’t encourage anyone out there to go get a gun and start shooting people. I’d hate to feel responsible for anyone innocently reading this blog and then suddenly [...]
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 [...]