Posted in Daily Comment, SPY, Stock Market on Jan 12th, 2010
The stock market started off the new year with a continuation of the overall uptrend that has been in place for the last several months. According to the Stock Trader’s Almanac the first five days of January are followed by full year gains with an accuracy of 86% and an average gain of over 13% [...]
Posted in Daily Comment, Gold, SPY, Stock Market on Dec 23rd, 2009
I write this on the eve of Christmas eve, and also the eve of the historic and disastrous bought off senate vote on obamacare. The public does not what this awful bill to pass. Many of the democrats don’t even want it. But comrade Harry Reid is intent on getting something through the senate. On [...]
Posted in Daily Comment, Gold, SPY, Stock Market, Weekly Comment on Nov 7th, 2009
I’ve received more than a few emails asking if I’ve turned my blog into a monthly report. Well, I’ve been in New York since my last post. I was going to bring the laptop, but decided I needed a complete rest from the markets. We have a mid-town timeshare just south of Columbus Circle. We are [...]
Posted in Daily Comment, SPY, Stock Market, Weekly Comment on Oct 25th, 2009
So far all predictions for the demise of this powerful stock market rally have been wrong. Certainly we’ll hear of all the successful forecasts after the fact, as we always do. It’s a little more difficult to call a top in real time. Every time the market looks like it is going to finally pull [...]
Posted in Daily Comment, QQQQ, SPY, Stock Market, Weekly Comment on Oct 17th, 2009
Many financial markets continue on what seems to be a never-ending path upward as the dollar continues on its path downward. The chart above shows the daily action of the etfs representing the S&P 500 in the upper sub-graph, and the Nasdaq 100 in the lower. Trends in both are clearly up. Every attempt at [...]