Tag Archives for " Dow Jones Industrial Average "

0 Don’t Tinker with Trading

When used as a verb, tinker has the following definition: attempt to repair or improve something in a casual or desultory way, often to no useful effect.

When I was younger I would have several successful trades or weeks, then get hit by a big loss or several losses and I would immediately start to tinker with my trade setups and indicators.

This of course immediately messes with your head and doesn’t help. I was reminded of this as I watched golf this weekend. Continue reading

0 Bull’s Last Stand

Little Big Horn Battlefield

On this day in 1876 several hundred men, led by an overly confident Lt Colonel George Armstrong Custer, U.S. Army, rode into an area in what is now southern Montana near the Little Big Horn river.

They engaged an Indian village there and grossly underestimated the strength of their opponent. They ran into several thousand, very unhappy Lakota Sioux and Cheyenne Indians.

In what is now known as Custer’s Last Stand, Lt. Colonel Custer and about 210 of his men, were completely overwhelmed and wiped out.

In the mid-1980s I read a very detailed account of this event in a book called “Son of the Morning Star: Custer and the Little Big Horn” by Evan S. Connell. It was very good.

Bull’s Last Stand

As I thought about Custer’s Last Stand, I thought about the stock market this week and the events surrounding the “Brexit” vote in the UK.  I wondered if the market’s eruption in bullish enthusiasm on Thursday, might have been the bull’s last stand. Continue reading

0 Signs the Bulls are Stumbling

In this video I see some signs that the bulls are stumbling. I look at the Dow Jones Industrial Average (DJIA) and the Russell 2000 (RUT) daily and weekly charts.
I then see what’s happening with the VIX and 3 key ETFS.

In focus today are the S&P BioTech ETF (XBI), Valeant Pharmaceuticals (VRX) and Goldman Sachs (GS). This video is an abbreviated version of what I provide to my Insider Members.

0 Remember Always

Arlington National Cemetery

This following is a post I wrote last year on Memorial Day weekend. I see no reason to change it as I am proud to remember and honor those who have gone before us.  I am living free in this beautiful country because of their sacrifice.

Here in the United States it is officially Memorial Day on Monday. Cookouts, camping, boating, the Indianapolis 500 all part of the official start of the summer season. But on this Memorial Day weekend my thoughts turn to remembering my Uncle Bob.

World War II

Uncle Bob served in the Army in World War II and the Korean War and then at the Pentagon for many years. He was a great guy and my favorite uncle. I was fortunate to have been able to spend some time with him in the late ’80s when we lived in Northern Virginia. Continue reading

0 Does China’s Slowdown Matter?

We are about to find out. China just released several disappointing economic reports today. Read “China’s Economy Grinds Down a Gear as Heavy Industry Drags” on Bloomberg.

In today’s video I look at the collapsing Shanghai Composite Index but first I check in on our markets and several key ETFs including IBB and XLF. This is a very brief view of what my Insider Members get.