Many traders and investors constantly tinker with their technical indicators thinking that if they tweak this or add that, that they will get great results or solve a problem they may be having.
That if you find the right technical indicator, or combination of technical indicators, that will be the holy grail and you’ll be rich. I talked about this some in my post on July 16. Continue reading
Jobs, jobs and more jobs. On Friday the jobs report exceeded expectations so the market exploded higher. This was just the opposite of what happened in June. You do have to wonder what the heck is going on.
Did someone in the Labor Department leave out something in June? Did they add it back in for July? Who knows. All I know is that the stock market went up and the SPX now sits a whisker away from an all-time high. The DJIA is a little further away and the NYSE Composite is even further away. Continue reading
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.
The jobs report came out Friday morning and all the analysts on CNBC and elsewhere were stunned. Most were expecting jobs growth of 160,000 for May. Instead we got 38,000!!!
And March and April were revised down also. As Jim Cramer said on CNBC, ‘we track all this data, how could we be this wrong?’ I think that pretty much sums it up.
Then all the financial stocks got whacked. The dollar dropped. Gold, Yen and long-term bonds popped to the upside. The stock market really took a hit the first hour but clawed its way back, still down on the day.
The video below is an abbreviated version of what I provide my Insider Members. In today’s video, in addition to the market I look at 3 financial stocks…Bank of America (BAC), Citigroup (C) and JPMorgan Chase (JPM).
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.
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
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