Our short-term theme has been that the new Fed chairman's interest rate comments and Trump's steel tariffs uproar would be unwound with a bounce before the market shows its cards,…
Thank you sir for putting some rational talk in the media and thank you Bloomy for putting him out there amid all the inflation and bond bear hysterics going on.…
Gold Sector We covered HUI's status in yesterday afternoon's update. The sector usually ends corrections (it has been in one long, corrective consolidation since 2016) with a shakeout, and these…
Let's do the admin housekeeping first. Folks, about the Trade Log... I may be talking to a tiny fraction of the base, but please remember that as someone with many…
As we approach the end of February I think some of these big picture charts are telling some interesting stories. Dow is testing its channel breakout, which actually looked like…
A quick view of some signals the market is giving us during the expected relief rally. We used two premier Semi Equipment companies as a gauge in ratio to the…
Over and over again I've been making goofy headlines about the Amigos, the 3 macro riders who will reach (or abort) their respective destinations, at which point the macro is…
As symbolized by the 3 Amigos, the macro backdrop is riding on to its destiny. That forward destiny is a top in stocks vs. gold (Amigo 1), a rise in…
Long-term bond yields are rising this morning, and you will notice, the 2yr is rising more than the 30yr. So not only is this a boost for the 'nominal yields…
On Monday we noted the levels that would signal the potential for more than a "blip" of a market pullback if indexes closed below them. The Dow closed below last…
It's been a tough market for day to day management (for me, anyway) because the futures open down and then the thing spends all day recovering the opening losses. I…
As I've been noting again, again, again, again, and again the macro backdrop is marching toward changes. I'd originally thought those changes would come about within the Q4 window and…
The stock market is very overbought in general. There are certain sectors (Biotech, Telecom, etc.) that have gone in the opposite direction and certain indexes/segments (Small Caps, for example) that…
Time once again for a review of the big picture, because... perspective. For example, in my mind I feel that training has been done to not expect a real whopper…