Last week I offered to do an “Ask me anything” blog. I received several questions, a few of which I answered right on the spot (they were not “big” enough questions to do a full write up on). But I did select 3 questions that I thought might be of interest to all. Here they Read More
James Bond. Licence to kill?
Who’s your favorite James bond actor? For me, it’s a close three way tie between Sean Connery (of course!), Pierce Bronson, and Daniel Craig. Not sure who’d I’d have to say my favorite was or is – each has merit. This summer, we get to see a new Bond movie with Daniel Craig AND Read More
Trading China’s 2 year trading range
The Shanghai has been meandering between 3000 to 3300 since early 2016. That’s two years of sideways nothingness. The index did try to break out of this range late last year, but it quickly retreated into its never-never land range as the trade talks heated up. Trump-o-nomics have been very positive for the US economy Read More
Turnaround stories
I thought it might be fun to examine some really sorry looking stocks that look to be putting in a base. Base breakouts can be powerful moves. A base that is in the development stage can be encouraging, but you do not buy a stock, or market, while it is contained within that base. That’s Read More
Bear-o-meter goes bearish
I did the full-blown Bear-o-meter reading today, and it came out bearish. The current reading is a “2”. As a refresher: The compilation assigns “points” to a number of different factors. If a factor is bullish, it can get a +1 or at most a +2 reading. If its bearish it can get a -1. Read More
Safety in bike riding and tech stock trading
I got to thinking the other day about the parallels of cycling (my beloved sport) and investing. Both of these ventures involve a degree of risk. The risk of investing is loss of capital. The risk of cycling is injury or even loss of life. In both cases, we can take precautions to make sure Read More
Staples not so stable
Consumer staples are in a bit of a tizzy. If we examine the SPDR Consumer Staple ETF (XLP), we can see that the sector has suffered about a 10.5% drop since its peak in February. Unlike the broader markets, it has not recovered similarly to the S&P 500 since the February market correction. XLP Read More
Self-fulfilling prophesy?
Sometimes the market will stop at certain levels because players who believe in those levels will sell the market as their specific indicators suggest a sell point. For example, moving averages are pretty much just lines drawn in the sand. They simply represent a rolling average price, and thus can indicate a trend – or Read More
First, the good news…
The good news I read with great interest a recent report from my favorite market statistician, Jason Goepfert (www.sentimentrader.com). Jason points out that the Dow Jones Industrial Average—which we have data on going back to the late 1800’s, has seen only 26 times where the market has experienced similar conditions as of late. That is, Read More
I love the smell of napalm in the morning.
I’m leaving tomorrow for Orlando, where I will be doing a seminar for the good folks at the Orlando Moneyshow this coming Saturday Fe 10th at 6:15pm. Here is the link for the Orlando show — If you happen to travel to central Florida during the winter, or if you have family/friends who do Read More