Weekly Commentary for April 5, 2011 So, UConn wins the big game by shutting down Butler. Butler makes only 18.8% of their shots (a pitiful number), and UConn plays big-time defense. Since the recent stock market peak on February 17th, the short term indicators...
Weekly Commentary for June 14, 2011 Currently the S&P 500 resides at 1270. The next support line break would be at 1250, which also is the low reached back in March. The March low (ALL charts) has been our red flag area all along. So we'll be watching for 1250 on...
Weekly Commentary for June 21, 2011 1250 on the S&P is the next support line for the markets. If you are looking at individual stocks and mutual funds, a simple back-of-the-envelope test is to compare the current price to the recent lows set in March. The March...
The stock market has been posting gains the past few days. After two very tough months to start 2009, what could go wrong? Plenty, especially if you are focused on just the Dow Jones Industrial Average.
Take a walk with me down Memory Lane: 1973: S&P down over 17% (ouch) 1974: S&P down over 29%. (ouch again) The bottom for the S&P was reached in October 1974. And the bottom was reached -- yet again -- in December 1974. There was no advantage to jumping...
Exxon reported nearly $12 billion in profits for the previous quarter recently. $12 billion! More net profits in one quarter, than ever recorded in the history of mankind. And what did the stock do? It went down. Numbers like $12 billion generate emotional responses:...
The Dow Jones industrial average dropped below 12,000 today, March 7. In technical terms, this is a significant move. On my point and figure charts this represents another sell signal and tells us that the average may have further to fall. Not that I want to be in the...
In my previous message, I talked about how we moved to defense twice in 2004, but it seemed the market didn't go down either time. If the markets weren't going down, why get defensive? It's an example of where the "generals" stay to fight, but the "soldiers" were...
All of the short term AND long-term indicators I follow have now turned negative. All of 'em. Including the S&P 500. What's that mean? Well, the S&P 500 Index is simply the 500 largest stocks in the US. And, basically, 70% of all money in mutual funds sits...
Think you would you be HAPPY earning less than 1% a year on your money? Many people are...and you might be one of them! Look in your retirement plan, or 401k at work. Say we invest it in the S&P 500 Index at the end of 1999. Leave it there. You're supposed to be a...
