Category: BKX

Rally Shmally

Call me a complacent bear, but I think the market has an ass kicking in store for the bulls. Yes, that’s a new low for the banking index. Yes, there may be a major pop due to government shenanigans. Yes, it will probably be a fantastic shorting opportunity. Stocks on the NYSE are increasingly volatile…


Indexes, Oscillators and Bears, Oh My!

Today wasn’t quite enough to put the nail in the bulls’ coffin, but it isn’t getting any prettier. My SPX index is clinging to a bullish signal by a few points. The NAMO is signaling a downtrend, but we remain in bullish territory. Banks look ready to break down and test their lows. MLP’s continue…