Category: SPX

Ratios to Reason

The Buywrite Index has been crushing Buy ‘N’ Hold strategies for months. Will the BXM:SPX ratio find resistance @ the 10sma? Gold miners haven’t lost much ground to gold, which I interpret as a bullish signal. Long LSC and short commodities is one of the best strategies I can see. Up almost 20% since this…

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December 4, 2008 December 4, 2008 By charlie In , , , , , , , , Comments Off on Ratios to Reason

Monday Market Mumblings

The market is showing signs of internal strength. There are more bullish stocks above the 50dma with generally lower volatility. Advancing volume is much heavier than declining volume. Judging by these indicators and recent price action, the tape is saying up, up and away. We are still in a long term bear market, but there…

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November 24, 2008 November 24, 2008 By charlie In Comments Off on Monday Market Mumblings