Quote Corner

Market risk tends to be poorly rewarded when market valuations are rich and interest rates are rising. – John P. Hussman, Ph.D. (Hussman Funds, 5/22/06)

May 26, 2009 May 26, 2009 By charlie In Comments Off on Quote Corner

S&P 500 Bullidex ($ES_F $SPY $SPX)

This post is graphic heavy but the message is clear, increased shorting and liquidity are the modi operandi. Until these charts begin to print X’s, the S&P 500 is not a safe investment. Volatility is increasing relative to the number of strong performing stocks, reducing the odds of successful investment as market breadth wanes unfavorably….

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May 24, 2009 May 24, 2009 By charlie In , , , , , , , , Comments Off on S&P 500 Bullidex ($ES_F $SPY $SPX)

Quote Corner

You have to keep digging, keep asking questions, because otherwise you’ll be seduced or brainwashed into the idea that it’s somehow a great privilege, an honor, to report the lies they’ve been feeding you. – David Halberstam (American writer, war reporter, 1964 Pulitzer Prize, 1934-2007)

May 22, 2009 May 22, 2009 By charlie In Comments Off on Quote Corner

Quote Corner

Follow the course opposite to custom and you will almost always do well. – Jean-Jacques Rousseau (Swiss philosopher, 1712-1778)

May 14, 2009 May 14, 2009 By charlie In Comments Off on Quote Corner

S&P500 10 Day MA Record High Percent Index:Volatility Index $SPXHILO:$VIX ($ES_F $SPY $SPX)

The SPXHILO fell relative to the VIX, indicating fewer stocks are trading at record highs as volatility rises. As the number of stocks making highs wanes, the odds of profitable investment decrease. I’m still selling leveraged ETF’s like FAS/FAZ BGU/BGZ TNA/TZA, but I’ve been taking my long positions off the table.

May 14, 2009 May 14, 2009 By charlie In , , Comments Off on S&P500 10 Day MA Record High Percent Index:Volatility Index $SPXHILO:$VIX ($ES_F $SPY $SPX)

Quote Corner

The best minds are not in government. If any were, business would hire them away. – Ronald Regan (40th U.S. president, 1911-2004)

May 13, 2009 May 13, 2009 By charlie In Comments Off on Quote Corner

NYSE Summation Index Looks Ominous ($SPX $SPY $ES_F)

The NYSE Summation Index looks poised for a correction. The new red O indicates the 2 month uptrend has lost momentum. Investors should get defensive and exercise conservative risk management.

May 13, 2009 May 13, 2009 By charlie In , , Comments Off on NYSE Summation Index Looks Ominous ($SPX $SPY $ES_F)

Twitter Ticker ($POT)

Potash was a market leader before the credit crisis, and though it is trading above various moving averages and the upper Bollinger, this is not a great investment vehicle. The trend is up so buyers have the advantage, but I doubt this stock will make all time highs soon.

May 13, 2009 May 13, 2009 By charlie In , , Comments Off on Twitter Ticker ($POT)

S&P 500 Bullidex ($ES_F $SPY $SPX)

I’m too drunk to post anything pithy and wise, but I’ll point out that the S&P 500 Bullidex rose .28% to close at 225. The S&P is technically in an uptrend, so my bias remains on the buy side. Trade smart… I’m gonna chug this water and watch some porn…

May 13, 2009 May 13, 2009 By charlie In , , , Comments Off on S&P 500 Bullidex ($ES_F $SPY $SPX)

Quote Corner

Anytime there is change there is opportunity. So it is paramount that an organization get energized rather than paralyzed. – Jack Welch (GE, CEO, Fortune)

May 12, 2009 May 12, 2009 By charlie In Comments Off on Quote Corner