There is nothing like a ticker tape except a woman – nothing that promises, hour after hour, day after day, such sudden developments; nothing that disappoints so often or occasionally fulfills with such unbelievable passionate magnificence. -Walter K. Gutman (Financial analyst, described as the “Proust of Wall Street” By New Yorker, You Only Have to…
On Friday the Bullidex rose 9.78% to close at 194.4, breaking the January highs! The uptrend remains intact as the bears get skinned by some ballsy bulls. There is no reason to bet on a pullback until there is some evidence of weakness. Volatility remains in a downtrend and there is an increasing number of…
The uptrend remains intact as the S&P 500 Bullidex rose 5.04% to close at 177.1, indicating less volatility amidst more rising stocks. A rising Bullidex is a buy signal as the market exhibits stability and better odds. Note how the March low failed to break the October low, a positive change in the market hidden…
Individualism, private property, the law of accumulation of wealth and the law of competition… are the highest result of human experience, the soil in which, so far, has produced the best fruit. -Andrew Carnegie (Scottish-born U.S. industrialist, philanthropist, The Gospel of Wealth, 1835-1919)
Intel has been trending up since the end of February and the price action above the upper Bollinger Band (top red line) is a sign of buying pressure.
The S&P 500 Bullidex rose 3.13% to close at 168.6, giving strength to the bulls as volatility drops relative to the number of rising stocks.
What technology does is make people more productive. It doesn’t replace them. -Michael Bloomberg (Founder Bloomberg L.P., philanthropist, New York Mayor 2002-, b. 1942)
In my experience, selling a put is much safer than buying a stock. -Kyle Rosen (Boston Capital Mgmt., Barron’s 8/23/04)
Despite today’s positive close for the S&P 500, the Bullidex fell 1.79% to end the day at 161.3. This divergence indicates a minor weakening of the up trend as volatility increased relative to the percentage of rising stocks. A new row of O’s in the far right column coupled with a declining blue line will…
Goldman Sachs continues to move higher, but the recently announced $5 billion stock sale signals waning confidence within the group. Lindzon posted a great piece here about some problems with the sector. GS has stymied me a bit, and while their practice suggests unlawfulness, the message of the market remains up. Friends of mine who…