The markets remain choppy and dangerous, but the NASDAQ Summation Index is showing signs of strength. For those unfamiliar with the NASI, I suggest reading the material from stockcharts.com here. Quite simply, a rising index printing X’s is good for buyers while sellers want to see declining O’s. As you can see on the far…
“The punishment of wise men who refuse to take part in the affairs of government is to live under the government of unwise men.” – Plato (Greek philosopher, 427-347 BC) A wise man living under the rule of fools may suffer if he does not adapt to the custom and whim of his leaders. Yet,…
The market is controlled by the smartest people with the most money. Their actions inform the direction of capital, providing an edge to participants who follow the trend. This iteration of the SPX Buywrite : SPX ratio goes back to 2006, and is shown in non-linear time. The distance between years on the X axis…
“A day will come when all nations on our continent will form a European brotherhood… A day will come when we shall see… The United Sates of Europe… reaching out for each other across the seas.” – Victor Hugo (French novelist, playwright, Hunchback of Notre dame and Les Misérables, 1802-1885) Impressive. Hugo foresaw the creation…
Two long nights away from home and plenty of unread email to show for it. How do people maintain their virtual presence with such persistence? As far as blogging goes, I still haven’t figured out the nuances of image posting in WordPress. Nevertheless, here is Monday’s look at my super awesome, totally original and completely…
“Every man who knows how to read has in his power to magnify himself, to multiply the ways in which he exists, to make his life full, significant and interesting.” -Aldous Huxley (English author, Brave New World, 1894-1963) What more can I say? Reading FTW!
“If you can buy all you want of a new issue, you do not want any; if you cannot obtain any, you want all you can buy.” – Rod Fadem (Stifel Nicolaus & Co., Barron’s 1989) This has the patina of truth and reflects the difficulty of profitable trading. Good stocks get expensive, and more…
I sold IWN, IYR and EEM at break even or down a few pennies, all of which I was prepared for. My TBT and DBC still remain in play, but I’ve raised my stops to lock in some of those sweet profits. My indicators are slightly less bullish, and with price falling below some key…
“Every great advance in natural knowledge has involved the absolute rejection of authority.” – Thomas H. Huxley (British scientist and humanist, defender of Darwinism, 1825-1895) Dissolution of old media is clearly on my mind, here’s a quote denying the value of expertise 100+ years ago. Anarchy is on the rise.
My indicators show the emergence of a new uptrend, and so I’ve bought IWN, IYR, EEM, DBC and TBT for the ride up. Since my indicators remain in bearish territory, I’m staying cautious, trading small positions till volatility falls further. Sadly, I have no chart to post because I haven’t figured out how to make…