“There is one thing stronger than all the armies in the world, and this is an idea whose time has come.” – Victor Hugo (French novelist, playwright, Hunchback of Notre Dame and Les Misérables, 1802-1885) For the second day in a row, I find myself impressed with the wisdom of fiction writers. Who needs quotes…
My time at blogspot has come to and end. The reign of wordpress is upon us. Time to get back to basics. Tuesday’s action signaled a new uptrend with an increase in the number of stocks in bullish formations coupled with a decrease in volatility. This change of environment favors the bulls, so shorts should…
Please goto: http://smokingsecurities.wordpress.com for further updates.
“If all the economists in the world were laid end to end, they still wouldn’t reach a conclusion.”– George Bernard Shaw (Irish dramatist, 1856-1950) Sadly, this playwright tells more truth about economic divination than most textbooks I’ve read. This quote is too good for commentary, so I’m gonna call it quits and watch some porn.
The market remains incredibly weak, and rather than post a bazillion charts, here is one that tells much of the story. The direction of the NASI remains down, and this keeps me from allocating money to the long side overnight. Now that I’m back in NYC, I’m busy as hell meeting people and doing stuff…
“With globalization, the big [countries] don’t eat the small, the fast eat the slow.”– Thomas L. Friedman (NY Times foreign affairs columnist, referring to the Arab nations) A cryptic quote without context, I can only assume Mr. Friedman was hungry when he wrote this commentary. Using words like fast, slow, big and small, confuses me…
A tip of the hat to Adam Warner at the Daily Options Report for re-posting this awesome clip. I’m glad the fellows at Clusterstock keep tabs on the important stuff. CNBC: The Whole Country Needs A Bong Break from AlleyInsider on Vimeo. Clearly Smoking Securities is ahead of the curve.
A weekly look at 5 indicators that depict the current market environment. $BPSPX:$VIX = 97.31 $BXM:$SPX = 70.22 $CPMKTE:$CPMKTB = 39.67 $SPXA50R:$VIX = 87.58 $SPXHILO:$VIX = 15 The only glimmer of bullish hope my indicators offer is a 50% increase in the $SPXHILO:$VIX since my last analysis here. Otherwise, the bear market remains intact, and…
A look at the 5 least correlated liquid ETFs. Commodities have stabilized over the last two months, but DBC technically remains in a downtrend. Long positions are remain speculative, but my gut tells me that there is more risk being short than long. The bounce I was looking for in emerging markets never materialized, and…
“The big guys are the status quo, not the innovators.”– Kenneth L. Fisher (Forbes columnist) Good quote, asshat speaker. I’m flying tomorrow, so rather than bore you with a personal attack upon Mr. Fisher, I will ask you to pray. Pray that I don’t lose both engines to a flock of birds, that the fellow…