“Excellent firms don’t believe in excellence – only in constant improvement and constant change.”– Tom Peters (In Search of Excellence) Constant improvement and change is an unfortunate but necessary condition of existence within the rat race. It requires a degree of self loathing to catalyze the desired transformation, for if one is at peace, no…
Market conditions continue to deteriorate as panic spreads around the globe. My SPX indicator made a new O, signaling increased volatility and fewer stocks in bullish formations. Buyers should step to the sidelines and wait till the current rush to safety subsides. The buy write index continues to outperform the underlying SPX, reinforcing my bearish…
Word on the Street is Steve can no longer run the show at Apple. Here’s the Bloomberg scoop. Though this chart doesn’t reflect the new low of $76.51, it does reinforce my belief that surprises tend to move stocks in the direction of the primary trend. Participants long Apple stock are prone to frustration and…
“History is a collection of agreed upon lies.” – Voltaire (French philosopher, 1694-1778) Cynicism from an imprisoned drunk drug abuser is generally unpleasant, but it is easy to like the words of this famed Freemason. The conspiratorial nutcase in me screams “Dead On!” but rationally, this quote is snarky wisdom that builds nothing. I believe…
Tuesday was a lesson on the virtues of patience and discipline as I unsuccessfully tried to short the market. Things still look grim for the bulls, but there is too much churning for me to make money as I get frustrated switching positions and paying commissions for pennies. Over trading is more than taxing on…
“There have been three great inventions since the beginning of time: The fire, the wheel and central banking.” -Will Rogers (American humorist and showman, 1879-1935) Being a man of the times, I’m more partial to Bic lighters, bicycles and the Internet. Nevertheless, I can’t deny that central banking is good to those who run the…
In an effort to create more structure for this blog, I’m re-posting 5 charts that depict various trends within the $SPX. In the future this selection will be posted during the weekend. $BPSPX:$VIX = 139.61 $BXM:$SPX = 68.88 $CPMKTE:$CPMKTB = 41.34 $SPXA50R:$VIX = 122.16 $SPXHILO:$VIX = 10.9 Why am I regurgitating this mass of pretty…
Here are the tickers making noise on StockTwits Alcoa is pulling back into support, and technically remains in an uptrend. This may be a good long candidate once the market stabilizes, but stay away until another X gets printed. Time for a wholly spurious prediction. Citi will go to three and announce there is no…
Hypnotized by abject boredom, I picked up the 2009 Stock Traders Almanac in order to feel the joy of material acquisition. Needless to say, I’m not surprised to find it useless for trading, but the daily quotes are good bathroom reading. Thus, I will be plagiarizing each nugget of wisdom, and analyze its merit for…
I’m a huge fan of percentage/volatility charts, but due to their underwhelming popularity, they’re confusing. Hopefully someone understands their value besides myself. Although my NASDAQ indicator has gone bearish here, the SPX is holding on for dear life. There are fewer bullish stocks and volatility is rising, buyers beware. The BXM/SPX spread has broken resistance…