Putting pullbacks in perspective, the weekly charts are a good place to start. This 5% pullback is the fifth time since March 9th that we have had this kind of retracement. This is going to be tough trading this week as neither rallies nor pull backs are to be trusted. I am watching for...
More »
From the beginning of the year I have been working on bringing one of my best trading systems ever to the web. This trading systems attempts to capture the best meat of the swings of the SPX index. Using leveraged ETFs impressive returns are possible. On January 13th Beehive issued a short signal based...
More »
The XYZ top worked for the fifth time now since the March bottom. At the end of this missive we will look at what could happen next. But first around the world. ASIA Japan finally joined the sell-off party yesterday and put in it first downward leg. Hang Send actually had...
More »
You will notice today that the planning charts do not have the Santa Claus Channel anymore. We have drifted out of the channel with the current battle here at the1150 top of SPX. Checking out with the world: Asia China continues to slide while Japan moves in the opposite direction. China released...
More »
Sometimes simple is better. This is a daily chart of the SPX with a line connecting the daily closes. None of that crazy intraday noise. Since July we have had 3 XYZ tops. I am sure there is an official name to this pattern, I originally wrote the piece as an ABC top, but...
More »
How rare is a Republican from Massachusetts in the United States Senate? The last one was Edward Brooke, elected 1967 to 1979 and before him Henry Cabot Lodge from 1947 to 1953. So now there are 41 elephants in the room able to filibuster and block votes and impede progress. Congress is gridlocked....
More »
As of 2pm – Rut is back up and over..
More »
Beehive: This is a trading system I have been using for about a month now after many years of development and backtesting. I am beginning to role it out in pieces for a public viewing. It is here for a test feel free to follow along as I develop a signaling system and...
More »
The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy. – Martin Luther King Jr. The markets are in struggle mode here and my signals are swinging daily from Bullish to Bearish. Friday reset the breadth...
More »
