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  The market is begging for some news to bring in new buyers to continue to push the market higher.  Today we have the case of housing prices having put in 4 months of positive price re-inflation we are looking for our 5th. Last month the number was 4.2% and expectations for this time...
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    We will need follow through today.  There is no economic news out this morning and the start looks like it is going to be flat an fair..  We are sitting at the SPX summer high and we need to start printing some higher highs in order to call this a breakout.  Today...
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  Wait and see.  We are in a tricky place in the market where I expect to get some retest to the upside.  I thought it would come in yesterday afternoon but no and it could me a few points.  We could just have a failed top but after a thrust like the one...
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Good morning.    The bulls are in need of showing strength and this mornings pushing back of the starting line is not going to help.  SPX futures are down 7.5 now. Europe put in a slew of misses in their economic numbers early this morning. They weren’t all so bad but still disappointments.  With...
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Good morning.    Europe sold off this morning as a plunging dollar and rising Euro sent ripples through the import/export world.  Now that the Dollar is near 80 and has broken into the 70’s. Soon you can expect to hear stories about replacing the Dollar with the Euro as the worlds reserve currency.  You...
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Good morning.   September is the worst month of the year.  You will hear that mantra more and more.  I also predict that Meredith Whitney will be on the air soon with a dire prediction of the fragility of the banking system and the toxic mortgages that are held by them.  As the news...
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Good morning.   Always dangerous to write about politics but let’s try and remove our knee jerk reactions and look at how the two sides are defining the battle when it comes to economy, after all as James Carville said “It is all about the economy, stupid”.   Democrats: Don’t put those old bums...
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  Good morning. Gaps like band-aids can make everything better.  If we hold this gap this morning we should correct the weakness that the breadth charts are flashing.  A bearish –10 from yesterday as momentum has stalled everywhere.    8:30 am news first though as we look at CPI numbers.  I can’t imagine anything...
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Good morning.   There appears to be an Adobe Room problem this morning.  I intend to wait it out for a few more minutes before I have to do the drastic,  nuke the current trading room and create a new one.   Please watch Twitter or Email for any updates.   Nasdaq-100 $NDX made a...
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Good morning.    It looks like I brought my power problems with me home from Maine.  9:30pm last night the power went out, it never goes out here.  I had to regenerate the charts and here we go.    Asia had mixed results last night and Europe is currently down about 1/3 % so nothing...
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