It is the end of the week and end of the month. A month that has seen its highs and lows. Last night around the world : Asia Japan and China both had a rough time last night. Japan closed on its lows of the day while China rallied off its...
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The President last night called for a new beginning and maybe the market will give him one today. The rally into and out of the FOMC meeting yesterday had some legs and overnight kept running with some weakness introduced by Europe. Around the globe: Asia Japan and China rallied out...
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Two major events today besides the FOMC announcement. Apple introduces some tablet like computing device and President Obama delivers his State of the Union address. Both events are being looked forward to. Hopefully the Apple announcement will inspire a vision of forward moving technology. If Apple is able to define a new...
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Eyes were on Apple yesterday as they announced their year end quarter profits. Up big. Blew away expectations on the top line and bottom line. All was well… right? Opps, a little asterisk on the score card announcing an accounting change on how revenue from Iphone subscriptions are realized. That twisted the market’s...
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Tom has the focus on Apple and I think that is a great focus spot. We are currently gapped up big pre-market and waiting to see if the gap holds. The rest of the world this overnight has done a nice job holding on to small losses: Asia Although the indices...
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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...
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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...
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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...
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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....
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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...
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