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Bullitt

  1. Last Gasp Rally?

    by , 07-31-2010 at 11:23 AM
    Went 35% S Fund during the week in hopes for a last gasp rally up to the 1150 area. I say one more rally for the summer which will end around mid-late August and will be just enough to get everybody back on the buy Euro/sell US Dollar, inflation is back trade. Also bought QQQQ at the open on Friday in the Roth IRA with 35% of cash. I couldn't resist, but made sure I used small positions. Always risk management and never swinging for the fences these days even though the machine wishes ...
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  2. Run Away, Turn Away

    by , 07-10-2010 at 07:29 AM


    (Fast forward to 1:40) "Run away, turn away, run away".... we all know the true meaning of that song, but we can totally apply it to the current market conditions in an 80's kind of way. As the crowd seems to have been fooled into playing the contarian, buying when the market is down method, but they fail to recognize that it's only contrarian when everybody else is selling. For the most part, contrarian investing was probably invented by the enormous mutual fund industry ...
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  3. Investing is Like a Baseball Game

    by , 07-02-2010 at 12:49 PM


    Ahh, yes, the songs of the summer; not only is love like a baseball game, but so goes investing.

    Tapped out to the G Fund yesterday and while we probably will get a little rally next week, I'm not going to worry about it. The failure of the market to rally in the midst of some serious up volume and breadth thrust goes to show how broken it is. Right now there is some major resistance ahead to include those who bought at the start of 2010 and the Feb lows. ...
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  4. ST Bullish Here

    by , 06-10-2010 at 07:03 PM
    Just an update on my stance here. Still 50% long from last Thursday and no reason to lighten up. The McClellan and a few other AD oscillators have been showing some strong bullish divergences for a week now. Internal leads external. With the summer volume, big orders are are able to push the market in the desired direction. Basically every quant looks to piggy back the big buys by the mutual and pension funds and when volume is shoddy in the summer months it's more noticeable when the ...
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  5. While You're Dancing

    by , 05-24-2010 at 08:03 AM


    Oh yes, the best things do happen while you're dancing. But is anybody out there besides the algorithmic trader and borrowers of zero interest loans still dancing? Hey, what's to worry, the 50 DMA is still above the 200 DMA and cumulative NYSE AD Line is still moving up. No divergences here so keep the music pumping and keep the Schlitz flowing out of the keg.

    We've talked about manias and investor psychology many times before in this thread including how ...
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