All Blog Entries

You've got to ask yourself one question

'Do I feel lucky?' Well, do ya punk? Dirty Harry 1971

Monthly Chart: Today the S&P 500 made yet another 52-Week high. If you look at this months green candlestick you'll see we are near the highs. Going back 10 years there has been only 1 occasion where a green candlestick has closed off its highs. This was in December of 2003 (marked with a white arrow) and the following year traded in a very tight range...
...

More holiday action - Despite a week open after a rate hike in China, stocks were able to crawl into positive territory. The Dow ended down 18-points, but the S&P, Nasdaq and Transports all closed slightly higher...

Market Commentary for 12/28/10

Current Daily Market Commentary

I don’t own any Citigroup yet in my portfolio, but I think I’m about to. The short term chart looks really great on the daily candlesticks, but I see even more to like on the point and figure chart. Further, the financial sector is solidly “on offense” with a rising bullish percentage.


The attached chart shows my highlights. This would currently be more of ...

Short, low volume, holiday week- This should be an interesting week as the normally positive holiday week faces a market that is stretched to the upside, and with low volume trading expected, anything can happen...

Market Commentary for 12/27/10

Current Daily Market Commentary

We're closing out the year this week and guess what's #1 on the TSP Tracker list? Yep...the Sentiment Survey.
One of the best tools we have available is sentiment, and our own survey has showed its worth in spades this year.

It looks like some TSPers closed out their positions going into the new year as cash levels rose while stock allocations dipped. I was expecting light trade this coming week with a probable upward bias, but China unexpectedly raised it's interest rate by ...