When Chasing the Tape – Please Mind the Lemmings

An excellent article from former Director of OMB David Stockman.  Check out David Stockman’s Contra Corner. *  *  *  *  * May 27, 2015 Prior to today’s open MarketWatch provided a reminder that the lemmings are still rampaging in the casino. With respect to Tiffany’s (TIF) pre-market earnings announcement, it telegraphed the reason why TIF soared by 12% … continue reading →

Oil’s Plan B

Oil has been a great friend to stocks over the past several months, picking up the slack when USDJPY failed to deliver algo-driven gains.  But, every once in a while, enough investors pay attention to fundamentals that algos are — however temporarily — overridden.  Such is the case for CL.  From Bloomberg: Iraq About to … continue reading →

Over the Hump

DX nailed our backtest target yesterday……prompting a sharp rebound for CL……which, in turn, is erasing most of the futures’ overnight losses.  And, with that, we get some very strong hints as to what to expect over the next week or so. continued for members… … continue reading →

The Last Big Butterfly

When the S&P 500 finally finished crashing in March 2009 (at the number of the beast, no less), most investors were still in shock.  Very few could know that the crash was over.  But, they cheered the bounce anyway, not realizing that the intervention that had “saved” the market was actually a deal with the … continue reading →

Analog Update: May 19, 2015

The next phase of our analog has arrived. The currency pairs we’re watching have all broken trend, sending a strong signal as to how the next month will unfold.  Consider USDJPY, which broke a nine-week TL/channel top overnight (not to mention the 44th session above the critical .618 Fib at 120.11.) continued for members… … continue reading →