Veteran’s Day: Nov 11, 2019

Today we celebrate America’s veterans. Please take the opportunity to thank a veteran in your life for their service and their sacrifice. There are many organizations dedicated to helping veterans which rely on charitable donations for the good work they do.  One of my favorites, the Michael J Novosel Foundation, was established to assist National … continue reading →

Because Appearances Matter

It’s not too surprising that there’s been a firm floor under oil and gas prices, given the upcoming Aramco IPO.  But, isn’t it funny how CL has popped above its SMA200 every single day this week, even in the wake of dismal inventory data? Just like it’s funny that ES, which pretty obviously should have … continue reading →

FOMC Hopium

The approach of the FOMC meeting which begins today has been very good for stocks.  There’s nothing unusual about this. Like OPEX dates, stocks almost always rally into such important lines in the sand. Most investors have lost track, however, of the fact that stocks have usually declined after such meetings.With SPX a few points … continue reading →