Down the Rabbit Hole

“In another moment down went Alice after it, never once considering how in the world she was to get out again.” ― Lewis Carroll, Alice’s Adventures in Wonderland Not quite four months ago, the Fed guaranteed lower interest rates and higher stock prices forever.  At least that was the mainstream media’s take on QE3.  The … continue reading →

Cliffhanger: Dec 31, 2012

ORIGINAL POST:  9:25 EST We remain short from SPX 1447 on Dec 18. The dollar is either finding support at a channel midline or about to find it at the bottom of a channel, depending on which channel ultimately holds. DX RSI shows great channel support either way. The EURUSD is still hanging in there, … continue reading →

Winding Down

Beware the Fee-scal Cliff Today’s post concludes a week of publicly available intra-day posts, my little gift to those considering a pebblewriter membership.  Sorry, but the forecast is for members only. As announced on Monday, subscription prices will increase on January 1.  In keeping with the concept of paying for performance, the annual rate will … continue reading →

Charts I’m Watching: Dec 27, 2012

The dollar broke down from its steepest channel (in white) as I suspected, settling into a consolidation that might flesh out the larger purple channel today or tomorrow before breaking out of the yellow channel it’s been in since Nov 12.  My target remains the .618 at 79.319 on the purple grid. I say “might” … continue reading →

Charts I’m Watching: Dec 24, 2012

Strange things have happened around holidays this past year.  Though this is a short day (equity markets close at 1pm EST) it’s best to remain vigilant.  Equity futures have recovered most of their overnight losses, and TPTB would love nothing more than to undo the gains we’ve racked up (since shorting on the 18th) while … continue reading →

Still Groovy: Dec 19, 2012

A quick plug: for anyone doing any last minute holiday shopping, I recently found a wonderful online shop that carries very cool shabby chic, french country and vintage decorative goodies.  After looking everywhere, I snagged some vintage champagne flutes at a very reasonable price.  I also understand the proprietor lost a loved one in the … continue reading →

Charts I’m Watching: Dec 12, 2012

In widespread anticipation of the Fed broadening its accommodative stance, the dollar poked down through its proposed (white) channel overnight. While the EURUSD is back-testing its recently broken rising channel. With expectations high that the Fed and Congress (some of you might have heard recent talk about the so-called “fiscal cliff”) will deliver, the cost … continue reading →