JUST LETTING YOU KNOW Lots of Red I don’t like the way Europe is trading. I follow the German DAX very closely and it was down 160 today and it was very poor action. Not the mention the CAC out of France, and the FTSE in London. Very bad. As you know, yesterday the Fed [...]
Archive for the 'Dax' Category
3 weeks ago, about 80% of stocks trading above their 10 week/50 day moving average. The guess now is about 55% and that may be generous. This means more and more stocks are not working. This means the market is getting heavier up here…and with multiple distribution days, the market may be ready for some [...]
This is the time of year where everyone is looking to hear all the gurus tell us their top ten picks of 2012 as well as their targets for the market. Well…the average strategist believed the market would be up double digits in 2011. The fact of the matter is that no one knows which stocks will do [...]
If you have been reading my reports, listening to my radio show or watching me on Fox News and Fox Business, you would know that in the April/ May period, I started to turn bearish on the market. This did not come out of thin air. My stance on the markets comes from exhaustive studies of [...]
Yesterday, I told you that I thought market was going to head higher in the near term. I saw several things. I saw that support held at the bottom of the wedge. I saw that the all-important Semiconductor index was getting the bid and saw Retail also perk up. In case you didn’t know, I [...]
Read a transcription of an audio interview I did with Tim Bourquin of the MoneyShow.com. Enjoy. Click here to read the interview in it’s entirety.
The market remains in trouble…and in spite of oversold conditions, continues to get rocked. A few more things sticking out for me: The Transports are in imploding mode. Not good. The German DAX continues to implode…not to mention other European markets. The DAX has been a pretty decent leader of moves. Some stronger retail names [...]