Blogs

The last day of bullish Seasonality is tomorrow and there is a good chance tomorrow may be up but probably now much. On the chart above we have listed the ISEE put/call ratios over the last month that has exceeded 1.50. Readings above 1.50 has marked short term tops in the SPY.

If you remember in yesterday’s report, we showed you the Seasonal chart of the days around Christmas. This chart showed that the day before Christmas was up 74% of the time and tomorrow is the day before Christmas. Also remember for the 5 days after Christmas had a high percentage of being up days.

Over the last month the McClellan Oscillator has been showing excellent strength and very bullish sign for the intermediate term.

This past week in gold - 12/13/2008

By Jack Chan at www.simplyprofits.org

Summary

On last Thursday report we said, “Tuesday we talked about the ARMS index closing at 9.84 and that a closing ARMS index of higher then 9.00 is a rare and bullish event. Since 1965, the ARMS index closed above 9.00 four times (counting current reading) and the three previous times the ARMS index closed above 9.00 the

Broad Markets on the Brink of Destruction

Monday the NASDAQ 100, SP500 and Dow all gapped higher with average volume above the recent consolidation levels. This appears to be the same setup we had on November 4th which was an exhaustion gap followed buy heavy selling down to new multi year lows.

Commissions are a cost of doing business, and as such shouldn’t be ignored.  It’s worth the trouble to spend a few minutes checking that your commission structure matches with your trading style, and that you’re getting the best rates available.

I guess everyone, including me, is asking the question, "What the hell is going on?"  Since my last update, not a whole lot has happened here, even though it seems as if it has.  The S&P broke down through its October 10 lows on November 20 and closed above those Oct. 10 lows on Nov.

Yesterday the ARMS index closed at 9.84. A closing ARMS index of higher then 9.00 is a rare event. Since 1965, the ARMS index closed above 9.00 four times (counting current reading). The three previous times the ARMS index closed above 9.00 the market staged an intermediate term rally.

Summary

All global indexes we track remain on major sell signals this month.
Long term investors are in cash or hedged and will remain so until major buy signals.

Here is our monthly update on major indexes for our international investors.

Above is the SPX weekly chart back to the 2002 low.   Notice that the SPX is running into the 2002 lows on much higher volume.  The test of a previous low on higher volume implies at some point the lows will be exceeded and keeps the bigger picture bearish.   However for shorter term the market is extended to the downsi

The stock market has taken the term sell off to an entirely knew dimension.  The year of '08 is set to go down as one of the worst years on record.  It is to the point that even if you wanted to sell, do you really want to do so when the market is sub 8000?  There has been a lot of mention lately of a target on the Dow near the 6,600 level.  I have begun to see this pop up all

On 11/13 the SPY tested the “Selling Climax” low of 10/10 on lighter volume and then closed above the “Selling Climax” low triggering a bullish signal.   Over the last three days the SPY has worked lower on reduced volume and shows downside forces are weakening and a bullish sign.

The timing of this insider trading investigation against Mark Cuban comes just as the NBA season gets underway.  In 2004, Cuban was an investor in a search engine company named Mamma.com.  The company was having financial troubles and was looking to raise funds by selling shares below market value to investors.  This is

The odds of a default of the COMEX exchange is increasing by the day.  The spread between paper gold and physical gold has increased at an alarming rate.  Central banks and other bullion banks are expecting a sharp rise in the price of the physical metal, evidenced by the lease rates which have exploded over the past few months.  Short term lease rates are up a couple hund