QQQQ. SPX. Going for broke..? or going broke?

http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p39697041562&a=203282119 Impelled by GOOG and AAPl the Q's broke above their April high, which must be taken as a very bullish sign until proven otherwise.  Meanwhile the S&P and the…

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Don’t bank on it. Cashed in C and BAC

http://stockcharts.com/h-sc/ui?s=C&p=D&yr=0&mn=6&dy=0&id=p84818044993&a=203282124 We have long thought that in the long run banks will be good investments.  We still think that way.  It's the short run we're worried about.  We are willing…

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True, or not true? Trend, or contrarian rally?

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p62881197949&a=207879904 Two things are noteworthy about this chart (and the market).  The first is that  May's high has been taken out.  (A note about that noteworthy occurrence:  Magee thought that…

Continue Reading True, or not true? Trend, or contrarian rally?