Yo-yo markets in Death Valley…

http://stockcharts.com/freecharts/pnf.php?c=RSP,PWTADANRBO[PA][D][F1!3!!!2!20] We are in, and have been in, one of the most difficult periods in our 55 years in the market.    We re not alone in this assessment of…

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The Long View…

Being that the short view is so tedious, we thought we would take a look at the long view.  It may surprise you, but the bull market which started in…

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Time to buy?

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 The formation is formless here and the trendline is more or less invented, so buying at this point requires some boldness.  It would be more conservative to wait for…

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Volatility reverts to the mean…with a vengeance…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 As we frequently note volatility is mean reverting.  Friday it reverted in a major way.   http://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=0&mn=6&dy=0&id=p34770779486 There has been extraordinary anxiety in the marketplace. This derives in part…

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