INDU. State of the market.

• Post author:WHC Bassetti
• Post published:May 21, 2011
• Post category:Letters
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Five years of the Dow.  And everyone and his dog (of the Dow) is anxiously asking what's next (?).  Well, what is next?  First of all a trend this powerful…

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GLD. Time to speculate?

• Post author:WHC Bassetti
• Post published:May 20, 2011
• Post category:Letters
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Today's power bar has lured us into a trade on gold.  This is speculative territory.  While the bar is outside the downtrend line the pattern is not by any means…

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Bonds go North. Stocks go South. We go to the Giants game.

• Post author:WHC Bassetti
• Post published:May 17, 2011
• Post category:Letters / Uncategorized
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To start with we don't like the way things are shaping up here.  A minor trendline just broken in the INDU -- in fact two broken, the horizontal and the…

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Confusion rains. River floods.

• Post author:WHC Bassetti
• Post published:May 15, 2011
• Post category:Letters
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The Mississippi floods and the punditry leaks just as much wisdom confusion and nonsense -- and the markets seem to be listening.  Everybody's got an opinion -- unfortunately.  Big names…

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euro tanks? Soviet tanks? Rolling across Europe?

• Post author:WHC Bassetti
• Post published:May 13, 2011
• Post category:Letters
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Here is the EUO, or, the short the euro.  We just bought it.  The central bankers have evidently decided that currencies were out of whack and are driving the dollar…

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