Sobering thoughts … and roller coasters…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 It is a sobering, but not unusual, fact that Standard & Poors has caclulated that only 10% of funds are above water.  One wonders why investors pay incompetent managers…

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Short and sweet (sweet light crude)…

http://stockcharts.com/h-sc/ui?s=OIL&p=D&yr=0&mn=9&dy=0&id=p41422967883&a=251242709 Short was what our long trade in Oil was.  Now it's not only short in time, but short in direction.  The prominent gap at the end of the chart…

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Slim pickings for T. Boone

http://stockcharts.com/h-sc/ui?s=OIL&p=D&yr=0&mn=6&dy=0&id=p01908793667&a=379203846 T. Boone thinks oil is going back to 100.  T. Boone may be selling snake oil (less than $100, but in extended uptrend), but that doesn't mean he's dumb.…

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Momentous and sometimes important moves…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 According to those who work overtime trying to find the secret of the markets (in this case seasonals) we're supposed to enjoy a Santa Claus rally here.  As always…

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