Power Bars…Now that’s a power bar…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p70413847164&a=214966864 We often speak -- half humorously -- of power bars, which are, of course those candy bars bicyclists eat.  In our nomenclature a power bar is a bar that…

Continue Reading Power Bars…Now that’s a power bar…

Skating (roller blading) on the razor’s edge…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p55455624798&a=266398464 Don't you understand?  The market is supposed to be asleep -- or on vacation.  All the real traders are in the Hamptons, and the Europeans are not making mischief…

Continue Reading Skating (roller blading) on the razor’s edge…

Words from the wise

Occasionally as we thrash about the web we see articles that strike us as worth reading.  We could steal the content but we'd have to turn in our Eagle Scout…

Continue Reading Words from the wise

Gold and silver break out. SPX turned back at resistance.

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=255869372 Gold and silver (not illustrated here) have broken out and we are placing long trades in these instruments. http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p70413847164&a=214966864 Meanwhile it appears that the SPX has been turned back…

Continue Reading Gold and silver break out. SPX turned back at resistance.

Potential breakaway…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p70413847164&a=214966864 For 8 days the market has been eating the shorts' lunch -- in the most demoralizing way possible -- a tiny bite at a time.  Today the market is…

Continue Reading Potential breakaway…