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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Pivot on a pfennig…maybe

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p45656388815&a=266398464 After quite some contemplation and analysis we concluded that  the down wave is over -- for the moment at least.  How long "over" lasts is now the question.  Could…

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Paranoid market on a hot tin roof…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 While we wait for the market to confirm the breakout of 2000 it would be interesting to assess the present state of the market.  Paranoid cat on a hot…

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Froth and silliness…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Haji  Baba worth $160 B?  Beats worth $3 B (beats us --also rational analysis)? Whatsapp worth $3 B?  Really?  This and similar silliness all over the market make one…

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Breakout day.

  http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=1&mn=0&dy=0&id=p71514206946&a=350515648 Obviously we are having a breakout day with the SPX up -- at one point -- 17 points.  The Dow up about 150.  We joined the buying panic…

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