Froth.

This picture was published in the WSJ noting the sale of this immortal piece of art (Barret Newman) for $42M.  In the Journal, in black and white it was just…

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Bear attack finally happens, out of the blue — or red if you’re thinking of China

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p34555890157&a=214966864 The bear attack (the REAL bear attack) we have been talking about for a week or so started on the opening today and drew blood all day long.  Much…

Continue Reading Bear attack finally happens, out of the blue — or red if you’re thinking of China

Silver and gold have I none (but I got shorts)

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p34555890157&a=214966864 http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=4&mn=0&dy=0&id=p95004260755&a=268628424 In this comparison of peers the better picture of the market is the indu, and we think it better reflects the true state of the market.  The very…

Continue Reading Silver and gold have I none (but I got shorts)

Change of context…clown show over… for now.

http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=2&mn=0&dy=0&id=p88954422605&a=261274354 TLT is a bag full of technical events. First the long term trendline from July 11 is broken. Second, a toppy formation as defined by the horizontal line looks…

Continue Reading Change of context…clown show over… for now.