may13 – Technical Analysis of Stock Trends

The purpose(s) of Wall Street…

Post author:WHC Bassetti
Post published:May 30, 2013
Post category:Letters
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Wall Street of course is a giant risk sharing, capital financing engine -- the beating heart of capitalism. That is one of its purposes. Aside from that one of its…

Nothing much…

Post author:WHC Bassetti
Post published:May 25, 2013
Post category:Letters
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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p88150915824&a=214966864 It might seem strange to regard the week as not much -- especially when the SPX transversed 38 points on Wednesday and the Nikkei took a 6% dive. How…

Welcome to the roller coaster.

Post author:WHC Bassetti
Post published:May 22, 2013
Post category:Letters
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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p88150915824&a=214966864 Think the market is sure of itself? Think again. Today in conversation with Congress Bernanke hemmed and hawed when asked if he would tighten policy by Labor Day. The…

Froth.

Post author:WHC Bassetti
Post published:May 18, 2013
Post category:Letters
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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…

If this is not a confirmation, what is?

Post author:WHC Bassetti
Post published:May 15, 2013
Post category:Letters
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Tuesday, lucky Tuesday. The markets took off today in what is an apparent confirmation of what we have been saying -- the bull market is on. (Don't get too happy…

Noted technical analyst WHC Bassetti has over 40 years’ experience in the financial markets and is Malcom S.M. Watts III Adjunct Professor of Finance and Economics at Golden Gate University. He is editor of the Tenth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.

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