Correction Looming??

Posted on Saturday, January 4th, 2014

What say yee in 2014? Thanks to Arthur Cashin and the Trader’s Almanac we can see that the first day of any year is not much of an indicator but the first five days have a very good track record. That is, if the market is higher. The track record of a down start is… read more.

Be Prepared

Posted on Saturday, December 21st, 2013

As the market rallies cracks are beginning to show in the internals of the market. Arthur Cashin points out this week that the old saw that the public (weak hands) control the market in the morning and the pros take control in the afternoon may be a glaring admission of a tempering of risk by… read more.

Ho- Ho – Ho and What’s Next in 2014

Posted on Saturday, December 14th, 2013

Is the Congressional Budget deal the news that the Fed has been waiting for to begin to taper their bond buying purchases? Dallas Federal Reserve Governor Richard Fisher has been out in front leading the charge that Congress is not doing enough to support the economy and that the Fed cannot go it alone. Pressure… read more.