A Wobble?

Posted on Sunday, October 28th, 2018

We thought that there could be more selling in store and, unfortunately, we were right. We saw that a break below the 200 DMA would set off the selling programs from quant funds and momentum players. The machines are still in charge here. It all seems quite calm and structured. In fact, the whole process… read more.

H.A.L.

Posted on Sunday, October 21st, 2018

Homebuilders and autos tend to lead in the late cycle period. They also tend to peak prior to the end of hiking cycle such as the one we are in. They have been taking it on the chin as Mercedes and BMW reported horrible numbers last week and the Homebuilders ETF is down 18% in… read more.

Chill in the Air

Posted on Sunday, October 14th, 2018

God, I love Fall. There is a Chill in the air, college football on television and the stock market gets really interesting. A chill wind blew through the markets this week. If you read our Quarterly Letter last week you know that we said that the selloff could come at any moment and come quickly.… read more.