2014 Views and Forecast

On January 15, 2014 By

General overview:  The most influential force of 2013 was the Federal Reserve. They not only impact the U.S. economy and trading markets but the world as well. I would say there has never been an unelected entity that has wielded more clout than we have seen in 2013.

That will change in 2014. History has [...]

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Pendulum Swing

On September 29, 2013 By

The early Monday morning saw the S&P without a friend. However the erosion was contained and a rescue push was orchestrated to offset price deterioration. The market had a very heavy look to it but as of yet has not fallen with the heaviness that it portrays. The bonds have been able to probe above132 even [...]

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Markets have a tendency to be influenced in different degrees. A person who has a sprained ankle is much more susceptible to an additional sprain situation than a completely healthy ankle. Similarly, the chronic or perhaps terminal health of the bond markets has raised rates. This is a contagion that will eventually spread to stocks. [...]

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Is the Market off the Juice?

On September 16, 2013 By

The slow methodical rally last Monday pushed through resistance areas like a bulldozer in low gear. Not a typical type of action for a bullish move but rather a typical manipulative action of massive computers. The bonds were actually in a divergence as they were in the plus column as well as stocks. They did not [...]

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The Whipsaw

On September 8, 2013 By

The holiday weekend showed that Syria is now a political tool. Congress is to vote on the situation rather than Obama taking the lead. It has delayed the process and the market responded with a holiday rally. However this influence will diminish as time goes forward. Therefore any rallies associated with Syria will probably be [...]

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Tape Action

On August 13, 2013 By

As of mid-week we still had not seen a 30 point down day which means the pressure is intense. It may take a catalyst for a true selling pressure to win over the manipulators. The bonds gave a big yawn last Wednesday at the 10 Year Auction. It is one of the most benign movements seen [...]

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Strong-arming Fibonacci

On August 4, 2013 By

The entire month of July had not had a 30 point decline in the S&P futures as of Monday. We closed on the first day of July at approximately 1606. The only way that a market can act the way this July has been, is by incredible manipulation. I personally do not understand why it [...]

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Lowering the Volume

On July 21, 2013 By

The beginning of our trading week was knocking on the door of 2013 highs in the S&P futures. The number of S&P contracts traded Monday represents less than 50% of normal average volume. We were into 15 days without a 30 point correction and I expected a sharp 1 to 2 day correction in the magnitude [...]

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