Investing and Trading News, with a Contrarian, Sarcastic Twist!
Further evidence this relief rally has a lot more to run? Hedge funds have a massive net short position on the S&P 500 – their largest since December 2008. Check out this chart! Hedge funds held a net short position of 71,980 short contracts at August 16, according to a monthly report on global asset […]
Camped out in my Long Beach hotel room (for my sister-in-law’s first wedding of the week…yes, wedding 1 of 2), I just caught Dennis Gartman on CNBC, giving is take on today’s bloodbath in the gold market: ”I pay great attention to something technicans call an outside reversal – that is, the market made an all-time […]
On the phone from Zurich – our boy, Marc Faber! He gives his buddy David Rosenberg some props for recommending Treasuries over the past two years. But Faber still prefers stocks to bonds – even though he thinks stocks will go down in real terms as well – because he sees limited upsides to bonds. […]
The markets presented quite the twist on Thursday, when the much anticipated relief rally got whacked in the face. Despite the hysterics and fear, though, US stocks did not break through their previous near term lows. If I were a betting/trading man (ha) – I may be tempted to take a short term flyer on […]
Here’s a rare, extended interview with Doug Casey. For regular Casey followers, there’s not too much new – he still likes gold, though is a bit uncomfortable recommending it at current prices, as he prefers to buy assets when they are dirt cheap. His advice on diversifying yourself internationally is always important for me to […]
Long-Term SELL Signals by Carl Swenlin, President and Founder, DecisionPoint.com A long-term sell signal is generated when the 50-EMA of a price index crosses down through the 200-EMA (generally known as the Death Cross). At Decision Point we don’t consider the long-term sell signal to be a demand for action. Rather it is a flag that […]
by Sy Harding Markets around the world plunged so dramatically after topping out at the end of April (the S&P 500 down 18%), that they became very oversold short-term, a condition that usually results in at least a short-term rally off the oversold condition, a so-called relief rally. And sure enough a relief rally did […]
Reading headline after headline panning the latest Europe sovereign debt salvation plan from Germany and France, you might be tempted to think that yields were breaking out to new highs. If so, you’d be wrong. For the time being, at least, the bond market appears to be relatively appeased. Since it’s likely that nobody really […]
One added treat of this stock market collapse? More Faber! Bloomberg got him on the horn once again at the end of last week – he chidingly applauded the Fed for not yet announcing QE3. Faber also believes Treasuries are a huge bubble, that “every responsible adult should own gold”, and that the technical setup […]
by Carl Swenlin, President and Founder, DecisionPoint.com The Percent Buy Index (PBI) has reached levels seen only at the bear market lows in 2002-2003 and 2009-2010, and we think it has very negative implications. At Decision Point we apply a medium-term timing model to all the stocks in the S&P 500 Index, and track the percentage […]
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