Trading is not like playing the slots. Oh sure, it can be if you have nothing strategic to fall back on. That’s why some call the slots, “one-arm bandits.” They can take your money fast! Everyone looks for ways to beat the odds. For example, in February, Business Insider posted an article with Feng Shui forecasts for 2018, this Year of the Brown Earth Dog. The CLSA Feng Shui Index stated that investors should stick
12-13th Century Chinese Arhat-one of 18-Enlightened Being. From the collection of Arnold Lieberman. Arhat, meaning “one who is worth,” has reached the state of Nirvana and is free of worldly cravings. Noted less for compassion and more for intense powers of spiritual concentration, Arhats are regarded as superheroes. So, who better to ask about the state of the market than a superhero, without compassion, who can intensely concentrate and cares little for worldly possessions? After all, asking
When a nest works out, birds will come back to the same spot to build a new one to lay their spring eggs. Our cactus wren did exactly that. 3 eggs sit among the prickly bits of the cactus. 3 eggs, safe and sound. Makes sense that after the weekend Daily featuring the love of the market “sealed with a kiss” between the Russell 2000 (IWM) and his kin, Transportation (IYT), that babies come next.
When I first took this photo, I focused on the kiss. Later, I discovered the drink and the cigarette in the groom’s hands. Then, I noticed the glass of bubbly in her hand. “I now pronounce you husband and wife, for better or for worse, including any vices.” Turns out though, this photo is for their wedding album, staged in Jamaica. A rehearsal so-to-speak. In the markets, many are focused on the Russell 2000 (IWM)
Although the Dow only traded as high as 24,828, today’s action suggests that the Dow could reach its terror level. Of course, blue chip stocks are fun, but not the most exciting index to watch from above. That distinction goes to our beloved Granddad Russell 2000 (IWM.) Today (and recently), more than proves that making IWM the head of the economic family is based on merit and not just on me having some poetic fun.
With one foot in the water, and the other on the sand, she reminds me of the current market. Get wet? Head for the lounge chair? Get dressed and call it a day? The phases in the indices are all bullish. One reason to jump in the water. Besides the Russell 2000, Semiconductors, Retail, Regional Banks and Transportation are also in bullish phases. The holdout sitting on the lounge chair is Biotechnology (IBB). IBB broke
Meet Bella and Raul. Yes, they are spoiled rotten. Yet, as I reached for my credit card at the gas station yesterday, to pay nearly 40% more than I did just a few months ago to fill my tank, they looked nervous. Statistically, people rarely stint on their pets, even during recessionary times. However, people will cut corners elsewhere when commuting gets expensive. This week, lots of brick and mortar retailers report earnings. The companies
“See these eyes so red Red like jungle burning bright Those who feel me near Pull the blinds and change their minds” David Bowie I woke up last Friday, with this song in my head. I cannot help but think about this 3rd (and maybe last) attempt for the market to gain legs on the back of Granddad Russell 2000 (IWM.) Corporate stock buybacks are the biggest players during this recent run. That, and hopefuls
I was recently interviewed by Real Vision (video below) where I describe why I like DDD’s long-term prospects. In this post, I look at the current technical condition. On April 30th, 2 days before 3D Systems reported earnings, I sat with Real Vision in their studio in NY and told them why I was recommending this stock. The 3D printing trend is in infancy. Presently, the military, NASA, Aviation companies, medical facilities, artists, homebuilders and
On April 23rd, I wrote a piece called, “Can Apple Bring the Market to One Love?” I ended the piece with “Therefore, an influencer like APPL, should it run after earnings, will help the market sing, Let’s Get Together and Feel Alright.” The Jamaican references come from our recent trip. So, here once again, is a photo of fruit vendors in Negril. The Jamaican apple is quite different than the ones grown in the U.S. They