Insights

Banks continue to do well as well as commodity related stocks like FCX. The overall market is only minimally higher after clawing its way back from an AM selloff initiated by lower European shares. Gold is up .67%. In the last few months it has been trading in line...

CNBC has a couple noteworthy stories today. The financial situation is so bad in Europe right now that banks are reluctant to lend to each other as they normally do. Instead, banks are getting their short-term loans from their customers - some of the world's largest...

For the last week the stock market has bumped its head on the same level (1280-85 on the S&P 500). On the other hand, it refuses to drop much. The longer this goes on the more pressure builds up to power a big move either up or down. The recent trend has been up and...

The 1280-1285 level on the S&P 500 has turned out to be formidable resistance. We shot up first thing Monday and have tread water all week - not sinking but not moving up either. My guess is that the level will be broken through and the markets will move higher but...

I just uploaded the January 2012 forecast issue to the web site. Look under Newsletters at the top of the page.

For the 3rd day in a row US stocks refused to give in to a selloff and bounced back. However, they have not yet managed to push up above the resistance at 1280-1285 on the S&P 500. Small stocks have been much more volatile and as has been the case for several months...

January's newsletter, which is a 2012 forecast issue is due out Thursday. I need to do some minor editing and re-read the monthly newsletter draft after setting it aside from a while. Then I run it past my wife for proof-reading and to make sure I am not talking over...

European markets sold off today after surging yesterday. US markets dropped in the AM but came back to finish flat. That's relative out-performance and is a good sign. Gold, oil and bonds were all up slightly. Right now there are converging trendlines - the...

For the 4th year in a row, markets were up sharply the first trading day of the year. It often continues for the 2nd trading day so look for more gains tomorrow, especially in the AM when European orders come in. Stocks were generally up 1.5% today. Gold was up 2.5%...

Stocks are higher today, not enough to make up for yesterday's drop. Yesterday was only the second down day in the last two weeks but hey you can't go up in a straight line. We have had our Santa Claus rally. We'll see what January holds. January and February are...