Mar 11 2010
1. Wow it sucks if you’re a bear. I’m glad I’m not trading.
The S&P 500 is now comfortably above the bear market trendline. If you’re a bear, the only thing you can hang your hat on at this point is a double top possibility but I wouldn’t count on that since that would be way [...]
Mar 01 2010
I’m so glad I’m not screwing around in this market.
Up over the 50 MA, the presumption is that the market is going to go after the bear market trendline again.
This market just doesn’t want to die, does it? Bah.
Feb 27 2010
If you read my blog, you know I hate bankers because the bankers of this world are truly the ones who are in power.
Give me control of a nation’s money supply, and I care not who makes its laws.
-Mayer Amschel Rothschild
If you haven’t noticed already, a small number of bankers not only control the money [...]
Feb 18 2010
5 min chart
Daily
81 was supposedly the last area of significant resistance. We also have a 50 MA/200 MA cross on deck if that means anything to you. I’ll be buying more Treasuries tomorrow. I’d gladly take 3.8% for 10 years.
The move supposedly came on this news release.
If you plan on going long equities for a [...]
Feb 10 2010
The megaphone on the S&P 500 last mentioned last week is still holding up.
And the big thick line is of course the bear market trendline.
Today I scaled into intermediate term and long term treasuries with some of the proceeds from the TIPS sale yesterday and last week. When this megaphone pattern breaks to the downside, [...]
Feb 09 2010
I am dumping the entire TIPS position today. Rather than waiting to get out when it falls too far or when it rises to a better price, I am simply pulling the entire position now. With this sale, a full 50% of my retirement account will be in cash. I will deploy this cash when [...]
Feb 06 2010
On Friday I dumped 30% of my inflation protected securities in my retirement account. Below is the dividend adjusted chart of the mutual fund I sold.
The move seems to be getting tired so I sold off 30% of the position. I can’t complain about getting 30% out within 1% of the high. If the stock [...]
Feb 04 2010
Big drop, a pause, a rally…then BAM! And everyone is offsides.
Things to note:
1. Unemployment report tomorrow morning.
2. Slope of 50 MA is now negative.
3. I ain’t touching this crap in either direction. Waaay too dangerous. I just want to graduate.
Meanwhile, the USD index continues to go higher. At this very minute, the USD index is [...]
Feb 01 2010
Remember the $400 tax credit in the American Recovery and Reinvestment Act of 2009?
IT ISN’T A TAX CREDIT!
The only thing it does is it reduces your payroll withholdings by $400 for the year, but on tax day you need to pay back the $400. Wow, great way to screw people over.
Yeah, and I just found [...]
Jan 30 2010
Game over. Why am I happy about this? This is why. That currency hedge was 20% of my net worth. Selling foreign currencies near the bottom for the US dollar = good exit. 10% win over 2 years, not the greatest, but I’ll gladly take it.
Up and away it goes. If you believe in [...]