Blog Archive

14588  on October 10, 2013.  16540 all time high 12/31/13.  Again we challenged at 16489 on 1/21– just 9 days ago….

That was a 1,952 point rally.

Yesterday’s low 15,643

That is a 897 point sell off over 7 trading days.

This  is a 4.5% correction which I rounded up to 5% for arguments sake.

The December low was 15,608.  I had resting orders do buy it down there that obviously didn’t get filled because we never traded there.

At this point, I’d be looking to buy dips, anticipating a pop back up to 15794 or 15987 or 16092.  Those upside targets represent 25,  38 […]

This is a weekly chart of DJH.
The Trend-line support was loudly trounced to day and the TV commentators are looking gloomy.
A 339 point drop in a day.
16489 to 15806  THAT is the interesting break. From the high Tuesday til Today’s low— That’s  4%.

Is a 4% correction from record highs,  really  something to light your hair on fire over?  I don’t believe so.

In October,  we traded down to 14,588.. On October 9th.    Every one knows that we had the 1929  market crash in October.

We […]

To all the bull’s dismay,  1850 remains a maginot line for the cash S&P.  the momemtum players couldn’t run the stops above, and now there are so many earnings coming out,  there’s bound to be enough bad news to send people to the sidelines on their longs.

There are two key trend-line in the Dow mini an S&P mini.  Look at the charts below.

YMH is trading at 16,118  currently,  […]

To all the bull’s dismay,  1850 remains a maginot line for the cash S&P.  the momemtum players couldn’t run the stops above, and now there are so many earnings coming out,  there’s bound to be enough bad news to send people to the sidelines on their longs.

There are two key trend-line in the Dow mini an S&P mini.  Look at the charts below.

YMH is trading at 16,118  currently,  […]

There is a decent trend-line to trade around in Dow futures. 16413 is today’s high.  Intersection comes in at 16,425.

There is probably 100 pts above and below the trade will try to explore.  16179 was the low yesterday and Monday.  That looked like a decent break to buy at the time (see below).

If you bought it,  move your stop up and forget about it.

I have no idea if we are going to scream to new highs.  Its a toss up.   There is a lot of […]

On December 16th we fell to 15,608,.  That was the Dow futures low for 2 months.  We rallied 16,540…. That’s 932 point swing in 11 trading days.  But we swung higher.
But drop 361 pts to today’s low and suddenly people re-act as if the 4 horse men just rode across the horizon.
This is a 38% pull back.   16,075 is half way back and would be a good place to buy it on a spec.
If that doesn’t hold, next stop is 16,000.

I like buying a […]

A lot can be said about the slew of data today.  Unemployment dropped percentage wise, but that doesn’t account for the  following ” December, the economy added only 74,000 jobs – not nearly enough to keep up with population growth –and 347,000 left the workforce. That means for every one job added, nearly 5 people left the workforce entirely. There are now nearly 92 million Americans outside the workforce, resulting in the lowest participation rate in 36 years.  The fact that the Dow held up in the fact of that news was impressive,  but if you stop and think about it,  the market has discounted […]

Below is a weekly Chart of “old-crop” corn.  CH14.  Its an ugly site if you were too bullish in 2013

Now the world has finally gotten bearish.  Is the herd really right this time?

Everyone has woken to the fact that we have large crops,  5 to 6 Billion  bushels of corn stored and un-priced by the American Farmer,  non-threatening weather in S.A  (Despite every doom and gloom global warming meteorologist out there)….   We do have temperature extremes.  Hottest temps in Australia for Summer;  Coldest temp on record here in […]