October 19, 2014

“Learn as much as you can. Read and listen to experts, but keep a degree of healthy skepticism about everything.” — Dr. Alexander Elder   We had been on the lookout for a selling climax, a day in which market participants capitulate by throwing in the towel en masse. Preferably, such a session will begin with a panic-driven... [more]

October 12, 2014

  “I neither have nor adhere to an inflexible system. I modify my terms and conditions according to circumstances.” — Jesse Livermore   Prior to last week, we had been talking about being on the lookout for a positive test of a prior low by the Nasdaq as being the first step in the index putting in a durable bottom... [more]

October 5, 2014

“Character is higher than intellect.” –Ralph Waldo Emerson Despite Thursday’s morning reversal and Friday’s follow-through higher, shares remain in a 5% reaction without any accumulation days in four weeks. Leading stocks corroborate the behavior of the averages. Few growth titles set up. For intermediate-term speculators, or those seeking to hold... [more]

September 8, 2014

“Many of life’s failures are people who did not realize how close they were to success when they gave up.” –Thomas A. Edison From a standpoint of market health, we believe the most important names to watch are TSLA, FB, BIDU, TWTR, LNKD. These names are widely held by institutions, and not just any institutions, but institutions... [more]

September 1, 2014

“The best indicator I know is trend. The other good ones are trend and trend.” — Ed Seykota Shares give a good account of themselves. We are not concerned about the lax volume accompanying this three-week advance due to it occurring in August, the month that is most popular for vacations. ... [more]

June 8, 2014

“Many people think the object is to get out close to the top. They forget that the real object is to make money.” — Jeffrey Cooper Last week, shares were productive with the Nasdaq Composite stretching out of a three-day handle. Volume remains lax, though Thursday’s Naz turnover was the most in the prior 14... [more]

June 2, 2014

“When nothing seems to help, I go look at a stonecutter hammering away at his rock, perhaps a hundred times without as much as a crack showing in it. Yet at the hundred and first blow, it will split in two, and I know it was not that blow that did it, but all that had gone before.”                                                ... [more]

May 26, 2014

“Discipline is the bridge between goals and accomplishments.” — Currency trader The Nasdaq Composite put in a technically significant, if unheralded, pair of outings on Thursday and Friday. Thursday, the index printed a second higher high and Friday price cleared the top of a four-week trading range. ... [more]

May 21, 2014

“It is the change in the major trend that hurts most speculators.“ — Jesse Livermore The Nasdaq Composite is in a modest short-term uptrend that began on Tuesday of last week when the index printed a higher high to go with its higher low.     ... [more]

April 13, 2014

“It’s what you learn after you know it all that counts.” — John Wooden Of note last week was the character of the third rally since the Mar. 6 Nasdaq top. Whereas the first two rallies lasted four days each, last week’s rally lasted just two days before another round of selling kicked in. This is an objective sign that... [more]