Santa Claus Rally?

  M A R K E T C O M M E N T December 4, 2011S&P 500: 1,244.28 “Show me a trend somewhere, anywhere, and I’ll play it.”— Gil Morales                 Perhaps the catalysts – a move by central banks to lower the cost of dollars and China’s move to ease – were... [more]

Holiday Humdrum

“When I went into the accounts more closely, I found I had the unenviable distinction of coming out of the greatest bull market in history with a lot of experience, a great amount of knowledge, much more confidence – and a net loss of $889.” — Nicholas Darvas, How I Made $2,000,000 In The Stock Market                  Last... [more]

A New Chapter?

“Stay positive, pal. Most people, when they lose, they whine, they quit. But you gotta be there for the turns. Everybody’s got good luck, everybody’s got bad luck. Don’t run when you lose, don’t whine when it hurts. It’s like the 1st grade, nobody likes a crybaby.”      –Gordon Gekko                  Last... [more]

Hanging In

“If you have an approach that makes money, then money management can make the difference between success and failure.”                     — Monroe Trout, Market Wizard                  Shares give a good account of themselves in light of the backdrop, only slightly less murky than that of... [more]

Biding Time

“If you cannot make money out of the leading active issues, you are not going to make money out of the stock market. That is where the action is and where the money is to be made.”                     — Jesse Livermore                 Shares backed and filled last week in response to the European... [more]

Yentervention

“A market that is fundamentally and technically poised to move higher is not going to reverse direction because of a news item – even a dramatic one.”                                  — Mark Weinstein, Market Wizard The chief technical development of recent weeks arrived Thursday in the form of institutions... [more]

The Sun Also Rises

“…let us be hard-boiled cynics, believing nothing but what the action of the market tells us. If we can determine the supply and demand which exists for stocks, we need not know anything else.”                     — Humphrey B. Neill, 1931 A market that had partially discounted a Euro version of Armageddon... [more]

The Vault

“Take a trade only when it is as obvious to you as your nose. Don’t try to catch every move. Let the trade come to you and slap you in the face and tell you ‘I am here, take me.”                     — Anonymous It is logical to expect shares to pause here and retrace part of the 16% jump since the Oct... [more]

Stop and Go

October 9, 2011 “What is important are not the events themselves – but the market’s reaction to those events.”                    — Bernard Baruch Shares act normally following Tuesday’s takeout of the August lows. The diminishing volume and reduced range of the past two sessions tell you... [more]

When the Music Stopped

“A man who carries a cat by the tail learns something he can learn in no other way.”                    –Mark Twain Market participants who decided to play the long game in the wake of the August lows scramble to find a seat now that the music has stopped. In our last report of Sept. 27, we sniffed at the three-day... [more]