Counting with Doug: Financing a trip to Lake Tahoe solely with blackjack winnings?

Market Recap

Stairway to heaven

In Market Recap on 17 March 2010 with no comments

With Fed Day behind us and St. Patrick’s Day upon us, the market just keeps melting up as this blog is almost ready to go to live trading on March 19th. The folks at Bespoke Investment Group have unearthed the nugget that the S & P 500 tracking fund SPY hit an alltime record for […]

Looking at the long term

In Market Recap on 16 March 2010 with no comments

Waiting on the fed to do nothing, with the market at resistance levels, I thought I’d take a little longer look. If you buy into the theory, suggested by this trendline, that we broke through the downtrend last fall, how long until we test the line again, somewhere near SPX 1000?

The Stock Market is toying with our minds!

In Market Recap on 13 March 2010 with no comments

Well, at least the S & P 500 is. With everyone watching the 1150 level, the market closes for the week at, ahem, 1149.99: The overbought RSI(2) has me generally bearish, but it has stayed that way for what feels like weeks now. As a matter of fact it has been two full weeks, plus […]

Test of the top?

In Market Recap on 10 March 2010 with no comments

Before I can place any trades, I’m going to have to take the temperature of the market. obviously things will have changed by opening day (March 19th), but it is never to early to start getting a handle on things. The main question I have after today’s action is whether the brief spike up to Feb./March […]