If you are a long term investor, like me, do not sell the Inauguration. Buy some more stuff. I'm going to. S&P 500 Index ETF (SPY) daily ​​​​​​​ SPY looks healthy and ready for another leg up. Buy some more. Set your risk at closes below 219 for new SPY shares. Remember... You can always get out. Sometimes you never get in. So, some interesting price action is going on... iShares India Index (INDA) weekly Price has popped off trend line support and has closed above 2 … [Read more...]

Powershares Tech ETF (QQQ) monthly QQQ, the ETF that tracks the Nasdaq 100 has made new all time closing highs today after breaking the high from 2000. More giddy up likely to follow. Continue to hold. Also, continue to hold XLK, the tech sector ETF. S&P 500 Index ETF (SPY) daily SPY, the ETF that tracks the S&P500 index, has been flagging over the past few weeks. See pretty purple flag I drew on the chart. Flagging is usually bullish. More giddy up. Continue to … [Read more...]

As we enter the 9th year of the current bull market from early 2009 there are no technical reasons that price won't continue higher. Breadth is good with all sectors contributing. Even with a current trailing PE multiple of almost 25 this Bull can go much higher. Pullbacks into SPY primary trend line support should be bought until this rising support level is violated. S&P 500 Index (SPY) daily ​​​ Giddy up. Reversion to the mean. I am a serial mean reversionator. I know … [Read more...]

SPDR's Select Sector Energy ETF (XLE) daily Opened 8-8-16. Currently up about 8%. Our first target remains $80. Continue to hold. iShares Dow Jones US Telecommunications Sector Index Fund ETF (IYZ) daily Opened 11-14-16. Currently up about 14%. If price can remain above $35 this could go much higher. Continue to hold. Post Holdings-WI (POST) daily Opened 11-22-16. Currently up about 8%. First target is $81.75. Continue to hold. Continue to hold all open … [Read more...]