Wednesday, April 8, 2019 after close Broader market price action has unfolded almost exactly as I described two weeks ago on March 26th.. "The Dow proxy ETF (DIA) chart shows what a recovery would look like. I’m looking for price to hit overhead resistance (circle) soon and get slammed down (reflective) to around 210 where I would look for another reversal and leg up into a higher resistance level. Short term, I would like to see higher highs and higher lows until we get up around 250 w … [Read more...]

Sunday, March 29, 2020 The depth of the recent collapse requires a longer term perspective to look for price levels that would have the highest probability of supporting a bottoming of the Corona Crash. In situations like this we need to zoom out and look at historical data from a macro perspective as broader market equity prices have broken all support levels from 2017 forward. When examining very long term return data it is helpful to examine log scale charts to give us a clearer picture … [Read more...]

Day 14 of staycation on steroids and I emerged from my blanket fort later than normal. It wasn't until two hours later that I realized it wasn't Wednesday. That's when I knew I needed to get it together, put on my daytime Captain Kangaroo jammies and get to work on my "Green Light Red Light" game with Mr. Greenjeans. Broader Market Review We are having another big green day in the stock market. As I wrote on Monday night about the broad market indexes.. "If they do hold we can make a … [Read more...]

Monday, March 23rd after close Let me start by saying I don't know when the stock market will bottom. It is just too early to call an end to the disruption. But, the indiscriminate panic selling will eventually stop and create opportunities to buy quality stocks at prices we haven't seen in years. This could end up being a once in a lifetime event, in more ways than one. Patient, long term investors should be looking to get ahead of the recovery. While it is too early to digest the future … [Read more...]