“Well we got off easy with the Dow closing down ‘only’ 600 points. “So does this change my sell recommendation? No, it does not. If we have a global recession coming, I just don’t see the US economy being strong enough to pull everybody else out of it, rather I see them pulling us down […]
Author Archives: Jason Kelly
Moraif: Reached Sell Trigger
“Well, I actually didn’t think it was possible to reach our sell trigger today but we did. Therefore, it is now time to sell. … “Our strategy is not perfect and those of you that have been following me for a long time know that our strategy predicts bear markets but it also predicts bear […]
McClellan: Stocks Set for ‘Ugly Decline’
“McClellan said his timing models suggest ‘THE’ top in stocks will be hit some time over the next week. He expects ‘nothing good for the bulls for the rest of the year,’ he said in a phone interview with MarketWatch. “McClellan doesn’t have a strong view on how far stocks could fall, just that it […]
The Participant 8/20/15: Shipping & Oil
THE PARTICIPANT by Jason Kelly Thursday, August 20, 2015 ___________________________________ SHIPPING & OIL Consensus holds that the global economy is in trouble. For a front-line look, let’s turn to shipping companies. They move goods around the planet and are therefore directly affected by supply and demand. How have they fared recently? What are they saying? […]
The Participant 8/12/15: China’s Devaluation
THE PARTICIPANT by Jason Kelly Wednesday, August 12, 2015 ___________________________________ A CURRENCY SIGNAL FROM CHINA China’s currency devaluation is being presented as a critically important story, even more important than if and when the Federal Reserve will raise interest rates. Yet, the yuan was devalued by only 2%. Those most concerned about this say deflation […]
