Author Archives: Jason Kelly

After the torrid run higher in the market, I suggest setting trailing stops to guard profits. After yesterday’s 1.5% gain, the S&P; 500 sports a very overbought RSI of 75. Some points to bear in mind as we poke our heads into the stratosphere of overbought: The economy is not as good as the rising […]

Here in Japan, people are wondering where talk of recovery is coming from. The world’s second-largest economy just reported a 5.4% unemployment rate, its worst in six years. The total number of jobless in June grew 31% from a year earlier, to 3.5 million. Word on the street is that big companies massaged the books […]

Many people have written asking why The Kelly Letter hasn’t bought natural gas via UNG yet. The following June 21 article sent to subscribers, re-displayed here in its entirety, explains why. The addendum at the bottom shows what’s happened since we ran the article. Original June 21 Article sent to Kelly Letter subscribersWe’ve spent a […]

We’ve been watching Market Vectors Russia (RSX) since last August, and had a buy price target of $10 on it. Since we began watching, it fell from $40 in August to $10.34 in January when it barely missed our price target, rose to $26 at the beginning of this month, and closed last Friday at […]

Stephen Moore wrote in yesterday’s Political Diary: California Rep. Darrel Issa calls the Obama [administration’s] economic forecasts a “convenient vehicle for avoiding accountability.” Mr. Issa went over the numbers with me the other day. The stimulus plan was supposed to save 150,000 jobs in the first 100 days, but instead 2.3 million Americans have lost […]