Author Archives: Jason Kelly

We here at The Kelly Letter have been buying into weakness, such as what we saw yesterday. That’s not the only take on this market, though. In the interest of offering a well-rounded view, here’s a different perspective from frequent site contributor Dave Van Knapp of SensibleStocks.com, sent to his readers on Tuesday night: Have […]

The New York Times has done a great job following the troubles in the economy. Its credit crisis indicators interactive page is a handy way to keep tabs on the freezing and — let’s all hope — thawing of credit markets. Here’s what it showed yesterday: 3-Mo Treasury Yield is RISING: 1.07%, up from nearly […]

Here’s what point & figure charts say about the current market: Dow: NEUTRAL S&P; 500: BEARISH Oct. 17 long tail up S&P; Midcap 400: NEUTRAL S&P; Smallcap 600: NEUTRAL Russell 2000: NEUTRAL Nasdaq: NEUTRAL Nasdaq 100: NEUTRAL That should clear things up for you.

Bill Fleckenstein wrote this morning: For the longest time, I suggested that the economy was going to hit the wall at some point. I believe that’s what is now happening. To give you an example of what that might look like (though I don’t often pay much attention to all those Fed surveys), this month’s […]

Yesterday’s technical look at ProShares Ultra Financials (UYG) didn’t help much, as it showed a slightly bullish bias going into a day that saw the market sell off again to the tune of -9% for the S&P; 500. It’s important to distinguish your time frames when trying to profit from this market. If you’re looking […]