Category Archives: Uncategorized

I’m pleased to offer with my compliments a reference sheet called “ETF Trading Clusters.” It’s a tool I use to trade around indexes based on the behavior of their 2x, 1x, -1x, and -2x vehicles. The financial sector, energy sector, Russell 1000, and Russell 2000 now include 3x and -3x ETFs as well. The beauty […]

It’s a good thing email inboxes can’t make noise. If they could, mine would be screaming so loudly that nearby companies would complain. “Where’s the darned rally?” would be the most commonly yelled question. “I thought markets were supposed to take a break after going in one direction for so long,” wrote one subscriber. “Don’t […]

Alas, the key support levels watched as a possible market bottom failed yesterday. They were: 850 S&P; 500 480 S&P; Midcap 400 450 Russell 2000 The three closed yesterday at: 807 S&P; 500 (5.1% below previous “bottom”) 452 S&P; Midcap 400 (5.8% below previous “bottom”) 412 Russell 2000 (8.4% below previous “bottom”) The news gets […]

Gee, seems like just last Thursday I was writing about the market being back at bottom. Oh, that’s right. It was. Well, we’re back there again. I wrote to subscribers last Friday: The S&P; 500 bounced solidly off the 850-ish level twice, the first time from Oct. 27’s close at 849 and the second time […]

This is the big week for deciding whether to bail out American auto companies. The media’s point-counterpoint delivery has oversimplified the discussion into these two camps: Chrysler, Ford, and General Motors are too big to fail because their collapse would leave millions of Americans unemployed. Bailing the companies out with taxpayer dollars will be cheaper […]