Bubba’s Take »
When to Go Long and Short: My Stock Market Traffic Signal
Mutual fund gurus like to argue that it’s impossible to time the market. My experience tells me that they’re wrong, because over the last 15 years or so I’ve developed a method that has
Read More »S & P 500 September Contract
Overall the near term ‘double top’ at 1098.00/98.50 retains this downward focus on the 50% area at 1065 and the old low of 1066.25. A close below 1062 remains key to opening the way
Read More »S & P 500 September Contract
A near term ‘double top’ has formed on the daily chart at the 1098.00/98.50 area retaining this downward focus. Only by breaking that key area will this market move higher over the intermediate term.
Read More »S & P 500 September Contract
This major market index remains locked in a wide sideways trading range. But the fact that a lower high might have developed gives the odds to the bears over the near term. The market
Read More »S&P Daily – September contract
The inability of this market to close back above the 1192/94 area will continue the downward pressure on the 1170/68 support zone adding to the scenario of at least a near term top on
Read More »S&P Daily – September contract
Yet another wide range downside day suggests that at least a near term top is in placeon the daily chart. This retains the wide trading range that now must see the bulls closeback above
Read More »S&P Daily – September contract
Despite another wide range swinging day this market remains inside of its congestion zone. A close above 1122 would steady this market within this crazy range and allow for more upward pressure on the
Read More »SB sentiment falls, productivity dips
The Labor Department reported today that productivity dropped at an annual rate of 0.9% during the April-to-June quarter. This drop in productivity was the first drop in more than a year after having produced
Read More »S&P Daily – September contract
Friday’s wide range volatile swings avoided forming a minor top with the rally from the 1103.75 low into the 1120 closing area. This recovery continues the sideways trade below the increasingly important 1124/28 weekly
Read More »Wheat can only go higher!
On Friday August 6 the headlines of the WSJ blared that “Russian Export Ban Raises Global Food Fears” “Wheat rises 8.3% As Putin Extends Move to Year-End. The article further commented on the importing
Read More »
