My model is telegraphing a trading top for this week. Unfortunately, the weight of the evidence is confirming my model with the large capitalization stocks in “blow-off” mode, while the small/mid-caps are not confirming the upside. Meanwhile, sentiment is too bullish...
Friday was one of the worst breadth days in history for such a good day. Since 1940, there have been 560 days when the S&P 500 rallied at least 1% to a two-month high. Of those, 553 days showed more than 60% of NYSE...
On Wednesday of this week (10/21/15), residents of Hill Valley, California are warned to be on the lookout for a flying DeLorean driven by a guy in a white lab coat with crazy hair, and a squeaky-voiced “teen” wearing several...
In last Thursday’s Morning Tack, Jeff Saut referenced an opinion piece onMarketWatch that was essentially the literary equivalent of someone shooing away a stray dog. The author scoffed at the recent Dow Theory...
Sitting at my perch I receive a lot of emails. Most of them are pleasant, insightful, or inquisitive, but a few times a week I get a vitriolic email like the aforementioned one from an individual investor. Usually when I receive...
Sep 29 – Jeffrey Saut, Chief Investment Strategist for Raymond James, says that a Dow Theory sell signal occurred on August 25th, as also occurred in September of 1999 and November of 2007. He is hoping that this one will prove false, but if the market breaks...
For the College Humor Magazine I submitted a collection of many ‘laws’ and other items, including my College Course Descriptions: 1) If it’s green, wiggles or slithers, it’s biology; 2) If it stinks, it’s probably chemistry...
I used to love watching the History Channel. Back in the good ole days (which actually weren’t too long ago), it would feature real historical content like documentaries, mini-series, and regular programs dedicated to...
Jun 19 – Jim welcomes Jeffrey Saut, Chief Investment Strategist at Raymond James Financial. Jeff and Jim discuss the widely anticipated rate hike by the Federal Reserve, and when Jeff expects it to occur. He notes that Fed Chair...
I always look forward to reading Frederick “Shad” Rowe’s monthly investment letter to his partners. Shad founded Greenbrier Partners, Ltd. In 1985 and has captained the investment fund ever since. He is known as one of...
My father first introduced me to Justin Mamis’ work by giving me a few of the books he had written like When to Sell: Inside Strategies for Stock-Market Profits, How to Buy: An Insider’s Guide to Making Money in...
The S&P 500 (SPX/2122.73) has basically been locked in a trading range between 2040 and 2100 since early February of this year. Some technical analysts term the subsequent chart pattern a wedge and others call it a rising wedge.
Spring has definitely sprung here in Florida as pollen is in the air and raindrops fall on my tin roof with the sound of golf balls. “Tra la! It's May! The lusty month of May! That lovely month when ev'ryone goes blissfully astray...
Penalty kicks are a critical time of decision making for both the goal keeper and the penalty taker. Given that, for most professional games, the average number of goals scored is around 2.5, a penalty kick can have a major influence on the outcome of a match.
Most of you know I spend my days gathering “thin reeds” and try to weave them into a favorable “investment bouquet.” As Yogi Berra said, “You can observe a lot by just watchin’!” To this point, about a month ago I wrote...
Mar 19 – Jim welcomes back Jeffrey Saut, Chief Investment Strategist at Raymond James Financial. Jeff mentions how Mr. Market can be very emotional, and so far this year the wild swings have given us a manic depressive market.
I stopped my rental car in the middle of a cluster of giant sequoia trees while driving to one of my speaking engagements in northern California last week. I have always been overwhelmed with these beautiful “beasts” and...
It’s that time of year again when the media is abuzz with that old stock market saying, “so goes January, so goes the year.” With the D-J Industrial Average (INDU/17164.95) off by 3.69% for the month of January...
In the past missives I have written about the real reason the Saudis have “leaned” on the price of crude oil. It began last summer when Saudi Prince Bandar bin Sultan, Director General of the Saudi Intelligence Agency, went to...
Jan 21 – Jim welcomes back Jeffrey Saut, Chief Investment Strategist at Raymond James Financial. Jeff and Jim discuss the outlook for the new year, and Jeff sees Fed policy on interest rates as...
