“I Hear Voices…” (QQQ,TYL)

“I Hear Voices…” (QQQ,TYL)   There’s different kinds of insanity.  There’s the psychotic kind that no one likes to talk about, except when it exits the world, as Charles Manson did just weeks ago.   There’s also the less dangerous but far more common ‘dementia’ that strikes far too many good souls in their later years.   Then there’s a host of other illnesses for which both prescription meds and the ‘talking cure’ have been administered, with more or less success, for decades.   Schizoid Market   Schizophrenia is one of those illnesses, and it’s also what first pops to mind when we consider the current state of the stock market.  For how could it…

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“Caution! Disaster! Markets on the Rise!” (TYL,SCHL)

“Caution! Disaster! Markets on the Rise!”  (TYL,SCHL)   Say it over and over again, mantra-like, because it appears that no breakwater exists to contain the ongoing tsunami of buying we see in equity markets worldwide.   Half of the planet’s biggest 35 indexes have set new record highs in 2017, the most since 2007, the year before a global meltdown wiped 50% off the value of the Dow, and other markets.   And the question is, can it continue? The Dow has already logged better than 60 record highs year-to-date (the most since 1995), and we still have a full month to go before the book is closed.   On the economic front, there’s a…

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Breaking Bulletin Bids Buyers Beware! (GWW,TYL,AOBC,FB,TSLA)

Breaking Bulletin Bids Buyers Beware! (GWW,TYL,AOBC,FB,TSLA)   This just in – earlier this week, one of our key indicators flashed a supernova warning.  It was our own ‘Volatility Compression’ marker, which we discussed at length only six weeks back in our Buy Everything Now! missive, a letter we’re sure you’ll agree both enthralled and captivated. In any event, the VIX (along with two other, equally important market readings) offered us what might best be described as a high probability pullback signal.   No, we’re not headed for the woodshed, and we’re not placing calls to next of kin.  But we are issuing a fitting warning that we could experience a short, sharp pullback (at least)…

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The NASDAQ Gets a Wedgie (QQQ,FCX,TYL)

A quick look at the financial press indicates that the Fed has now moved unequivocally beyond the political.   Rather, it has become perfectly presidentially partisan.   And how’s that?   Consider: the U.S. central bank laid out clear, ongoing guidelines that indicated at precisely what hour it was prepared to raise interest rates.  That hour arrived with the latest Federal Open Market Committee meeting (an unbelievably ironic moniker for what these people actually do) yesterday, and what happened?   In a move that shocked only the naïve, the Yellen Gang decided that they would “wait for further evidence of continued progress toward [their] objectives”. Translation – the case for higher rates is already upon…

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Diversions! Distractions! Shell Games and Worry! (C,FAS,TYL)

We’ve got one trade to report before we move to this week’s business, and it goes like this –   The trade was opened on the 30th of June in a letter which featured Tyler Technologies (NYSE:TYL).  It was called July Rant, and it urged you to sell the TYL July 170 CALL for $1.70 and buy the TYL September 170 CALL for $8.70.  Total debit on the trade was $7.00.   Now, it’s never advisable to engage in braggadocio, particularly in this business, where you’re bupkus and spat upon if your last trade was a dud.   Fortunately, we’re specialists in ‘last trade success’ (and equally competent in the braggart department), so we offer…

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July Rant (TYL)

There’s an unwritten, iron-clad law of politics that goes like this –   You step too far from the status quo… and you risk your neck.   Now, we’re talking politics here, so it doesn’t hold for the guy you knew in high school, who showed up occasionally to class with a cape.  He was eccentric.  Okay.  He was looking for girls.  Fine.  People called him goofy.  But no one was going to kill him.   In the political arena, it’s different.  There, assassination comes quickly to those who favor the bold.   No one wants the bold.   And anyone who dares step out of line to upend the apple cart, where the fruit…

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Call a Freakin’ Doctor! (NFLX,FB,TYL,MSFT)

Just a few reminders…   Back in the fall of 2008, when the indexes were almost at their bear market lows, and the situation looked as dire as it’s ever been, we saw an unprecedented government intervention and knew immediately that the markets would be buoyed and eventually lifted to new highs.   We repeated our claim numerous times in the months that followed, and those who heeded the call when the market was off nearly 50% from its peak are today sitting in the lap of luxury, not owing a penny in debt, howling like the pack of mother-stuffing money badgers that they are!   And today, we’ve come full circle.   We’re now…

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The Changing of the Guard (TYL,FB,FXI)

It was a pleasant, sunny day back in September that we issued you, our dear readers, a challenge for year’s end.   The letter was called A Challenge to the People, and in it we asked to know where y’all saw things ending up – everything from the S&P 500 to oil to the dollar to the World Series. For whatever you had the prognosticating acumen, we challenged you to step forth.   And we, too, offered closing projections for 2015 at that time.   Here’s how we made out. The Final Tally: from Hugh L. O’Haynew – Investment Icon/Show-Biz Impresario/Financial Wunderkind DJIA At the time, everything had just fallen slap-ass lower, so there was…

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Chilled by the Weather, Warmed by Hope (TYL,DIA,IYT)

Today we’re going to look at four trades – one that closed, one that needs closing, a third that should be reinstated (but in the opposite direction) and a fourth that has great prospects.   You, of course, should feel free to partake in this Xmas profit madness with as many platefuls as you deem appropriate. And remember you can always start that diet after the holidays.   Let’s start with what has passed.   On the 24th of November, in a letter called Go Suck on a Fish, we opened a short straddle on Tyler Technologies (NYSE:TYL). We sold the TYL December 170 PUT and CALL for a total credit of $995.   And…

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Go Suck on a Fish! (TYL,FXI,TSLA,QQQ,EPI,KSS,FAS,TD,IYF,RSX)

Oh, my! Is that any way to talk?   Life, as you know, is not a bowl of cherries. You can’t have your entertainment and your fine foods and your night on the town every day – no, sir. There are times when the drudgery of life takes precedence over its more inspiring moments, and suck as it may, there’s simply no getting around it.   We relate the foregoing because today’s letter is going to be a slight departure from the norm, composed as it is of a simple listing of former trades and their results or advice to close or otherwise repair them.   We apologize in advance for the tedium, and we’ll…

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