Out With the Old… (DIA,XRT,PIR,FIT,SLV,XBI,XLE,GS,UIS,SIRI,RSX,QQQ)

Out With the Old… (DIA,XRT,PIR,FIT,SLV,XBI,XLE,GS,UIS,SIRI,RSX,QQQ)   The local authorities in my city have just notified me that my newborn son’s name is  not acceptable to them, and that I’m going to have to change it.   If ever there were a case of government overreach, this is it.   They’ve informed me that in order to keep the moniker that I’ve longed to give him, I’ll have to go to the courthouse on my own time and at my own expense to have the child’s name officially registered before a judge.   If, of course, the judge agrees. In this day and I age, there’s no shortage of asininity in the world.  I can be…

Read More

Finding Greatness in Junk (HYG,AMZN,XRT)

Finding Greatness in Junk (HYG,AMZN,XRT)   You don’t find too many great men these days.  Our guess is that there were a lot more at one time.   That’s not to say that there aren’t a lot of rich men, or powerful or influential men.  There are plenty of those.  There are a great many intelligent men, too.  And a whole cadre of those who possess abundant stores of knowledge and know-how in this field or that…   But greatness?   To our mind, greatness doesn’t reside in amassing fortunes or achieving military victories in far-flung lands, or in getting re-elected for a thirty-third term.  There’s a great deal to be said, of course, for…

Read More

Pin the Retail Donkey (AMZN,XRT,HD)

Pin the Retail Donkey (AMZN,XRT,HD)   We’re going to step out on a limb today and encourage you to consider the retail sales trade that we’re proffering hereunder.   It’s not an easy thing to buck the trend at a time when big name sellers are closing at their fastest pace ever all across this land, when companies like JC Penney and Macy’s and Sears are facing what could be their final breaths, and when traffic at malls across America appears to be drying up like a pack of seals stuck in a Saharan sirocco. Whither the American Shopper…?   There’s no question that online sales are taking a bite out of the bricks and…

Read More

What Tuesday Wrought (SPY,XRT)

What Tuesday Wrought (SPY,XRT)   Could it be…?   Has it happened…?   Are we now entering the post-Trump corrective phase…?   And will it presage a thoroughgoing purge of the market bulls…?   Are we now at THE crossroads?  The end of the line?  The selling moment par excellence?   IS IT ALL DOWNHILL FROM HERE!?   Read on, friends… and avail yourselves of any medications you may require to see yourself through, because the next fifteen minutes of your life could be positively thermo-pneumatic!  And we take no responsibility for any seizures or crying fits, be they large or small. Let’s look at the daily chart of the S&P 500 since it offers…

Read More

Who’s the Genius? (XRT)

That’s right, friends!   Hugh’s the genius!   Earlier this week, fellow Normandy scribbler Hugh L. O’Haynew offered a downright genius call on the transports that not only nailed it in the following trading session, but now sets us up for an upside equity breakout that he also advised was forthcoming.   SOUND THE TRUMPETS!   RING THE MERRY BELLS OF REDEMPTION   All hail.  All hail!  GLORY, GLORY HALLEL-HUGH-YA! Love that knee bandage, sister.   Anyway, we note that Hugh’s call was all the more prescient for coming on a day and at a time when the rest of the market did PRECISELY NOTHING!   Fast asleep, friends.   That’s correct.  The transport breakout…

Read More

The Undecided Market (DIA,WMT,XRT)

It always used to puzzle us, how voters could be ‘undecided’ going into an election.  How they could say, ‘we’re going to wait and see how the debate turns out’, or ‘we’re not sure how our interests are going to be served under an enter name here presidency’.   What the sheet!?   How could someone be ‘undecided’?  For the last half century at least the policy differences between the two parties has been stark.  What the hell could a person want to wait for?  To see who dresses nicer?  Who has more wit or panache?  Whose stage manner is superior?  Again, what the freakin’ sheet!?   Undecided voters, we came to understand, were simply…

Read More

Who Woulda Figured? A Retail-Tech Connection (WMT,XRT)

Let’s take stock of the damage in equity markets thus far.   As we write, the S&P 500 is off its highs some 9%, the NASDAQ almost 12%, and the DOW is down 10%.   Those numbers aren’t encouraging, certainly, but when matched against the performance in China (– 40%) or the emerging markets overall (– 31%), they’re but spit on the sidewalk.   What’s worrisome, of course, is that globally the general trend of the markets is down. In what’s termed by technicians the ‘law of commonality’, we could shortly be witness to a pile-on effect, whereby everyone who hasn’t sold simply does because his neighbor has.   And if that, indeed, happens, we…

Read More

Powered by WishList Member - Membership Software