Sullivan's my kind of guy. He has the requisite background (bolded below) to be publishing opinions about the market that deserve consideration.
http://tinyurl.com/3ljbxfw
'Dan Sullivan has been publishing The Chartist since 1969. He’s a former bartender who first got interested in efficient markets when making a systematic study of betting on horse races. He concluded that the stock market was a better prospect, because the track takes 15% of[f] the top.
'All by himself, he discovered the technique of “relative strength” — basically, the idea that certain stocks are systematically stronger than the market — which has subsequently turned out the be one of the so-called “popular anomalies,” or exceptions to the Efficient Market dogma that dominated academic finance when he was starting up. Sullivan applies a proprietorial variant of the technique both to stock selection and to the overall market — plus a dash of hard-earned experience.
'Sullivan’s results are solid, and at various points over the past four decades have been very strong indeed.'
Heard about and is reason for today's strength, let's see it take out the 89.
ReplyDeleteTailsman hitting the skids here, some.
I see Congress wants a fight.
ReplyDeleteCertainly the LT trend lines off the 09 lows are solidly intact on the SPX and NDX. The problem is by the time this trned reveals itself to be broken, you portfolio will be gutted. Personally, I prefer not to let them get into my capital and will gladly give up price appreciation as the price to pay.
ReplyDelete2nd, you get out of jail? Jailbreak!
Sun-tzu- If you're going to fight, pick a battle you can win.
ReplyDeleteOr something like that.
Eh, trend and your portfolio
ReplyDeleteexited GMO, small gain
ReplyDeletet3d- If you've watched 'Law Abiding Citizen,' you'll understand what it means when I say I'm in here by choice.
ReplyDeletehttp://movies.yahoo.com/movie/1810029276/info
Even if Sun-tzu never said anything like that, we all learned that lesson in grade school.
ReplyDeleteCongress needs to suck it up.
ReplyDeleteIf only I didn't lay into my trades today with some real weight.
ReplyDeleteIn addition to my tiny SPY puts position, I also bought a measly 1k shares of MITK at $8.96.
Also, I sold those SPY puts at $3.9 that I bought at $2.83. Being short is kinda cool, not the Majesco Entertainment kind of COOL.
ummm that should say if only I "DID" lay into my trades with some real weight. I'm now about 3% at risk, 97% cash.
ReplyDeleteYeah, just ask Danny DeVito. Have you seen his performance in 'Hoffa?' Just amazing.
ReplyDeleteIMAX - Oh jeeze am I glad I wasn't involved in today's pooch screw there! What the hell, are there still really traders trying to price in 3D these days? Say it ain't so! 3D is just an over engineered, too complicated to enjoy concept that fails every time they drag it out of the closet once a decade.
ReplyDeleteMt interest in IMAX has absolutely nothing to do with 3D, it's all about their attachment to global market growth and their digital media system that's gonna chop their costs dramatically.
All I can say is, DAMN!
S&P - May 1st head? Aren't we already over the time limit for the right shoulder? Is nobody gonna take a shot at Congress reaching a debt ceiling deal? Just think about what happens if they don't it wouldn't be much of a career enhancer...
ReplyDeleteThen again everyone hates them by now anyway, right? I'm getting the feeling this is a shakeout prior to leaving everyone in the dust, though.
Debt Crisis Index (DCI) moved from 116.6 to 136.6 as of yesterday's close.
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