Indeud. Brother Jake has been a printing press (pun intended) for all of you fanboys out there. I believe he deserves a shout out for his acumen.  Basically, investments along side him in $SLW, $ANV and $RGLD will soon see you upgrade your diet from nightly feasts on Ramen Noodles to walking into Le Cirque [...]

Market Summary
The $SPX rose 0.17% today to close at 1140, as we experienced another broadly flattish day of consolidation.  Certain underlying stocks saw some volatile swings today, and the marquee business in the world, $AAPL, broke out to all time highs. However, the overall market remains frothy and plagued by low volume.  The chart above [...]

Laying Off the Action
Any time you are wagering on an outcome that has yet to be determined, you are gambling.  Often times, when you decide to gamble, your mind is made up and you make the commitment.  For example, if you play poker or blackjack for a living, you drive to the casino most days [...]

While in Las Vegas last week, I saw and heard conflicting evidence of the state of the economy.  On the one hand, I heard the real estate market is catching a bid, as a married couple I know with sound finances got outbid in several instances on a couple of houses.  On the other hand, [...]

“Do you chop?” Is a common question often heard in a Texas Hold ‘em cash poker game.  The question arises within the context of when all of the players who have the option to call, raise or fold all choose to fold their two hole cards before the community cards are dealt.  The action then [...]

The $SPX dropped 1.21% to close at 1094 as the market closed literally one cent below the 100 day moving average. Obviously, the 50 day m.a. at 1108– sloping downward– proved to be tough resistance. Thus, we are left in a choppy, frustrating environment where neither bulls nor bears can afford to have much conviction that [...]

The $SPX closed down 0.10% today to 1108 in what proved to be an overall boring session.  After the sharp move up we had last week, you would have thought there would be more aggressive profit taking and shorting today.  However, after the morning gap up was faded, the bears had very little initiative. I view [...]

The market is boring, choppy and benignly pulling back today as the $SPX is down 0.10% to 1108. The bears are as frustrated as can be, as they have had every opportunity to break this market over the past month.  However, each time it looks as though we are falling off a a cliff, such [...]

If you are one of those people who insists on waking up every morning and arguing with the market to illustrate your superior intelligence by being a contrarian, do yourself a favor and save your money. Instead, buy an oversized French beret and wander down to the nearest cafe on a college campus and engage [...]

 
The market finished the week with the $SPX at 1109, just above the 50 day moving average at 1108.56. The price action this week was unequivocally bullish, as both good and bad news caught a bid, and the bears were squeezed harder than the lime in my San Pellegrino.  Further supporting the bullish turn of events is [...]