More On “Brexit”

From Forbes:  Three Reasons Why Brexit Will Not Break The World Economy

1. Financial markets hate uncertainty, and there will be ample amounts of that for quite a while.

2. Like most divorces, it may take a long time to work this separation out fully.

3. This may also provide a wake-up call for the European Union.

More detail here:


What’s Next For The S&P 500

Going back 15 yrs, when the S&P 500 drops >3% on a Friday the next day has closed lower 6 of 7 with an avg drop of 2.3%.  Looks like more downside ahead when a new week begins.
Hat tip Ryan Detrick

The Advance/Decline Line Versus The S&P 500

Here’s an interesting look at some of the important stock market peaks as they relate to the NYSE Advance/Decline Line:

Clzgx2PUYAEgjht.jpg large

Hat tip


The ‘Brexit’ Aftermath

From the Wall Street Journal:  Five Ways The ‘Brexit’ Market Turmoil Could Affect You In The U.S.

No. 1:  All travel to England, Scotland, Wales and Northern Ireland Now 10% Cheaper:

After the vote, the pound fell to the lowest levels of a generation. Not since 1985 has the U.S. dollar been so valuable in the U.K.: it’s the equivalent of a 10% off sale. (There’s also a 2% off sale to Europe, as the euro got weaker on the news.) If you’d like to use your tourism dollars to boost/boycott regions based on how they voted, here’s a helpful map of the outcome by region.

The rest of the list is here:

Hat tip

Screen Shot 2016-06-24 at 10.42.11 AM


Screen Shot 2016-06-24 at 9.29.26 AM

It’s A Mess Out There

The markets are having a fit this morning following the Brexit vote.  In the last 30 years there have been three all-out panic days with the VIX(Volatility Index)+25%, Gold +2% and 30 Year Bonds +2%.  Today will be the fourth.

Sept. 9, 2008

May 6, 2010

Aug. 8, 2011

June 24, 2016

Hat tip Jason Goepfert

SP 500 Futures 12:35 A.M. Friday

Look how the Traders ran (targeted) the stops above (resistance) and below (support)

Screen Shot 2016-06-24 at 12.32.27 AM


Futures Thursday Night “Brexit” = should be a fun Cash open Friday A.M.

Screen Shot 2016-06-23 at 11.40.10 PM

Investors Are Still Cautious

ClmncN3UYAAY_Is.jpg large

Investor sentiment is still fairly cautious despite the strong move off the May low.   As mentioned previously, we regard this as a contrarian(positive)indicator. 

Hat tip Tiho Brkan

Return top

* * * *

Welcome fellow traders and investors!

As Money Managers and Traders, the mission of our Blog and Radio Show is to go on record and further educate our readers and listeners in technical analysis and proper money management across all asset classes.

Our methods are not the traditional advice you hear repeated and repackaged over and over again, but that’s exactly the point and the reason why we know how to advance and prosper in every kind of market.

To Your Success,

Doug & Gary