Radio Show 8/29/2014

It Doesn’t Feel Like The Recession Has Ended


           While many an economic statistic says things are improving, there is a very good reason many Americans are not feeling it.  Wages are simply not keeping up and the group struggling the most is the middle class.  More here from Christopher Ingraham:

Quote of the Day

“Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”

~ Steve Jobs

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What do Illinois and Texas Have in Common?


       Absolutely nothing.  Including job growth during the Obama years.  More interesting graphs here from James Pethokoukis:

Bullish Sentiment Now at Highest Reading of the Year

The AAII Investor Sentiment Survey measures the percentage of individual investors who are bullish, bearish, and neutral on the stock market for the next six months; individuals are polled from the ranks of the AAII membership on a weekly basis. Only one vote per member is accepted in each weekly voting period.


        The AAII Sentiment Index now has bulls at 52%.  That’s the highest reading for the year and puts it near the most bullish levels since the 2009 low.  We regard this measurement as a contrary indicator. 

The S&P 500 Reaches 2000 On Its 2000 Birthday


Our current 2000 day old rally is the fourth longest bull market since 1928.   More here from Scott Krisiloff:

Bernanke: 2008 Meltdown Was Worse Than Great Depression

Williams-Sonoma Crushed

       Shares of Williams-Sonoma are getting hit hard after the bell.  The specialty retailer is off over 10% following their Q2 earnings report.  This is a huge reversal for one of the top performing stocks in its sector.   WSM closed today at fresh 52 week highs on very heavy trade.  The stock had gained 13% this month and was up just shy of 45% from its February 2014 low.  After the bell WSM is trading near $67.00, the July/early August lows.  This is a very damaging move, one we expect to have an influence on other high-end retail names.  We may find a few very tempting shorting opportunities as a a result. 



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About Us

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