Radio Show 10/24/2014

http://www.financialnewsandtalk.com/marketwrap/DougMcKay_/dougmckay%20102414.mp3

Barron’s Big Money Poll Reaches 84% Bullish

1-big-money-poll-Barrons

Key bit:

“The biggest bullish consensus is on US large cap stocks with 84% bulls, the biggest bearish consensus (certain to be wrong for the umpteenth year in a row) is on US treasury bonds with 91% bears (!).

Gold aficionados will be pleased to learn that there is a 76% bearish consensus on gold, which provides a nice contrast to the 69% bullish consensus that pertained in October of 2012, just as gold was getting ready to tank big.”

More here from contracorner.com http://davidstockmanscontracorner.com/the-barrona-consensus-is-84-bullish-take-cover/?utm_source=wysija&utm_medium=email&utm_campaign=Mailing+List+Mid+Day+Thursday

Protected: 4 Minute Trader

This post is password protected. To view it please enter your password below:

Ten Things Wall Street Believes

An excellent post this morning from Josh Brown“Ten Insane Things We Believe on Wall Street”

1.  Falling gas and home heating prices are a bad thing.

More here:  http://thereformedbroker.com/2014/10/23/ten-insane-things-we-believe-on-wall-street/

Protected: Trade Alert – SPX

This post is password protected. To view it please enter your password below:

GDX (Monthly)

Screen Shot 2014-10-22 at 11.59.48 PM

Protected: Trade Alert – INDU

This post is password protected. To view it please enter your password below:

Dan Loeb is Shorting Stocks Once Again

Dan’s latest letter to investors, an excellent read:    http://www.zerohedge.com/news/2014-10-22/recent-liquidation-avalanche-explained-dan-loeb-and-why-he-back-shorting-stocks-agai

Hat tip zerohedge.com

Plunge Protection

Key bit: 

“Here’s the bottom line: Someone tried to rescue the market last Wednesday. And it’s becoming a regular occurrence.

The details of last Wednesday morning are these: At the same time the Dow was off 350 points, the S&P index was down 43.80 points, That was an enormous decline in just 11 minutes of trading and it was an indication that Wall Street was not having a good day.

Then, someone (or something) started buying S&P futures contracts en masse. Twenty-one minutes later, the S&P index had regained 30 of those lost points and was back at 1,861.”

More here from the New York Post:  http://nypost.com/2014/10/20/plunge-protection-behind-markets-sudden-recovery/

VIX

Screen Shot 2014-10-21 at 7.16.13 PM

Return top

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