November 28,2011: Thanksgiving and Pattern Direction
11/23/2011 Happy Thanksgiving! I hope you all have a wonderful holiday. Karen and I will be hosting Thanksgiving dinner at our house this year. There will be 14 of us and three dogs (two Springer Spaniels and one Yellow Lab). Karen, myself, and the kids will also be running in the York, PA YMCA Turkey Trot again. Always a fun run and it is so cool to run into so many friends that we rarely see, except for at this annual... Read more...
Are the Bears Just Chillin? October 24, 2011
October 24, 2011 With the S&P 500 up over 6% for the month ending 10/21/2011, I wanted to take a quick look at the charts and focus in on a longer term perspective. Bottom line upfront, we continue to give the bears the benefit of the doubt and view the recent stock market strength as a bear market rally. The probability that we are in a bear market is high. The key word is probability. Certainly, I can’t... Read more...
October 12, 2011: Is the “Perfect Storm” Forming?
October 12, 2011 In spite of the nice stock market rally the past week, nothing has changed the overall technical picture of the S&P 500. We believe that we remain in the initial stages of a bear market. While pundits and fundamental analysts talk about the “typical” 4th quarter rally and seasonably favorable time for the market cycle, we prefer to guide our investment decisions based on objective technical and... Read more...
October 10, 2011: Feels Like 2008?
October 10, 2011 It is still not to late to give us a call to see if we can help. 1-800-290-7424 Does the market feel like 2008 all over again? Could we see a bear market rally to S&P 500 40 Week EMA before a potential reversal? It is certainly within the realm of reason. Some tough resistance to get thru first. Respectfully, Matt Falvey, Chief Investment Officer, Rich Investments, Inc. Read More →
September 28, 2011: Looking For Direction
September 28, 2011 It is my opinion that in August, we began another cyclical bear market (bad) within an overall Secular Bear Mega-trend that began in 2000.This blog will attempt to answer why, on Monday, September 26, 2011, we called a potential counter-trend rally for equities…which so far has played out. We believe that this rally has the potential to lull investors into a sense of complacency. Visit my Twitter page for... Read more...