Kate and Molly drove down to LA this weekend with the grandkids, Atticus and Olallie, to visit her two boys Jamie and Joe. Here they are lunching also with Angela, Jamie’s fiancee.
Author: Geoff
Quick rundown: Grew up in Lombard, Illinois, went to Arizona State University, worked as a CPA with Arthur Andersen & Co, then Laventhal and Horwath, then Rolling Stones, then Heron International, then Goodby Berlin and Silverstein in San Francisco. Moved to the foothills in 1990 and traded futures and designed websites. Married to Kate Stewart, now living in Colfax, CA. We have six grandchildren. I enjoy camping in our RV, hiking, kayaking, fishing, droning and cross country skiing Also conga drumming, photography and dogs.
VIX Market Buy Signal
Yesterday gave a confirmed VIX buy signal. The last four of these signals have delivered the goods, however, the last confirmed sell signal took two weeks before a dip and that wasnt even to the level of when it occurred. The chart below is courtesy of Springheel Jack.
Directionless Market Makes one Crazy!
Well two up days in a row seem to have voided the big drop on Monday (2/25) however this all seems to be a normal pull back to the 50/10 LRC lines and the volatility stops. On the Nasdaq 100 the 50/10 have crossed under bearish and the 25/5 is already below the 50/10. Unless the price gets over 2780 or the purple 50/10 LRC, this looks to be still headed south. With these wild whipsaws though, it could poke above then sell off. Who knows.
The small caps, the Russell 2000, have not yet had a complete 50/10 bearish cross but did stop their bounce at the 25 LRC and the volatility stop. A normal bounce unless it continues up and exceeds the previous high of 932, then all bets on the bear are off.
New Website Completed – N.M. Adoption Support
I just put up a new WordPress website for my long time friend Caroline Greer. She is working with couples and individuals seeking to adopt in the New Mexico area. Her website is http://nmadoptionsupport.com . Please check it out.
Bearish indication of last week coming true
Last week I posted that the Russell 2000 was foretelling of an upcoming bear move. Generally small caps lead the way. After a bounce Friday to the 50/10 LRCs and giving the 25/5s time to cross below the 50/10s, the market is now resumed its down move. There was a bounce this morning but it was stopped at all the various resistance points. A great shorting opportunity.
On the SP the next support is at 1475 area where there is an uptrend line coinciding with previous resistance. Also the weekly charts have not yet broken down. it could rebound off this level.
Continue reading “Bearish indication of last week coming true”
Asilomar trip near Monterey
Kate and I happened across a fantastic deal for staying at the retreat center, Asilomar, near Monterey at Pacific Grove. We stayed there three nites last week 2/21/13 and found it to be delightful. There are something like 200 acres including beachfront with many buildings designed by the famous architect Julia Morgan. We brought our bikes and road from our room to Cannery Row in Monterey. Saw the famous Monarch butterflys, sea lions and a gorgeous coastline. Fabulous trip all together. Here are the photos.
%%wppa%%
%%cover=14%%
Asilomar Lodge
Kate texting in the main registration building.
Asilomar Arrival
We had just arrived at Asilomar on the Monterey coast on Thursday and were blown away by beauty and architecture of the complex. Buildings all designed by julia morgan. We hopped on our bikes right from our room and followed the boardwalk to the beach.
Russell Giving Bearish Warning
Quite a reversal today with the Nasdaq 100 down 1.5% and the Russell 2000 (RUT – small caps) down almost 2%. Looking at the daily chart the RUT sliced through the 50/10 LRC and actually took out the volatility stop. The S&P, Dow, and Nasdaq stopped right above their Volatility stops but in my experience, the small caps lead the way and therefore the RUT may be telling us something. The Nasdaq needs to take out 2700 and the S&P needs to drop below 1495 before we really have something here. But back to the RUT, the last pullback was to 894.34 so that will be the first important benchmark to see broken. Many more after that including up trendlines 810ish, bolinger bands 890, and big support at 868.50. The Ergodic has crossed down and is giving a bearish divergence. The ADX turned, a magenta ball per Gail Mercer.
The weekly is also validating this possible warning sign. We have a upper bollinger band failure to penetrate, usually means exhaustion. We have a way overbought ADX at 65. And we have the ERgodic beginning to roll over. The week is not over and these are all just the beginnings so we need to see a lot more confirmation but I still think this is a warning of some significant down moves in the market ahead.
Google sitemap
I just installed the plugin for the Google (XML) Sitemap generator located here. It did not work. It said it created Sitemap.xml however I got the 404 error page not found. No file was there. Tried submitting to google webmaster tools and it couldnt find it either. So… I scrapped the whole thing and found a bunch more google sitemap generators via the plugin search on WP. I installed the one with the most stars and Bingo! worked in less than a minute. Zero configurations to be made which I guess is good .. or maybe could be bad. Who knows.. at least this will help the SE robots cruise my site more frequently and pick up current posts. It should work especially for google and bing. Yahoo has a funny need to register something with them but I got really messed up trying to get an API key from them… so scrapped it. Who uses yahoo search anymore anyway.