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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (3821)2/13/2016 5:14:27 AM
From: Gottfried1 Recommendation

Recommended By
mary-ally-smith

  Read Replies (1) | Respond to of 26780
 
we don't need new highs. Sideways for a year or two is fine with me. I think chips will muddle through since people will give up eating before surrendering their smart phones. So providers like Verizon should thrive, too.
Why didn't I think of that before?

VZ PO is 69 stockcharts.com
dashed yellow line
PS: hope renewed finance.yahoo.com
Maybe drillers will survive

I own RIG and ESV, both are using snorkels with extensions



To: Kirk © who wrote (3821)2/13/2016 2:30:25 PM
From: Fintas3 Recommendations

Recommended By
Blasher
Rarebird
toccodolce

  Respond to of 26780
 
Kirk: Some have to see it to believe it. And then there are those who can see it long before it happens.

SPX is heading lower and those who were pro active will do well.

Those who are reactive will continue to react as they do not understand the depth.

While here.

POG.

Some understood the bottom was in. Others still think it can go lower. NAH.. POG bottom is in.

And some understood NUGT after it's reverse split.. DUST?.

OIL.. Bottom is being completed and those who understand the nuances are cognizant how quickly buttons can stop production to creat demand. As well as who is flush with cash and who is not.. company and COUNTRY.

Finally to those who think Semi's will lead.

I've a safe 500 for the SOX.

I had a 972 for that RUT long ago and we have seen it get hit to go a bit lower bounce but shhhh it's going LOWER than the recent lows..

So what's got to do with the semi's. Expect that 500 for it's just a safe number and that means SMH will go lower as will those equities within. I rarely miss with targets. Time frames.. YES. Targets RARELY.

Ok that's my rant.

Now back to eating a few chunky bars.

Fintas



To: Kirk © who wrote (3821)2/15/2016 10:19:18 AM
From: robert b furman  Read Replies (2) | Respond to of 26780
 
HI Kirk and chip,

Wondering if that collapse below the yellow line currently and back in 2009/2009 is not the effect of the d and E wave of a C wave in a bigger ABC corrective wave.

That C wave has to have 5 waves down vs the three wave of the A wave.

The final shakeout ! ??

Bob



To: Kirk © who wrote (3821)2/15/2016 10:55:26 AM
From: Return to Sender  Read Replies (1) | Respond to of 26780
 
I don't think we can call what we have had a bear market yet at all.

Money has been rotating recently into gold, consumer staples and utilities.

Message 29890534

Although the majority of stocks in the market have already declined by 20%, or more, putting them into bear markets things can get worse.

In a true bear market even gold stocks, consumer staples and utilities do not offer any real protection for investors.

Kirk, you are doing some good work here. Great chart. I particularly like the dividend yield shown there at the bottom.

Keep an eye on volume though. I believe the final bottom for stocks won't happen until we get a higher volume upside day than the previous downside day with 80 to 90% of stocks in the market moving higher on that day.



Not there yet.

RtS



To: Kirk © who wrote (3821)2/19/2016 9:32:52 AM
From: Chip McVickar2 Recommendations

Recommended By
Kirk ©
Return to Sender

  Respond to of 26780
 
Good Morning Kirk -

In the Dow we've seen it test the earlier Jan 20th low...
Then to move up to capture the old reversal closing high on Jan 29 at 16466.30
Which also happens to be a 0.382 move towards the last close and a reversal high 17720.98 on 29 Dec 2015

Now we see... although this 29 Jan close was taken out... price failed to close above 16466.30 on the first run
On today's close we should be looking at the third day

This is definitely a sign the technical buyers aren't yet willing to jump in

Negative interest rates in my way of thinking is a killer signal to the general public and most of those investing in stock markets... who don't really know what the Fed reserve banks do or what trouble the international banks are really in... there's an article on Japans reaction in today's WSJ that clear states my point.

Negative is a negative... right can't be good --- much less, why would anyone park money at neg returns.

I'm not convinced we're in a bear market off the highs late last year
Nor am I convinced the swing bottom is in place for a sustained move higher

In my Time Forward Windows... next week is pivotal.
Chip