About Me

Retired chief investment officer and former NYSE firm partner with 40 years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!

Tuesday, July 22, 2014

SPX -- Daily Chart

The failure to take out the late Jun. high of 1985 today has the average toppy. It may smoothly
blow above 1985 as the week progresses, but a nearly month - long double top signals more
attention from you if you're a player since these minor fails can sometimes herald that a little
trouble lies ahead. SPX Daily

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