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Thomas Sobon  

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  • Stocks: Perspectives On The Selloff [View article]

    Look out for falling stocks. According to the way I read the technical tea leaves the waterfall drop in stock prices will prove to be more than just a "blip" on the price charts. What makes the selloff ominous is that institutional investors were dumping stocks on Friday. When we had a 300 point drop in the Dow about 8 trading days ago, they came in as strong buyers in mid-afternoon and the market made back all of its loss by the close. The volume of trading in the SPY was about 50% above its norm for the day as they stepped in with their market orders. They took a beating because in the selloff on Friday the volume of trading in the SPY was an astounding 146% more than the norm. They must have been looking to cut their losses short from that 8 day rescue attempt. I am not going to make a forecast about how low the market goes because I don't have to. I am looking for a decline on Monday and until my indicators show otherwise I'll stay short the SPXS. As far as the Fed is concerned, I think it is apparent they painted themselves into a corner with their ill-conceived QE programs. Instead of the governors making speeches to placate Wall Street, they should be lecturing the do-nothing Congress about the need for an infrastructure program because that is the only way the economy can be stimulated. Also, the waterfall drop in stock prices also occurred in stock markets around the world. Have a nice day!
    Aug 23, 2015. 03:15 PM | 24 Likes Like |Link to Comment
  • Japan Is A Stimulated Disaster; Why Not More? [View article]

    His solution can only be PRAY
    Aug 18, 2015. 09:31 AM | Likes Like |Link to Comment
  • Biotech: Will There Be Blood? [View article]

    A botanist does his job when he provides perspective and tells us how the weeds grow. He doesn't have to go around pulling out the weeds. I, for one, appreciate the perspective that you provide.
    Aug 13, 2015. 08:21 AM | 6 Likes Like |Link to Comment
  • Chez Bear: Your Appetizers Are Now Being Served [View article]

    RWMostow and I have exchanged comments on articles and sometimes privately before and there is a cordial relationship between us. My comment was meant as an extension of that relationship and I am sure he understood it in the proper way. And when anybody who can tell the difference between good and bad advice is a wise man.
    Aug 9, 2015. 03:00 PM | Likes Like |Link to Comment
  • Chez Bear: Your Appetizers Are Now Being Served [View article]

    I read your bio and if you can tell the difference between good and bad advice, you don't need advice.
    Aug 9, 2015. 11:54 AM | Likes Like |Link to Comment
  • Chez Bear: Your Appetizers Are Now Being Served [View article]

    If that approach works for you, stick to it. But I don't like digging my way out of a hole when the stock drops below my buy-in price. That's why they make vanilla and chocolate ice cream. You may like one while I like the other.
    Aug 6, 2015. 04:01 AM | Likes Like |Link to Comment
  • Chez Bear: Your Appetizers Are Now Being Served [View article]

    Until the over-all market corrects, it will be difficult to pick winners from the long list of stocks that you provided. Trying to pick bottoms at this time is the way to wind up in a funny farm. I want to be confident that the bottom of the price chart is behind me and not in front of me. This is where technical analysis is required. On just about every one of the stocks you listed there is no hint of a bottom. But patience could be rewarded. By that I don't mean that one can buy now for a gain that might accrue several years from now. I mean patience to wait until a bottom formation is occurring and the odds favor a gain within several months after the purchase. Incidentally, I track just about everyone of the stocks that you listed along with many others.
    Aug 5, 2015. 03:38 PM | 5 Likes Like |Link to Comment
  • The Bear Is Alive! [View article]

    A bull in this market is the kind of guy who'll think his wife stopped smoking cigarettes when he begins to find cigar butts around the house.
    Aug 4, 2015. 09:49 AM | 3 Likes Like |Link to Comment
  • Stocks: Not The Final Frontier [View article]
    Eric, very nicely done.
    Aug 3, 2015. 11:38 AM | 1 Like Like |Link to Comment
  • Retail Stocks: Too Hot To Hold [View article]

    Masterfully done. A tip of the hat to you.
    Jul 30, 2015. 09:30 AM | 2 Likes Like |Link to Comment
  • Is Something Really Bad Going To Happen Soon? - Part II [View article]

    Excellent article
    Jul 29, 2015. 08:49 AM | 1 Like Like |Link to Comment
  • Industrials: How Market Illness Spreads [View article]

    An excellent and truly comprehensive presentation. And you are correct in your assessment that things are likely to get worse before they get better. A hell of a lot of technical damage has been done on the price charts and there is no hint of bottoms on most of them.
    Jul 28, 2015. 11:37 AM | 1 Like Like |Link to Comment
  • European Disunion, Part II: Anti-Austerity Strikes Back [View article]

    Are you still carrying a lamp around with you during daylight hours while looking for an honest man? And, have you found him yet?
    Jul 27, 2015. 10:13 AM | Likes Like |Link to Comment
  • Frustrated Yet? [View article]

    It would be nice if you were lecturing to the choir. But the choir is still listening to the Fed and the wheeler dealers on Wall Street.
    Jul 27, 2015. 08:47 AM | Likes Like |Link to Comment
  • Crisis Watch - Where Lightning Could Strike Next [View article]

    You are tight. The investment winds are always on the side of the ablest navigator.
    Jul 25, 2015. 12:32 PM | 1 Like Like |Link to Comment