Today is our last scheduled update into year end. We will be leaving for client meetings in Asia, returning just before year end.

A big thank you to my clientele, you still make it enjoyable to stare at the screen after 37 years! I’d like to take this opportunity to wish all our clients continued success in the New Year.

Our goal is to make you money, however keeping you from taking undue risk is our highest priority. To that end, this has been a most profitable and successful year.

It’s just as important to know when to pull the trigger, as it is to know when you’ve missed the train and wait for the next. Our forecasting shows next year will be ripe with opportunity for the patient investor.

Short Term View…

Stock indices can still probe lower with many investors still late to liquidate going into year end. This is not the time to look for longer time frame trades.

Weekend risk now becomes greater for an upside surprise as witnessed over Thanksgiving. The thinner the markets become, odds rise for the Europeans to say or do something to shore up the markets. The greater bang for your buck theory.

Have a safe and enjoyable Holiday!

Model Trading Portfolio…Current Holdings

No positions

Our view is that the rest of the year will be a High Volatility, Highly Technical, Rumor Driven, Time Frame, Lemming Effect Day Trade.
The question is who’s day? Right now it’s Europe’s.

Medium Term View…

We believe the political and economic risks are now heavily skewed to an all cash portfolio. The markets will become a big day trade.

30 Yr. Bonds …I’m treating 147 as the high for a long time. 143.10 now becomes our upside pivot. Closing above this level
will be short term positive the Bonds and negative the equities.