Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.

Friday, February 05, 2016

ICBM's only run on solid rocket fuel, as do stocks............

My opinion on the market is primarily a function of the hundreds of individual charts I look at throughout the day.  When I see a large number of stocks moving on volume increases I take note.  Volume is key to my decision making.  I need institutional demand on my side. When the big players are piling in it gives me greater confidence that a meaningful price move will produce some upside momentum.  I think of volume as the rocket fuel that drives a stock.

It doesn't matter how good a stock is if it doesn't have the rocket fuel.  Volume shows ignition.   Spring follows winter.  Keep your powder dry. 

It's a nasty environment out there.  Thank you Bernanke, Geitner, Yellen, the Fed, Congress, etc............ We are in a bear market.   That said, the risk of a massive spike upward is possible before we resume the inevitable downside due to central bank printing.  

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