Dragonfly Capital

Many will be disappointed by the progress that the S&P 500 has made this week after breaking the broad range from the fall Friday. Since then, it has done nothing. Just moved sideways. Well, that...

The Shanghai Composite ran higher through the first half of 2015 to a peak in June. From there, the freefall began, and has now lasted 4 months. The Chinese economy is weakening. So time to sell. The...

Here is your Bonus Idea with links to the full Top Ten:Hewlett-Packard (HPQ) made a 4 year high to start the year. And it has been downhill since then. The chart below shows a descending channel for...

Here are the Rest of the Top 10:ConocoPhillips (N:COP) ConocoPhillips started lower in May and then support in July. It fell hard from there to bottom with the market in August. After a quick bounce,...

Last week’s review of the macro market indicators suggested heading into October Options Expiration week that the equity markets were looking stronger, but had not sent the all clear signal...

Last week’s review of the macro market indicators suggested heading into October Options Expiration week that the equity markets were looking stronger, but had not sent the all clear signal yet....

The symmetry played out. The market leaked up above the highs and through the cap that had been in place since the August fall. Now is the time for the bulls to take the market by the horns and launch...

I never heard a formal name for this pattern but I see it a lot. The price falls in a long downtrend, finds support and bounces. The bounce is short lived, like a Dead Cat Bounce, and the price falls...

I have tended to avoid writing about the bad news in the market for a couple of reasons. First, up until August there really was not a compelling bad news story. There was slowing growth in the...

The J.M. Smucker Company (N:SJM) probably started as a nice local fruit farm just down the road a ways in Orrville, Ohio. It is still run by the family 118 years after it was founded by Jerome Monroe...

The SPDR S&P 500 (N:SPY) moved above 200 last week and the world breathed a collective sigh of relief. It was a well deserved sigh of relief, no doubt. The SPY had managed one close above that...

Here is your Bonus Idea with links to the full Top Ten:Perrigo (N:PRGO) stock jumped higher in April when it was announced that Mylan (O:MYL) was bidding for the company. This was not a friendly bid,...

Here are the Rest of the Top 10:Bank of New York Mellon (N:BK) Bank of New York Mellon is printing a Death Cross, with the 50 day SMA crossing down through the 200 day SMA. Yet this stock looks primed...

Last week’s review of the macro market indicators suggested heading into the first full week of October that the indexes had again dodged a bullet and ended the week on strength. Elsewhere...

Last week’s review of the macro market indicators suggested heading into the first full week of October that the indexes had again dodged a bullet and ended the week on strength. Elsewhere...

Thursday was another good day in the markets. All equity indexes closed higher and broke above their short term ranges. For some reason traders want to look at this and short them going into Friday to...