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Making Progress

If con is the opposite of pro, is Congress the opposite of Progress?

Doesn't the word "Congress" mean working together?

Did you ever notice: When you put the 2 words 'The' and 'IRS' together it spells 'Theirs...'

Especially with Lois "Slow" Lerner at the helm. As Congress spends weeks citing her for Contempt - next she will likely be cited for Disdain, maybe Outrage!

As I go on a much needed vacation to the big casino at South Lake Tahoe for a week, I celebrate, that with Income taxes now paid for the year 2014, I finally now keep whatever I earn for myself.

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Education Opportunities:

A new class at Golden Gate University, FI-498TS, Quantitative Methods for Technical Trading Systems, is starting this week Given the fact that this is a CyberCampus class, late enrollment is possible through next week. The course will be built on a strong foundation of Technical Analysis principles for the entries and exits If you are interested in taking the course or have questions as to how you can benchmark your current trading system against Kaufman’s information ratio to ensure you are getting more in returns than you are risking, please contact me either by phone (510-757-7712) or email (tom.mcalone@gmail.com)

Tom McAlone

Adjunct Professor – Golden Gate University

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Euan Wilson of the Socionomics Institute

The 4th Annual Social Mood Conference just concluded in Atlanta, GA. Bob Prechters' team of researchers includes Euan, whose works have been published in such popular media outlets as Time Magazine and USA Today! The Institute is growing and doing some fascinating research -- hear it from the source at this FREE event that is being co-hosted by the Market Technicians Association.

When:

Tuesday, May 6th

3:00 - 4:00 pm

Where:

Webcasted LIVE at Bloomberg

Pier 3, San Francisco

Robin Mesch on Market Profile

If you think you know it all about this charting method, think again! Robin will share with us her recent work on developing portfolios using Market Profile, the unique price plotting style developed by her former boss, Peter Steidlmayer at the CBOT. This FREE event is also co-hosted with our friends at the MTA.

When:

Tuesday, June 10th

3:00 - 4:00 pm

Where:

Webcasted LIVE at Bloomberg

Pier 3, San Francisco

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As mentioned in my weekly Sentiment blog written today, http://mktsentiment.blogspot.com/

Indicators on Breadth and Sentiment were quite stable, although some, such as Insider Trading, Margin Interest - record high, although backing off from the prior week for the first time in months- remain high.

In today's Barron's a column by stat-keeper Mark Hulbert, he states that in a study going back to the 1896 start of the DJIA , the SELL IN MAY warning may not be as bad this year. This despite the May-October semi-annual cycle in a mid-term election year (with a second term president), following a huge year in 2013. Still....

With the Raging Bull getting long in the tooth, it might be propitious to hedge with Puts, Inverse ETFs, or even VIX calls, as it just fell to a 12- handle last week.

Let's hope for no Sinko de Mayo next week.