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Odd Contra Action
Today was a step in the right direction for the bulls, but I noticed on my contra screener that SRS was positive. I find that extremely strange given the large percentage gains of the indexes. Could be something to keep an eye on in the coming days. Also note that SRS has managed to stay above...
Stocks Above 50MA
While it’s very possible we could see a few days of buying, we’re not oversold by past standards. We still need to fall through the 20 level and then see some positive divergence before a meaningful bounce can occur.
Heavy Selling
Obviously with a day like today the selling pressure will be brutal. Today 95% of today’s volume was on the sell side. clipped from www.market-harmonics.com
Go Vikes!
40 years young and having the best statistical season ever….It’s not easy being a Vikings fan for the past 24 years, and hopefully tomorrow will end our Superbowl drought. This is a great Farve compilation for any sports fan (Packer fans being the exception).
Fool Me Once…
This is what happens when you go back on everything you said you were going to do once he got into office. This guy has “one term president” written all over him. clipped from www.cbsnews.com That rating is Mr. Obama’s lowest yet in CBS News polling, and the poll marks the first time...
Breakout in Non Ferrous Metals
This sector broke out last Wednesday and offered a nice pullback opportunity on Friday morning at the open. Given that we closed at the day’s high, this looks like a sector that could run higher for weeks to come. Here is my watchlist in this sector: IVN FCX PCU TIE SLT IPI RTI
Decent Internals
2-1 upside volume relative to downside volume. Seems likely the rally should continue. clipped from www.market-harmonics.com
Sector Strength
Breakout of lengthy downward trendline and recapturing of it’s 50dma in convincing fashion. The oil sector should deserve your attention for the coming weeks. Here is my watchlist: WFT NBR EXH RIG NOV CAM HAL NE SLB SII DO BHI TDW BJS
Profit From the Looming Spike in Crude Prices…
…That the U.S. Oil Lobby Doesn’t See Coming By Kent Moors, Ph.D Contributing Editor Money Morning John Felmy has been the chief economist of the American Petroleum Institute (API) for years. He’s well respected. And I appreciate his experience. But the two of us disagree more often these...
Obvious Chart of the Day
I remember a month ago I was waiting for the Nasdaq to complete a head and shoulder pattern that never materialized. Tonight as I was going through a few charts this reverse head and shoulder bullish pattern stood out in the most obvious way. For the simple fact that everyone else is looking at...
Is Government Debt the Next Crisis?
By Jon D. Markman Contributing Writer Money Morning While American investors were busy enjoying their Thanksgiving dinners, global markets were shaken by word that Dubai asked for a payment holiday on the $59 billion it owes via its investment vehicle, Dubai World. The move, which comes as...
Al Gore Confronted @ Book Signing
Since when is it a crime to ask a question? Why are these protestors being manhandled and escorted out the minute they ask an intelligent, non conformist question? I don’t know about you guys, but whatever happened to free speech? We Are Change may have some unorthodox tactics, but remember...
Gold Could Skyrocket
clipped from www.financialsense.com Let’s make this chart very clear. Of the $5 trillion in gold ever mined… The U.S. government has thrown over twice as much at the economy in the past 12 months. The U.S. debt is more than double this amount so far this year. Total global government...
