Small pullback, but more upside expected The S&P 500 cash index (SPX) closed at 1515.60 on Friday, down 4.19 points for a small weekly loss of 0.02%. Although SPX hit multi-year highs early in the week, it still...
Read MoreS&P 500 futures losing momentum The momentum in the S&P 500 mini futures (ES) has slowed since last Monday. Even though every dip was bought last week and the price was pushed back up for closing every day, the market...
Read MoreGOLD ETF (GLD) GLD came under intense pressure from the on-going liquidation of substantial portions of GLD positions by very large funds last week. There are fundamental reasons to sell GLD. But regardless of those...
Read MoreThe S&P 500 cash index (SPX) closed at 1517.93 on Friday, up 4.76 points for a net weekly gain about 0.3%. The S&P 500 extended for new highs last week and is up at least 2% through the first 6 weeks of the year. This...
Read MoreWatch for lots of activity this week A heavu schedule of economic reports this week is means volatility and wider price swings are likely — great for traders, but you have to be nimble. S&P500 Cash Index week ending...
Read MoreS&P 500 Cash Index (SPX) The S&P 500 cash index (SPX) closed at 1485.98 on Friday, up 13.93 points for a net weekly gain about 0.9%. The stock market spent most of the week in sleep mode until the last two days when we...
Read MoreS&P 500 forming topping patterns SPX Weekly Chart The S&P 500 cash index (SPX) closed at 1472.05 on Friday, a small net gain of 5.58 points for the week. The stock markets clambered to a positive finish last week. But we...
Read MoreSupport forming in Gold ETF (GLD) GLD Daily Chart GLD sold off last Friday and swept away half the gain made in the first four days. So far the price remains inside the downtrend channel with no signs so far for GOLD to begin a...
Read MoreLooking for long entry Oil – Daily Crude oil had a small retracement last Friday. Price pulled back into 200-day moving average line for testing, and still managed to close at 93.19 – above the 200-day moving average...
Read MoreOur 2013 prediction for GOLD (and some other financial markets) has been posted on our website at this link. Events early in the year tend to confirm our outlook; we think our downside targets will be hit, step by step. Last...
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