The stock market indices suffered a nasty spill in a very negative session today. They gapped lower at the opening, went down sharply in the morning despite a 15-minute bounce, and then rolled over hard to the session lows just...
Read MoreBarring a global exodus from equities on a rotating timezone basis, I want to stay with AK Steel Corp (NYSE: AKS) for a number of reasons. Purely on a technical basis, so far today, the weakness has NOT violated the prior...
Read MoreAnd that’s what both the bulls and bears are facing. Each side has set up a wall that seems too impenetrable. The bulls have set up camp at S&P 500 1080 where there is strong gap support. We’ve gone down for a...
Read MoreIndices Marginally Higher by Harry Boxer, www.TheTechTrader.com The stock market indices ended marginally higher today and had an interesting path. They opened lower with a gap down, broke support and did a severe test of the...
Read MoreToday’s early weakness in gold has totally reversed, with the SPDR Gold Shares (NYSE: GLD) pivoting off of 119.00 into a powerful rally to new recovery highs at 120.51 so far. My near-term technical work points still...
Read MoreThe stock market indices staged a very strong rally in the morning when they gapped up strongly, formed bull flags, ran hard mid-morning, flagged again near midday, and then spiked up to the highs for the day near 1860 on the...
Read MoreToday’s point-and-figure low print at 49.40 in Research in Motion (RIMM) satisfies a downside swing objective created by the prior decline from 58.60 to 51.70 and has the right look of a completed correction – or a...
Read MoreThe stock market indices started out the day with a big gap to the downside and made new pullback lows, but quickly turned it around and very sharply. The Nasdaq 100 rallied from 1801, holding that 1800 level, all the way up to...
Read MoreFive straight gap downs is not something that happens very often. It makes you step back and wonder what it means. Maybe it means nothing bigger picture. Maybe it means something very important. There’s one thing, though,...
Read MoreIt is interesting that silver prices and the iShares Silver Trust (SLV) are up nearly 2% this morning, in sympathy with higher gold and a pullback in the dollar, but perhaps most importantly in sympathy with a sharp upmove in...
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