The stock market indices started the week off with a positive session and gapped up right at the opening. They then backed off, retested, backed and filled for most of the morning, but by mid-day started an advance that took...
Read MoreThe stock market indices were very volatile on Friday, but at the end of the day only closed narrowly lower. The day started with a big gap down. They rallied back very sharply, and then rolled over hard in the morning, taking...
Read MoreNo one has control but you have to give a little nod to the bulls today for hanging in where they had to at the down trend line at S&P 500 1110. A small breach below and then a nice rocket ride back up. You’re always...
Read MoreThe stock market indices had a vacillating-type, consolidation day, as the four-day sideways move continued today. Although they closed down a little bit today, the path was different. They opened sharply lower, bounced back...
Read MoreNever a dull moment in natural gas. The inventory build was a bit less than expected, but sellers came out of the woodwork above 8.05 in the U.S. Natural Gas Fund ETF (NYSE: UNG) and smacked prices down to 7.72 so far. From a...
Read MoreWe can all taste it, can’t we? The market was so interesting today. The day started out with a gap up, then the non-manufacturing report came out with good news, and the market flew higher. We got to 1127 on the S&P...
Read MoreSo far, the action in China Mobile (NYSE: CHL) has followed the bullish script that we have discussed since Sunday’s Chart Video Update. We noted in that video that IF the Shanghai Composite did indeed establish a major...
Read MoreSilver and the iShares Silver Trust (SLV) have been higher and outperforming gold by a wide margin. This largely has been because of the weaker US dollar, the surge in China equities, and the perception that the Fed must inflate...
Read MoreA close today at S&P 500 1125 has the bulls feeling good about things, and why not. Just a few days ago they were feeling the heat as the market closed in on losing 1080, or critical down trend line support. Think about it...
Read MoreThere are two salient technical features that jump out of our comparison chart of the Shanghai Composite and S&P 500 daily charts: 1) the powerful July upmove in the Shanghai that has hurdled May-June resistance and now...
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