Last Wednesday we noted to subscribers that the action off of the June low at 18.50 in the iShares MSCI Germany Index (EWG) was part of a recovery rally period that would resolve in a downside reversal and resumption of the...
Read MoreThe Euro Summit is upon us with many questions still unanswered, such as how Greece and Spain will receive funds for bailouts being the primary issue at hand. Everyone is looking for Merkel from Germany to step in and support it...
Read MoreWe discussed Friday that based on my intermediate term work the SPDR Gold Shares (GLD) ended a significant correction off of its Feb 28 high at 174.00 at the May 30 low of 148.53, which coincided with my expectations for a 5.5...
Read MoreThat’s what we’re dealing with, a lot of neutral messages. When I studied the charts late in today’s session, I noticed many different buy and sell points on all the daily charts. It didn’t matter whether...
Read MoreAll of the action in USD/YEN since September 2010 — nearly 2 years — has carved out a massive, rounded, base-like pattern that just recently (since June 1st) appears to have completed a correction and entered a new...
Read MorePurely from a technical perspective, the Dollar Index (DXY) appears to have broken above its two-year resistance plateau at 81.60/80. It popped to 83.54 into June 1st, and since has returned to successfully test the prior...
Read MoreIn this case, it means Mr. Bernanke is there for Wall Street. Main Street is protected when Wall Street is protected, and Fed Bernanke is on a mission to let the markets around the world know that all is well, even when it...
Read MoreAll of the action off of the June 4 low at 81.21 in nearby NYMEX Oil futures has carved out a sideways congestion or coil-type formation. This is located in the lowest 20% of the entire decline from the $110.55 high back on...
Read MoreAlthough Apple (AAPL) popped to a new intraday recovery high at 589.49, taking out the prior high at 588.50 from June 11, from an intermediate-term point-and-figure perspective it still has not “broken out” with a...
Read MoreAnd a good fight it is. Both sides are trying so hard to get through, while neither one really has any control. Sure, the bulls moved the averages close to a strong breakout level today and certainly have had the bears on the...
Read More
