Gold should not be up today, but it is. The strength of the dollar against the euro and the yen usually has a negative impact on gold, but something else appears to be going on that the price pattern and technicals are warning...
Read MoreAmazing to watch the most overbought market in seven years continues to defy the odds. RSI’s along with the combination of stochastics printing numbers you just don’t see very often and more than that stay at these...
Read MoreMorgan Stanley (NYSE: MS) continues yesterday’s surge off of the bullish confluence EMA’s that bunched together just above 29.00, and which has helped to catapult the price structure towards a test of key resistance...
Read MoreWe are in a bull market. This isn’t news to anyone by now. We’ve been in from the lows and have ridden this puppy all the way up. However, there comes a time in the evolution of a bull market where you have to start...
Read MoreThe stock market indices ended up higher again on Tuesday with more new 2010 highs reached today on the S&P 500 at just over 1160. The day started out with backing and filling that held support, which was followed by a...
Read MoreMy near- and intermediate-term pattern and momentum work indicate that Walgreen Co. (WAG) ended a significant correction at its Feb 5 low at 33.00 — and a retest of that low was satisfied last week at 33.44. The upmove off...
Read MoreThe stock market indices ended mixed today, but started out very differently. They gapped lower, snapped back, couldn’t get through Friday’s late highs, and then rolled over in a sharp 3-wave decline, reaching the...
Read MoreThe market started to sell today. Finally!! We started fairly flat but then started heading down with the Nasdaq leading the way, which made sense since it has been the leader on the way up in this bull market. What leads up is...
Read MoreAfter carving out a series of higher lows in March amid rising S&P 500 prices, the Volatility Index (VIX) — also known as the fear index — is higher today while the SPX attempts to sell-off. The SPX, along with...
Read MoreIt’s been quite the run thus far for this market. The S&P 500 made a low at 1045 and began to crawl its way back to the old high at 1151. Step by step and index by index. All of the major indexes clearing their recent...
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