Apple (AAPL) continues to flirt with its key near- and intermediate-term resistance area between 576 and 580, which must be hurdled via a 582 print to trigger new buy signals. Those signals would project to 605/08 and hen 625...
Read MoreWrite it down on your computer. Never forget it as long as you’re playing the stock market. Two simple numbers that tell you when the waters are safe to either go long or short, or when it’s not safe to go long or...
Read MoreDuring the past two weeks, with the aid of much lower oil prices positively impacting mining costs, the technical set-up in the Market Vectors Gold Miners ETF (GDX) has improved significantly. The GDX has hurdled and accelerated...
Read MoreLast Friday’s spike low at 77.66 in the USD/YEN and the subsequent upmove to today’s high at 78.95 have the right look of the conclusion of a deep correction of the Feb-Mar advance, followed by the start of a new...
Read MoreBoth are true, to be sure. It’s rare that the market stays this oversold on both the daily charts and its index charts. It’s not much to get excited about if you’re short when you’re this oversold. But...
Read MorePurely from a technical perspective, two aspects of the big-picture chart analytics pop out at me. One, oil has violated its major support line off of the December 2008 low at $32.48 on the weekly NYMEX chart, which cuts across...
Read MoreThe evolution of a market going south is what I want to discuss initially here. For quite some time, most of the economic reports that came our way we’re quite positive. This held sway until roughly March. There were some...
Read MoreLet’s take a BIG picture look at NYMEX Oil, which has undergone a huge decline, but which the equity markets continue to ignore. Why? I can only surmise that the grip of deflation is firmly implanted on the jugular of the...
Read MoreApart from the fact that the stock indices have recovered all of their earlier losses (basis the e-SPM, from 1297.25 to 1311) on headlines about the IMF jawboning about throwing its money (really public taxpayer $$) at a SPANISH...
Read MoreThe United States stock market no longer trades on its own. Those days are behind us. Whatever takes place overnight in Europe is what we see when we wake-up, regarding our stock market futures. If Europe is down big, then...
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