The Dollar Index (DXY) continues strengthen (79.41 last), which is making life difficult for gold and the SPDR Gold Shares (NYSE: GLD). With the DXY making new recovery highs, its inverse relationship with gold remain remains...
Read MoreThe stock market indices had a nasty day today, and despite a late 3-wave rally attempt, which took back part of the losses, a last 20-minute pullback closedt them solidly in the red. The day started out with a gap down on the...
Read MoreThe question becomes for the masses, does that matter very much or is it really not very relevant? Let’s discuss what breaking down from bear flags can and usually does mean. If we go back to the March lows of 2009 we can...
Read MoreThe UltraShort Semiconductor ProShares ETF (NYSE: SSG) has rocketed to the upside after today’s early weakness, and is set to put in a key upside reversal day. If at today’s close the SSG is above 20.71, the key...
Read MoreThe stock market indices had an interesting and volatile session, but at the end of the day after the FOMC announced they managed to stage a sharp 3 wave rally and closed near the highs for the day. Only a last 10-minute...
Read MoreThe stock market needed fear. A bull bear spread of 37.5%. Markets normally have a strong pullback once you see levels over 35%. It’s not an exact timing mechanism but it was coiled spring looking for a catalyst. It found...
Read MoreWhile my near and intermediate term work argue for still lower prices in Goldman Sachs (NYSE: GS) into the 146-144 area next, the public anger and political bashing of the company coupled with increasingly powerful oversold...
Read MoreTake a stock such as Apple (AAPL), which had a very nice day. Or did it! Great earnings for sure and rewarded for those earnings. It opened at 205.95 and closed at 205.94 after printing nearly 214.00 intraday. It actually...
Read MoreThe stock market indices had a topsy-turvy session with a very strong morning rally, a double top mid-day and then an equally sharp rollover, especially on S&P 500, as the indices gave back all of their gain and then some,...
Read MoreToday’s candlestick traded inside of Friday’s large down stick and normally that equates to another day of struggling for this market. When a market has trended down for a few or more consecutive days and you get...
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