The market has been slowly, very slowly, but very steadily, moving higher over the past few months. Ups and downs, but the overall trend has been higher. The daily index charts have been following along, with a slow move on the...
Read MoreThe enclosed weekly chart of the gold/silver ratio shows that from mid-April 2011 to late-December 2011, gold prices outperformed silver within a period of overall precious metals weakness. The pattern carved out during the...
Read MoreThe market is losing its volatility as the VIX drops, and that’s not a bad thing. Nice and smooth is how the market is now trading. No major swings. No intense whipsaw. That’s a welcome reality for all traders. The...
Read MorePurely from a technical perspective, let’s notice that the Euro/US Dollar hit a one-week high this morning at 1.2985 off its low at 1.2620 (+2.85%). It has since corrected and turned up from 1.2890, which happens to be the...
Read MoreOne chart set-up that we need to watch closely in the coming hours and days is the comparison of the dollar and commodity indexes, as their directional price implications could have a major impact on a cross-section of markets....
Read MoreThe stock market has fooled many non-believers over the past year or so. Not that the market has done so well, because it hasn’t. Dead flat on the S&P 500 last year as it opened and closed at 1257. Given the...
Read MoreBelow is a newly created daily sector chart for the big investment & trading banks accompanied by a chart of the cash S&P 500 for comparison and relative strength purposes. The SPX currently is on a bullish signal. Only...
Read MoreToday’s strength in the risk-on markets in general and in the industrial commodity markets in particular likely reflects a collective sigh of relief that China Q4 growth came in a touch better than expected — at 8.9%...
Read MoreThe past few days have seen the averages try to climb higher but up on tiny candlesticks. Getting tougher and tougher to make the move up as we get closer and closer to those trend lines of resistance, especially the difficult...
Read MoreThis morning’s JP Morgan (JPM)-inspired weakness in the e-mini S&P 500 has propelled the inverse ProShares UltraShort S&P500 (SDS) towards a retest of yesterday’s high at 18.40. If hurdled and sustained ahead...
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