Cisco (CSCO) has thrust to fully test its July 22 high at 16.50, but so far has hit a high of 16.49 in reaction to positive comments emerging from its executives’ talk with analysts today. Be that as it may, purely from a...
Read MoreThis morning I spoke about how the 60-minute index charts were oversold, and thus, it wouldn’t be very wise to short the gap down that was going to take place due to more bad news in Europe. The gap down took place, and...
Read MoreThe most interesting aspect to the enclosed comparison charts is the juxtaposition of the Euro/USD with spot gold and silver. Let’s notice that the Euro/USD plunged from its mid-August recovery high at 1.4520 to this...
Read MoreLate this morning, after the market started recovering from its early move lower to start the day, there was news from Germany that Greece was likely to default by some time next week. The Dow fell two hundred points in a very...
Read MoreOnly twice in the last 11 years (2000 & 2007) have all of my directional weekly moving averages turned down into a negative crossing, which subsequently confirmed that an acute, intermediate-term bear phase was underway. In...
Read MoreThis morning’s crude oil inventory report showed a bigger than expected drawdown of 3.96 million barrels compared to expectations of 2 million barrels. Let’s notice that although NYMEX oil remains up for the third...
Read MoreI started speaking about this phenomenon last week when the bull-bear spread got down to 4.3%. It was 7.6% the week before, and I must admit, I was surprised to see it drop to that 4.3% level. Then today the sentiment figures...
Read MoreIncreasingly, my pattern work in the iShares Silver Trust (SLV) is telling me that all of the action off of the Aug 22 recovery high at 42.30 through today’s low at 39.21 is taking the form of a large coil that is...
Read MoreRemarkably, 10-year yield has declined beneath its December 2008 “crisis” low of 2.04% to a new “generational low” of 1.94% so far, as global money continues to flow into U.S. Treasury paper (despite its...
Read MoreEven though there was supposed to be job creation near 100K, I don’t think anyone should be shocked by the reality of absolutely no job creation. When we study the important economic reports that have come in recently, we...
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