My big-picture analysis in Cree Inc. (CREE) argues strongly that its August double low at 26.36 and 27.78 represents the conclusion of the major correction off the April 2011 high at 83.38. It also marks the start of a...
Read MoreGold climbed to a new nominal all-time high in yesterday’s aftermarket hours, but has since pulled back. That said, the pullback is orderly and so far appears to be taking the form of a near-term “digestive...
Read MoreI spent part of the day in a hospital, and I’m tired, so tonight’s report will be a little shorter than usual. The market was very oversold on the short-term charts heading into the weekend and when those charts get...
Read More“Triangle, triangle on the wall, what are thee telling us about market direction overall?” Neither the lack of European financial integration nor the imminent fall of Gadhafi have jogged the Euro and Brent crude oil...
Read MoreWe look for defining moments that tell us something has changed. That what was once one trend is now another, although it’s hard to see it initially. It’s about trusting those technicals that tell you where one...
Read MoreDuring the last few sessions, my intraday gold/silver ratio work has been warning me that the recent leadership role of gold’s upside acceleration might undergo a change. No, not that gold will reverse, but more than...
Read MoreAnd that means whipsaw, but little action worth talking about. The top today at 1208 should be the near-term high, although we will look for signs that it could be exceeded in the days ahead. 1101 is the clear low, and that...
Read MoreThe pattern carved out in the SPDR Gold Shares (GLD) off of last Friday’s low at 167.77 continues to exhibit bullish form and is perched atop its most recent rally that peaked earlier this morning (pre-open) at 174.71....
Read MoreThe Markel-Sarkozy press conference managed to leave today’s high at 1201.50 in the emini S&P 500, which we notice is just below yesterday’s high at 1201.75. The decline this afternoon from 1201.50 to 1177.50 has...
Read MoreText book market back test under way off the lows, which I’ve talked about. It’s normal market behavior to test back up once you get a massive breakdown such as we’ve gotten. The oscillators got violently...
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