I am not sure what to make of Freeport-McMoRan Copper & Gold Inc. (FCX). On the one hand, it has climbed 19% off of its July low. On the other hand, its larger pattern resembles a huge 3-year topping formation. So here we...
Read MoreThe stock market indices had a mixed session at the close, but came way off the lows after the FOMC made some positive statements that helped the market rally. The day started out, however, with a dip. They then bounced, with...
Read MoreSo the market tried very hard to follow through to the down side after yesterday’s reversal, and was doing so successfully, until those Fed minutes were read at roughly 3:00 PM Eastern Time. That was the end of the deeper...
Read MoreIt has been about 5 weeks since I last wrestled with Cheniere Energy, Inc. (LNG) in the immediate aftermath of its second secondary this year, which forced me to average down and then trade out of it pretty much at break even....
Read MoreSpot gold has broken above key, 10-week resistance at $1625, and has continued higher quickly towards more important resistance at $1640.30, the June 6 high, which, if hurdled and sustained, should trigger upside continuation to...
Read MoreWow… Apple Inc. (AAPL) is on a mini-parabolic rip to new all-time highs at 664.74 so far. AAPL’s “major” parabolic rip occurred between Feb and Apr 2012, from 470 to 644, prior to a 6-week bout of...
Read MoreThe market has shifted in the past four weeks, or so, from trying to break down to actually breaking out on the Nasdaq, and it’s getting very close to doing so on the S&P 500, which is a necessary confirmation for the...
Read MoreYesterday, Brent Oil met its secondary upside target zone of $115.00, and has since pulled back a bit. Let’s notice that my 4-hour momentum gauge shows a glaring divergence at yesterday’s high, which, if nothing...
Read MoreAfter nearly breaking key important support yesterday at 43.75/70, the Market Vectors Gold Miners ETF (GDX) has recovered strongly by 3.3% as it climbs off of its prior upside breakout plateau of 44.00-43.60. The ability of the...
Read MoreToday was the day the bears wanted to have to make a statement. They held the bulls at bay late yesterday with a late reversal lower. The bears should have had a very easy time knocking the bulls out today by taking things lower...
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