The iShares Silver Trust (SLV) is down 20% in 4 trading sessions. Let’s notice that the SLV has given back ALL of its near-vertical upside blow-off type action ($37.00-$48.35) after the price structure hurdled the top of...
Read MoreThe stock market indices had a difficult session today and were down for most of the session. In the last hour they had a sharp rally back off of key support, perhaps due to short covering, which prevented the indices from much...
Read MoreSince its January high at 175.34, Goldman Sachs (GS) has carved out a descending stairstep pattern that is starting to exhibit the right form of a completed correction, both in terms of its double April low at 149.55/64 and in...
Read MoreThe market began the day with so much hope. Bin Laden was killed by American forces yesterday late, and the market was celebrating it overnight. Futures were up, but only about 100 points on that news on the Dow. Not exactly...
Read MoreIt was an interesting week for the stock market. It had the big news from fed Bernanke on how he would deal with rising inflation that seems to be getting a bit out of control. The Government tries hard to down play how bad...
Read MoreThe stock market indices ended with another strong day although mixed at the close. However, a late pullback on the Nasdaq 100 put them in negative territory. The day started out with a move up, a pullback, a broad rally midday,...
Read MoreRight now all of my work in Cisco (CSCO) argues very strongly that the April 19 low at 16.52 ended its bear market phase from its April 30 high at 27.74. If accurate, this means that the strength off of 16.52 either represents...
Read MoreThe stock market indices had a mixed day today with the blue chips up and the Nasdaq down at the end of the day. The day started out with a gap down, and then the indices bounced around with the Nasdaq 100 moving lower. The...
Read MoreSilver Wheaton (SLW) has extended yesterday’s upside reversal action and pierced its April resistance line at 42.60, but has not yet accelerated from the upside breakout level. The ability to do that will provide...
Read MoreIt was another big day for Wall Street. The stock market indices ended near the session highs going away at another new 2011 S&P 500 high. More importantly the indices closed with very positive gains today and strong...
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