Someone needs to enlighten me as to why many think the fed was going to begin speaking about, or hinting at, raising rates. The economy is the stock market. The stock market is rising, based on liquidity from the fed. Raise...
Read MoreThis is shaping up to be a very important and a very interesting day for the precious metals and the mining names. With oil inventories putting pressure on U.S. oil prices in general, it remains to be seen if oil’s impact...
Read MoreThe stock market indices had a mixed session, moving back and forth all day. The Nasdaq 100 moved eight different directions today and then spiked up in the last hour, breaking out through resistance, although the S&P 500...
Read MoreMy intermediate-term pattern work in U.S. Steel (X) argues strongly that last week’s low at 51.33 ended the correction off of the January 3 high at 61.18. If proven accurate, that means the price structure held the top of...
Read MoreThe stock market indices had a surprisingly solid start to the week despite some back and forth early on. They were able to break out and then run in the morning, consolidate midday, and then come on towards the end to close...
Read MoreThe difference between a bull market and a bear market is action such as you saw today. The overall market holds up, while froth stocks continue to mostly head lower and continue their correction off their most recent tops. The...
Read MoreMy work is telling me that Amgen (AMGN) has an extremely bullish near and intermediate term technical set-up. Call it a giant base pattern that started in early 2007, or call it a giant coil type of sideways consolidation...
Read MoreIf you’re holding the classic froth high P/E stock you had one of the worst weeks of your trading lives. Slaughter’s everywhere. If you’re holding lower P/E stocks then you had a nothing from nothing week even...
Read MoreThe stock market indices ended the week on a sour note. Although the Dow and S&P 500 were still up on the day, they fell substantially off the highs and the Nasdaq 100 plunged into negative territory, closing down on the...
Read MoreThe weakness in Barrick Gold Corporation (ABX) from its Dec high at 55.72 to yesterday’s low at 45.75 (-18%) has returned the price structure to a critical convergent support area around 46.00-45.50. This represents the...
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