A very quiet day, but the sellers are MIA — at least for the time being. The enclosed comparison chart perhaps sheds some light on what is going on – bond prices continue to press lower concurrent with bouyant...
Read MoreThe stock market indices were narrowly mixed today and a little choppy. They started out with a gap to the upside and that was it. Basically, they reached their session highs in the first few minutes, sold off sharply in the...
Read MoreMy near- and intermediate-term work indicates that Archer Daniels Midland (NYSE: ADM) is preparing to thrust to the upside into a new recovery upleg that should propel prices to 31.25/50 and possibly to 32.50. Yesterday’s...
Read MoreThe stock market indices had a very interesting, volatile day with a gap up and a quick pop to resistance which failed, and then rolled over very sharply at that point and reached the session lows after about an hour of trading....
Read MoreYou have to laugh at how these handles can drive you crazy. They take their sweet time playing themselves out, that’s for sure. When those measurements were made on the S&P 500, Dow and Nasdaq, I warned you an extended...
Read MoreAbout 30 minutes ahead of the results of the 10 year Treasury Note Auction, rates on the long end continue to climb — as seen here with the pattern exhibited by the ProShares UltraShort 20+ Year Treasury ETF (NYSE: TBT)....
Read MoreThe stock market indices had a topsy-turvy day, but ended near the flat line. The day started out with a big gap up, and then it sold off immediately, consolidated midday, and then rallied early afternoon only to rollover hard...
Read MoreA comparison of the daily charts of the Shanghai Composite, and the S&P 500 shows that each index turned up on November 29-30. The Shanghai turned up after a 50% correction of its July-Nov. advance, and off of its 200 DMA at...
Read MoreThe stock market indices started out the week on a down note, but came back from deeper losses. The day started out with a move down. Then they bounced, with the S&P 500 not keeping pace with the Nasdaq 100 when the NDX...
Read MoreThe market has its head down again. It refuses to pull back decently even when the oscillators say it would be best if it did. The daily charts are not quite overbought except for the mid caps, which are flashing a 70 RSI on...
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