And that’s not bad news at all. The market could definitely use more to refresh. A longer time to pause to sell off slowly but gradually. Enough time to unwind those oscillators from neutral to oversold on those daily...
Read MoreThe insider trading news, along with the mortgage crisis and perhaps an association with the Irish-EU banking crisis, have combined to clobber the major money center banks like Goldman Sachs (GS), JP Morgan (JPM), and Bank of...
Read MoreWhich really means that the market has now traded for two weeks within a range that should last for many weeks more if not a bit beyond that. This is what is normal and takes place once you make your measurements on all the key...
Read MoreThe stock market indices had a really spectacular morning, in particular, where they gapped up huge, ran hard, tested the 2145 area on the Nasdaq 100 and the 1200 area on the S&P 500, and backed off. They came on again, with...
Read MorePurely from a technical perspective, the decline in Archer Daniels Midland (ADM) from the October high at 34.03 into Tuesday’s low at 29.37 (-13.7%) has found support in a critical area that represents the 200-day moving...
Read MoreThe stock market indices ended mixed today, but it was an interesting ride. They started out firm, running up to resistance at 2110 on the Nasdaq 100 and 1184 on the S&P 500. Then they backed off and coiled for several...
Read MoreFor now that is the best way to explain how it’s doing with regards to those key 50-day exponential moving averages. Barely hanging above them, but not exactly exploding away from them, so they’re far away in the...
Read MoreSince yesterday morning’s pivot low at 24.44, right off of the Aug-Nov up trendline, the iShares Silver Trust (NYSE: SLV) has climbed to 25.33 (+3.6% so far), in what looks like the initiation of...
Read MoreThe stock market indices extended their slide into the sixth day and accelerated to the downside today, reaching new pullback lows, piercing some key support levels at 2100 on the Nasdaq 100 and 1180 on the S&P 500. They did...
Read MoreThe stock market indices ended mixed on the session after an afternoon sell-off. The day started with a gap up. They pulled back, tested support, and then stair-stepped their way higher. By midday they were at the session highs...
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