Let’s have a look at the BIG picture chart analytics of Alcoa (AA) ahead of its initiation of the new earning reporting season starting tomorrow evening after the closing bell. I post the AA chart analysis merely as a way...
Read MoreIt was nearly a perfect session for the bulls today as the stock market indices gapped up at the opening, ran steadily all morning, slowed down the ascent, but continued to rise into late in the session and were near their...
Read MoreSpot gold prices rocketed again in overnight trading, reacting to Bank of Japan’s renewed ZIRP as a cue to investors to get out of very low or no rate of return investments into riskier ones! Gold certainly qualifies and...
Read MoreIs this the time we lose this critical level and just give up the ship? Always possible, but I don’t think that’ll be case, even if we do lose 1131 for a little while. We’re testing down for the third time and...
Read MoreThe stock market indices started off the week on a negative note from the get-go, opening lower, then bouncing, dropping to lower lows, bouncing one more time, and then really rolling over hard to the lows for the day by just...
Read MoreApart from the fact that Barrick Gold (NYSE: ABX) is down 4% since last Thursday’s high at 47.65, the overall pattern off of its July low at 39.67 still remains potentially extremely combustible — as long as the...
Read MoreThere is a large belief that the market has no chance for a break up and out from here. That the top has been put in when it failed above 1150 a day back. That may very well be true, but I don’t think that’s the case...
Read MoreThe stock market indices ended mixed at the end of the day with better results on the New York Stock Exchange than on Nasdaq. The day started out with a gap up on both indices. They reached resistance, then sold off very sharply...
Read MoreApart from the convoluted fundamentals in Citigroup (C) — with government ownership, sale and influence — my technical work is telling me to get long. The chart pattern has the look a price structure that’s on...
Read MoreSo far today, the weakness in the SPDR Gold Shares (NYSE: GLD) has not inflicted significant technical damage to the Aug-Sept uptrend. To do that, the GLD must break back beneath today’s low at 126.61– and follow...
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