Just an few observations. Silver is still up over 10% for the year and we still have a lot of year left. Anybody who tells you the bull is dead in silver is making a baseless conclusion and is more interested in making...
Read MoreI’ll start off with the positives in the markets and it begins with the Semiconductors index (SMH). At one time today it appeared as if semi’s were going to break out, but a bout of late day selling from the major...
Read MoreI don’t have much to say except that I’m getting less bullish as each day passes. This longer time frame of the Nasdaq shows a bearish wedge forming and a break below will probably send this index back around the...
Read MoreTech problems with WordPress tonight so I couldn’t upload the video, but I did post it on Twitter. Despite 2 days of selling the Dow has held up very well and there’s really no reason to think that buying the dips...
Read MoreIf you ever thought that the price of gas goes up faster than the price of oil you are correct. Below are oil and gas charted over the same time period and you can see how the two are close in correlation, but gas moves...
Read MoreSell off on what the media portrays as “good news”. Individual stocks in my watchlist behaving poorly Stocks I own performing just plain bad One quality breakout added to my watchlist (see chart below) Volume was...
Read More…that should outperform many other stocks over the next one-three months. They’re all breaking out to new highs, clearning important previous levels of resistance, and investors loved their earnings reports based on...
Read MoreThis week is going to be interesting to see if the markets have a much needed pullback. I almost get the impression that a lot of traders are expecting that and while so many of my indicators are aligned with that thinking, the...
Read MoreThe S&P could squeeze a little bit more out of the rally if you look at the RSI. What you can’t see is the rest of the chart as I only have so much room before it all looks like a bunched mess of candlesticks, but the...
Read MoreThe following is a book review by Stephen Burns. A Trader’s First Book on Commodities: An Introduction to the World’s Fasting Growing Market by Carley Garner With the current high-inflationary environment in...
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