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Author: Jeff Pierce

Market Internals Turn Cautious

  Remaining flexible in these markets is crucial as I may be extremely bullish one day and when the charts change I try to change with them. I’m not sure if the markets are going to correct longer than just a few...

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Bonds Bounce at Bollinger Bands

  Was trying for all B-words but couldn’t think of one for “at”. Anyhow..it has been awhile since I’ve talked about bonds or really heard anything positive about them anywhere on the blogosphere, so...

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Cliff Jumping or Dip Buying

  The trick in reading a chart is whether it’s a buying opportunity or a last chance to get out before the big plunge. Today was a continuation day but the jury is out whether a 2 day correction is all this...

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Bullish Patterns Continue to Emerge

  As long as stocks with bullish implications such as cup/handles continue to show up on my nightly scans, this market is going to grind higher. Today gold, along with the general markets rebounded just as I thought they...

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Metals Should Continue Higher

  Yesterday I put some targets for a silver pullback and it hit the .38% fib number today. I also think gold is overdone on the downside and should begin to turn back up from here. Judging by how UUP reacts at the upper...

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Bad Day, Still Bullish Though

  Today was probably the worst day I’ve had since this uptrend started a few months ago. It’s funny because I was starting to get bearish on the markets, or at least thinking we were going to get a pullback day...

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