Not much new to report on the metals except that they bounced as expected and it appears this short term bottom will hold. If one wanted to take a position at these levels there are some very clear stop loss areas enabling you...
Read Moreclipped from www.financialsense.com Since the March 9 market lows, we have seen broad-based pessimism give way to a synchronous relief rally in risk assets around the world. We would like to believe that March 9 was...
Read MoreWith the intense economic environment of massive job losses and an uncertain stock market, it’s not surprising to learn that people have hunkered down and increased their savings to help weather the storm. In fact, some...
Read MoreToday’s rally topped out at the 61.8% Fibonacci retracement level, to the exact point! It will be interesting to see if that is the top of the most recent...
Read More54% of today’s volume was to the downside. I find that surprisingly telling that we are closer to a top than a new leg up. I also found it extremely difficult to make any money trading momentum. I think the only people who...
Read MoreHas the Housing Market Really Hit Bottom or Is It Headed for Another Collapse? By Jason SimpkinsManaging EditorMoney Morning A rash of positive housing data has given some analysts hope that the housing market has bottomed and...
Read MoreNothing really does change does it? You’d think that after more than 70 years the Government would learn to stay out of the free markets. Even back then people were complaining about the manipulation and interference that...
Read MoreThe Dow seems to be stalling like it did back in June. This time could be a different end result as we’re right near resistance and a rejection wouldn’t be unreasonable. I wouldn’t be shorting this until the...
Read MoreAnytime you look at a chart and see a dramatic move such as this, it’s important to take notice and dig deeper for implications. clipped from www.financialsense.com Below you see the big picture of all cross-border flows...
Read MoreWill First-Half Gains Give Way to Second-Half Pain? [Editor’s Note: After more than a year of chaos and controversy, some of the leading U.S. banks saw their stock prices soar during the second quarter. As part of its...
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