Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
Read More »
The SP futures (or ES electronic mini S&P) have been in a slow downward drift after making a double top coincident with the open of European trading, versus a pivot high earlier last night. The Spoos dropped below the 2 and 5 day cycle centerlines, both moving sideways at about 1339 and 1337 respectively,...
Read More »
There is very little to add to the overall picture after yesterday's action. The market came within 16 cents of adding confidence to the bear count, but did not. The action yesterday now forces me to give a slight edge t...
Read More »
Well this is different. The market opened slightly weak after the S&P futures had a tiny pullback in the pre market. The 2 day cycle oscillators on SPX cash had been on the sell side since mid day yesterday, and are now on the cusp of either continuing down from around the neutral zone,...
Read More »
Much as I'd like to give the bears something to be really excited about, yesterday's action wasn't terribly encouraging, and has left some questions about the decline from 1333-1300. Yesterday's morning spike exceeded the 1320.06 high, and&n...
Read More »
Bears fried,bulls sucking wind....
Read More »
The bears finally showed a little bit of strength yesterday, although the decline was almost entirely retraced by day's end. Before I get to the short-term bear counts, I'm going to present the slightly more bullish alternate, then...
Read More »
Bears getting frustrated with these endless intraday tape jams.Below ES 1306-1307 is where the bears need to take it.
Read More »
Could be an historic turn at these levels,but until the SPX cracks 1285-1290 I will guess bulls are still in control.
Read More »
"Everybody knows that the dice are loaded, everybody rolls with their fingers crossed.
Everybody knows the war is over, everybody knows the good guys lost.
Everybody knows the fight was fixed, the poor stay poor and the rich get rich.
That's how it g...
Read More »
The aggressiveness of the dip buying is relentless,but the volume is just fumes.Bears are hoping the AAPL rots AH.....
Read More »
Wednesday's market action pushed up into the 1300-1310 resistance zone I've been talking about for a couple weeks, and this is the bears last real line of defense in the short term. We've looked at so many indicators over the ...
Read More »
100% bulls,and 100% risk free returns....
Read More »
Way off the highs,but the green keeps printing for now.
Read More »
Seems like this rally will never end......
Read More »
Bears have given up and bulls still chasing any crap they could find.....
Read More »
I think being long this market right now is exceptionally risky.
Yesterday, I suggested that the sentiment survey due out today from the American Association of Individual Investors would indicate that sentiment levels were reaching bullish extremes.&n...
Read More »
Yesterday’s blastoff means that the bias remains to the upside, this morning’s little giveback notwithstanding.If the bears can’t stop it here, 2012 would have a tailwind for an up year, not because the economy is so great, but because central bank money printing would flow through paper assets. Tweet
Read More »
I was watching CNBC last night, and it seemed like every other guest was predicting Dow 36,000 for 2012. Correct me if I'm wrong here, but don't bull markets start when everyone is bearish? In March of '09, AAII sentiment was over 70% bears...
Read More »
Bears not off to such a great start,those big gaps gotta hurt.
But the close for the bulls was not so great...
Read More »
ECRI Recession Call: Growth Index Virtually Unchanged For 7 Weeks
by: Doug Short January 2, 2012
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) posted -7.6 in its latest reading, data through Dece...
Read More »
The bears got a gift on Wednesday, but there’s a question of whether it will be one that keeps on giving. There are few sell signals yet, but there are some indications that are leaning that way, particularly the timing of the turn coincident with the date on which the idealized 8 week cycle...
Read More »
Barring an immediate and dramatic decline, cycle screening measures have sent a major trend bullish confirmation signal. Tweet
Read More »
Market went nowhere fast.
Read More »
Twitter links powered by Tweet This v1.8.3, a WordPress plugin for Twitter.
SPX Update: Do-or-Die Week for the Big Picture Wave Counts
On Friday, the Dow Jones Industrial Average (INDU) came within 6 points of its 2011 high. If this high is broken, this would be an extremely significant event for the counts, since second waves cannot exceed the beginning of first ...
Read More »