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...
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Posts Tagged ‘ Break ’
The Trend Is Your Friend
There’s a reason why old Street hands are so fond of the idea that “the trend is your friend.” Many indicators are mixed or in a borderline state, but until prices break support, the uptrend must be given the benefit of the doubt. While cycle tops are way overdue on the 13 week and...
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Panic On Claims Not Supported
OK, so the market doesn't like the claims number, which missed anal cyst's estimates by a wide margin. Let's look at the facts.
Not seasonally adjusted, in other words, actual, claims rose by 102,000. Continuing claims wk ended 12/31 up by 361,000. Ho...
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Market Going Nowhere Until It Breaks These Levels
SPX (cash) closed Friday on a weak note with 2, 5 and 8 day cycle oscillators all turning down, but with 2 and 5 day cycles both due for a cycle low imminently. The opening here is virtually unchanged from Friday’s close, with the indicators mixed and directionless. Support is indicated at about 1277,...
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Market’s Cape Fraying, But May Still Be Able To Leap A Tall Building
Technical indicators show some fraying around the edges. 10-12 month cycle momentum is surging on the buy side, but VIX keeps sending sell signals. Conflicting indications abound. This report gives keys to judging which way the market will break. Tweet
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Chart of previous gold panics; Sinclair loosely estimates next at $2100
http://www.jsmineset.com/wp-content/uploads/2012/01/GoldPanicPeriods.pdf
Sinclair links ContraryInvestor
Excerpt:
For now, the thinking that gold’s break of the 200 day moving average is the sure sign of bull market death is white noise. ...gold ...
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The Surveillance Catalog – Where governments get their tools
The Surveillance CatalogWhere governments get their tools
Documents obtained by The Wall Street Journal open a rare window into a new global market for the off-the-shelf surveillance technology that has arisen in the decade since the terrorist attacks...
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Support Test Imminent
The market break felt significant, and a 13 week cycle down phase has been signaled, but neither the Dow nor the S&P broke key support levels. Here’s what needs to happen for the bears to take over, or for the bulls to stay in charge. Tweet
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Make or Break Market
It will either make it through resistance or it won’t. Here’s what you can look for and expect, either way. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give...
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Is Today’s Market Going to Sucker You into the Wrong Side of the Trade?
What if, today or Monday, the S&P 500 (SPX) suddenly broke out of the trading range it's been in since August?
Weak bears would likely cover their shorts immediately, and bulls would almost certainly add to the...
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Market Has Fallen, Can It Get Up?
It’s too soon to tell if today’s slip and fall was just a benign pullback or something more sinister. There’s nothing concrete to indicate that there’s anything seriously amiss with what looks like a typical bear market 13 week cycle up phase, but the potential for big trouble is there, since the market failed...
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Do Or Die, Make or Break, Moment of Truth
With 6-7 week cycles starting to strengthen and 6 month cycles edging back to the plus side, the market appears to be getting in gear on the upside in all key swing cycle time frames. However, within an oft crossed trading range, the appearance of strength can be misleading because of the thinness of...
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Market Reaches Point of No Return
The market has reached a point of no return—key support lines of which a break would signal a likely change of trend. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I...
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New Home Sales Break All Time Record!
New home sales came in at 19,000 units in January. according to the Commerce Department. This is the lowest monthly level of sales in recorded history. The government began taking the survey in 1963. In contrast, sales in January 2005 were 92,000 units...
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Russ Winter’s Actionable- Looting the IMF
A break in the endless transfer payments scheme and props to the US consumer economy may be developing as there is no support for extending unemployment benefits beyond 99 weeks. 400,000 a month would lose benefits. So now apparently unemployment is only going to be in part a permanent entitlement program. According to the BLS, a...
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Inside Break- Professional Edition
The size of the changes in the intermediate numbers suggests the possibility of a powerful downthrust. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund....
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Will “Executive Pay” be the Lever to Break-Up the Big Banks?
Responding to the growing furor over the paychecks of executives at companies that received billions of dollars in the government’s financial rescue, the Obama administration will order the companies that received the most aid to deeply slash the compensation to their highest paid executives, an official involved in the decision said on Wednesday. CNBC...
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A Welcome and a Clarification
Welcome to the thousands of new readers from Zero-Hedge and Naked Capitalism (thanks for the links). As you might surmise from reading the archives I post in spurts. Sometimes, as has been the case lately, I post daily and then I take a break, recharge and rejoin the fray. I figure I provide good...
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Break Down Or Else- Professional Edition
There are plenty of intermediate sell signals in the group and sector ETFs and the broad market charts but, so far, the market is only moving sideways. Bears need a price break within days, or this will turn out to be just another internal correction in an uptrending market. Click here to download complete...
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The Entertainment Zone- Professional Edition
As dramatic and as satisfying today’s drop may have been to bears, technically it didn’t accomplish much. We are still in the “Entertainment Zone.” Until they break support, “nothing has happened yet.” Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If,...
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Sweeping Conclusions – Professional Edition – LINK FIXED
Indications were mixed on a quiet day, compelling us not to reach for any sweeping conclusions. The major averages continue to hang around near major resistance levels. If they break these, then there’s room for a significant extension of the rally. Click here to download complete report in pdf format (Professional Edition Subscribers). Try...
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Bears Don’t Grab The Ball – Professional Edition
The market failed to break through key resistance lines. On the other hand, short term uptrend channel held. Because they didn’t break out, bears get to live another day, but they have yet to take control. The uptrend is still intact, for now at least. Click here to download complete report in pdf format...
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Will It? – Professional Edition
Intermediate indicators strengthened and centered moving average projections rose on Friday. However, the major averages and most individual sector charts have yet to break through key resistance. So will they? Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that...
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Actionable- Rise of the Jacobins
Markets ended the week in sloppy fashion, and the long weekend brings us to what could be the last test and likely break of the December lows. The causa promixa is of course more banking fall out, which is now reaching a terminal phase.
There is a great deal of discussion and confusion on various...
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SPX Update: Gaps Usually Get Filled
Yesterday, the market spent the majority of the session in consolidation mode, and formed a wave structure which looks corrective -- indicating that it's reasonably likely there are at least slightly higher prices to come before this wave com...
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