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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Bears fried,bulls sucking wind....
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Could be an historic turn at these levels,but until the SPX cracks 1285-1290 I will guess bulls are still in control.
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The aggressiveness of the dip buying is relentless,but the volume is just fumes.Bears are hoping the AAPL rots AH.....
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SPX (cash) had a late surge on Friday pushing the 2 day cycle projection to around 1317. 2 day cycle oscillators had been on the buy side since mid day. Resistance was indicated at the 5 day cycle centerline at 1315.50 and the 8 day cycle centerline at 1316.50. With a move above those...
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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 ...
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100% bulls,and 100% risk free returns....
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Way off the highs,but the green keeps printing for now.
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Bears have given up and bulls still chasing any crap they could find.....
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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...
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Bears not off to such a great start,those big gaps gotta hurt.
But the close for the bulls was not so great...
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Over the past few weeks, we've had a number of discussions on trading strategy. In this article, I'd like to reiterate, and add, some key points:
1) Know your exit before you enter a trade.
Once you're in the trade, ...
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In studying the charts tonight, one conclusion is certain: the market has no intention of making this one easy right now. I can see at least half a dozen viable short term counts in the charts tonight. And then, just as...
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I guess 1.9% TNX yield looks better than losing 50% or more of your portfolio when reality sets in.
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Will they paint this tape until year end,or will a surprise appear to burn the bulls?
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On the exceptionally light volume of Friday's session, the SPX staged a breakout over its 200 dma and a major resistance line. The Dow Jones Industrial Average also knocked out my preferred count, which had held its ground since October. &nb...
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There's been no material change in the counts since yesterday. The primary occurrence of note on Thursday was the SPX reached the 1254.50 target.
If this is a corrective second wave, as the bearish count sees it, then a top is f...
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Bulls still buying dips like mad,they are sure of the next bailout.....
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When we left off here last Wednesday I suggested that the massive thrust in the new short term buy signals in the screening data would mean that there would be enough residual momentum to keep the bias to the upside for at least a few weeks. Here’s an updated look at that idea.
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This is a quick dollar update, since so many markets are tied to the dolla...
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For the first time in recent memory, the bears get to have turkey for Thanksgiving, the turkey being this market. Cycle projections are having trouble keeping up with the price action, but a new set of projections is now available for all key trading cycles that should please the bears and scare the bulls....
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bulls can't get a break...
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Rallies don't seem to stick.
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Foreign central bank (FCB) buying of Treasuries was again heavy this week, two weeks after hitting a record level. Their buying binge of recent weeks pumped plenty of cash into US markets. That normally leads to a stock market rally, but not this time. Meanwhile, there’s evidence that withholding tax collections are weakening versus...
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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.
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SPX Update: Giving the Bulls Some Airtime
"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...
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