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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Radio Free Wall Street
Posts Tagged ‘ Gap ’
Another gap up crushes more shorts
Sellers pile in at the close,but another first of the month Mutual fund jamfest for da boys.
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Another Rally From the Valley, Ho Ho Ho
SPX cash left us with a 2 day cycle projection of 1318 at yesterday’s close. Say bye bye to that. The new projection is 1328. A 3 day cycle projection points to 1326, and a new 5 day cycle projection resulting from this morning’s gap open points to 1329. Resistance is suggested at a...
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Nowhere To Go But Sideways
The blowoff ended yesterday morning and SPX cash has drifted down irregularly, hitting the last 2 day cycle projection of 1315 late yesterday. The 2 day cycle oscillator formed a trough at the end of the day, and has barely edged to the buy side in the opening minutes today. 5 day cycle indicators...
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Up Up and Away
SPX (cash) opened with a massive gap that resulted in a 2 day cycle projection of 1303-07. The gap down triggered sell signals on 2 and 5 day cycle oscillators. Resistance is suggested at an 8 day cycle inner channel line at 1305. If that’s cleared, the next one is at 1314. Support is...
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Market Sells Off At Open, Hits Prior Pivot Support, But Looks Lower
SPX (cash) tanked on the open in NY after hitting its 2 day cycle projection late Thursday. The gap down triggered sell signals on 2 and 5 day cycle oscillators. These indicators had negative divergences versus the SPX double top at about 1296.50 near Thursday’s close and early Tuesday. The new 2 day cycle...
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SPX and NDX Update: A Rally, or Just a Blip?
Yesterday, the market again traded right down into my target zone, but, as mentioned yesterday, there are now two solid reasons for shorts to be cautious at these levels:
1) The alternate count suggested a bottom right in the target zo...
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On Corzine – MFG in the fog of war
I watched Jon boy. I didn’t hear any smoking guns. That doesn’t mean there weren't any. Keep in mind that Corzine has the best lawyer (for this) that money can buy. Andrew Levander has been advising the former CEO of MFG on every word he says.
I w...
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SPX and Dow Update: Just the Fax, Ma’am
Alrighty then. Apparently, the hours I'm keeping have become too much for my body these last few days. Many apologies. Here's the charts I finished last night before falling asleep at my computer for the 3rd night in a row. ...
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How do you say "bank run" in French?
While the liabilities can in theory keep rising for ever within EMU, they signal grave imbalances, such as the North-South trade gap so long ignored until it proved fatal. They ultimately leave debtor central banks deep under water if the eurozone brea...
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Portugal raids public pension fund, joining Ireland & Hungary..
UK Telegraph
Excerpt:
The cabinet agreed to transfer the assets from four of Portugal’s biggest banks to the state balance sheet.
The assets will be used to bridge a gap needed to meet the fiscal deficit target of 5.9pc of GDP set by the terms of...
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Analysis: India inches closer to crisis as rupee retreats
Analysis: India inches closer to crisis as rupee retreats
Reuters – 1 hour 42 minutes ago.. .
By Swati Bhat and Emily Kaiser
MUMBAI (Reuters) - India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving t...
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Market Opening Outlook 11/18/11
We left the cash market yesterday with a 3 day cycle projection of 1208 that was just about hit. The 2 day cycle turned up at the bell, with an initial projection of 1218. The SP futures have exceeded that in the pre market, hitting 1230, and now trading at 1222, suggesting a gap...
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The One Country That Could Take Down the Eurozone – And It’s Not Greece
It's been a rough few weeks for the Eurozone.
Portugal is still in trouble, Spain will be back on the coals after its Nov. 20 election, and if I were a bond trader, I would be shorting Belgium, which has serious deficit and debt problems, runs for months at...
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Older Americans are 47 times richer than young
Older Americans are 47 times richer than young
NEW YORK (CNNMoney) -- One of the most basic tenets of the American Dream is being called into question by recent economic data. Can each new generation do better than the one before it?
So far, t...
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ES 1233.50 +9.00 +0.73% up 17 from afterhour lows
Just as I thought, futures are jamming on positive futures in Europe which is natural considering Germany was down 5%, France 5%, and Italy 7%+ yesterday. (Italy markets fell the most in 3 years! Italy is quickly reach critical meltdown and could mak...
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This Is How Income Inequality Destroys Societies
If you're at the top, and you think that widening the wealth gap doesn't effect you, let me put this gently: you are completely and totally wrong.
Richard Wilkinson, Professor Emeritus of Social Epidemiology at England's University of Nottingham, r...
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Confusion
Gap and crap and gap and crap
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A New Lost Decade is Leading to Revolution
Memo to the Super Rich, your high-paid lobbyists and your no-compromise political puppets whose sole mission is destroying the presidency: Yes, you are succeeding. You’re also killing the economy. ...
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Spend, Spend, Spend
As the economic slump that began in 2007 continues, the question persists: Why? Unless we have a better understanding of the causes of the crisis, we can’t implement an effective recovery strategy. So far, we have neither.
We were told that...
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Geithner firmly rebuked
U.S. LECTURING NOT WELCOME
Several euro zone ministers in Wroclaw seemed peeved that the United States, itself burdened with a large budget gap and debt, was lecturing Europe on what should be done.
"He (Geithner) conveyed dramatically that we need t...
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Op/Ex week stupidity
Gap em' then crap em'.......
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As Greek Debt Default Nears, Investors Need to Take Cover
At this point a Greek debt default is virtually unavoidable, and it could happen in a matter of weeks.
The ensuing chain reaction will upend markets around the world and will almost surely lead to more defaults among the European Union's (EU) other debt-plagued nations, collectively known as...
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Double Dip or Not? The Data and Policy Implications
Econbrowser
September 07, 2011
Double Dip or Not? The Data and Policy Implications
We know that in the aftermath of combined housing busts, financial crises, and recessions, recoveries are typically modest if not halting, even if the recession is deep...
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Fiscal Suicide, Part II: A Swirling Motion
The debt “negotiations” are going on in a vacuum, with little detail about what is on the table for “spending reductions” or revenue enhancements. For example, on this process over the weekend (in Part I of this article), I gave a list of high-impact FY 2012 budgetary roll-off items that, if extended, would constitute actual...
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Gary Shilling’s Seven Faces Of Deflation
Gary Shilling's Seven Faces Of Deflation
A. Gary Shilling 07.15.11, 6:00 AM ET
The two-year upswing in commodity prices led many to fear a return to significant inflation that would engulf the overall economy. Most commodity prices, however, peaked e...
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U.S. May trade gap widens to $50.2 billion
July 12, 2011, 8:47 a.m. EDT
U.S. May trade gap widens to $50.2 billion
Deficit driven by higher oil imports; biggest gap since fall 2008
By Jeffry Bartash, MarketWatch
WASHINGTON (MarketWatch) — The U.S. trade deficit jumped 15.1% in May to the ...
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No Roll Over Beethoven
If nobody is going to open M2M, may I try?
The indexes did not roll over but,
Fall into the GAP?
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10 States Where Pensions Are Running Out of Money
Corporate pensions, municipal pensions, state pensions — each category has funds that have run out of money and certainly many are running low. The fate of the UAW pensions was a critical part of the US bailout of the auto industry. Eventually, th...
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SPX and Nasdaq Updates: Long-term Charts Show Market Faces Key Resistance Levels
Yesterday, I spoke about the possibility that Minor Wave (2) up could complete its top within hours, and it's entirely conceivable that came to pass yesterday. Once again, the market gapped up, and once again, the bulls took it nowhere ...
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