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 ‘ Lows ’
Employment Data Saga Continued: Krasting Says Larry Summers Misstates; Stockman Says It Goes Deeper
The Labor Force Participation Rate (LFPR) is a key economic statistic today. Changes in the LFPR are shaping the direction of the capital markets, federal economic policy, monetary policy and, most importantly, politics.
The LFPR hit a new record low ...
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Bulls In Clover While TBAC Is Smoking Dope As Usual
The Treasury market panic continued this week, with yields heading for new lows, thanks partly to a return of central banks to the table at a modest level, but mostly due to a ratcheting up of public buying. Bond fund inflows hit a record last week. It’s sheer panic. Bedlam. The panic atmosphere has...
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Bombs Away on the S&P
SPX cash hit the 8 day cycle centerline at 1320 late on Friday and immediately began to pull back. It had also hit a 2 day cycle projection of 1320. The 2 day cycle oscillator however did not get to the sell side by the close. They left that for this morning’s open after...
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SPX Update: Yet Another Top Signal — and Sentiment Suggests a Confused Public
This weekend, I was studying some data from the Yale School of Management which I found intriguing. I can't post their charts in this article, because I didn't receive written approval in time for publication, but I will link to their site in a m...
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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 Update: 12-year Study of Investor Sentiment Points to a Top
The latest American Association of Individual Investors (AAII) sentiment survey numbers were released yesterday, and amazingly, were virtually unchanged from the week prior. For the second week in a row, bearish investors remain at 17%,...
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Investors Pay to Lend to Germany, Want More From France
January 9, 2012
Investors Pay to Lend to Germany, Want More From France
By REUTERS
BERLIN (Reuters) - Investors paid to lend Germany a combined 3.9 billion euros (3.2 billion pounds) for six months on Monday, accepting a loss in a renewed flight to ...
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Paul Krugman is Dead Wrong, Debt Matters
Paul Krugman, the Princeton University economics professor, Nobel Prize winner, and regular New York Times op-ed contributor says, “Debt matters, but not that much.”Not only is he off the reservation on this one, but he’s completely fallen off his high horse. In the real world, debt actually matters a lot. In a New York...
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By the Pricking of Equity’s Thumbs, Something Wicked This Way Comes
Sentiment is awfully complacent, and volatility is low. Smells like May 2011--or August 2008.
Equities look ripe indeed for an "unexpected" bloodletting and resultant wicked correction. The general outlines of a equity bubble awaiting a nice ...
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Support Holds in Opening Selloff
The SPX (cash) has bounced from a 2 day cycle projection of 1266, but both 2 and 5 day cycle indicators have just turned down, suggesting that more downside is likely, but even the 3 day cycle projection only points to 1264 and time counts suggest that both 2 and 5 day cycle lows...
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Mortgage Application Searches Fall To Record Lows
Google searches for "mortgage applications" plunged to a 5 year low in December.
View full report in Google Insights for Search
According to researchers at the NY Fed, " Recent academic research finds that Internet search data can forecast the c...
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Analyst: The Stock Market Is About To Crash
Most of the folks who were dead wrong for years after the market low in March 2009 (see chart at right) have quietly given up, but at least one analyst is still calling for stocks to crash through those financial-crisis lows.
United-ICAP senior te...
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SPX and XLE Update: Light Volume Breakout is Highly Suspect
There's been no material change in the counts since yesterday. The expectation remains that a top will form sometime over the next week or two. Bear market bottoms tend to be V-shaped, but bear market tops are affairs that generally la...
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SPX, Euro, and Dollar Update: Are the Bulls for Real?
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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SPX Update: ‘Twas the Top Before Christmas?
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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SPX and NDX Update: More Selling Still to Come?
While the market has been hitting all my projections perfectly, every night I look at the charts lately seems harder than the night before. There are a lot of possibilities on the table right now, and because it's been range-...
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SPX and NDX Update: Market Appears Poised to Break Recent Lows
The market continues to try to convince us that it's strong, as it wallows around just below the 200 day moving average and a bevy of resistance lines.
I remain convinced that there is much more downside than upside left in this market over the m...
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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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SPX and US Dollar Update: Clues in the Dollar?
This week, we've looked at about a dozen indicators which seem to be suggesting that the market is forming a top. We've looked at divergence indicators, candlesticks, past market history, Elliott patterns, sentiment, and numerous other ...
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SPX Update: A Bit More Rally Still to Come?
There's been no material change in the counts since yesterday. The expectation remains that new lows will follow this rally. The primary question in my mind right now is whether that was it for the snap-back rally, or if there's one mo...
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US Dollar Update: More Upside for the Dollar?
This is a quick dollar update, since so many markets are tied to the dolla...
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Quick Silver Update (that’s "quick silver" as in "fast metal," not the element mercury)
I did these silver charts over the weekend, but then got hung up trying to locate silver in its Primary count, as well as Cycle/Supercycle count. The reason the larger degree of trend is important is because it could drastically change silve...
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Biggs revises opinion on economy
November 21, 2011 6:39 pm
Biggs revises opinion on economy
By Dan McCrum in New York
Barton Biggs, the veteran strategist and investor, has warned that he was too optimistic on the prospects for economic recovery and that the outlook for the US stoc...
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Are the ECB and IMF Doing "Something Big?"
Yesterday we mentioned the latest rumor in Europe, that the ECB would lend money to the IMF, which would in turn lend money to beleaguered governments. It seems Rube Goldberg-ish to us, but it's possible that this circuitous plan is more palatable tha...
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SPX Update: Crash Wave Ready; Confirmation Still Pending
There's been no material change in the counts since yesterday's update, however, I have narrowed down some possibilities for the current retracement rally.
(If you're new to the discussion, or to Elliott Wave Theory, it would&nbs...
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Looks and smells like bear market rally
Nov. 4, 2011, 12:01 a.m. EDT
Looks and smells like bear market rally
Commentary: Contrarians believe Oct. 4 lows will be broken
By Mark Hulbert, MarketWatch
CHAPEL HILL, N.C. (MarketWatch) — If it looks like a bear market rally, and smells like a ...
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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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SPX Update: Indecision 2012
No material change in the counts since yesterday. The S&P 500 (SPX) daily chart shows another indecision candlestick: in this case a dragonfly doji. This candlestick foretells of a reversal roughly half the time -- in other words, i...
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