A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Pullback ’
Gold Prices and the "Grexit" Effect
Lately gold priceshave been affected by a strengthening dollar resulting from troubles overseas.
On Tuesday, Greek Prime Minister Lucas Papademos told Dow Jones Newswires that considerations were being made for a potential exit by Greece from the euro. He also warned that such an exit would be "catastrophic" for the country and that fallout across...
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US factory orders decline – MarketWatch
Globe and MailUS factory orders declineMarketWatchBy Jeffry Bartash WASHINGTON (MarketWatch) - Orders for goods produced in US factories dropped 1.5% in March, the biggest decline in three years, the Commerce Department reported Wednesday. Economists s...
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Gold In Normal Pullback As It Slowly Rounds The Bend
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 picks for swing trades. Indispensable daily information for gold and precious metals stocks traders.Click here to download complete report in pdf format (Professional Edition Subscribers). See the current full sized...
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Pullback This Week, Next Week, or Never
A little changed market left little change in the indicators, so there’s not much to add to what I’ve already written umpteen times. I continue to look for hard evidence of a top, but always giving the benefit of the doubt to the trend in force. I still think that it’s reasonable to expect...
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2 Day Cycle Target of 1352-53 Hit On Open, Market Tries For More
SP futures (or ES electronic mini S&P) traded flat through most of the night, then went into rally mode at 7 AM NY time, topping out on release of the weekly unemployment claims, which beat expectations. The futures have since been walking sideways, just above the converged 2 and 5 day cycle centerlines, which...
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Market Indecisive In Early Going, So Where To Now?
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,...
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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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Bulls pile in on any pullback
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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Where’s The Pullback?
The 6-7 week cycle projection has been hit and time counts suggest that the market is inching closer to a correction on a few cycles, but…
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Pullback Due In Gold With Precious Metals Stocks On Edge
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 picks for swing trades. Indispensable daily information for gold and precious metals stocks traders.Click here to download complete report in pdf format (Professional Edition Subscribers). See the current full sized...
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Long Term Indicators Turn One By One
A pullback is due or overdue in a couple of cycles and there were some hints on Friday that it could be starting. But there was no sign of anything more than a minor pullback or consolidation, and in fact longer term indicators continue to tick to the buy side one by one. Bears...
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Market Blasts Off But Immediately Hits Cycle Projection
SPX (cash) closed yesterday with a 2 day cycle projection of 1285. It blasted through that on the open, resulting in a new projection of 1295.50, which was about where the SPX stood as I typed this at 9:35 AM. A 5 day cycle resistance line was also indicated at that level with the...
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Precious Metals Stock Charts Shaping Up
Precious metals stocks look primed to move after a brief pullback. 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 picks for swing trades. Indispensable daily information for gold and precious metals stocks traders.
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Chevron (CVX) 102.80 -3.30 tanking on oil spill news. BP redux?
14:29 RIG Transocean moving lower with CVX... BusinessInsider report on CVX spill suggests CVX's troubled well was being drilled by one of RIG's drilling rigs (47.10 -2.62) -
14:18 CVX Chevron showing weakness in recent trading on increased volume; lat...
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Mixed Indications In Times Of Trouble
Indications were only mixed, in spite of the pullback Friday. The 6 month cycle up phase remains intact. 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...
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After The Bell 11/3/11
The 30 minute bar chart of the S&P futures at 5:30 PM ET shows the Spoos trading in the top ribbon of the 2 day cycle channel as it rises parallel with the top of the 5 day cycle wave. A top is due in both, if not in the Asian session overnight, then...
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After The Bell 11/2/11
The 30 minute bar chart of the S&P futures at 5:45 PM ET shows the 2 and 5 day cycle up phases continuing. They were a little more up than sideways, but the progress since the overnight session last night has actually been minimal. Key resistance appears to be around 1237. If they get...
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Why 1230 is critical
QuoteScully, on 01 November 2011 - 10:33 AM, said:
I think I am with you on this. SPX=1230 co-incides with the top of the downtrend channel on ES from yesterday afternoon. This is an important test.
http://www.capitalst...ndpost&p=868809
Much mor...
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Lacklustre leanings
Looks like a pullback for the early openers: Kiwis -0.2%, Aussies -0.9%, Nikkers -0.6% and Sth Korea -0.8%.
In the Aussie market all sectors red led by Miners -2%, Materials -1.9% and Energy -1.3%.
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S&P Limbos Below The Bar, Leaves Us In Limbo
Thursday’s pullback did not give bears control, but it gave them a shot at taking control.
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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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Orderly pullback,no fear at all
Complacentcy abounds with the VIX unchanged.Everyone expects the dippers to pile in near SPX 1200.....
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Extended Market Due For Pullback
The rally ran into resistance on Wednesday, but remains below projections.
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Gold Prices Hit Record High After S&P Downgrade – Are Poised to Double
Gold prices hit a record high of $1,718 an ounce in intraday trading yesterday (Monday) in response to Standard & Poor's downgrade of the U.S. credit rating, and the continuing drumbeat of dreary global economic news will keep pushing the yellow metal higher.
In fact, Money Morning...
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Telecom Corp. of New Zealand (NYSE ADR: NZT) is a Dividend Trap
Telecom Corp. of New Zealand (NYSE ADR: NZT) is the classic example of a dividend trap. The stock has a hefty payout and it's been on a tear over the past year - but if you dig a little deeper, it's easy to see that the company's fundamentals are ...
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Its Recent Pullback Makes Pan American Silver Corp. (Nasdaq: PAAS) a Bargain
Pan American Silver Corp. (Nasdaq: PAAS) is a silver mining company that has experienced a significant pullback in price since hitting its high in March. That means patient investors have a nice chance to enter at lower prices while the market calms down.
The parabolic...
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Play Defense with These Stocks
In a volatile market, with talk of a pullback, investors are hunting for stocks to keep them happy — and Money Morning Contributing Editor Shah Gilani knows where to look. Gilani revisits FoxBusiness' "Varney & Co." program to share his latest hot stock and sector picks, with a special look at Microsoft Corp. (Nasdaq:...
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Buy, Sell or Hold: Silver Wheaton (NYSE: SLW) Is Just Getting Started
I first recommended readers of this column buy Silver Wheaton Corp. (NYSE: SLW) on Oct. 10, 2010.
Since that recommendation, the company's stock has surged nearly 28% -- but that's just the beginning.
You see, Silver Wheaton just announced another blowout quarter, and...
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Investors Play Precious Metals as Market Insurance Policy
Investors have been flocking to precious metals to protect from looming inflation and a weak outlook for the U.S. dollar. The trend has turned investments related to gold, silver and other precious metals into some of the hottest plays of the past year.
The demand for "safe-haven" metals investments continues...
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