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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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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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) 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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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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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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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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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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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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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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Thursday’s pullback did not give bears control, but it gave them a shot at taking control. Tweet
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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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Complacentcy abounds with the VIX unchanged.Everyone expects the dippers to pile in near SPX 1200.....
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The rally ran into resistance on Wednesday, but remains below projections. Tweet
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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 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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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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Friday’s small pullback triggered big changes in cycle screening data, which suggested problems with the bigger picture. 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...
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Short term cycles are due for a pullback but intermediate cycles have been slowly gaining momentum. Monday could send an important signal. Tweet
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