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...
Read More »
Radio Free Wall Street
Posts Tagged ‘ Rally ’
Quelle Surprise! Not.
And they’re off! Anyone following the Wall Street Examiner Professional Edition Treasury updates showing the massive surge in Federal withholding taxes in January would not have been surprised by today’s jobs report, but most other traders apparently were, as the SPX vaults a dozen points on opening, following a similar surge in the futures...
Read More »
Market Opening Groundhog Day
S&P cash surged on the open following yesterday’s mid afternoon 2 day cycle buy signal. The 5 day cycle indicator has been on the buy side since the middle of the day Monday.The last 2 day cycle projection yesterday of 1316 is now in the rear view mirror. The new projection of 1322 is...
Read More »
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...
Read More »
SPX and Dow Updates: Bears Fire a Shot Across the Bow
The bears finally showed a little bit of strength yesterday, although the decline was almost entirely retraced by day's end. Before I get to the short-term bear counts, I'm going to present the slightly more bullish alternate, then...
Read More »
Correction Now or Never (Well, not never, but you get the idea)
The rally has stalled and time counts suggest that a correction is due, but centered moving average projections still point higher. Which should get more weight?
Read More »
The Mighty Ben
Treasury yields reached the top of the recent range and appeared headed for a breakout when along came Ben, with his mighty arms outstretched he lifts up the playing field and tilts it, and back down yields went, in spite of the big week of Treasury auctions and the market facing a big wad...
Read More »
Market All Revved Up With Places To Go
After hitting yesterday’s late 2 day cycle projection of 1327 the rally marched on this morning with SPX (cash) opening strong and the 2 day cycle projection edging up to 1330, which was hit on the opening surge. That’s also about where the 3 and 5 day cycle projections were pointing as of yesterday...
Read More »
SPX Update: Bears’ Turn Now?
On Monday, the S&P 500 (SPX) made it into the 1320-1325 target zone I suggested on Friday and reversed; so hopefully the short term wave structures are finally starting to clear up again. There's been n...
Read More »
SPX Update: Rally Reaches Important Resistance Zone
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 ...
Read More »
Breakout Attempt At Open Pushed Back
SPX (cash) popped on the open in NY but that lasted only a millisecond. The 5 day cycle oscillator went to the sell side early in yesterday’s session and remains there, but the 3 day cycle oscillator remains on the buy side for now. A sustained drop below 1290 should trigger a sell signal....
Read More »
SPX Update: Gaps Usually Get Filled
Yesterday, the market spent the majority of the session in consolidation mode, and formed a wave structure which looks corrective -- indicating that it's reasonably likely there are at least slightly higher prices to come before this wave com...
Read More »
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 ...
Read More »
Slow,painful torture for bears
Seems like this rally will never end......
Read More »
SPX and BKX Update: The Moment of Truth
In a perfect world, the completion to the Minor (2) rally would mark a new high which exceeds the October top. My preferred count of an ending diagonal suggests that perhaps the session today or tomorrow will finally complete that top.
Sinc...
Read More »
SPX and BKX Update: The "Wear-Ya-Out" Market
The last time I felt the charts were this challenging was on September 29, 2011. That was the market getting geared up to reverse and turn into the October rally. I ended up nailing the turn to the day, but a few days before it ha...
Read More »
SPX Update: Bears Have Left the Building — Look Out Below
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...
Read More »
SPX and RUT Update: Market Has Reached the Topping Target Zone
I was watching CNBC last night, and it seemed like every other guest was predicting Dow 36,000 for 2012. Correct me if I'm wrong here, but don't bull markets start when everyone is bearish? In March of '09, AAII sentiment was over 70% bears...
Read More »
SPX and Euro Updates: Still No Change Since Thursday
There's been no material change in the counts from as far back as last year (always wanted to say that). The market remains balanced at a short term pivot point, and there's literally been no change at all since the updat...
Read More »
SPX Update: Is Your 401(k) Ready for a 70% Haircut?
If you knew with pretty good certainty that the market was within a few percentage points of a long-term top, how would you behave? Would you warn your friends and family? I would... and have.
Could I be wrong about what's...
Read More »
Twisted Tuesday – Treasuries are not an Option
Twisted Tuesday - Treasuries are not an Option Courtesy of Phil of Phil's Stock World Remember Operation Twist? Last week, Freddie Mac reported record lows on rates, with the 30-year notes at 3.91%. This has not, of course, encouraged many people to go out and buy homes but it has...
Read More »
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...
Read More »
SPX and VIX Update: Indications this Rally Won’t Last
This market is a mixed bag of messy charts right now. But many of the indicators I'm looking at are now suggesting the market is within 2% of a top -- potentially an extremely major top.
From an Elliott Wave perspective, it rema...
Read More »
SPX Update: A Discussion of Trading Strategy, and the Rally’s Potential
Yesterday the market knocked out my preferred count, in a brutal rally which further demonstrated that this is not a market for the faint of heart. This remains a trader's market.
For any inexperienced traders, this is a very toug...
Read More »
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...
Read More »
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. ...
Read More »
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 ...
Read More »
About Your "Guaranteed" Santa Claus Rally….
Will Santa Claus arrive in time to deliver his usual year end rally, or has he decided to trim his largesse to Wall Street this year and instead deliver lumps of coal to Bernanke, Geithner & Co.?A lot of punters are awfully confident that Santa Cla...
Read More »
Let Freedom Ring, Or At Least Tinkle
Russ Winter of Winter (Economic and Market) Watch and the Wall Street Examiner’s Lee Adler discuss how the suppression of truth and dissemination of misinformation distorts markets and give a forecast for the staying power of this rally. This is a subscriber only podcast. If you are not a subscriber, click here to access...
Read More »
US Dollar Update: More Upside for the Dollar?
This is a quick dollar update, since so many markets are tied to the dolla...
Read More »
Copyright © 2012 The Wall Street Examiner. All Rights Reserved.
Magazine Premium created by Themes by bavotasan.com.
Magazine Premium created by Themes by bavotasan.com.
SPX Update: Slight Shift in View After Thursday’s Action
There is very little to add to the overall picture after yesterday's action. The market came within 16 cents of adding confidence to the bear count, but did not. The action yesterday now forces me to give a slight edge t...
Read More »