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 ‘ Selloff ’
Market Fueled By Huge Rumored ECB Print Job And Corporate Fortress BS
Liquidity indicators backed off slightly from their recent strength last week, but overall they remain firm. I see no reason to expect either a big selloff or a big move higher in either stock or bond prices. The rangebound behavior of the markets shouldn’t change, except for one thing. The rumors are that the...
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Market Going Nowhere Until It Breaks These Levels
SPX (cash) closed Friday on a weak note with 2, 5 and 8 day cycle oscillators all turning down, but with 2 and 5 day cycles both due for a cycle low imminently. The opening here is virtually unchanged from Friday’s close, with the indicators mixed and directionless. Support is indicated at about 1277,...
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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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The New American Dream: Rent, Don’t Buy
Call it the Big Selloff—America is headed toward a future in which fewer people own the spaces they call home. The effective homeownership rate, which excludes borrowers whose homes are underwater, stands at 62 percent, down from 69 percent in 2006...
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Boom!…
Bulls rule,except for a 5 minute selloff near the bell.
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Check Out This BEARISH Market Forecast
BREAKING: Societe Generale's uber-bearish strategist Albert Edwards is still... bearish.
Despite the big selloff, he's still convinced that everyone is too optimistic. Ultimately, he sees the market losing about 65% of its value from here.
Read m...
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Range Racing is One Thing, Breakouts are Another
Traders felt like Ben didn’t leave enough punch in the bowl, or something worse. The selloff was dramatic, but there’s less here than meets the eye. The market has crossed some part of the range it covered today on 24 of the past 33 trading days. Tweet
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Insatiable instability
Early openers doing the cliff dive: Kiwis -1.4%, Aussies -2.5% and Nikkers -2.1%. Sth Korea closed.
Pretty much an across-the-board selloff apart from Gold which is flat. Healthcare -4.2% is leading followed by Financials -3.2% and Energy -3%.
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Treasury Market and Federal Government Cash Flows Weekly Update
The Treasury market, counter-intuitively, rallied after S&P downgraded US debt. It was a perverse buying panic. In spite of Thursday’s selloff in Treasury’s and poor 30 year bond auction, it’s not clear that that panic has ended. One signal that it has ended might be weekly close in the 10 year above 2.25%. Until...
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Market Panic Gathers Steam
Markets are getting destroyed today on a raft of concerns about the economy. Most notable is the crisis in Greece, which is watching its market evaporate furiously, even after a recent bailout of Greece that was designed to stem the contagion.
Thi...
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Wrong Way Treasuries Put Dealers Between Rocks
Next week’s Treasury calendar is light, with another paydown on Thursday and plenty of POMO, so if ever stocks had an excuse to rally, this would be it. The Federal Government would probably be happy to see stocks rally at the expense of a selloff in Treasuries since the government is not selling notes...
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The S&P 500: Friday the 13th Selloff But Only Fractionally Negative for the Week
May 13, 2011
The S&P 500 closed the day down 0.81% but the week down only 0.18%. The index is 97.7% above the March 9 2009 closing low but 14.5% below the nominal all-time high of October 2007. Here are two charts of the index — with and witho...
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Weekly Gasoline Update: Prices Stabilize — for Now
May 9, 2011
Here's a chart based on the weekly gasoline price update from the Department of Energy with an overlay of West Texas Crude (WTIC). Gasoline prices at the pump are virtually unchanged from last week. Year-to-date, the average price for re...
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Weekly Gasoline Update: Prices Stabilize — for Now
May 9, 2011
Here's a chart based on the weekly gasoline price update from the Department of Energy with an overlay of West Texas Crude (WTIC). Gasoline prices at the pump are virtually unchanged from last week. Year-to-date, the average price for re...
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The S&P 500: The Friday Bounce
May 6, 2011
After a morning rally, the S&P 500 closed the day up 0.38%, but the week down 1.72%. Interestingly enough, the index soared at the open and by late morning had risen to a gain of 1.44%. The monthly employment report was no doubt a key dr...
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S&P, Prostitution, and The Disappearance of Money
The market sailed through a week of light Treasury supply with reduced POMO support. A big Treasury paydown this week put extra cash in dealer trading accounts and it did exactly what we expected it to. S&P threw a little glitch into things on Monday by putting the US on a negative watch. They...
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Convince Me- Professional Edition
The premarket selloff brings the market to key trend support lines. 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 refund. It’s that simple. Click here...
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Futurecast Weather Report: Gold sell off chart
Here Is What A Significant Selloff In Gold Might Look Like With Our Active Chart Formations
http://jessescrossroadscafe.blogspot.com/2010/10/here-is-what-significant-selloff-
in.html
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Mrs. O’Leary’s cow to start the Great Stock Firesale
Late one night, when we were all in bed,
Mrs. O'Leary lit a lantern in the shed.
Her cow kicked it over,
Then winked her eye and said,
"There'll be a hot time in the old town tonight!"
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I predict the selloff will come from a face...
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Jaded juggling…
Southward bound at this stage. All Ords -0.9% led by a steep selloff in Miners -3.7%, Materials -3.3% and Gold -2.5%. There's a few green sectors: Health +0.9%, IT +0.6% and Financials +0.4%.
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Con Con Surprise, No Surprise
It’s odd the way the players pay attention to some numbers and not others. There’s no reason why the market should have been surprised by the ConCon. ABC News does a comprehensive consumer confidence survey weekly that always foreshadows the ConCon. Last Tuesday ABC had this to say: Tweet
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Diversionary Tactics – Professional Edition
Cycle based stock screening data strengthened across the board on Wednesday, suggesting that the late selloff might be a diversion. 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...
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On The Brink- Professional Edition
Cycle based stock screening data plunged across the board. We had an inkling that there might be a selloff when Tuesday’s numbers weakened in spite of the rise in the market averages. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If,...
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Wherefor Art Thou, Green Shoots – Professional Edition Fed Report
Monthly tax receipts for August are out and the comparisons are ugly. Meanwhile, Treasury paydowns this week mean that there’s $20 billion floating around with no place to go in this little game of musical chairs. A few billion here and there to pump into stocks goes a long way, as we see by...
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Does Sunday Night Selloff Mean Anything- Professional Edition
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 refund. It’s that simple. Click here for more information. Tweet
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Another One Just Like The Other One – Professional Edition
For the second day in a row, the Treasury benefited early from a “coincidental” selloff in the stock market that was accompanied by a sharp drop in Treasury yields. The 5 year note auction results were ominous. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk...
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Between Rock and Hard Place – Professional Edition Fed Report
The Treasury benefited from a “coincidental” selloff in the stock market that was accompanied by a sharp drop in Treasury yields this morning, lasting, “coincidentally”, until the exact moment that the $42 billion two year note auction was completed. Once that little piece of work was accomplished, surprise, surprise, the stock market rallied and...
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Warning Shot – Professional Edition
As a result of today’s selloff, many charts now sport false upside breakout patterns. Further weakness would complete such whipsaws on most of the key index charts. False breakouts can be major pivot signals, but sometimes they are just false starts that precede a period of consolidation before a resumption of the upmove. My...
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Setup for a Selloff- Professional Edition
The market seems to be settling in to a narrow trading range that may be with us for awhile. This is the best chance for the uptrend to be broken… Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that...
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USUK Better than PIGS – Professional Edition
Brilliant. The Treasury got lucky with a huge stock selloff Monday that spooked investors back toward Treasuries. Somehow they see the US as being safe from the sovereign risk contagion that swept the markets this week. Pretty funny considering the US balance sheet isn’t much better than Greece, Spain, Portugal, and Italy (PIGS), a...
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