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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When we left off here last Wednesday I suggested that the massive thrust in the new short term buy signals in the screening data would mean that there would be enough residual momentum to keep the bias to the upside for at least a few weeks. Here’s an updated look at that idea. Tweet
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I got a laugh at this article by Jon Hilsenrath at the Wall Street Journal. (Link)
This is another in a string of articles by Jon where Bernanke is clearly providing a portion of the content. The thrust of this one is that the Fed is going to chang...
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Analysis: Wild market may send investors home early in 2011
On Tuesday November 1, 2011, 4:56 pm
By Steven C. Johnson
NEW YORK (Reuters) - So much for euphoria.
Having soared just days ago on a pledge by European leaders to prop up euro zone banks a...
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Yesterday’s thrust signals a short term cycle upturn and possible 13 week cycle turn where these cycles could be in gear to the upside for a couple of weeks. However, they face possible headwinds from a 6 month cycle still apparently in a sideways down phase. Whether that will be an impediment or not…...
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They’ve used a lot of thrust energy just to get half way across the range. The question now is whether this thrust will last long enough for the intermediate cycles to get involved or whether this is just a flash bang badda bing badda boom you’re done counter rally. Click here to download complete...
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I offer a chart (click to enlarge) from the 1937-1938 period that might offer clues as to what to expect going forward.
Evident is a big B to C thrust after the Panic’s first bottom. We may now be on the early right angle at C. This in turn was followed by a...
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The is now increasing evidence that an overshoot is developing in housing, with the main thrust coming in higher end prime mortgages. In February the Government came up with programs to spend $75 billion on incentives for mortgage servicing companies that reduce payments for troubled homeowners. The Treasury Department said the program will...
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The is now increasing evidence that an overshoot is developing in housing, with the main thrust coming in higher end prime mortgages. In February the Government came up with programs to spend $75 billion on incentives for mortgage servicing companies that reduce payments for troubled homeowners. The Treasury Department said the program will...
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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 ...
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