Have you ever noticed that as soon as you put it in writing–anything– it does the opposite.
Cycles have turned mixed, but the key 6 month and 10-12 month cycles remain in up phases. We have a pretty good time map of…
Last week was a rough ride with all the whipsaws. 5 stops got clipped. The chart pick list had an average gain of 3.5% with an average holding period of 13 calendar days.
Originally posted at the Stool Pigeons Wire Bears won the screen game from yesterday 35-26. That follows a 29-12 bull victory and Tuesday’s 56-14 bear…
And an air pocket has developed.
To be serious for a moment, a big change in the tax on capital gains would shift the supply/demand equation. Obviously, we can’t know yet if that would be enough to change the long term trend, but yesterday’…
Bears won the screen game from yesterday 29-12. This is swing trade buy signals vs. sell signals from yesterday’s action. That doesn’t fully offset Tuesday’s 56-14…
The failure of the right side to fully descend is of concern. The stream will be directed upward.
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The balance between QE and Treasury supply remains bullish. This should provide an underpinning preventing the stock market selloff from going too far. At the…
Yesterday surprised me. I did not expect a big selloff, obviously. I saw nothing in my work to suggest one. It’s not that that never happens. As the great trading coach Joe Kuharich said, “It’s rare but not unusual.”
Cue audience laughter. 😄
There are signs of hope in the charts of gold, and the miners. Subscribers, click here to download report. Try Lee Adler’s Gold Trader risk…