I’m going to keep this update short and sweet. Yesterday, the charts looked muddled, and to some extent, they still do — I’ve noticed over the years that this almost always happens in the charts when the market is making an important…
I believe it was Yogi Berra who said, “It’s tough to make predictions, especially about the future.”
The market has now reached a point where it clearly does not want to telegraph its next move. There are times, when the larger trend is clearl…
Sentiment continues to remain bullish, despite the declines in the averages last week.
Rydex funds are reaching ridiculous extremes. Rydex funds offer a good proxy for retail investor sentiment; retail investors are small money, an…
Much as I like Apple as a company, and mourned the death of Steve Jobs — Apple’s chart is not looking terribly promising for bulls. When discussing the issue with a friend, one of the topics that came up is how Apple really is (or wa…
Several readers have asked me to draw a chart for copper. I’ve actually been working on one for a while, and finally decided to finish it tonight.
Copper looks, in the words of the famous sheep, “Baaaaaad.” Copper seems to have…
Several readers have asked me to draw a chart for copper. I’ve actually been working on one for a while, and finally decided to finish it tonight.
Copper looks, in the words of the famous sheep, “Baaaaaad.” Copper seems to ha…
Note: This is just a super-quick update for my regular readers, regarding Friday’s action. I’m leaving out all the descriptions and explanations — so if you’re a new reader, please see yesterday’s article for context and more de…
While the rally keeps hitting my targets perfectly, it is doing so in a very “ugly” fashion, and has now made charting the next move a bit difficult. Some moves are clean and a pleasure to chart… other moves make you want …
As I opined many times in the past, there was no new Quantitative Easing program announced by the Fed on Wednesday. In fact, the Fed announced only one new program yesterday, titled “Operation: Huh?” Under the terms se…
On Friday, I was a lone nut in the wilderness suggesting that there was a good chance Thursday’s high marked the top. After the action on Monday and Tuesday, all the sudden a lot of folks have piled on that bandwagon. That …
