Here is today’s stock screen output. The bulls won again, but bears are closing the gap. This is raw data. These are not recommendations. They represent charts that have triggered short term signals near key cyclical support or resistance levels. Pick through these and see if there are any that you like from your own charts. Feel…

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There’s a slight break in the beautiful uptrend channel on the hourly chart, but as long as they’re above 4055, the uptrend will remain intact.

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Originally posted at The Daily Stool.  Here is today’s stock screen output. This is raw data. These are not recommendations. They represent charts that have triggered short term signals near key cyclical support or resistance levels. Pick through these and see if there are any that you like from your own charts. Feel free to post your…

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I thought I’d take a step back and just look at the current phase of the rally on an hourly chart. Bull or bear, as a chartist, it’s hard not to admire this.

It does not appear to be ready to quit yet. The projectile vomit of the fire breathing dinosaur…

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A pitcher is worth a thousand words.

Great pitching beats good hitting.

The 5 day cycle projection is 4035-43. Almost there.

Chart.

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Might there finally be some good news ahead for goldbugs?

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Today’s box score, 66 -11, Bulls win. There were 64 buy signals and 13 sell signals. 2 of the sell signals were inverse ETFs. This is follow through from last weekend’s screen when there were 155 buy signals. That was the driver, despite the hiccup of the past 3 days. 

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If at first you don’t suck, cede, then try, try again.

You do realize don’t you, that this “top” will become a massive reverse head and shoulders saucer bottom, if they break out, right?

But don’t get too excited yet.

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I’m talking about the Velocity of Money. It does not measure speed of transactions. Whoever came up with that concept was full of crap. And as usual with most crap in eConomics and finance, it became accepted as religious Truth. 

Which confuses the issues. eConomists like it that way. When they confuse everybody with their nonsense, they feel powerful.  So let’s cut through the crap and see the game they’re playing for what it is.

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The scorecard today is 61 total signals, 27 buys, 34 sells. That’s meat grinder stuff.

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