The SP futures (or ES electronic mini S&P) have been in a slow downward drift after making a double top coincident with the open of…
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…
Sentiment is awfully complacent, and volatility is low. Smells like May 2011–or August 2008.
Equities look ripe indeed for an “unexpected” bloodletting and resultant wicked correction. The general outlines of a equity bubble awaiting a nice …
http://www.jsmineset.com/wp-content/uploads/2012/01/GoldPanicPeriods.pdf
Sinclair links ContraryInvestor
Excerpt:
For now, the thinking that gold’s break of the 200 day moving average is the sure sign of bull market death is white noise. …gold …
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,…
At the close of the NY cash market yesterday, 2, 5, and 8 day cycle oscillators were on the sell side, but initial downside projections…
From a technical standpoint, nothing happened yesterday. The markets may as well have been closed. Lots of people are talking about the bullish “inverted hammer” candlestick (so named because it looks like a candlestick) on the da…
Broad market indicators got in gear yesterday with the screening data which had already been signaling an intermediate downturn. The move has progressed enough for…
Now that the financial industry and major corporations have successfully lobbied Congress to make more people poor and to keep them that way, they are discovering the downside of unbridled greed: people are too broke to buy their products.
H…
The market continues to try to convince us that it’s strong, as it wallows around just below the 200 day moving average and a bevy of resistance lines. Deciphering the shortest term counts is quite challenging right now, due…