The dark and dirty job of pointing out that the NAHB Housing Market Index present conditions index is up 11 points versus last April and…
Yesterday’s market blew through the downside projections, much like the rally did on the upside earlier this year. It comes to mind that the prior rally became historically over-extended, so there are a lot of folks ready to jam the exit doo…
Who remembers Sniglets from HBO’s series, Not Necessarily the News? Sniglets are words that should be in the dictionary, but aren’t. One that sticks with me from my youth, and which comes to mind now, is:
Pielibrium – n. The…
Early last week, the structure of the waves suddenly looked quite bullish — however the market has, so far, failed to follow through, which is causing me to re-examine this outlook.
Normally, one can determine the next higher degree …
Friday provided a new low, but it wasn’t really the “type” of new low I was looking for — it was too shallow. So there are still several options open. As I stated on March 16, when I suggested a turn was coming, the bigger question is…
The market has done what we’ve expected over the short term and traded down into the SPX target box — but it has yet to answer the bigger questions. Right now, the decline off the high looks like a very nice A-B-C, so unless the bears …
Depending on debt to fuel nominal growth leads to an economic death spiral.
Sometimes one chart says it all. Here is a chart of the S&P 500 (a broadly based measure of the U.S. stock market) in a ratio with total consumer credit, courtesy…
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 picks…
Yesterday went as well as a day can for numerous targets… and while it’s still a bit tricky for the bigger picture, the very short-term charts seem fairly straighforward. I’m going to lead with the short term chart, which ex…
If this rally runs out of steam, history suggests the next move down could plumb depths not seen in years.
If the market rolls over here, the next bottom might be a lot lower than most players think possible. After all, the “news” is all posi…
