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Article Archive | Page 965

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The NYA Index has Dropped to a Level that is Very Oversold

Aug 26, 2015 at 09:58

You probably recall that we we discussed the NYA's triangular pattern last week ... and then made comments about the market being in a very high risk condition and that…

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GBP/USD - Riding the Uptrend Channel

Aug 26, 2015 at 09:57

GBP/USD has shifted into a consolidation pattern after slight bullish recovery. However, drift lower indicates persistent selling pressure. Stronger support is given at the 38.2% Fibonacci retracement at 1.5409. Hourly…

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Update to the Stock Market and Gold Mining Shares

Aug 25, 2015 at 15:46

Most people did not expect what happened on Monday morning. The futures traders took the ES down to 1830 with the cash market stabilizing at SPX 1867 in just a…

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Stocks Tank In Last 15 Minutes; Correction Not Done?

Aug 25, 2015 at 15:43

That was sudden. After soaring at the open and holding big gains all day, US equities fell off the table in the last 15 minutes of trading, ending over 500…

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Hybrid Lindsay Forecast for a Low

Aug 25, 2015 at 10:52

My July 28 commentary was the last time I gave an update on my Hybrid Lindsay model (a hybrid approach to the work of the late technician, George Lindsay). In…

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Dow Theory and Gold's Strong Season

Aug 25, 2015 at 10:32

Graceland Updates 4am-7am Aug 25, 2015 Have US stocks entered a bear market? In most assets, MSM (mainstream media) uses a 20% decline as a rule of thumb…

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Important Update on ... 'Watch the Banking Index ($BKX)'

Aug 25, 2015 at 07:24

As we commented last week ... "Central Bankers are being reported as scared now, so caution is a very good thing to exercise at this point". (P.S. Hope you were…

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Who the Heck Consumes His Capital?!

Aug 25, 2015 at 06:07

I have been writing about consumption of capital, using the example of a farmer who sells off his farm to buy groceries. It's a striking story, because people don't…

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Saudis Could Face An Open Revolt At Next OPEC Meeting

Aug 25, 2015 at 05:57

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the…

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USD/CHF - Breaking Support at 0.9330

Aug 25, 2015 at 05:55

USD/CHF is moving sharply lower. The pair has broken support at 0.9330 (10/07/2015 low). We target support at 0.9151 (18/06/2015 low) In the long-term, the pair has broken resistance at…