Commodity Prices

Gold •367 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,407.10	+25.00	+1.81%
WTI Crude •1 day	66.50	-0.50	-0.75%
Gasoline •1 day	2.117	-0.002	-0.07%
Ethanol •367 days	2.161	+0.000	+0.00%
Silver •367 days	30.82	+1.16	+3.92%

Silver • 367 days	30.82	+1.16	+3.92%
Copper • 367 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	68.30	-0.50	-0.73%
Natural Gas • 1 day	3.387	-0.022	-0.65%
Heating Oil • 1 day	2.409	+0.039	+1.65%

Headlines

751 days Will The ECB Continue To Hike Rates?
751 days Forbes: Aramco Remains Largest Company In The Middle East
753 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,153 days Could Crypto Overtake Traditional Investment?
1,158 days Americans Still Quitting Jobs At Record Pace
1,160 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,163 days Is The Dollar Too Strong?
1,163 days Big Tech Disappoints Investors on Earnings Calls
1,164 days Fear And Celebration On Twitter as Musk Takes The Reins
1,166 days China Is Quietly Trying To Distance Itself From Russia
1,166 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,170 days Crypto Investors Won Big In 2021
1,170 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,171 days Food Prices Are Skyrocketing As Putin’s War Persists
1,173 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,174 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,177 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,178 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,178 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,180 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Erik Swarts

Erik is an active trader, who has always taken a broad perspective when approaching the markets.

More Info

Contact Author

Meridian Market Theory

By Erik Swarts - Nov 27, 2011, 7:51 PM CST

Here is a short video update of my Meridian Market Theory.

In the previous note that addressed the technical developments and comparisons within the theory, I said:

"Near term, in either case - bull or bear, I find the market precariously placed at the top of the range and likely to fall back swiftly over the balance of the month." Brace Yourselves

100 SPX points lower (tongue firmly in cheek), and in light of the developments out of Europe this evening - here's an update.