Commodity Prices

Gold •15 mins	1,590.30	+3.90	+0.25%
Platinum •15 mins	981.30	+12.50	+1.29%
WTI Crude •11 mins	51.15	-0.90	-1.73%
Gasoline •10 mins	1.718	-0.009	-0.53%
Ethanol •3 days	1.358	+0.015	+1.12%
Silver •15 mins	17.85	+0.12	+0.65%

Silver • 15 mins	17.85	+0.12	+0.65%
Copper • 15 mins	2.603	+0.003	+0.12%
Brent Crude • 10 mins	56.57	-1.10	-1.91%
Natural Gas • 10 mins	1.955	+0.099	+5.33%
Heating Oil • 10 mins	1.661	-0.033	-1.92%

Headlines

12 hours Coronavirus Could Cost Tourism Industry $80 Billion
16 hours What Web Traffic Trends Can Tell Us About The World
20 hours Miners Face Greater Headwinds
2 days Boris Johnson Proposes Billion Dollar Bridge To Northern Ireland
3 days Goldman Slashes Oil Price Forecast By $10
4 days Tesla Raises $2 Billion In Share Selloff
5 days What The T-Mobile Takeover Of Sprint Really Means For Markets
5 days The U.S. Has Charged Huawei With Racketeering And Conspiracy
5 days How Hydrogen Could Become The Fuel Of The Future
6 days Millennials Can’t Retire, But They’ll Still Have To Help Their Parents
6 days This Gold Miner Just Increased Its Dividends By 40%
6 days Airbnb IPO Under Threat As China's Economy Drags
7 days The Infamous Equifax Hack Just Became A National Security Issue
7 days BHP Takes The Crown As World’s Top Copper Miner
7 days Tesla Reopens Chinese Factory After Coronavirus Scare
8 days Armed Troops Storm El Salvador’s Parliament
8 days Is A New Housing Bubble Forming?
8 days The Biggest Challenge Facing West Africa's Single Currency Plan
8 days Iran's Space Program Hits Another Snag
9 days The Politics Of Love In The Digital World

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Ed Carlson

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent…

More Info

Contact Author

It's the Most Wonderful Time of Year!

By Ed Carlson - Nov 29, 2016, 2:25 PM CST

The holidays bring more than just gifts under the tree, excess calories, and rude in-laws. December and January represent two of the best months of the year. However, there is often a pause in the uptrend in early December. With US markets having experienced such an extreme "Trump Bump" since the election, patience is likely a virtue for the bears and bulls alike.

Both On-Balance Volume (chart) and the Advance/Decline Line refuse to confirm the new highs in equities. The McClellan Oscillator closed above 150 on Friday (176) which is the level the McClellans describe as necessary for equities to obtain "escape velocity"; bullish. It is however, bumping up against its upper Bollinger Band which is a warning of at least a short-term correction in equities.

S&P500 and NYSE OBV
Larger Image