Guy Lerner

Technical Take

Contributor since: 26 Feb 2010

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• This Time is Different ....This is Not What You Think

  Published 02 May 2012 | viewed 0 times

  The very erudite Dr. John Hussman is as good as a market researcher as there is, and he defines a set of market conditions that…

• Weekly Leading Index

  Published 30 April 2012 | viewed 0 times

  The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) has turned down for the second consecutive week. See figure 1 a weekly…

• Investor Sentiment: It's All Good, But...

  Published 29 April 2012 | viewed 0 times

  The price action this past week was fabulous as the market found its winning ways on the back of AAPL earnings and a Federal Reserve…

• GLD: Remain Positive and Patient

  Published 26 April 2012 | viewed 0 times

  Despite the highs in gold being well over 6 months ago, I have remained constructive (see here and here) viewing the extended pull back as…

• The Intersection of Bonds and Equities

  Published 23 April 2012 | viewed 0 times

  Figure 1 shows a weekly chart of the SP500. In the lower panel is an analogue chart of our bond trading model. This bond model…

• Investor Sentiment: Bulls Lose Enthusiasm

  Published 22 April 2012 | viewed 0 times

  The "dumb money" indicator has become more neutral suggesting that the bulls have lost enthusiasm for this bull market. As can be seen in figure…

• Dr. Copper

  Published 16 April 2012 | viewed 0 times

  It is often stated that copper is the metal with a Ph.D. in economics, and the data for the most part bears this out. Figure…

• Investor Sentiment: A Sell Signal is Upon Us

  Published 15 April 2012 | viewed 0 times

  For weeks now, I have been using phrases in these weekly articles on sentiment like "the best, most accelerated gains are behind us" and "we…

• Investor Sentiment: April Fools

  Published 01 April 2012 | viewed 0 times

  April Fools! That is what it feels like when investing in this market. If you put money to work now and the market tanks, you…

• Crude Oil: Update

  Published 30 March 2012 | viewed 0 times

  We last looked at crude oil on February 25, 2012, when it was breaking out from an 8 month base or head and shoulders bottoming…

• Investor Sentiment: Mission Accomplished?

  Published 25 March 2012 | viewed 0 times

  Central bankers have done their part flooding the world with liquidity, and investors have caught on as well by taking asset prices higher. Central bankers…

• Investor Sentiment: Signposts to Navigate This Rally

  Published 18 March 2012 | viewed 0 times

  For several weeks now, the "dumb money" has been extremely bullish and the "smart money" has been extremely bearish. These are signs that we are…

• Composite Sentiment Indicator: Update

  Published 12 March 2012 | viewed 0 times

  Figure 1 shows a weekly chart of the SP500 with the composite sentiment indicator. This indicator is constructed from 10 different variables that assess investor…

• Investor Sentiment: Does Bernanke Have Your Back?

  Published 11 March 2012 | viewed 0 times

  The "dumb money" remains extremely bullish and the "smart money" is bearish. It has been that way now for 3 weeks and as expected, gains…

• Gold Facing Brisk Headwinds

  Published 08 March 2012 | viewed 0 times

  Yes, you read that right: "Gold Facing Brisk Headwinds". After spending 51 weeks on a buy signal, our gold model has issued a sell signal.…

• Investor Sentiment: Get a Parachute?

  Published 04 March 2012 | viewed 0 times

  Like last week, the "dumb money" remains extremely bullish and the "smart money" is bearish. What is also certain is that the bulls remain in…

• I Am Not Sure Why This Time Should be Different

  Published 29 February 2012 | viewed 0 times

  I am not sure why this time should be different. Seriously. Yes, I have read all of the internet want to be commentators that claim…

• Investor Sentiment: What is Your Plan?

  Published 25 February 2012 | viewed 0 times

  As we end another week of nuttiness, the only thing you need to know about investor sentiment is that the "dumb money" is buying and…

• SLV: Running into Resistance

  Published 23 February 2012 | viewed 0 times

  We last highlighted the i-Shares Silver Trust (symbol: SLV) back on January 13, 2012 and then again on January 23, 2012. We initially identified the…

• Investor Sentiment: Tough Call

  Published 18 February 2012 | viewed 0 times

  With the exception of the NASDAQ 100 and NASDAQ Composite, the major market indices are approaching the May, 2011 highs. This would be a good…