Guy Lerner

Technical Take

Contributor since: 26 Feb 2010

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• Composite Sentiment Indicator

  Published 24 October 2011 | 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: What is the Significance?

  Published 24 October 2011 | viewed 0 times

  As expected, the bearish extremes in sentiment have resolved or are resolving into a more neutral investor stance as prices in the equity markets have…

• Gold Miners: This is a Great Set - Up

  Published 20 October 2011 | viewed 0 times

  Figure 1 shows a weekly chart of the Market Vectors Gold Miners ETF (symbol: GDX). Figure 1. GDX/ weekly The pink and black dots represent…

• Why October, 2011 isn't August, 2010

  Published 18 October 2011 | viewed 0 times

  I often get the feeling that traders and investors have put too great a trust in the monetary magic of the Federal Reserve. It's August,…

• Are Bonds Still Attractive?

  Published 17 October 2011 | viewed 0 times

  My bond model has been positive since March 11, 2011, and this move in bonds has been at odds to what other market mavens (Pimco's…

• Investor Sentiment: Buy the Dip

  Published 16 October 2011 | viewed 0 times

  Last week's bullish "call" was good if not obscene. I know we want and expect the NASDAQ100 to go up 7% every week, but somehow…

• Don't Forget About the Dollar

  Published 15 October 2011 | viewed 0 times

  Figure 1 is a weekly chart of the Dollar Index. Figure 1. Dollar Index/ weekly The strength of a month ago has given way to…

• Is the US Economy in a Recession?

  Published 14 October 2011 | viewed 0 times

  The National Bureau of Economic Research is the official arbiter of economic expansions and contractions. Their official recession calls tend to be after the fact,…

• Performance of SP500 in Recessions

  Published 13 October 2011 | viewed 0 times

  The National Bureau of Economic Research has yet to declare that the US economy is in a recession, but they are usually late in making…

• Where is the 'R' Word?

  Published 13 October 2011 | viewed 0 times

  I don't hear the "R" word mentioned much these days. The "R" word isn't for "resilient" as in "gee Bob (Pisani), the stock market is…

• Bullish Dollar v. SP500

  Published 09 October 2011 | viewed 0 times

  Figure 1 shows a weekly chart of the SP500. The price bars marked in red are those times when our Dollar model (see this article)…

• Investor Sentiment: This is Bullish Because...

  Published 09 October 2011 | viewed 0 times

  The current set up is bullish not because investor sentiment remains extremely bearish, but because prices have closed above a key pivot level. For the…

• Bullish Dollar is Good for Gold

  Published 07 October 2011 | viewed 0 times

  Figure 1 shows a weekly chart of gold (cash data). The price bars marked in red are those times when our Dollar model (see this…

• Dollar Index: Bullish

  Published 07 October 2011 | viewed 0 times

  The last time I looked at the Dollar Index was on September 2, 2011, and I made the statement: "The Dollar Index is making an…

• Investor Sentiment: This is How I Roll

  Published 01 October 2011 | viewed 0 times

  As expected investor sentiment remains extremely bearish. Typically, these are bull signals, or rather that is how it works out about 80% of the time.…

• Oil: Breaking Down

  Published 30 September 2011 | viewed 0 times

  Figure 1 is a weekly chart of the i-Path Goldman Sachs Crude ETN (symbol: OIL). Figure 1. OIL/ weekly Simply put OIL has broken down.…

• It is Time to Put Up or Shut Up

  Published 30 September 2011 | viewed 0 times

  It is time for the market to put up or shut up! Many of the indicators that I look at suggest that the markets are…

• GDX: Mixed

  Published 28 September 2011 | viewed 0 times

  What a difference a week makes. On September 16, I was bullish on the Market Vectors Gold Miners ETF (symbol: GDX). As you can see…

• SLV: Toast

  Published 27 September 2011 | viewed 0 times

  Figure 1 is a weekly chart of the i-Shares Silver Trust (symbol: SLV). Figure 1. SLV/ weekly With a close below two key pivot levels,…

• Gold: Fundamentals Remain Strong

  Published 27 September 2011 | viewed 0 times

  Despite last week's drubbing, the fundamentals for gold remain particularly favorable. Gold has fallen about 17% from its highs, and most of the drop occurred…