"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •573 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 2,619.90 | -258.20 | -8.97% |
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WTI Crude •11 mins | 62.47 | +1.84 | +3.03% |
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Gasoline •17 mins | 1.870 | +0.050 | +2.74% |
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Ethanol •573 days | 2.161 | +0.000 | +0.00% |
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Silver •573 days | 30.82 | +1.16 | +3.92% |
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Silver • 573 days | 30.82 | +1.16 | +3.92% | |
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Copper • 573 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 67.60 | +2.01 | +3.06% | |
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Natural Gas • 11 mins | 6.495 | -0.305 | -4.49% | |
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Heating Oil • 11 mins | 2.665 | +0.097 | +3.79% |
Markets / Other
Silver - Making Fresh 5-Year Lows
Silver has broken the support area between 15.28 and 15.07. However, the strong support at 14.64 has thus far not been decisively broken. Hourly resistances can be found at 15.58…
Market Turning Points
With the mounting evidence against prolonging this uptrend much farther, it is increasingly risky to remain bullish on the market until it has had a solid correction. By at least…
Dow Big Fake Out and VIX Analysis
The Dow's parabolic move higher has continued with gusto throughout November. So what's next? Well, I think Santa is coming to the party with a Christmas rally that will be…
Friday Night Charts...Black Friday in The Energy Markets
Tonight I would like to update a few oil charts I posted several weeks ago when oil was breaking out of that multi year five point triangle reversal pattern.
Judging Price Architecture
Have an eye to judge price action, readtheticker.com tool clearly shows price action architecture.
SPX: Daily Dark Cloud Cover and Weekly Shooting Star
Obviously this potential trend reversal pattern needs to be confirmed next week. Furthermore the 10 dma which today stands at 2058 and coincides with an accelerated trend line from the…
Technical Market Report for November 29, 2014
The market has been following the average seasonal pattern pretty closely and that pattern calls for another week of gains. I expect the major averages to be higher on Friday…
US Dollar Index and Oil Analysis
The US dollar has surged in recent months breaking some obvious resistance levels. This has brought out many calls for an even bigger move up. While this is possible, I…
This Past Week in Gold
Summary: Long term - on major sell signal since Mar 2012 when $HUI was at 550. Short term - on buy signals. Gold sector cycle - up as of 11/14.…
Silver Bear Still Looms
Though impressive, the 10% move up off the $15.04 print low remains suspect. The paper denominated price of silver is fast approaching overhead trendline resistance at the $16.80 level.
