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Markets

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Wednesday Report...The Wild and Whacky History of the CDNX

Jun 19, 2014 at 05:29

As you know the juniors have been leading the way higher since this move higher began. I would like to show you the CDNX which was our proxy for the…

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Waiting For A Correction Can Be Costly And Frustrating

Jun 19, 2014 at 05:28

Regular readers know we are not big fans of attempting to forecast where the extremely complex organism, known as the market, is headed. If those sitting on cash take an…

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Draghi Hits Savers To Salvage Faux Recovery

Jun 18, 2014 at 14:10

On June 5th, Mario Draghi, President of the European Central Bank (ECB), announced a package of measures, including a policy of negative interest rates, aimed at encouraging or even forcing…

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Oil Trading Alert: Crude Oil - Breakdown or Trap?

Jun 18, 2014 at 13:09

On Tuesday, the price of crude oil wobbled between gains and losses throughout the session as mixed data and profit taking weighed on investors' sentiment. As a result, light crude…

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The Fed's 'Own Goal'

Jun 18, 2014 at 10:40

As we wait to see whether the Fed slants its statement ever-so-slightly to the hawkish side or ever-so-slightly to the dovish side (not to mention whether Chairman Yellen repeats her…

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Canaries Breaking Out!

Jun 18, 2014 at 07:17

All three canaries (the Russell-2000 and the two bank indexes) have now shifted to uptrend states. While the major indexes added only modest gains, the other leading indexes and the…

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Bullish Metals Ratio Charts Indicating a New Healthy Bull Market

Jun 18, 2014 at 07:14

First of all, it is important to keep in mind that Miners are extremely undervalued and the down move in Metals was a cyclical bear market within a secular bull…

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Outlook on the Dollar, Currencies and Markets: Look Out Below!

Jun 18, 2014 at 06:04

The FIFA World Cup and market predictions have in common that we are tempted to create a world of make-believe when it comes to predicting outcomes. While others ponder about…

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US Ten Year Rate Still on Target to Hit 3.5% - Update

Jun 18, 2014 at 06:03

US interest rates are heading higher. Storm coming!

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EUR/GBP: Unimpressive Bounce Thus Far

Jun 18, 2014 at 04:55

EUR/GBP has thus far successfully tested the support at 0.7961. Hourly resistances for a shortterm bounce can be found at 0.8033 (intraday low) and 0.8065 (12/06/2014 high).