Markets

Nov 18, 2013 at 05:27

EUR/USD continues to grind higher after having successfully tested its recent low at 1.3296 (see also the 50% retracement). A resistance stands at 1.3548 (see also the broken rising channel).…

Nov 17, 2013 at 18:49

The sell signals discussed in my last weekly update have not materialized. Instead SPX continues to resist with boldness establishing new ATH. I have failed to perceive that price had…

Nov 17, 2013 at 18:11

In the past week, the SPX showed its propensity for going higher as its structure shifted from a potential ending diagonal to a final fifth wave, which should end the…

Nov 17, 2013 at 16:53

Auditing the Fed is an excellent first step toward restoring a monetary policy that works for the benefit of the American people, not the special interests. Another important step is…

Nov 17, 2013 at 16:51

For a while there it looked like Europe was beginning to dig itself out of the pit into which it had fallen after the 2008 banking crisis ... But just…

Nov 17, 2013 at 15:56

Reports like the recent one from SNL Financial - Branch Networks Continue to Shrink really get my goat. As I travel the increasingly vacant highways of Montgomery County, PA I'm…

Nov 17, 2013 at 15:53

The stock market is honestly rising as far as credit accumulation, money printing and willful policy will take it. Right now, that appears to be pretty far. But I simply…

Nov 17, 2013 at 06:46

The best and most reliable source is the market itself. It provides all available information from all available sources condensed into a bar, depicting the open, high, low, and close…

Nov 17, 2013 at 06:35

The 'Chandelier Exit' indicator fits our evil plan of reviewing stock price action with Richard Wyckoff Logic.

Nov 16, 2013 at 09:52

Despite a string of new all-time highs, many investors are sitting out what has been one of the most impressive stock market rallies in years. A "buyer's strike" has materialized…