"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •597 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 2,177.60 | +108.90 | +5.26% |
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WTI Crude •10 mins | 66.36 | -0.04 | -0.06% |
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Gasoline •11 mins | 1.995 | -0.012 | -0.58% |
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Ethanol •597 days | 2.161 | +0.000 | +0.00% |
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Silver •597 days | 30.82 | +1.16 | +3.92% |
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Silver • 597 days | 30.82 | +1.16 | +3.92% | |
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Copper • 597 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 71.66 | +0.39 | +0.55% | |
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Natural Gas • 11 mins | 3.045 | +0.049 | +1.64% | |
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Heating Oil • 11 mins | 2.572 | -0.042 | -1.62% |
Markets
EUR/USD: Testing Support at 1.2875
EUR/USD has weakened after failing to break the resistance at 1.3140 (17/10/2012 high). Monitor the test of the key support at 1.2875. An hourly resistance is at 1.2973 (07/12/2012 high).…
Weekly Technical Analysis
The major issue that we have to deal with is that despite price is not unfolding an impulsive up leg from the November 16 low, being corrective will not be…
Market Turning Points
The action of the Dow complex at week's end points to higher prices. The industrials and financials rose to new rally highs on Friday, as did the NYSE Composite Index.…
Investor Sentiment: More Issues
Add extreme selling by corporate insiders to last week's list of worries. This "smart money" is selling to a degree last seen February 18, 2011. Following this signal, the SP500…
Weekend Update - Commodities and Shipping Special
This weekend, while Italy is likely to lose its Monti, we are taking a break from Europe and the US fiscal cliff in order to look at stuff that gets…
The Fiscal Cliff and Constitution in Crisis
The Political Foundation of the status quo in America is based on a Grand Bargain of Complicity between the top 25% who pay approximately 90% of the taxes, and the…
Market Report: Long Term Elliott Wave Analysis of SPX
My preferred wave count is similar to the idea I posted some weeks back on the DAX and that I suspect the SPX is inside a 5th wave for an…
The Australian Dollar is Overbought
Last week, the Reserve Bank of Australia (RBA) cut its policy rate by 25 basis points. Economic data confirmed that a peak in resource investment is nearing. Further cuts were…
The State of the Trend
Last week we suggested that despite positive seasonals, the SPX will have trouble overcoming resistance at the 1420 - 1425 level. After testing this zone twice, the index finished the…
Panic Coming!
The TV pundits all contribute their fair share to the conditioning process by clouding thoughts of any market player. To the extent that all ambiguities presented will bait investors to…
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