Markets

Nov 07, 2011 at 07:20

Summary: Long term - on major buy signal. Short term - on buy signals. We had set ups this week but risks were more than manageable. Hoping for a pullback…

Nov 06, 2011 at 19:06

When Dexia was nationalized I said the clock was now ticking. Counterparty risk was the new threat to the global economy. When confidence is gone the system simply shuts down.…

Nov 06, 2011 at 19:03

With all eyes on the unemployment report and Europe, the CME Group's PR Department nearly created an all out panic with their announcement after the market close on Friday relating…

Nov 06, 2011 at 19:01

One thing this market doesn't need is too much bullishness. The lack of bears means that there is little short covering fuel to power a move higher, and with too…

Nov 06, 2011 at 19:00

The last (but not least) study for this weekend - promised - , unfortunately another one suggesting a significantly better-than-random chance for at least one lower close over the course…

Nov 06, 2011 at 16:28

My long-term count remains the same: Double ZZ off the 2000 peak. The wave (X) topped on July at 1347. The wave (Y) down will challenge and may exceed the…

Nov 06, 2011 at 16:25

The SPX is likely to make a new recovery high -- perhaps to its 1310-1320 projection -- before ending its rally from 1075. After that, it will be vulnerable to…

Nov 06, 2011 at 16:24

I believe it is highly likely that we will experience an environment, similar to November of 2008, where the ECB and the Fed is actively attempting to stimulate - but…

Nov 06, 2011 at 09:17

Stocks should decline this week, according to the highest probability Elliott Wave scenarios, and according to small Head & Shoulders top patterns unfolding. Downside targets are 11,000ish in the Industrials…

Nov 06, 2011 at 09:14

The S&P 500 closed out the first week* of November with a -0.63% loss on the day, trading lower -2.48% week-to-date, and is almost unchanged month-to-date (or to be exact…