Markets

Oct 11, 2009 at 00:00

A short-term reversal is almost assured, but the sentiment indicators tell us that we should not expect a major decline at this time. Should we ignore them? Probably not a…

Oct 11, 2009 at 00:00

If you're not into technical analysis, you're not into it. I understand. Drawing squiggles on a chart seems like reading tea leaves to many. I get it. I personally believe…

Oct 11, 2009 at 00:00

A quick look at new highs and new lows shows us that the market is ready for a reversal lower. We of course will wait for the barometer to turn…

Oct 11, 2009 at 00:00

Given the recent move to new highs in gold, I feel that a brief discussion on this topic is in order. As everyone knows, gold made a major bottom in…

Oct 11, 2009 at 00:00

I want to state that equities are for renting not owning at this juncture. I am not calling for a market top, but prices should trade more in a range,…

Oct 10, 2009 at 00:00

These are more than interesting times. You have stocks continuing to move higher off the March 666 Sp lows. Every critical level of resistance struggles initially but eventually gets taken…

Oct 10, 2009 at 00:00

At long last, enough of a scare has been put into policymakers to move them into a multi-pronged effort aimed at propping up the value of the U.S. dollar. Following…

Oct 10, 2009 at 00:00

The market jumped off an oversold low last week. In the previous 2 occurrences (July and September) it continued upward for another week. I expect the major indices to be…

Oct 10, 2009 at 00:00

Technicals indicate a 1987-style stock market crash is anticipated for the current month. The Rising Wedge pattern on today's DJIA daily chart is technically perfect as was the 1987 Nasdaq…

Oct 10, 2009 at 00:00

Some subscribers have noted that my writing tends to give them confidence in their positions, in their beliefs, when things get rough. But I do not give pep talks. All…