Markets

Dec 21, 2015 at 05:08

EUR/CHF is trading the symmetrical triangle but the upper bound is targeted. Hourly support lies at 1.0733 (28/08/2015 low) and hourly resistance can be found at 1.0956 (29/09/2015 high). Expected…

Dec 20, 2015 at 16:30

I also see the possibility of a Dec 4 type melt-up in both the stock market and gold/GDX Monday Dec 21. This could easily be followed by another large drop…

Dec 20, 2015 at 16:23

Gold's technical picture is actually little changed from the last update posted on the 6th, apart from its having made marginal new lows late last week. What has changed is…

Dec 20, 2015 at 16:22

Silver has been somewhat weaker than gold in the recent past and dropped to clear new lows last Monday, as we can see on its 6-month chart below, but this…

Dec 20, 2015 at 15:36

Good friend Michael Pollaro just sent a couple of charts that show the US economy heading for a brick wall. The first illustrates what happens when business sales (the green…

Dec 20, 2015 at 15:34

Indeed, with last week's action, it appears that SPX is starting a new downtrend after having made a secondary top at 2104. Because the amount of distribution which has been…

Dec 20, 2015 at 11:14

Ever since the famous Irrational Exuberance comments by Greenspan in late 1996, Fed Chairs have made all kinds of comments about bubbles, or lack of bubbles, in the stock market…

Dec 20, 2015 at 09:19

It is bizarre that stocks rose sharply during the two day Fed FOMC meeting, a mysterious time-out inside a declining trend from our December 8th Purchasing Power Sell Signal, which…

Dec 20, 2015 at 09:17

I am becoming increasingly concerned over the flattening yield curve. This curve enables us to get a first hand view of sentiment towards economic growth among bond investors and other…

Dec 20, 2015 at 09:15

The Benchmark SP500 Index and Blue Chip-heavy Dow Jones Industrial Average ended the week with their worst two-day sell off since September 1st. All the major indexes finished the week…