The S&P 500 closed on new highs Friday, just missing making new intraday highs. More importantly, the Russell 2000 continues to rip, clearly a big positive when small to mid-caps lead. Several NASDAQ-tech stocks like Google fell from grace putting …
Yes, believe it or not, America is back on top. The new economic Shangri-La. The US stock market roared to new all-time highs this week, fueled by a few choice words (like “maybe, not right now”) from Fed Chief Bernanke. …
"You say you want a revolution
Well, you know
We all want to change the world"
Beatles -1968
As one of the more interesting weeks played out in the world’s political arena it upstaged impressive rallies in the US and …
This Friday marked the end of one of the best ½ year gains since 1998, however “caveat emptor”, as the month of June was a down month, and Friday’s last minute dump to new intraday lows adds a bit more …
The nasty global sell-off in stocks and precious metals this week was not surprising after Fed Chairman Bernanke stated that he will be sending the markets to rehab, taking away the fix of easy money. The markets shot a clear …
Equity markets all over the globe have experienced some serious volatility after the Hindenburg indicator fired off several weeks ago. Shortly after the indication the markets swooned. However, we quickly pointed out that our short term indicators were deeply oversold, …
The market had one of its strongest days on Friday after the much awaited jobs report came in showing modest growth. After the swoon of the past two weeks the market certainly was ripe for a relief rally. What is …
Whether one calls it the Hindenburg or the Titanic Indicator, the signs are ominous. Market meltdowns are named after disasters crafted by human folly. Whether it’s thinking that a ship is unsinkable, a balloon filled with explosive gas is fit …
This picture from a scene of one of my favorite movies featuring Nicole Kidman “Dead Calm” certainly captures the state of the markets. In the movie, Sam Neill playing Nicole’s husband, is trapped below deck in a scuttled sinking ship …
This bull market is relentless; dig it unless you want the shaft. It has totally destroyed short sellers and confounded many players including those that follow seasonal trends, overbought /oversold indicators, Elliot Wave Theory and especially those perma- bears based …
