Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 304 = 16,776 SPX + 35 = 1987 NAS + 73 = 4781 10 YR YLD + .07 = 2.06% OIL + .72 = 46.26 GOLD – 2.50 = 1136.90 SILV + .40 = 15.77 The Dow Industrial Average has gone from a…
The popular belief that the U.S. economy has been steadily recovering has endured months of disappointing data without losing much of its appeal. A deep bench of excuses, ranging from the weather to the Chinese economy, has been called on to justify why the economy hasn’t built up any noticeable steam, and why the Fed…
During the session on Tuesday, there aren’t many economic announcements to move the market, and we believe that as a result it will be very technically driven during the session. With this, we take a look directly at the charts. USD/JPY ready to make a move? The USD/JPY might be one of the exceptions in…
Silver led the way higher for the precious metals today as gold was capped at the 1140 level. The Gold/Silver ratio has dropped a bit but is still quite high at 72. There was little action at The Bucket Shop except for the usual slow bleed of bullion out of the warehouses as is shown…
Today I deleted Star Gas Partners (NYSE:SGU), API Technologies (NASDAQ:ATNY) and LHC Group (NASDAQ:LHCG) from the Barchart Van Meeerten Speculative portfolio for negative price momentum. Star Gas Partners Barchart technical indicators: 80% Barchart technical sell signals Trend Spotter sell signal Below its 20, 50 and 100 day moving averages 17.94% off its 52 week high Relative Strength Index 32.71% Recenlty traded at 8.14…
The third quarter of 2015 was a bad one for the market. The S&P 500 fell 7%, its worst performance in four years. In the third quarter of 2011, the S&P 500 dropped 14%. It then rallied in the fourth quarter to finish the year exactly where it started. If you include dividends, you made…
It Can’t Get Any Worse? On Friday, shortly after the release of the payrolls report, we asked half in jest whether the time had finally come for the market to interpret bad news as bad news, and not as an opportunity to speculate on more central bank largesse. As someone remarked to us later: “You had to…
It’s been so long that I’ve actually suggested a bullish chart, I thought I’d break my own trend and do so: here is one of the very few charts that looks like a good, strong long pattern: Boyd Gaming.
Everything must be awesome, right!!! This 5-day run is even bigger than the ramp off the October 2014 Bullard lows… This is the biggest 2-day short-squeeze since October 2011 (the last time the market squeezed like this was after the Black Monday plunge… which saw new lows hit) Volume was abysmal… …
Gold and silver markets enter the week with an opportunity to build on last Friday’s strong reversal. The metals had drifted lower through Thursday’s close, but they got a big boost Friday after the Labor Department released disappointing jobs numbers. Even though the official unemployment rate held steady at 5.1%, the number of jobs added…
