Finance

US Majors Setup Massive Bottom Confirmation Pattern

On Wednesday, May 2, we issued a research post supporting our position that the markets were nearing an apex breakout and that critical support and resistance levels had established within the market.We indicated that volatility is usually quite high throughout these apex breakout moves with the potential for a “wash-out” price rotation in the works.In…

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An incredible sigh of relief – for money managers, has them enthused that all woes of significance are over; and Goldilocks has returned. Even the Fed’s Williams reinforced that view, with his remarks. Back to ‘Goldilocks’. We won’t complain if it’s really the case, as I have called for volatility phases in this market, not…

Warren Buffett, Charlie Munger Slam Bitcoin Again

Billionaire investor and Berkshire Hathaway’s Chairman and CEO Warren Buffett reiterated his negative stance towards cryptocurrencies at the annual meeting of his company Saturday, May 5. Buffet repeated his idea that cryptocurrencies will come to a “bad ending,” and claimed that BitcBit (BTC.X, BITCOMP) is “probably rat poison squared,” according to CNBC. In response to a question on Buffet’s view of cryptocurrencies…

Gold Vs S&P 500: Polar Opposite Price Patterns

Today’s chart 2-pack takes a broad look at Gold and U.S. Equities. Both assets appear destined for a resolution soon.  Could they be headed in opposite directions? Perhaps so… if these technical patterns play out according to the script. In the 2-pack below, we have a “monthly” bar chart for Gold and a “weekly” bar chart for the S&P 500…

The Downside Of Regulating Facebook

In congressional testimony last month, Facebook (FB) CEO Mark Zuckerberg said he would support regulation of his own company. Sens. Amy Klobuchar, D-Minn., and John Kennedy, R-La., have now taken him up on the offer, introducing a bill, S. 2728, to impose broad new restrictions on how Facebook and other social media companies can collect…