WATCH THE NASDAQ

WATCH THE NASDAQ

I shouldn’t say this because it is only 1020 am but NASDAQ showing supportive action…even when DOW was down 200, felt no selling in the NASDAQ…so with DOW down 100, this could be some near-term good news. I always want to see the NASDAQ lead and this morning, it definitively is. As far as Bernanke,…

GOLD STOCKS FAILING TODAY AS THE METAL FINALLY WACKED

GOLD STOCKS FAILING TODAY AS THE METAL FINALLY WACKED

 Yesterday I told you that GOLD STOCKS were breaking out but that my worry was that the metal was ridiculously extended. I asked what would happen if the extended metal started pulling in. We got our answer today as GOLD is down big…with the underlying stocks following as their breakouts fail. I read this morning that the GLD…

GROPING FOR A LOW

GROPING FOR A LOW

OK…it is early…and after yesterday’s nauseating reversal off of a hot open, very tough to get anything out of today’s early action. But I couldn’t help but notice a poor manufacturing number, coupled by a poor home sales number this morning. Instead of the market selling off, it has been actually bought up. Again, it…