The market experienced a follow through day yesterday. By my discipline, it means the market is back in an uptrend…but…keep in mind, there has been a lot of damage done…and if this is going to work, it may take some time. It is just good to see the market holding the recent lows and actually…
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…
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…
What happened to lowering the tone? She should be hosting a show on MSNBC! Her words speak for themselves… https://www.youtube.com/watch?v=NBi2y84l1cQ
Exclusive: Goldman CEO hires high-profile attorney | Reuters
Wall Street Aristocracy Got $1.2 Trillion From Fed
On Friday, I told you Gold stocks were poised to break out of a long range. On cue, they are moving out today. Just one glance at the GDX tells the tale. Other names are moving out of range. My dilemma is buying the underlying stocks while the metal is so extended. One has to…
The DOW is at 10,817 with the 50 day moving average at 12,000. The S&P is at 1123 with the 50 day moving average at 1275. The NASDAQ is at 2341 with the 50 day moving average at 2680. The NDX is at 2038 with the 50 day moving average at 2275. The TRANSPORTS are…
I GUESS THEY COULDN’T FIND ANYTHING BETTER FOR $112 MILLION.
After another nauseating high volume sell-off, the market is getting some relief. As I write this, the Dow is up 80 and the Nasdaq up over 30. It did not start too well as futures were way down. The market is in the midst of testing the recent lows of last week. I just urge…
