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» Technical Analysis

  • Gold Bug Set To Bite Back
    By on October 15, 2014 | No Comments  Comments
    Since hitting a record high of $1921.50 per ounce in September 2011, gold prices have erased 30% in value. By the end of day on October 3, 2014, gold prices were circling the drain of a 15-month low.After such devastation, the global community of gold analysts, advisors and investors finds itself sc...
  • US and Global Confidence Divergent, So Are Markets
    By on October 6, 2014 | No Comments  Comments
    It’s not a secret. Investor sentiment in the U.S. is at very high levels of bullishness and confidence. However, the ZEW Center for European Economic Research reported this week that its investor confidence index fell from 8.6 in August to 6.9 in September. It has fallen for nine straight mont...
  • Look Out Below For Gold…
    By on October 4, 2014 | No Comments  Comments
    Gold experienced a spectacular bull market run from its low at $250 an ounce in 2001 to its peak above $1,900 an ounce in 2011. Its long bull market was largely supported by expectations that the Fed’s easy money policies would create spiraling inflation, of which gold, the historical hedge agains...
  • Dismal News From Just About Everywhere This Week
    By on September 21, 2014 | No Comments  Comments
    Germany’s ZEW Investor Confidence Index fell from 8.6 in August to 6.9 in September. France’s Prime Minister warned that if economic and financial conditions are not reversed “in three to six months, we’ll be ‘foutu’”, which is being translated as ruined or knackered. China reported t...
  • Investors and Advisors Are So Very Confident and Bull...
    By on September 15, 2014 | No Comments  Comments
    As I noted in Saturday’s blog, Barron’s reported that not even one of the market strategists it surveys each September expects the market to go down. 100% are bullish. The Investors Intelligence Sentiment survey of investment letters, shows the smallest number of bears in 27 years. That’s low...
  • Why a Market Correction Now Would be the Best Scenari...
    By on September 11, 2014 | No Comments  Comments
    Current market projections are diverse. Nobel Laureate in economics Jeremy Siegel says he is still not concerned with valuations and has upped his previous projection of 18,000 for the Dow by year-end to “possibly 19,000″. However, Nobel Laureate in economics Robert Shiller is very worri...
  • China’s Market Rally Continues To Impress
    By on September 11, 2014 | No Comments  Comments
    China’s breakout from a symmetrical triangle formation has been yet another example of how the direction of the breakout from such a pattern usually determines the next direction. China’s Shanghai Index broke out of the pattern to the upside in late July, and has gained 10.2% in the two months ...
  • Gold and Bonds Still Diverging
    By on September 10, 2014 | No Comments  Comments
    Bonds continue to defy the experts and pundits, continuing to make new rally highs even as talk increases that the Fed will have to begin raising interest rates sooner than previously expected. Are bonds maybe saying the economy is not as strong as the Fed thinks, or that something is going to happ...
  • Should We Be Concerned About Stocks In September?
    By on September 1, 2014 | No Comments  Comments
    Not that we are predicting a bear market. But is it true, as some are claiming, that it would be rare for a bear market to begin this late in the year after reaching a new high in August. In fact, of the 25 bear markets since 1900, five of them began in September. And another 10 of them began in Oct...
  • Why The Eurozone Is Growing Problem For US Economy
    By on September 1, 2014 | No Comments  Comments
    The 18-nation euro-zone is the largest economy in the world, eclipsing that of the U.S. The euro-zone is the largest trading partner of the U.S. (the largest importer of U.S. goods, the largest exporter of goods to the U.S.). The euro-zone is in an economic crisis. Its recovery from the 2008 glob...
  • Investor Sentiment…
    By on August 30, 2014 | No Comments  Comments
    Nobel prize-winning economist Robert Shiller described the stock market in 2000, 2007, and recently, as having reached the stage of being driven primarily by ‘irrational exuberance’ on the part of investors. He also used the phrase in 2006 to describe what was driving the housing bubble. So wher...
  • European Rallies At Important Juncture…
    By on August 27, 2014 | No Comments  Comments
    Our technical indicators (not shown) have had us calling for a rally in Europe’s markets off their short-term oversold condition beneath 50-day moving averages. For a couple of weeks it was just not happening. Every time they tried to rally they were hit with more bad news, either on their economi...

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