Dow is up solidly today, but this is only bouncing it to the broken 50 day moving averages. SPX is up a smaller amount, which makes sense since it was…
I currently own 3 components of the venerable Dow 30 index, so today is fine. But the markets were driven down on China hype on Friday and up on same…
In part 1 we noted the gaps to start 2015 that were likely to fill, and in part 2 we updated the progress. Part 3 will close the series because…
Here is the progress of the 4 US indexes noted as we began our Gappy New Year... RUT is entering the support zone with the gap down below. NDX is…
It looked like a few rats tried to jump ship as the bell rang on 2014. But it is hard to trust any one day or week as a guide…
[edit] Post veers at little at the end, may require a couple reads... [edit2] Attn: Subscribers, material dovetails with market analysis in #318 [edit3] Charts are quite large; click for…
From MacroTrends... "This chart tracks the three primary secular cycles of the Dow to Gold ratio, smoothed with a 3-month moving average. The cycles are measured by how many ounces…
DOW has reached initial resistance with bounce target #1 about 100 points higher.
Updating the charts we have used to gauge October’s little bearish ripple and projected bounce back.
Yesterday HUI did exactly what we asked it to do in order to remain normal to the current plan. It dropped into the 224’s, filled the gap and has not made a lower low to the last green arrow. So it remains in a baby uptrend. I would not get too concerned about reading a rising wedge into a 30 minute chart, but it is inserted regardless to again play Devil’s Advocate.
The ‘bounce’ has been more powerful than I thought it might, bringing the prospect of the next up phase – indeed a potential melt up phase – into the picture. But one leader has been negatively diverging the rally of the last week…