Today the stock markets completed their bounce off last weeks lows, no doubt mainly to get speculators in position for the next two days when the pension and 401K advisers make their monthly buys for their clients. Somewhere I have…Continue Reading →
S&P is bouncing off the first support level of 1295, could bounce to 1325.
If you are perplexed about how the stock market can be so strong with so many people unemployed and states and municipalities in trouble and having to cut employment. Take a look at the real America, Walmart stock is 25…Continue Reading →
The two lagging markets, gold and oil, finally got their push up into the area of annual resistance. This kind of completes the picture. Today, some of the commodities are giving computer system sell signals however the stock markets are…Continue Reading →
Yesterday we saw the hot money chasing cotton, corn and silver. No doubt there is a lot of hot money out there but for some reason the two big markets, oil and gold are well within the forecast range for…Continue Reading →
Usually activites like this will hurt your head. We continue to look at the stock market as a sideways affair for this year with the lows only down 16 percent from current levels and only down 9 percent on the…Continue Reading →
While about half the markets we keep tabs on here have overshot their anticipated yearly ranges by two to three percent we maintain the low volatility outlook and will eventually produce new ranges with the bottom side pulled up by…Continue Reading →
Here we are providing a table of numbers for the markets we watch most closely, a combination of ETF’s and Commodities. The first calculation column is the percentage change from September 1, 2010, the announcement of QE2, and the start of the…Continue Reading →
For those like me, watching the Administration and the Fed talk about the employment situation is sad. The fact that the media and the public accept the pronouncements that go along the line ” it will be a long time…Continue Reading →
The senses peak at major turning points. In order for markets to reach extreme levels, up or down, sentiment on both sides of the market has to be at an extreme. Otherwise no one would sell in the current environment…Continue Reading →