Investing and Trading News, with a Contrarian, Sarcastic Twist!
Could the re-emergence of Mr. T be the mother of all sell signals for gold? Kevin Depew, Editor-in-Chief of Minyanville, explored the “Mr. T Gold Indicator” in a wonderfully written – and hysterical – article: The Mr. T Gold Indicator is a proprietary technical indicator created by Minyanville to identify and anticipate prospective exhaustion points […]
Astute reader Legrand posted an insightful comment below our article about shorting the S&P 500 that I wanted to call attention to. I believe he’s onto something very important: Back to my father’s generation- the boomers. They really have only seen inflation during their adult lives. Deflation isn’t something that seems plausible. Their entire adult […]
After trading hours Monday, we shorted the S&P 500 again via the futures market – because, well, we couldn’t bare to be on the sidelines anymore. We had HOPED for a rally that would carry the S&P towards the 1120 or 1130 mark. It did not materialize. The reversal was sharp and swift. It was […]
What a pathetic showing by the S&P 500. It’s been completely unable to rally despite an extremely oversold condition. Our original price target for the S&P rally was 1091-1123. We rallied into the lower end of that range, reversed, and that was it. When stocks can’t maintain a countertrend bounce (and also when that bounce […]
Contrarian indicators don’t get much better than this. Our good friend here in town, fellow Austrian economist fanatic Jonathan Lederer sent along word today that the California State Teachers’ Retirement System (CalSTRS), has approved a plan to begin investing in commodities “as a hedge against inflation and to buffer losses in equities” (Seriously, I’m not making this […]
What a way to end the week! The bears, and more importantly, the much feared deflation bird are back in charge. For how long? Yesterday, we took stock of the situation, and surmised that while the mini-rally on the S&P 500 had gone as far as it needed to. So we figured the odds favored a […]
Robert Prechter: Gold isn’t the safe haven many think The euro’s recent loss has been the dollar’s gain, which means that it’s not the best time to buy the U.S. dollar. Meanwhile, the most popular alternative to currencies, gold, isn’t such a good buy either. Watch the excerpt from Robert Prechter’s May 20 interview with […]
It’s likely that few people living today can recall a more treacherous near term economic and investing environment than the one that staring us down right now. So how should you invest? Guest author David Galland takes a look at the intricately entwined global economic mess – and shares some insights about how you should gear your portfolio. — […]
Here’s an update on the short term trend of the stock market. When this recent rally kicked off on May 27th, we took a shot at a short-term price target for the S&P 500: For my calculations, I’m saying that this decline began at 1173 on the S&P, and ended at the intra-day low of […]
This is turning into “Commodity Short Alert” day here at Contrary Investing! We just warned you about the ailments of copper, which looks like it may have eaten some bad chow mein for lunch. Also “down” on this “up” day for the markets was cotton – which has been breaking down in a major way […]
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