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I think our pal Brian Hunt hits the nail on the head in his DailyWealth piece– he talks about the only thing you need to consider right now when placing a trade: Knowing whether it’s “risk on” or “risk off” is the single biggest factor in any trade you make right now… If you’re long […]
Happy Groundhog Day! And don’t try telling me otherwise – at least as far as the markets are concerned. Everyday the S&P 500 creeps higher – as does gold, silver, and what the hell, even the Euro! Is Punxsutawney Phil nearby? Let’s start with the S&P, which has bounced several times off the 1040 mark, […]
Yesterday we mused that a turning point may be appearing in the markets, as indicated by the negative divergences that are popping up. In a rare act of God, we were right! Well, at least for a day. And they’ll never be able to take that away from us. Stocks, commodities, and just about everything […]
Checking in on Some Key Charts Major indices hit new recovery highs today, with the DOW hitting it’s highest mark in the last 18 months. Trading volume remains tepid, however – as you can see from this chart of the S&P 500, this recent rally appears to lack some conviction: Rallies have been occurring on […]
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