On Tuesday it looked like the gold bears were going to give gold another knockout punch, but then something funny happened. They just kind of went away. It feels like […]
Category: Charts
Froth Peaked In February And That Spells Danger
I’ve been saying this in a number of posts but froth in the stock market peaked way back in February. The chart of SALE is possibly the cleanest depiction of […]
Gold Still In Stage 1
Gold has been in a Stage 1 base all year, and really has gone sideways since mid-2013. The stronger gold stocks have been anticipating a gold breakout, but it hasn’t […]
Homebuilders Look Terrible
The homebuilding sector looks like it could be entering a Stage 4 decline. XHB has been underperforming the S&P 500 since early 2013, and has broken down below the 30-week […]
Switching To Bullish On Twitter
As a trader my first objective is to not be wrong. Therefore having the ability to completely reverse direction in positioning and frame of mind is of vital importance. With […]
It’s Not A Mania!
I heard Ron Insana from CNBC today say “It’s Not a Mania” so you shouldn’t be worried. Thanks Ron. You know what it is though is a Stage 3 potential […]