(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) VERY SHORT-TERM OVERSOLD CONDITION RELIEVED, GOLD TRADING UNDER $1200 June 28, 2013 The oversold condition of the stock market in the very short-term has now been
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) QUADRUPLE WITCHING DAY June 21, 2013 Today is the quadruple witching day when stock index futures, stock index options, stock options, and single stock futures expire.
(Click here to enlarge the chart) Hindsight is always 20/20. Fortunately in the world of investments, there are times when foresight can also come close to being 20/20. Ben Bernanke’s testimony before the Congress on May 22, 2013, was one of those times. In a similar fashion, the Federal Open
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) GOLD AND SILVER SPIKE ON HEADLINE PPI NUMBER June 14, 2013 Gold and silver spiked on headline Producer Price Index (PPI). Headline PPI came
Both the stock and bond markets are becoming increasingly volatile. Going back 30 years, high volatility is common after a sustained run and subsequent to the appearance of technical patterns that indicate a reversal. This time is no different. On May 30, I wrote about how an island reversal was highlighting
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) EMPLOYMENT DATA OFFERS NO CLARITY, MILDLY NEGATIVE FOR GOLD AND SILVER June 7, 2013 May Non-Farm Payrolls came at 175K vs. 159K, in other words
On May 23, I wrote about the market forming an ominous technical pattern. The pattern I discussed was an “outside day” which is a reversal pattern. Now, days later, the stock market has traced out another reversal pattern called an “island reversal.” You can see the pattern through the link below.
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) PERSONAL INCOME AND SPENDING WORSE THAN EXPECTATIONS, GOLD BUYING IN ASIA BUT SELLING IN AMERICA May 31, 2013 April personal income came at 0.0% vs.
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) STRONGER DURABLE GOODS BUT WEAK RALLY IN JAPAN, GOLD REACTS May 24, 2013 April Durable Goods Orders ex-transports came at 1.3% vs. consensus of 0.5%. After
In the wake of Bernanke’s testimony before Congress and the release of Federal Open Market Committee (FOMC) meeting minutes, the U. S. stock market traced an ominous technical pattern. In traditional technical analysis, this pattern is known as an “outside day.” The outside day is visible on the chart of