Wealth Creation Through Natural Resources
Stocks have gotten whacked in the last 24 hours with the S&P 500 falling more than 40 points from high to low. The daily chart of the S&P (SPY) shows a potential breakdown from a pennant pattern which has formed … Continued
Lets be honest. The US stock bull market probably should have died a couple years ago. But it hasn’t. In fact, the SPY (S&P 500 ETF) made a new high on Monday while the Nasdaq Composite made yet another all-time … Continued
The S&P 500 briefly fell below its rising 200-day simple moving average last week and flirted with breaking the neckline of a multi-month head & shoulders top pattern: Bears might have thought that the Shanghai market crash or the … Continued
There is certainly no shortage of noise out there for investors to get confused by right now. From China to Greece to speculation about when the Fed will hike rates, it’s seems as though there is an endless barrage of … Continued
After a dozen years of trading I have learned that the most profitable trade setups are the simplest ones that take place during moments of market extremes (euphoria/panic). One such setup could trigger tomorrow morning if things evolve accordingly overnight … Continued
While there are literally dozens of valid reasons to be bearish on equities right now, there is one simple reason to be bullish that trumps them all. The case for more upside in equities over the coming weeks: While … Continued
Say what you want about the AAII Sentiment Survey, undoubtedly it’s quite flawed and that’s not a surprise to anyone. However, the survey which came out this morning (which represents how investors were feeling at the end of last week … Continued
The S&P 500 is testing an important level of support that has led to a rally each of the last 3 times that it’s been tested: With the S&P working on its 4th consecutive down day and below the … Continued
Weekly chart wrap for the week ending 6/5/2015 – we saw some seismic moves in interest rates as equities began to show some chinks in their armor. The current trends are as follows: Oil: Oscillating within a range Precious metals: … Continued
It’s been a long time since i’ve seen such an abundance of yellow/red flag warning signs out there. At this moment I would be remiss if I did not point out all the warning signs i’m seeing: M&A activity during the … Continued