I thought I would put this more detailed report on finding and trading low risk setups for gold, silver, oil indexes etc....
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
The stock indexes have been trading very choppy making it difficult for swing/trend traders. It's during times like this when seasoned traders rise above the herd of average traders.
The only walking done this week was by Martha Coakley as she exited stage left, embarrassed and shocked. Everyone else ran out of every market and most commodities as the political talk raged on.
The monthly chart of the Dow Jones Industrial Index below (courtesy BigCharts.com) shows that the Index:
On Friday Goldman Sachs and J P Morgan broke down decisively from their Head-and-Shoulders tops, a development that we predicted before the open based in large part on the huge downside volume in these stocks on Thursday.
It was a heart pounding week on Wall Street as traders and investors locked in profits during 2010's first round of earnings season.
"IRRATIONAL EXUBERANCE" It has been my contention since September that we are in a period that looks nothing like the past, but I was wrong.
Seasonality, the tendency for prices to consistently move in the same direction at particular times in the calendar year, is always fascinating.
It's been a crazy week for stock and futures traders as the market moved up and down like a yoyo, finally closing down sharply on the week.
For the past few weeks I have been expecting the market to correct. By looking at the price action on the weekly and daily charts we can see that there has not been any real pullback since November and that is important to note.
Information in this day and age has become exponential but understanding remains incremental whilst changes will come later and be more painful.
Information in this day and age has become exponential but understanding remains incremental whilst changes will come later and be more painful.
Whether you are trading stocks, ETFs or futures, technical analysis is the preferred choice for short term traders. Technical analysis in short is the study of price and volume movements on charts.
This week's letter is abbreviated since most things were mentioned in the update to subscribers, and quite frankly that long update burnt me out.
I know a lot of funny jokes. They are so funny that one of my friends has confessed that he has nightmares of ending up in the same old people's home as me, listening to me tell those jokes over and over again.
I know a lot of funny jokes. They are so funny that one of my friends has confessed that he has nightmares of ending up in the same old people's home as me, listening to me tell those jokes over and over again.
At the end of the day the economy is driven by the sum total of all businesses and investing is/should be about finding good companies which are well managed by professional managers who understand that they are employed by - and a
Over the last few months, the behavior of the US stock markets has been rather vexing. Usually when they grow overbought, when greed and complacency wax extreme after a powerful rally, a healthy pullback soon rebalances sentiment.
The purpose in owning commodities like gold, silver and oil is to protect oneself from the effect of inflation that I believe will begin to assert itself in the coming months.
'Let he who had not sinned throw the first stone' - Jesus of Nazareth
I always try to keep things simple. Any highly educated dummy can use big words and double speak, like Allan Greenspan (who was the master at it), but when you walked away you wondered what it was that he actually said.
'Let he who had not sinned throw the first stone'
Jesus of Nazareth
Jesus of Nazareth
It's nice to be back to work after a hectic and unfortunately stressful holiday season.
In Part One I discussed the clear and present danger to pension rights: deflation as manifested by the interest rates structure that has been falling for almost thirty years, while most observers still think that the real danger is
Copper has enjoyed a spectacular run higher. In calendar 2009 as it emerged out of the stock-panic-induced commodities-price crash, it rocketed 153.2% higher!
The year 2008 bore my mark as the year the system broke. A public article addressed the issues, laid out before the breakdown occurred in September of that year.
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10 karat gold is 41.7% pure gold.
