Gold Price Correction: Targets and Thoughts
Gold has always been a tricky trade.
Day-to-day movements in the US Dollar and back-and-forth statements from the Federal Reserve only add to this.
That said,...
S&P 500 Momentum Slowing as Market Cycles Point to a Top
The S&P 500 (SPX) was up 33 points to 2834 last week, an increase of 1.2%.
Our projection for the coming weeks is for the...
Russell 2000 COT Report Data: Bounce or Bull?
The chart below looks at non-commercial futures trading positions for the Russell 2000 Index.
For the week, the cash Russell 2000 Index (RUT) traded higher by +2.3%.
Here’s a...
Blackberry Investor Outlook Strengthens on Earnings, But Stock Price Overbought
Blackberry (NYSE: BB) soared 13% on Friday, after the company posted earnings that beat Wall Street expectations.
While we see further upside, we believe that...
U.S. Equities Trading Outlook: Bulls Still In Charge
S&P 500 Trading Outlook (3-5 Days): Bullish
I am expecting 2860 to be challenged and exceeded in the week ahead before any top.
“Time” remains a bit...
Stock Market Today: Large Cap Growth Leadership
Stocks are turning higher into the end of the week, as the S&P 500 Index (SPX) pushes past 2800.
This could set the stage for...
Analyzing the S&P 500 in Three Stock Market Charts
The S&P 500 (SPX) is in a consistent pattern of higher highs and higher lows. Charles Dow would tell you that this is the definition...
Skechers Stock Pops On Upgrade, But Downside Risks Lurking
Skechers (SKX) rose by 3% on Wednesday, after a Susquehana analyst upgraded the stock.
However, we believe the downside risks may weigh through the end...
Stock Market Today: Breadth Metrics Remain Constructive
Stocks slid yesterday with the Nasdaq Composite and tech stocks leading the market lower.
But the stock market appears to be in a consolidation pattern....
Copper Miners (COPX) Stock Correction May be Complete
In November, we suggested that readers might wait for a shorting opportunity that was visible on the horizon for the copper mining ETF.
At that...
