Monthly Archives: December 2011
The market some heavy names were trying to convince us that it will suffer the most actually returned the most by far. What is happening here? Have we learned our lessons or are we destined to repeat the same mistakes in 2012? Five lessons … Continue reading
As of the close of yesterday there were inside days formed in the three major stock market indices and their corresponding ETFs. Although this type of price action signals indecision, an analysis of its patterns shows that the short-term market bias is still … Continue reading
Spot silver prices continue under pressure and are about testing important support near $26.05 an ounce. At the same time this precious metal is in oversold territory with a 14-day RSI at 26.40. A rebound from these levels would be a natural … Continue reading
As I have noted in a previous post, S&P 500 and SPY are moving inside an up-channel most analysts have missed because they pay too much attention to low probability chart patterns like a non-standard and irregular inverse head and shoulders that in my … Continue reading
Bond yields rose recently and as a result prices fell. TLT, the ETF that tracks the Barclays Capital U.S. 20+ Year Treasury Bond Index, corrected after testing resistance near its all-time high. Prices are now below a very important resistance level … Continue reading
A descending triangle formed in spot gold and GLD weekly charts offers some hope to gold bulls for a potential up breakout towards new highs. What does technical analysis say about such possibility?