Monthly Archives: December 2011

ETF Returns for 2011 and the Five Lessons I Learned

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

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Inside Days Signal Indecision But Short-Term Bias is Up

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

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Spot Silver in Oversold Territory While Prices Are Testing Important Support

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

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SPY and SPX Price Action – No Resolution Yet About Future Market Direction

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

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Gold Long-Term Fibonacci Retracement Levels

Gold is currently testing the horizontal trendline support of an important descending triangle formation as already described in another post. If this triangle fails as a continuation pattern and gold prices continue to slide, this may signal the end of … Continue reading

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