Tag Archives: MEI

SP 500 Index and SPY – Is this a Short-term Top?

Posted on November 1, 2011 by Michael Harris

The rally of last week was abruptly terminated yesterday as market participants found an excuse to sell after a US securities firm filed for bankruptcy protection.  In my last ETF Trends report I hinted to a market anomaly because in my opinion … Continue reading →

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Contrarian Signals from Two Indicators

Posted on October 27, 2011 by Michael Harris

The market rallied yesterday due to reports that European dealers have finally finished a crash course on “haircutting” and are ready to work with their first customer. The issue is who will be next. It is quite unlikely that after … Continue reading →

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GLD – Beware of Greeks Bearing Gifts

Posted on October 1, 2011 by Michael Harris

As of the close of September 30, 2011 there is a small symmetrical triangle formed in the daily chart of GLD, also known as a pennant. This chart pattern is usually a continuation formation that duplicates the move preceding it. … Continue reading →

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