Market Analysis

Investors bought equities with both hands Tuesday, powering the major indexes to significant gains. The Dow spiked more than 300 points to finish the day well above 11,100. The S&P 500 and the Nasdaq posted gains of 3.4% and 4.3%, respectively. While these one-day gains are impressive, crucial information regarding… Read More

Below is a chart of the last few days of the S&Ps (ES).  It is a 27,000 Tick Chart.  This is just a higher time frame ver­sion of what I gen­er­ally use dur­ing the trad­ing day.  It is sim­i­lar to a 45-minute to 60-minute stan­dard chart, depend­ing on the activ­ity. … Read More

  “One look at the daily charts show that we tagged the 38.2% Fibonacci retracement zone and instantly got a reaction off of it to the downside.  What it also means is that if that happens then odds favor Wave 5 is… Read More

On Tuesday, investors’ attention again turned to Europe, and the news was not good. Not only did the leaders of France and Germany fail to reach an agreement on how to handle the economic crisis, but they left the impression that they had no new ideas. And so they “kicked… Read More

  The new concern for contrarian gold owners: After watching the yellow metal soar from $1,500 to $1,800 per ounce, we’re hearing how gold is “stretched” to the upside… and has become an increasingly popular… Read More