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
Market Analysis
The big correction in gold brings us to check in on the big idea we presented last week. To recap, DailyWealth has been bullish on gold for more than eight years. We’ve published… Read More
For the euro bears out there: The euro is now “compressed”… So get ready for fireworks. One of the market‘s biggest potential blowups is the European monetary union and its currency,… Read More
While Gold received most of the headlines/attention in the last few weeks, what has been quietly happening to Silver and Platinum prices? Let’s take a look at the parabolic move in Gold and see what the companion moves have been in related precious metals Silver and Platinum. 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
We’re checking in on the price action in corn today… and we’re sticking by our warning to dictators. To recap, one of the great fears of dictators around the world is a big spike in food prices. After all,… Read More
The S&P 500 is down about 10% in past three weeks and volatility has been off the charts. How do traders make money in this extreme volatility? #-ad_banner-#If you read our last article in regard to shorting the financial sector (XLF) and going long… 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