Today wasn’t quite enough to put the nail in the bulls’ coffin, but it isn’t getting any prettier. My SPX index is clinging to a bullish signal by a few points. The NAMO is signaling a downtrend, but we remain in bullish territory. Banks look ready to break down and test their lows. MLP’s continue…
Some markets are stronger than others. Here are 4 potential leaders. The international markets are performing better than domestic ones. The insurance sector has acted surprisingly resilient, Berkshire Hathaway anyone? Spend your grandchild’s future now, just don’t take away my drugs. Silver is looking sexy as it breaks above recent resistance. I’m buying the dip,…
Some indexes are beginning to show real signs of life. Brazil’s Bovespa has broken a downtrend and Bollinger Band, so I’m looking to buy on dips. Gold miners have been putting in an uptrend longer than any index I cover. With so much political uncertainty, I can’t say I’m surprised. Nevertheless, stay cautious if you’re…
A few ratios and some interesting developments. US Equity / US Bonds have reached a prior level of support. Watch for resistance. Another day of advancing volume significantly outweighing declining volume. The US Dollar looks ready to break its recent and sharp uptrend, implying slowing momentum. Silver is putting in a nice base, and is…