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Bad Medicine

Bad Medicine

DOW + 112 = 17,716SPX + 21 = 2066 NAS + 76 = 4920 10 Y + .03 = 1.75%OIL + 1.84 = 37.73 GOLD – 8.90 = 1223.30 The FOMC issued the minutes from its last meeting, where the Fed left rates unchanged and lowered its forecast for hikes this year from four to two. […]
The Australian Dollar Perspective

The Australian Dollar Perspective

Basis the cash, we can see that the Greenback has rallied sharply against the A$, but it has not elected a yearly bullish as of yet. It did exceed that level intraday,  but the fact it failed to retain those gains warns that we are not looking at new historic highs for the dollar against […]
Department Of Education Wonders “Why 40% Of Student Borrowers Don’t Make Payments”; Blame Bush (Seriously)!

Department Of Education Wonders “Why 40% Of Student Borrowers Don’t Make Payments”; Blame Bush (Seriously)!

Over 40 percent of those in student loan programs have stopped making payments. Many borrowers have never made any payments. The department of education (a useless body that I would eliminate in one second if given the chance), cannot figure out why this is happening. “We obviously have not cracked that nut but we want […]
Baby Bull Round Two – Biotech

Baby Bull Round Two – Biotech

Here we go again. Remember when I warned traders not to short the baby bull in miners and exhorted them to not lose their position because surprises would come to the upside? Needless to say, many ignored that advice and they cost themselves dearly. Now we have a second baby bull just getting started in […]
EUR/USD Forex Signal For April 7, 2016

EUR/USD Forex Signal For April 7, 2016

EUR/USD Signal Update Yesterday’s signals may have triggered a long trade following the rejection of the identified support level of 1.1337. Today’s EUR/USD Signals Risk 0.75% Trades must be taken before 5pm London time today only. Long Trade 1 Long entry following a bullish price action reversal on the H1 time frame immediately upon the next […]
Gold Ratio Charts Revisited

Gold Ratio Charts Revisited

As the consolidation phase continues to build out from this first impulse move up in the precious metals sector lets review some of the charts we’ve looked at previously that suggested the bear market might be over. Most of these charts will be ratio charts which compare different sectors to one another. These rather complex charts can […]
Crude Oil – Nothing To Be Excited About

Crude Oil – Nothing To Be Excited About

US Weekly Crude Oil Inventories post a surprise drawdown as inventories fell 4.90 million in the week ending April 1st, 2016 Summary: Crude Oil extends strong gains on a surprise inventory drawdown April 17th marks the meeting between some OPEC and non-OPEC countries in Doha to discuss freeze production talks Iran is still the main […]
Ballast Point Continues To Perform For Constellation Brands

Ballast Point Continues To Perform For Constellation Brands

Constellation Brands (STZ) shares reached an all time high after an excellent fourth quarter and raised guidance for 2017. Revenue came in at $1.54 billion, a 14.1% increase year-over-year. Constellation finished the year with $1.4 billion in operating cash flow an increase of 31%. Constellation has been on a roll recently with acquisitions, after completing its purchase […]
Roll Over Or Rally Hard?

Roll Over Or Rally Hard?

Several weekly and monthly indicators for the S&P 500 Index (SPX) are getting to levels that generally mark the top of bear market rallies. We’re sitting right at the point where the market will likely roll over or start an extremely sharp rally. First look at the weekly chart for SPX. RSI is just below […]
Gold And Silver ‘Owners Per Ounce’ Stress And Leverage

Gold And Silver ‘Owners Per Ounce’ Stress And Leverage

Interesting that gold spiked almost shockingly, and has subsided from there, but is still much higher than it has been for the past twenty years. And now silver is spiking higher. These are not indications of a hard default, as some have suggested. Rather, when taken with other data from different sources it suggests that […]