The bull market continues to rage ahead in the OTC market, but is by no means broad-based. This market has become extremely narrow and the leaders are few. Most stocks remained mired at lower levels, but for short-term trading purposes we...
U.S. markets continued soaring into the stratosphere last week as the "melt-up" continued to exert its influence on key stock market sectors, particularly the OTC stocks. As we pointed out last week, the famous trader Jesse Livermore once...
Underneath the surface of a bubbling and vibrant U.S. stock market is a banking industry scandal waiting to erupt. And while there can be no denying the bullish tenor and strong technical picture of most sectors of the equities market, a...
The Dow Jones Co. shocked the financial world last week when it announced it was de-listing four of the 30 components that make up the famous Dow Jones Industrial Average. In place of these four "old economy" stocks, four "New Economy"...
We wrote in last week's commentary that a bottom may have been in place and that accumulation appeared to be broad-based. Our reading of the tape was such that almost all indications pointed to a recovery from this summer's bear market,...
We turned temporarily bearish in last week's newsletter, but it is beginning to appear as though our bearishness was unjustified. The past week in stocks was an extremely volatile one-probably the most volatile week since last October....
Every now and then a market comes along which presents so few clues as to its preferred trend that it becomes almost impossible interpret until a decisive breakout occurs. The present market is just such an example.
The outlook for precious metals and precious metals stocks remains mixed, and bearish overtones continue to hang over the market to be sure. But based on our reading of the tape there is light at the end of the tunnel.
The broad U.S. equities market continues to display serious technical weakness on a short-term and intermediate-term basis, but the bulls of Wall Street continue to fight to keep the bull market intact. As the bulls are the predominant...
The broad U.S. equities market, as measured by the Dow Jones Industrials and NASDAQ Composite, flashed a bearish signal late last week and will likely experience weakness over the next several days.