Market Observations

The market is a very confusing place right now and there are a lot of cross currents to decipher. I spent the afternoon perusing a lot of charts in the hopes of finding some clarity. I do this about once a week – I look at charts everyday but once a week I sit down .. read more

Weekly Chart Review

The problems last week started in the currency markets. A surge in the Yen is what set the Dow collapse in motion Thursday: Rather than look at all the markets that suffered fatal technical damage last week which includes most every market in Europe, let’s look at markets that are still above their 200 day .. read more

Weekly Chart Review

Weekly Economic and Market Review

Considering that large parts of the country were blanketed with snow for a good portion of the first quarter, the 3.2% GDP growth reported Friday doesn’t seem all that bad. Republicans and bears with a vested interest in pessimism will undoubtedly find fault with a recovery that is tepid by historical standards, but with the .. read more

Weekly Chart Review

Weekly Chart Review

Saudis Buying Gold

Gold is up today and may be breaking out of the recent range bound trading. We may be going through a deflationary period right now, but I suspect that the final result of the Fed’s balance sheet expansion will be inflation. Apparently, Middle Eastern investors agree: Our oil-rich friends in the Middle East are scared. How do .. read more