Hello, I'm moving my data to a new computer and re-installing all programs. This will take a few days as I have many other competing priorities.
That said, the McClellan Summation index remains in an uptrend until it doesn't. The mining stocks and metals broke out last week. All are forming good bases and their 50 day moving average is close (or has already) climbed above the 200 day moving average.
I really don't know how the mining stocks & metals could rise if the broad market falls, but weirder things have happened. Early 2009 was like that.
Wednesday, June 18, 2014
Gold seems to be developing an inverse head and shoulders as well.
Medium term overbought.
My guess is still Dow hits 17K before anything changes. Gotta roll it on the media.
at 10:00 PM
Tuesday, June 17, 2014
Sunday, June 15, 2014
Gold and silver have definitely found life off their lower support line again. Could this be the beginning of the five climax years (based on previous commodity bulls lasting 17-20 years) of this bull market??
at 5:50 PM
Friday, June 13, 2014
Wednesday, June 11, 2014
I have some friends with portfolios down 30% from their high watermark. Granted they were in risky stocks, but it goes to show the growing discrepancy between the Dow and some individual stocks.
at 7:27 PM