by John Galt April 4, 2012 23:00 ET The United States Equity Markets declined today. Now that Mr. Obvious has spoken… Gang, I’ll be the first to admit that technical analysis of THESE markets is an insane, stupid, waste of time. When the Federal Reserve is buying, logic, fundamentals, and technical analysis goes out the window. With that being established, Mr. Bernanke said the following in the FOMC minutes released this week: Now that the fun and games are over with, let’s address some…
By John Galt July 31, 2011 If we are all going to die due to going bankrupt, we might as well consume as much of the earth’s resources and beef on the way down to oblivion as it appears the administration and our morons in the House and Senate are still wrangling before the Asian and U.S. futures markets open. Gee, wonder how that will work out since the House is now in recess until Monday. Meanwhile back in the markets…. (Chart snap shots from…
By John Galt July 24, 2011 So the question becomes will it matter to the markets or won’t it? The early Forex read on the rumors about a Democrat Party proposal is “ugh, not again” and selling the dollar is all the rage. Stay tuned to this thread for charts, news, and updates. BREAKING 1750 ET PER CNN: Boehner to hold conference calls with Republicans at the same time Pelosi and Reid meet with Obama. No further details. UPDATE 1825 ET: Well, the futures markets…
By John Galt June 26, 2011 One of the most powerful technical signals in stock market trading is the “Death Cross” and its opposite, the “Golden Cross.” From Investopedia: What Does Death Cross Mean? A crossover resulting from a security’s long-term moving average breaking above its short-term moving average or support level. Additionally: Investopedia explains Death Cross As long-term indicators carry more weight, this trend indicates a bear market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average…
Recent Comments