It’s mid-week and time for an update on key market internals as half the week is behind us.
Are market internals confirming the recent push higher? Let’s take a look.
First, the S&P 500:
The quick answer is “No, not really,” as seen above in the Breadth, TICK Extremes, and VOLD.
All three have been tailing lower since their [...]
I’ve been commenting both on the open blog and to members of the Weekly Intermarket Report of the “heavy” chart appearance in gold, as evidenced by the negative divergences and ’rounded reversal’ structure, and now we are seeing the aftermath of these bearish chart developments.
Let’s take a look at the current daily and weekly structure [...]
America, the Odd Man Out By: John Browne Senior Market Strategist, Euro Pacific Capital, Inc. o At long last, a good portion of mainstream economists now concede that a ‘double dip’ recession is in the cards for the United States. To head off the pain, sixteen top economists addressed an open letter to the President [...]
Wall Street is going crazy for MLPs these days! The safe, stable, dividend yield of a master limited partnership (MLP) is all the rage right now with investors. Which is precisely the reason you might want to steer clear of this sector for …
Should you take advantage of the current pullback to increase your gold holdings? Our precious metals guru Jeff Clark believe so. Read on as Jeff puts together some historical price action data…—Is Now a Good Time to Buy Gold?By Jeff Cl…
Wall Street is going crazy for MLPs these days! The safe, stable, dividend yield of a master limited partnership (MLP) is all the rage right now with investors. Which is precisely the reason you might want to steer clear of this sector for a bit.
Tom Dyson elaborates in his Daily Wealth column:
Whenever you see Wall [...]
Think your state has the most screwed up budget in the Union? Use this interactive chart to find out where your state’s budget shortfall really stacks up!
Source: Wall Street Journal
Related reading:
Governator puts 200,000 CA state employees…
Despite the Fed’s money printing (errr, quantitative easing) efforts, inflation is not in the cards yet, according to the M1 Money Multiplier. MULT, as it’s affectionately called, still sits below the magic 1.0 level – and as long as it flounders there, we are unlikely to see inflation, no matter what the Fed does. Because, [...]
Today’s tickers: VTR, BIDU, WAT, DHI, LCC, ODP, GAP & ISLN
VTR – Ventas, Inc. – Shares of the REIT with a portfolio of seniors housing and healthcare properties in the U.S. and Canada rallied as much as 2.04% this afternoon to reach an …
If you haven’t been watching it closely, you may have missed the recent strong breakout in the share price of Ford Motor Company (F).
Not only does the daily chart reveal a strong breakout, but the weekly chart shows a steady structure of higher prices in a comfortable uptrend that’s worth a glance.
Let’s take a look [...]
