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Monthly Breadth: Dark Clouds Or A Ray Of Hope?

MONTHLY BREADTH - MARCH 2000 Last week’s post looked at a weekly volume-based breadth indicator. With June in the history books, it is a good time to review the message from monthly breadth charts. As shown below, the monthly NYSE Advance-Decline Line peaked in 1998 and thu...

Storm Clouds on the Horizon

Sector expert Michael Ballanger discusses macroeconomic factors and his trading decisions. I have had more than a few emails asking me what I think of the current set-up for stocks, bonds, currencies and gold since everything began to re-inflate a few days a...

Gold on the Verge of a Massive Move

Gold hasn’t had much success moving higher yesterday. Its breakout above the neckline of the previously completed head-and-shoulders pattern is close to being invalidated. Will that invalidation happen prior to or shortly after the Friday’s opti...

Gold Bulls Must Love the Hong Kong Protests

It appears that the two steps forward, one step backwards approach of mainland China isn’t working as Hong Kong citizens are protesting again. The increasingly violent protests have plunged Chinese-ruled Hong Kong into its most serious crisis in decades, and th...

Zscaler Shares Trade Up 25% After Landing US DIU Secure Cloud Contract

Shares of Zscaler Inc. set a new 52-week high price after the company reported that it was selected by the U.S. DoD's Defense Innovation Unit for a secure cloud management project. Cloud-based security company Zscaler Inc. (ZS:NASDAQ) today announced that "the ...

Where Next After the Daily S&P 500 Consolidation?

With yesterday's hefty gains taken off the table, and a new profitable position that has them secured already, will the S&P 500 let me add to the tally some more still today? Given yesterday's Powell-testimony-induced wild swings and preceding strong retail sales data, it's no...

Buzz on the Bullboards: Who is shining through the market slump?

The market story this week has been less impressive on both sides of the border than what we saw in the week where February turned to March. Recent losses and flatline trading have negated Wall Street’s previous record-setting run where major U.S. indices ...

Oil May Be Setup For A Move Back $50

US Gasoline prices have shot up 15% to 30% or more over the past 4 weeks as the Summer Blend hits the markets and consumers continue to stay shocked at the increase. In California, prices shot up from near $3 per gallon to over $4 a gallon over a 7-day span. Every year, when t...

Buzz on the Bullboards: Hot stocks from copper to Bombardier and AI

These leap-days are a rare treat. Not only is it an extra day to hold off on rent/mortgage payments, but an extra day to take stock of February’s wild ride. Last week, we saw the TSX hit a 22-month high while major U.S. indices also had their best pe...

Why I Am Turning Cautious About Yesterday's Stock Upswing

When it comes to closing prices, stocks entered the month of June on a strong note, but the daily volume wasn't exactly convincing. While many signs though continue to be arrayed behind the slow grind higher, first swallows of short-term non-confirmation are appearing. Which w...
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