SPX Creating an Incredibly Bearish Wick at Important Resistance

If today’s losses hold through tomorrow (a BIG if), the SPX weekly chart will look like it does below (or worse). In that chart you can see the SPX has put up an incredibly bearish looking wick at important resistance…....

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Did April Witness Another Failure at the SPX’s Most Important Technical Line in the Sand Dating Back to the 80s?

I find technicals so inherently valuable because they offer such clear parameters for identifying where something has changed (or not).  They offer great lines in the sand in terms of facilitating improved exeuction – long here / short here. So,…...

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Yen Finally a Short Candidate? Nikkei Finally Going to Outperform?

The Yen sits at multi-decade highs against the USD.  The ratio of the DJ Global Index vs. the Nikkei the same (i.e., the former has outperformed the latter for quite some time). Interestingly though, the Yen recently broke below trend-line…...

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Silver, Like Gold, Appears Technically Broken; Potential for Near-Term Downside Rising

A few weeks ago we highlighted our belief that gold appeared to be broken, purely from a technical and price-action perspective. Turning our attention to silver, we believe the same is true. A look at the first chart below depicts…...

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