Archive for October 2021
Gold Price Analysis
Stocks continued their rally last week, with many indexes making new all-time highs by the slimmest of margins. I noted last week that the ‘gaps up’ on the daily price chart are most often closed by falling prices. This is still a possibility but last week’s price action muddies up the waters from…
Read MoreA Stock Commentary
Stocks continued their rally last week, extending the rally to two consecutive weeks. The chart on this page is a daily price chart of an exchange-traded fund that has the investment objective of tracking the Standard and Poor’s 500. There are two observations that I make from analyzing this chart that make…
Read MoreIs a “Lehman Moment” Approaching?
Stocks rallied last week although, as I noted last week, technically speaking, stocks look weak. Last week, we noted that 4 stock market sectors were lagging. That was a significant development since all sectors that comprise the Standard and Poor’s 500 were positive going into October; that changed. It’s also relevant to note…
Read MoreCorruption at the Fed?
Stocks, by my analysis, weakened even more last week. The first four trading days of the week were negative followed by a nice rally on Friday. Despite the rally, technicals in the stock market are breaking down by my measure. 4 of the 11 sectors that comprise the S&P 500 turned negative over the…
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