Mar 27, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

Gold Could Resume A Bull Market Within The Next 24 Months

Posted: 27 Mar 2010 03:40 AM PDT

One of the tools I use in forecasting is the Elliott Wave theory - this, coupled with indicators in sentiment and momentum, along with measuring the disconnect between fundamentals and reality, allow me to get a clearer picture of where the market is today and where it is most probably headed tomorrow.

The two highest probability wave counts for the HUI Index both indicate at least a near term decline in the price of gold stocks, both also indicate that gold should begin the largest bulk of … [visit site to read more]


Muni Payoffs Or, Once Again, Wall Street Screws Main Street

Posted: 27 Mar 2010 01:01 AM PDT

If you think there was fraud involved in the underwriting of mortgages, then you ain’t seen nothing yet. If there is one sector of Wall Street that has notoriously been connected with fraudulent activities it is the municipal bond sector. Why is that?

Very simply, when you have individuals who are earning municipal salaries (high 5-figures to low 6-figures) awarding bond deals which generates millions in fees for Wall Street underwriters, then it is not hard to understand that those … [visit site to read more]

A Comparison Of Recent “Unprecedented” Rallies In The Dow Jones

Posted: 26 Mar 2010 10:01 PM PDT

You may have been hearing commentaries about the “unprecedented” rally we’re experiencing that doesn’t seem to want to peak any time soon.

I thought it would be a good idea to look back on recent rallies from 1995 forward - using the Dow Jones as a proxy - and compare prior “non-stop” market rallies to the current rally phase off the March 2009 low.

While not earth-shattering, the charts did turn up some interesting observations.  Let’s see them.

First, let’s start with three … [visit site to read more]

Video: The Week Ahead

Posted: 26 Mar 2010 09:00 PM PDT

The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]

Forex Trading: USD/CHF Turns Bearish At Key Trendline

Posted: 26 Mar 2010 08:12 PM PDT

Price action on USD/CHF, a daily chart of which is shown, has turned down significantly once again right near a long-term downtrend resistance line extending from the 2008-2010 price high hit in November 2008. This long-term trendline has been respected on several occasions since its inception. The current bearish turn occurs after significant bullish price action earlier in the week, stemming from the bounce up off 1.0500 last week, brought price up to approach the trendline closely. USD/CHF … [visit site to read more]
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