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Greeks Vote Again – Why Bother?

I am here in Athens for the elections this weekend. I must state, at this point in the game it appears to be Greek theater with Brussels pulling the strings and the...

Brazil’s Credit Rating Cut to Junk Bond Status

S&P cut Brazil’s rating to BB-plus, the highest junk rating, from BBB-minus. The Sovereign Debt Crisis is unfolding right on...

Gold Update Being Emailed Next Week

We will be sending out the gold update to the 2014 Precious Metals Report next week. The update will be exclusively for those who have purchased the 2014 Precious...

The Dow

The failure of the Dow to close above 17007 confirms that we are not yet ready to take off to the upside. We needed a closing ABOVE 17007 to firm up the market to...

The DOW for the Close of August

The DOW recovered for the close of August, holding key support and last year’s low. Make no mistake about it, we now need to hold last week’s low in...

The Close of August

So far, the markets are generally positioning themselves for a turn at the end of September. The Dow has traded sideways since Thursday, trying to cling to the...

Dow for the Close

The Rule of Reactions is always one to three. For a trend to develop, it must exceed the three unit of time limitation. So we need the market to move higher beyond...

Dow on the Close

The closing of the Dow at 15666.44 was below support at 15824.73. Additional support lies at 15176.26 and a closing beneath that level will warn of a break down to...

Forecasting Against the Wind

  The leading story for the sell-off has been Wall Street’s shock by the mounting worries over instability in China and emerging markets. The tumultuous...

Dow Daily Bearish Reversal 15300.30

  The 16258.10 is a BULLISH REVERSAL, not  BEARISH. The underlying Daily Bearish are 15340.00 and 15300.30, followed by 15095.00. Technical closing support...