Surge, drift, flush…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p01433014824&a=207879904 We are in a bit of tight spot from the point of view of trendlines here.  In effect there is no good anchor point in September, leaving us to…

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Stops. What it’s all about.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=2&mn=0&dy=0&id=p29426735132&a=205639989 In general we evaluate the market through the lense of the Dow.  And in general this is effective.  Occasionally there is a divergence between the three major indices (Dow,…

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Rare earth — rare birds. REE.

http://stockcharts.com/h-sc/ui?s=REE&p=D&yr=1&mn=0&dy=0&id=p58552130685&a=209299648 Financial writers can be snarky at times and the current Marketwatch has a semi snarky column on Jim Dines and rare earths.  Dines is indeed a rare bird in…

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Money talks. Especially when it’s the euro. It’s talking now…

http://stockcharts.com/h-sc/ui?s=FXE&p=D&yr=0&mn=6&dy=0&id=p88765093810&a=203282122 In case you missed our earlier letter about the euro, here it is re-emphasized in spades.  Broken fan lines, gaps, power bars and eye catching volume.  And it just…

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