Words from the wise

Occasionally as we thrash about the web we see articles that strike us as worth reading.  We could steal the content but we'd have to turn in our Eagle Scout…

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Gold and silver break out. SPX turned back at resistance.

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=255869372 Gold and silver (not illustrated here) have broken out and we are placing long trades in these instruments. http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p70413847164&a=214966864 Meanwhile it appears that the SPX has been turned back…

Continue Reading Gold and silver break out. SPX turned back at resistance.

Potential breakaway…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p70413847164&a=214966864 For 8 days the market has been eating the shorts' lunch -- in the most demoralizing way possible -- a tiny bite at a time.  Today the market is…

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