Saturday, June 12, 2010

Investor Sentiment: Lack Of Conviction?

Investors remain bearish, and buying into last week's weakness continues to be the right play -- so far. However, a positive outcome is far from certain especially since there is an apparent lack of conviction amongst the "smart money". Nonetheless, this is our "fat pitch" especially since we have defined our downside risk and where a failed signal might occur. Despite these concerns this is a dynamic market environment with the potential for big gains.

Friday, June 11, 2010

Morning News Notes: 6/11/2010

The "Morning News Notes" as prepared by TL...Euro and US Equities, labor and wage pressures in China, Chinese exports, Gulf oil spill, financial regulatory reform, corporate America building up cash reserves, and world economy.

Thursday, June 10, 2010

What Would Make Me Throw In The Towel?

A dynamic market environment with the potential for big gains is only half of the story. Getting into the market and protecting your capital if you are wrong is the rest of the story.

Morning News Notes: 6/10/2010

The "Morning News Notes" as prepared by TL...initial jobless claims, Gallup Poll: upper income consumer spending, Fed Beige Book, Chinese exports, GS and BP.

Silver: Likely Market Top

Figure 1 is a weekly chart of the i-Shares Silver Trust (symbol: SLV).

Wednesday, June 9, 2010

Some Technical Signposts To Help Navigate An Increasingly Hostile Market (part 2)

In this article, I will utilize some daily charts to pinpoint buy and sell points on the ETF's that represent the major indices. These pivot points can be used as road signs to help navigate this hostile market environment.

Tuesday, June 8, 2010

Some Technical Signposts To Help Navigate An Increasingly Hostile Market (part 1)

In this article, I will take a look at some of the key price levels on the major indices to help determine our future course of action.