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Getting into a nice flow talking stocks Friday afternoon with JC Parets. Its a great little wrap. This week we chewed on: 1. The big $SPX 1538 level 2. Weak Commodities $KOL, $XME et al… 3. Treasuries Take a look:
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Its so very nice when all your indicators line up perfectly. It would be splendid if the market was showing signs of topping while sentiment was super bullish. Many times, though, we face discrepancies and the markets are not so obliging. Here’s @wisedom’s chart from this morning that nicely shows, technically, where we are if…
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Let there be Boston Marathons everywhere! Half of my stream, it seems, wants to run the Boston Marathon next year in a show of support after yesterday’s horrible attack. I love the sentiment and want to do it too. Logistically though, if even 5% of the people who are now saying that they’d like…
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I had a quick conversation yesterday evening with Kitco’s global director of trading, Peter Hug. Peter has been researching and trading the metals since before you were born and he knows the space from every angle. We covered much ground here including: 1. Tracing the catalyst for the selling in gold to Cyprus and…
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As you are all likely aware, gold is getting crushed, now down 125usd though off last night’s lows in the futures markets. There have been hundreds of charts relating to the metal posted to The StockTwits Charts Stream in the last 24 hours and many of them are excellent. I am posting a small…
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Thrilled to do the Google Hangouts Session with Kimble Charting Solutions’ Chris Kimble. For those of you who don’t know him, Chris is a master technician who weaves themes, from the global macro to the historical, through his work in an engaging, provocative and humorous way. We talked the stages of a bull, the…
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The latest AAII Sentiment Survey again indicates extraordinary reactivity to price. Last week, the major equity indices pulled back a bit with the S&P 500 losing 1.3% (intraday high to low), the $DJIA a little over .5%, the Nasdaq 2% & the Russell 2000 a little more than 3%. In response to this shallow…
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Today’s Bitcoin crash was captured exquisitely on the StockTwits Charts Stream. First, @pinkhasov posts a screenshot of the spark that may have set off the crash, a denial of service attack on major bitcoin exchange sites: Next, @jaquatech captures the majority of the damage with 4 hour candles: Love this 24 hour view…