Charting Stocks

Last week we mentioned that the spring rally had reached completion.The major averages were coming up against major resistance at a time when an oversold rally was losing momentum. Admittedly, our call was a couple of days early but today looks like a key reversal day. If the selling continues into tomorrows close, last week [...]

Gold futures jumped as high as $998.50 an ounce.  as investors spooked by the sell-off in U.S. stock futures and international stock markets sought safety in the precious metal. The April delivery contract rallied to an intraday high of $998.50 an ounce, which is just a few dollars below the psychological resistance point  of $1,000 [...]

Seasonably speaking, December is one of the best months to own stocks. For the past 20 or so years the average monthly return in the month of December has exceeded 3%. Considering how quick and intense this collapse has been, one must anticipate a counter-trend upward correction. Bear markets are notorious for these but you [...]