It Was a Bad Week To Stop Sniffing Glue

S&P 500SPXA50R: % of stocks above 50 day moving average (red line)The blue vertical line shows Monday’s all time high in the index versus SPXA50RThe rotation out of the momentum stocks to defensive stocks was a non-event for the Dow:% of stocks above 200 DMANasdaq 100: Large Cap Tech and Biotech:

See the article here:  

It Was a Bad Week To Stop […]

Carl Futia: gold, sivler, and crude oil – plus a stock market update

Here are daily bar charts of three of the biggest commodities markets: gold, silver, and crude oil.I think gold and silver are in bear market which are going to take prices a lot lower. My ultimate downside target for gold is its 850 high made in January of 1980. I think silver will drop at least to $13 and given […]