Article Category: Federal Reserve

Resistance, Dow Theory, Gold and the Fed

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The first thing I want to mention today is that the S&P has finally cleared its overhead resistance at 2815. As you can see below, that price level turned the index back on five separate occasions. The fact that prices are holding above this mark is a good sign, as it suggests the selling pressure at this level has subsided.

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Posted in: Dow Theory Federal Reserve Inflation Market Breadth Recessions Sectors Yield Curve

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