Article Category: Market Breadth

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

Restating the Case for a Rangebound Market

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Most investors, including myself, generally sit squarely within one of two camps: bullish or bearish. My research and observations over the years have left me with a rather simple premise on which to base this judgement. When the economy is expanding, remain firmly bullish, and when growth begins to slow and recession clouds gather, get bearish.


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Posted in: Dollar Earnings Economy Federal Reserve Interest Rates Market Breadth Yield Curve

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