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State of the Market – 9 November 2014

09 November 2014

Short term is declining back to neutral. Long term is slightly positive.  Heavily lagging recent highs despite the Dow being at new highs.   Medium term is slightly overbought and is once again lagging values achieved the last four years. The McClellan Summation index continues to trend upwards so staying long until that reverses may…

State of the Market – 12 October 2014

12 October 2014

ong trMedium term remains oversold and headed back to lows. Long term is nearing neutral territory for the first time since early 2012. Short term has sold off hard, but remains off lows.  It remains oversold. McClellan Summation index remains in a downtrend.    

State of the Market – 7 October 2014

07 October 2014

Long term remains overbought. Medium term is oversold.  We need to see this indicator build on itself (a higher low than a recent low) before we commit to getting long. Short term is slightly off oversold levels.   Percent of stocks above 200 day moving average near three year lows.  The only time it was below…

State of the Market – 30 September 2014

30 September 2014

Long term remains very overbought. Medium term is slightly oversold.  The fact that it’s lower than its previous low should be considered negative.Short term is slightly bouncing from oversold levels. McClellan Summation Index is showing persistent weakness. Cumulative Four Week New High – New Lows has also been declining and surpassed its recent low while…

State of the Market – 21 September 2014

21 September 2014

Long term is off highs and appears to be heading down.  However, it is still overbought. Medium term is slightly oversold, and it appears that its rate of descent is slowing.Short term is back near neutral territory.  If this rolls back over, expect hard selling. Silver continues to sell off.  Regrettably, the weekly RSI indicator…

Why You Shouldn’t Save Money

19 August 2014

Five years seems like forever to me.  All the things I could have done.  All the places I could have seen.   The psychological drawbacks of investing for the long term have begun to take hold.  The plan was the buy gold and silver and watch them explode in a glorious implosion of fiat currencies around…