Nasdaq still looks overbought
Markets can overshoot the technical’s for a while. Last week I observed that a few of the technical indicators such as stochastics, RSI and Bollinger bands suggested the NAZ were getting a little overbought. The less significant resistance level (dashed line on the chart below) was easily overcome last week. This pushed the momentum indicators [...] read more
Generation Yikes!
The National Post printed an article on January 11th entitled “Generation Yikes”. In it, they quoted a survey by MFS Investment Management. The survey showed that 29% of investors will never be comfortable invested in stocks. More importantly, some 52% of investors under the age of 31 have no interest in buying equities. This high [...] read more
“Flat” is the new “up”
“Sometimes the best investments are the ones you don’t make.” – Donald Trump Stock markets had a pretty rocky year in 2011. Trading patterns on the markets were actually fairly manageable for most of the year, but the latter months of 2011 brought on a level of volatility that most traders found difficult to profit [...] read more
Following up on gold and oil
Gold Outlook A substantial shift in the technical profile of gold occurred recently. The two-year trend that I have noted on a few occasions for the metal broke in mid-December. The 200 day MA was broken. As me mentioned on this blog, I sold my gold at $1800/oz. Back when I sold it, I felt [...] read more
The EU debt solution
Homer Simpson of “The Simpsons” TV show: “Beer. Now there’s a temporary solution!” Perhaps I should have waited until Monday to write this blog. Today, the world awaits to hear the “solution” for the EU debt crises from its leaders. Depending on the outcome of this meeting, markets will either sink like a stone out [...] read more