Monthly Archives: April 2011

Gold & Silver Update: Paring Gains Into Meltup

Since we’ve had some changes in the gold and silver markets, especially with regards to sentiment, I thought I’d update my thoughts on the two precious metals that have so many traders captivated right now. Today gold reached the round … Continue reading

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Technical Overview: Head and Shoulder Continuation Pattern

After shrugging off overbought indicators left and right and likewise ignoring extreme bullish sentiment measures the equity market finally succumbed to a top in February 2011. Since then the equity markets have entered into a congestion pattern with a short … Continue reading

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Weekend Reading: Feedback Wanted

During the weekend I usually remind readers of interesting links that I’ve found by pointing them to news.tradersnarrative.com through a “Weekend Reading” post. I’ve been sharing links there for more than two years and I wanted to know what you … Continue reading

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Sentiment Overview: Week Of April 15th, 2011

Below is this week’s comprehensive look at sentiment data for the market: Sentiment Surveys The weekly survey of US retail investors from the AAII shows little change from last week. The bullish camp declined slightly to 42.2% while the bears … Continue reading

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“Smart” Option Traders Leaning Short The Most Since 2000

For the past while I’ve been harping on the lopsided positions that are being taken by the S&P 100 index option traders. The first time that I shared a chart of the increasingly alarming OEX option trading activity was in … Continue reading

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Summation Index Hints At A Tired Market

Created by the dynamic duo of Marian and Sherman McClellan, the McClellan Summation index is a cumulative measure based on their other oscillating indicator that tracks daily stock advancers and decliners. Even though the McClellan Summation index is thrice removed … Continue reading

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The Commodity Supercycle: Is This Time Different?

While the stock market has recovered from its most recent short term stumble, commodities continue to provide richer returns. For example, silver (which my contrarian instinct forces me to ignore) rose 20% compared to the S&P 500′s rise of 6%. … Continue reading

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Potential Topping Pattern Worth Monitoring

An important divergence that has previously signaled an impending market top is worth monitoring right now. I mentioned it when writing about the technical overview of the market at the end of January. The pattern comes about when a breadth … Continue reading

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Sentiment Overview: Week of April 8th, 2011

Here’s this week’s sentiment overview: Sentiment Surveys The AAII survey of retail US investors is little changed from last week with 44% bulls and 29% bears. The bull ratio is therefore also relatively unchanged at 60% and just a tad … Continue reading

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Gold Sentiment Update: Open Horizons Await

An update on gold as it attempts to keep up with its now suddenly more popular cousin, silver. Previous commentary on the gold market was relatively positive with an outlook that expected higher prices which would be record prices as … Continue reading

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