A significant undercurrent of internal weakness is plaguing the NYSE broad market. This weakness is primarily visible in the dangerously high numbers of stocks making new 52-week lows. Lately that number has exceeded 300 on a daily basis, though it has been above 40 for the last few months in...
Although the year of release is no longer formally observed, this ancient precept is unconsciously embedded in the financial dealings of Western nations. The debt release cycle can be seen in the recurring price “corrections” of commodity prices, and...
The last 15 years have been among the most turbulent on record. Since the year 2000, America has experienced two recessions (including a near depression), two stock market crashes, numerous selling panics, two terrorist attacks, and one of the slowest economic recoveries on record. Just when...
Now that the Dow Industrials and the S&P 500 index have rallied back to the February-July resistance zones, should we expect a resumption of the selling pressure that plagued the market this summer? Or should we rather expect a period of consolidation...
Falling stock and commodity prices around the world are underscoring a change of fortunes for the global economy. As the shockwaves from Europe, China and the developing markets spreads, there is a growing sense among...
The Federal Reserve guessing game ended Thursday after the FOMC made its decision on interest rate policy. The Fed left rates unchanged in a tip of the hat to investors who felt the economy was vulnerable to...
The S&P 500 Index had its worst August since 2001, while the Dow’s 6.6 percent drop was its biggest since declining 15 percent in August 1998. Most investors consider the September-October period to be the witching months...
Sep 3 – Clif Droke gives an update on his "New Economy Index," which acts as a real-time leading indicator of the US market and economy, and says that it is not warning of a recession and retrenchment by US consumers...
What accounts for the equity bull market’s stubborn refusal to bend to the bears’ will despite a clear lack of internal strength? That’s the question investors are asking right now in what has been a grinding...
One of the most commonly held beliefs among gold investors is that the market for gold is heavily manipulated. It has become an article of faith among gold advocates that the price is subject to direct control by government...
What started out as typically sluggish summer week quickly morphed into an extremely eventful one. In just the last five days we witnessed the intensification of the Greek debt roller coaster, the bursting of a mini-bubble...
Most investors are familiar with the Year Five Phenomenon, which assumes buoyant stock prices in the fifth year of the decade. Yet few realize that there are also corollaries to this phenomenon, viz.
The theme of “bad news is good news” continues as several economic reports weighed on investor sentiment. Recent reports have been disappointing, but this has also served to bolster investors’ belief that the Fed will respond to...
A common refrain from commentators over the last year or so is that the bull market in U.S. equities is “long in the tooth.” The very use of this phrase implies a market which has reached a stage of decrepitude from which...
Until the latest pullback on Wednesday, the U.S. dollar index had been on a rip-and-tear for most of this year. Earlier this week the dollar hit a new multi-year high as concerns over Europe and China have fueled foreign interest in U.S. assets.
A fascinating study is the psychology that accompanies a prolonged sideways market trend. It also holds insights into what the future likely holds for stock prices. When equities get stuck in a sideways trend for several months...
Mar 3 – Cris Sheridan welcomes Clif Droke, Market Analyst and publisher of the Momentum Strategies Report since 1997. Clif talks about the stocks comprising his New Economy Index, its recent breakout, and why he thinks...
Since the start of February there has been a conspicuous change in investors’ perceptions of the foreseeable future. To begin with, the sudden reversal of investor fear can be seen in the chart of the iShares 20+ Year Treasury Bond ETF (TLT), a proxy for...
Wall Street breathed a sigh of relief this week after a case of the jitters the last couple of weeks. Fears over a deflationary plunge in the euro zone had sparked an increased demand for safe haven assets, including gold and silver.
After months of waiting, the European Central Bank (ECB) finally carried through with its stated promise of unlimited monetary support to its ailing economy. The ECB announced its own version of quantitative easing (QE)...
