Comments for November 23, 2010 Looking ahead to Tuesday by reflecting on Monday’s trading action Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors. Silver remains in a strong Uptrend. Meanwhile, is Platinum’s bull run ending? METALS: 11/23/10 Higher closes… [Read More]
How can we get things back on track and restore confidence in the market? According to Gary Kaltbaum, it will require some sacrifice, among other things. See his commentary for more.
The market experienced a follow through day last week putting the market back into a confirmed rally, says Gary Kaltbaum. Read more of his market outlook, plus a few words of caution for traders to follow.
The major indexes all made new rally highs last week with consumer discretionary, energy, utilities and industrials the major leaders. What’s in store for the market this week, particular the SPX? Read the balance of Kevin Haggerty’s commentary.
The Fed was quick to try and jaw bone the rising interest rate fear as it gave us another one of the “keep rates low for an extended period of time” statements. And what of the sovereign debt crisis in Europe? Will the U.S. be next? See Kevin Haggerty’s commentary.
Metals are all still in uptrends. Yen is in a small bull pennant as the short term uptrend continues. Read more in Rick Alexander’s Tuesday commentary.
Canadian dollar, despite last week’s big sell-off, looks to be in an area of strong support. See the balance of Rick Alexander’s morning comments for more on the currency market.
Bonds and notes continue to look lower overall with the former in a small small bear pennant. See the balance of Rick Alexander’s morning comments for what to expect with today’s financials.
See why Rick Alexander holds buy signals for copper and sell signals for gold.