Bubba’s Take »
Is politics getting in the way of job growth?
Every week on this website I write about the need for job growth in America. If we want to get out of this recession we need our economy to grow. To make our economy
Read More »S&P Daily – September contract
The early day price action continues the sideways trade after making the 1124/28 target area. A close above that strong resistance is key to challenging the 1129.50 high. Resistance resides at the 1122/23 over
Read More »S&P Daily – September contract
The early day price action suggests some sideways trade is developing in front of the 1129.50 high. Support resistance resides at the 1122.25 high through to the 1129.50 high on the weekly/daily chart. Support
Read More »S&P Daily – September contract
The ability to hold at the important support at the 1090/85 old resistance/weekly down trendline suggests more upside will develop after the strong close just above 1100. Overall we want to see the bulls
Read More »S&P Daily – September contract
The rejection from below the 1120 weekly resistance area continues this correction into important support at the 1090/85 old resistance/weekly down trendline. This area consists of the 13 day moving average at 1089.22 on
Read More »How to Buy Silver
I’ve been out of the silver market for a year, now, partially because I had picked up what I think appropriate (or, all I could afford to put into it!) and the movement has been a
Read More »S&P Daily – September contract
The much stronger then expected up move has overtaken weekly resistance at the 1110+ area and pushed into the 1116 zone in this early Tuesday trade. This zone represents the 50% retracement of the
Read More »S&P Daily – September contract
Another strong day registered another new high close for this S&P in its recovery upmove. Holding above the 1085 resistance/weekly down trendline will now be key if further gains are to develop this week.
Read More »Stress tests not so stressful
Friday the Committee of European Banking Supervisors said that 7 of the 91 European Union banks subject to stress tests failed, but with only a combined capital shortfall of 3.5 billion euros ($4.5 billion).
Read More »S&P Daily – September contract
Another strong up move finally allowed for a close above the 1085 resistance/weekly down trendline. Further strength today would add to the scenario that a low was forming to move into the next weekly
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