Bubba’s Take »
An Oldtimer on Technical Analysis
Linda Brady Traynham stakes out her position as resident eccentric, alternatives analyst, and at least semi-permanent Bear on the Mesh Report
Read More »S&P Daily
The rejection from the strong down trend line at the 1085 zone has again found support above the 1060 area (1058.60-61.8%) thus retaining this wide congestion zone. We still think a close above that
Read More »Intraday analysis – Proceed with caution
The markets opened up with a nice pop today right out of the gate. The Dow was up 36 points at it’s high, the S&P 5 points and the Nasdaq was up as much
Read More »Controlling the Price of an Investment
Linda Brady Traynham discusses principles of technical analysis in everyday turns and makes what she considers a pretty obvious prediction on where silver is going next
Read More »S&P Commentary for Wednesday
Yesterdays strong rally registered an outside day that penetrated the daily/weekly down trendline at 1085. The key now is to close decisively above that area to suggest that at least a near term low
Read More »Homebuilder sentiment sinks, again
The National Association of Home Builder’s (NAHB) monthly reading of builders’ sentiment about the housing market, which was released on Monday, sank to 14 – which is the lowest level since March 2009. Readings
Read More »USDCHF – July 19th, 2010
Major down trend remains in effect but expect some congestion from 1.0400 to 1.0600 near term. A close below 1.0400 could open the way to the 1.1028 low of January 10th. The ability to
Read More »NZDUSD commentary – Going from short to long with a tight stop
NZD/USD is testing important support in the 0.7150/25 area. We want to cover short from 0.7280 and go long at 0.7150. A close above the 0 .7330 high remains key to offering 0.7445, the
Read More »Goldman Sachs Group settles suit with SEC
After the closing bell today the Securities and Exchange Commission (SEC) said that it had reached a $550 million settlement with Goldman Sachs Group, Inc that will resolve its lawsuit against the firm. The
Read More »USD/JPY commentary for July 15th
The failure to close above the 89.50 area will continue to pressure the 88.00 support area. A more difficult but close above 89.50 would argue for a much firmer tone into the 90/92
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