Pre-market & Intra-day updates

It’s pretty quiet in the big markets this morning, but a few things to say there. Also, on a tangent, but related. When I keep mentioning how quiet things are in big markets, this is...

There will be an update later about markets with bonds (remember in early December how bonds were “crashing”) and gold at new highs, and the euro approaching major resistance. Stocks – there have been a lot...

The jobs number is out this morning, and like with all “economic statistics”, they are just noise, but people put a lot of faith in them. I keep trying to show that “news” (econ stats,...

The “employment” number is tomorrow, and gold and silver are doing their normal weakness prior to the release. That part is fine, but it’s this time frame now, as we are into June. And if gold is supposedly the...

The setup is extremely important, no matter what the time frame. And there are way more intraday setups than longer term setups, so there are many more opportunities to learn from them, even if we...

This is certainly not a bearish outlook for “stock market bubbles” and “crashes”, as for years I have vehemently disagreed with the stock market permabears. Stocks are in a huge secular uptrend. But all uptrends...

Basically the same comments about gold as per last week, at the top of the range, and a lousy entry point. Gold is backing off from the resistance, bigger picture which is a better situation than...

The energy shares continue to badly lag crude oil itself. That is an opportunity later on for a bigger picture (not daytrading perspective). There still seems to be a lot of people, in their minds,...

We can sit and talk about this and that with gold, but in the meantime it’s just stuck in  a range. The backup yesterday was helpful, a break below the bottom would have set up...