The market continues to whipsaw traders out of positions as volatility rises. I have put together a few charts to show you where each of our commodities are trading along with the SPX (SP500 index). My Gold Stock Breakout Model – Monthly Chart I use this chart to keep my big picture trades on the right side of gold. I found that gold stocks tend to...

Courtesy of Phil’s Stock World The number of unemployed people per job opening has climbed to 6: Six is a lot, as you can see from the above chart.  6 means that if you get a job, 5 people absolutely will NOT be able to get a job because you just took the last one.  Notice Job Openings are still falling and people without jobs are still rising...

Crude oil was lower overnight as it extends last week’s decline. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near term. If November extends this decline, July’s low crossing at 61.38 is the next downside target. Closes above the 20 day moving average crossing at 69.89 are needed to confirm that...

As Bloomberg reports, economists are now nearly unanimous that the “recession” is over. But I believe they are mistaken in calling it a recession. Since 2000, we have not had two recessions but a slowly developing depression, with rallies. The trend toward depression began in 2000, and it will not bottom for another five to eight years. The economy...

Courtesy of AC Investor ( click to enlarge ) CRIS has been in the process of consolidating here for an another big up move. The stock has weathered the recent pullback without too much chart damage. It is actually pretty close to all time highs. The outlook remains bullish and the stock appears on course to move to new highs. Long positions may be...

Courtesy of Washington’s Blog As everyone knows, the big banks have gotten bigger and bigger. Noted economist Mark Zandi says we have an oligopoly of banks, and that “the oligopoly has tightened”. The TARP Inspector – Neil Barofsky – told Huffington Post yesterday that, because of the consolidation in the banking industry...

U.S. consumers have finally stopped borrowing more money each quarter.  In fact, they’re actually starting to reduce their debts. If this process continues–if consumers get their debts down to reasonable levels–it will eventually make the country’s primary economic engine, shoppers, stronger and more sustainable. Meanwhile,...

Courtesy of Vincent Fernando of Business Insider We’ve all heard the arguments for a China bubble in some shape or form, and may hold different views for or against. Regardless, it is constructive when someone brings together all major arguments for one side in one piece. Here, courtesy of Pivot Capitol Managment, is the full case for a major...

Courtesy of Lawrence Delevingne at Clusterstock Relax TARP execs, the mobs aren’t coming for you. Reuters: President Barack Obama’s “pay czar” said on Friday he will not cap compensation for the top employees at bailed-out companies, and will not reveal names, when he releases the first wave of decisions within a few weeks. “We...

Courtesy of Zero Hedge Bank of America, suddenly left out in the cold, without the gentle hand of the SEC to part an angry sea of taxpayers, has filed its first response to the SEC since it found itself at odds with the regulator, courtesy of Judge Rakoff. Well, a response is a loose definition for 8 pages filled with “No responses.” Amusingly,...

The NASDAQ 100 closed lower on Friday as it extended Thursday’s decline below the 10-day moving average. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI have turned bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1674.80 are needed...

By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report If we’re right about where the price of gold is headed, the general public will someday clamor to buy all things gold. While gold stocks will be where the real leverage is, the rush will start with gold itself. As a gold editor, I have a very natural question: is there enough to go...

If you have multiple debts, a debt consolidation loan can make managing your debt a much simpler task. However, as with any loan, your ability to get a debt consolidation loan will depend largely on your credit rating, as will the interest rate you are offered. How can a debt consolidation loan help me? A debt consolidation loan is a loan aimed at paying...

Citi’s latest sentiment reading, via their commercially-named Panic/Euphoria model, shows that sentiment has snapped back, dipping slightly into the “Panic” zone. Obviously this is just a model, and a somewhat opaque one at that. Yet it can still be used as a gauge against its own history. Clearly the sentiment metrics involved are...

Zero Hedge The dollar pain continues as the dollar drops below the 90 Yen support level. Surprisingly despite the dollar weakness, there is no capital flow into domestic risky assets (10 Years are well bid). In fact, the bid in HY, the latest risk casualty of bubble psychology, is weakening. Is the carry trade now financing safer/foreign assets? If...