By Marin Katusa, Senior Editor, Casey’s Energy Opportunities As the U.S. strategic petroleum reserve (SPR) approaches capacity (721.5 million barrels filled out of a total possible 727 million, and will be filled by January 2010), the federal government will fade out of the oil-buying business. Some bearish traders believe that this factor can weigh...

Zero Hedge says: You didn’t expect a spike in volume on the puke, did you. Keep an eye on the real action, better known as AH. And here is what the real Oracle has to say: “If you wanted a statement that would suggest that the market should go higher, you just got it.” Unsubscribe please.

Today more and more investors are warming to the fact that psychology moves markets and therefore fundamental analysis, which fails to properly measure mass investor psychology, must be flawed. Who can blame them? After all, fundamental analysis — based on past company earnings, rating agency projections and the like...

Justice Litle, Editorial Director, Taipan Publishing Group Are the markets discounting a V-shaped recovery? Or does the evidence suggest this is still a bear market rally akin to those of the 1930s and 1970s? Ah, V-shaped recovery, how we doubt thee. Let us count the ways… But first, let’s note something about how to make money in markets....

Obama got criticized for doing five Sunday interviews this weekend, before going on Letterman on Monday. It’s Obama overkill, many argued. And now traders are pissed at him too. “I’m so tired of Obama speaking during maket hours every damn day” one trader frustratedly told us, while watching Obama at the UN. He claimed that...

When the government supports the debt of financial firms, it actually makes the jobs of its executives much harder if not impossible. Whether the guarantee is explicit or implicit because the bank is Too Big To Fail, the market reacts to the government backstop in ways that make risk management pretty much impossible. This dynamic isn’t widely...

Courtesy of Edward Harrison at Credit Writedowns How about all three. Faber released another provocative newsletter this month that has a little grist for investor of all stripes. Boom. His short-term outlook is bullish because he believes money-printing will underpin the market even after the 60% increase in the S&P 500 from March 2009 lows. This...

Courtesy of Karl Denninger at The Market Ticker Let me pose a question to you. Let’s say you own a $200,000 house free and clear. Let’s further say that you would like fire insurance.  Just in case you are a klutz in the kitchen, for example. So you sit down and write yourself a fire insurance policy.  You promise to pay yourself $200,000 to...

Courtesy of AC Investors The casino stocks might prove to be a good bet in the coming weeks. They are lot of good news coming to the market that put some fuel in investors mind to bet in some remarkable names, such as Wynn Resorts Ltd , Melco Crown Entertainment Ltd. and Las Vegas Sands. According to Bloomberg, Macau will limit the commissions paid...

VIDEO: What Elliott Wave Software Should I Use? “What Elliott wave software do you recommend?” is one of the most frequent questions our readers send us. Watch the editor of Elliott Wave International’s Currency Specialty Service Jim Martens answer this question in this free 6-minute classic video using charts of the U.S. Dollar...

The NASDAQ 100 closed higher on Tuesday as it extends this month’s rally. Profit taking tempered early session gains and the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends...

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With the printing presses in full printing mode, many people are questioning why gold prices haven’t gone higher – much higher. In Adam Hewison’s new video, He explains some of the subtle market cycles that are at play right now in this market. These short-term cycles have been the dominant force in gold all year and appear to be still...

Courtesy of Phil’s Stock World What a morning already! The futures were drifiting along until 3 am and the Shanghai Composite had closed down 2.3% at 2,897.  At 3:23 the Hang Seng was looking to close down as well but then Gordon Brown, the UK Prime Minister, on his way to the G20 meeting in Pittsburgh this week said: The stimulus that we...

AC Investor ( click to enlarge ) Is the stock forming a bull flag? C has decline since its high of 5.42 on 28/8. It has found a channel down possibly forming a bull flag with lower highs and higher lows. Declining volume indicates an absence of concerted selling pressure. The price can head towards the 4.52-4.55 zone. If this zone is surpassed, getting...