David Banister- www.MarketTrendForecast.com The Elliott Wave patterns that I use to forecast movements ahead of time in the SP 500 and Gold for my subscribers have been textbook perfect for quite some time.  We can go back to the March 2009 lows and clearly identify 5 waves up to the 13 month initial rally high in April of this year.  This was...

February gold futures closed up $7.10 an ounce at $1,413.30 today. Prices closed near mid-range today, hit a fresh four-week high and are within easy striking distance of the all-time high scored last month. Gold traders ignored a stronger U.S. dollar index today and instead focused on gold-market-bullish comments made by Fed Chairman Bernanke on CBS’s...

HCPG Blog has some very interesting thoughts on the market and specific trades. We like focusing on a small number of stocks in a few sectors. We have basically been trading the same stocks for over a decade — this means that we know the sectors and stocks very well. This helps us trade them well on support and resistance. Let’s look at...

Courtesy of TraderMark Hat Tip Phil’s Stock World PIMCO’s Bill Gross’ monthly letter for December is out and it speaks to a lot of themes FMMF has been touching on for years – a very nice read for those of you not familiar with his work.  I also embedded a video of an appearance of his yesterday on CNBC. Full letter below – hit fullscreen...

From the CBS 60 Minutes interview: Fed Chairman Bernanke On The Economy CBS: In the panic of 2008, the Fed put up $3.3 trillion. And just this past week, the Fed revealed who got emergency help. … it was a historic transfusion of cash in a global system that was bleeding to death. We asked Bernanke what would have happened if the Fed hadn’t...

From Tyler Durden Something big is afoot: Bloomberg has just announced that The Justice Department today will announce arrests in a crackdown on investment frauds including Ponzi schemes and stock market manipulations, according to a U.S. law enforcement official familiar with the matter. It is unclear how much if any of this will be related to the...

Scott Redler of T3Live The market remains very strong as we head into the holidays and the weather starts to become frightful. This week the market will be looking to take out highs of the year after shrugging off Friday’s alarmingly low non-farm payrolls (39k vs. 150k expected). In healthy bull markets, leading stocks flex their muscles, and...

FED Chairman Ben Bernanke will tell “60 Minutes” that he won’t rule out expanding the Fed’s $600 billion bond-purchase plan, CBS News said Friday. Chairman Bernanke is trying almost desperately to preserve the financial status quo in the face of debt destruction and deleveraging. He has driven the US stock market to ridiculously...

Courtesy of Mish Infighting over the size of the bailout fund has broken out as the Belgian Finance Minister Breaks Rank with German Chancellor Merkel Belgian Finance Minister Didier Reynders said the euro region could increase the size of its 750 billion-euro ($1 trillion) bailout fund, breaking ranks with German Chancellor Angela Merkel and France’s...

The U.S. stock market will test investors’ confidence after a very upbeat week spurred by Black Friday shopping sales. Consumer-credit data, consumer-confidence figures and the debt crisis in Europe will all be the focus of this weeks trade. 2 Stocks to watch for Monday’s trade. Cyclacel Pharmaceuticals, Inc. (Nasdaq:CYCC) announced 1-year...

AC Investor ( click to enlarge ) Motorola, Inc. (NYSE:MOT) traded just like the overall market. The stock started the day weak but rallied to go positive and closed at the highs of the day. This could be the start of a trend reversal for MOT, which is why I’ll be watching the stock on Monday. Volume has been increasing the past 3 days, as the...

by Karl Denninger The US Government seems to think so: Julian Assange, the WikiLeaks founder, has circulated across the internet an encrypted “poison pill” cache of uncensored documents suspected to include files on BP and Guantanamo Bay. Meh.  That’s not news.  There’s been an “insurance” file floated for quite some time. ...

Courtesy of Comstock Partners, via Phil’s Stock World Ever since the U.S. financial crisis in 2008 there have been many comparisons to Japan and their “lost decade.”  Most comparisons mark the start of each financial crisis as the end of 1989 for Japan and 2007 for the U.S.  We believe each deserves some clarification: Not only does...

By: Brandon Rowley of T3Live The latest data from comScore was released today on the mobile phone market and shows Google’s (GOOG) Android platform flourishing, rapidly gobbling up market share from competitors. Smartphone ownership overall jumped 14% for the three months ended October 2010 over the previous three-month period with now fully...

Pre-Market trading on Friday morning was wild as the S&P 500 did not react well to the latest jobs report. Sellers stepped in and pushed down the e-mini contract by over 10 points in less than 15 minutes which is a pretty drastic move. It is critical to note that before the jobs announcement, the S&P 500 had put in a new high in the pre-market...