Fallond Picks Yesterday belonged to the Russell 2000. The leading index cracked above the 2011 high, offering new longside opportunities. Technicals continue to rise, although it will be a few days before the bearish divergence in the MACD is challenged. ($RUT) via StockCharts.com Large Caps had their time in the sun too. The S&P saw its technicals...

Over the past couple months everyone seems to have been preparing for a sharp market correction. Crazy part is that the SP500 dropped about 10% from the high and that is a typical bull market correction. The thing is… the stock market has a way of slowly unfolding making it look and feel minor, then before you know it, the correction is over and it’s...

Here is a simple question for you: which would you rather buy right now,gold or silver? Gold has incredible amounts of emotional baggage attached to it, while silver is in a different league – at least for the moment. This video will show you two indicators that can help you capture either market when and if the upward trend decides to resume. With...

From the desk of John Thomas The Mad Hedge Fund Trader Wednesday, March 30, 2010 Last Chance to Participate in the April 8 Paris Strategy Luncheon. Come join me for lunch for at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Paris, France on Friday, April 8, 2011. A...

By: John Darsie of T3Live US stock futures point to a healthy up open on Wall Street after yesterday’s reversal off the 50-day moving average. Yesterday the market was weak early but the reclaimed MA acted as support and we rallied hard right into the upper end of the three-day range. Overnight Investor’s Business Daily put us in a “Confirmed...

By Jordan Roy-Byrne, CMT In this missive we reply to the supposed reasons against investing in Gold. Point: If you bought Gold in 1980, you were in the red for many years. In only two and a half months, Gold went from $400/oz to over $850/oz. Gold really began to takeoff in the second quarter of 1979 at a price of $250/oz. Some buying came in...

Courtesy of Mish Long awaited FDIC “skin-in-the-game” mortgage rules are out. Amusingly, banks are largely exempt from the new rules. On one hand it’s hard to make this stuff up, on the other hand it seems laughably easy to believe. My ears say the proposal sounds like it came straight from “The Onion”. Please consider FDIC’s...

From the desk of John Thomas The Mad Hedge Fund Trader Tuesday, March 29, 2010 There Are No Gurus. If there was ever an argument that you should rely on independent newsletters for guidance about financial markets, such as The Diary of a Mad Hedge Fund Trader, and not traditional brokerage houses, take a look...

Calculated Risk The BEA released the Personal Income and Outlays report for January: Personal income increased $38.1 billion, or 0.3 percent … Personal consumption expenditures (PCE) increased $69.1 billion, or 0.7 percent. … Real PCE — PCE adjusted to remove price changes – increased 0.3 percent in February, in contrast to...

Jesse’s Cafe’ Americain “Skillful accumulation is what my observation has been telling me as well. this market is trading just like I used to try and trade illiquid junk bond names that I was trying to buy – hit the market’s bid side for a bit and try to shake out sellers and fill in with your own bid…feels like...

by Karl Denninger and ask them what the hell is going on with all these Chinese companies and other “roll-up and reverse-merger” firms that have been detonating of late? Today’s is CBEH: That’s nice.  It joins CDM which was halted on the 18th (and has not reopened since), CCME which has been cut in more than half after a nice...

By: John Darsie of T3Live After a slight up open this morning, the S&P pushed into Friday’s high before being turned away. A strong three-day bounce last week that saw bulls retake control of the 50-day moving average, but at this stage the major indices are demonstrating a need for some rest and digestion. The apex of the former wedge pattern...

by Tyler Durden Just released by Moody’s: On March 23, 2011, the Portuguese parliament rejected the government’s proposed austerity package. Prime Minister José Sócrates subsequently resigned, which, in our opinion, increases policy uncertainty and heightens Portugal’s refinancing risk. We have lowered our long-term sovereign credit...

HCPG High Chart Pattern’s readers know that oil and gas has been our favorite sector to trade for a while. Most of the charts in the sector though have rallied significantly in the last little while and are quite extended. Here are a few that are on our screen: Let’s start with a driller that actually is under-performing: We like RIG 74-75...

AC Investor ( click to enlarge ) SINA Corporation (NASDAQ:SINA) has broken out to all time highs again. The volume on Friday’s break was decent, not great, so a sell-stop below $99.30 is probably a good idea. Anyway, SINA is now seeing blue skies as there is no resistance overhead. The technical chart is showing tremenous strength with...