By Phil of Phil’s Stock World I have to tell you some terrible things. I didn’t want to do it – I almost didn’t bother with this post as it’s soooooo depressing and who wants to hear that crap but there’s also a lot of stuff going on and it’s my job to inform you of it so I’m HOPING (because...

Gold Scents As many of you know I believe that we have begun the topping process of this cyclical bull market. In a healthy market an intermediate decline is a profit-taking event after a significant leg up. It should hold well above the prior intermediate bottom. The decline into the June low was not a profit-taking event. The market had not rallied...

Don’t Hold Your Breath for Residential Real Estate. Every few weeks I get a warm and fuzzy feeling when I see my old house for sale in the Wall Street Journal. I’m sure you’ve seen it. It’s the 8,500 square foot, four bedroom, seven bathroom white elephant perched on a mountain peak, with a dramatic waterfall pouring into a marble swimming...

It’s been an exciting couple months as stocks and commodities have moved like they are a roller coaster at a theme park. We all know every good roller coaster has a few monster hills which make their clients scream in fear/excitement that’s what it’s all about! But if we step back into the financial world where fear/excitement cost people...

Tim Iacono The Misery Index over time from this item at Bloomberg puts our current condition into proper perspective and, based on estimates from the 1920s during the so-called “Coolidge Prosperity” when the misery index averaged about 6, one can draw parallels to the years leading up to the most recent bust. At some point, historians will...

by Karl Denninger Joke defined: House Republican budget negotiators have abandoned plans to pursue a massive $4 trillion, 10-year deficit reduction package in the face of stiff GOP opposition to any plan that would increase taxes as part of the deal. House Speaker John Boehner informed President Barack Obama Saturday that a smaller agreement of...

A few weeks ago traders and market prognosticators were frantically trying to determine if the S&P 500 would hold the 200 period moving average. As it turns out, the 200 period moving was able to hold sellers in check. After a few days of grinding around, the S&P 500 pushed higher. The price action has been spectacular the past two weeks...

Tim Iacono Though it’s cousin “fugly” has yet to make an appearance, “ugly” seems to be the operative word for those writing headlines associated with this morning’s labor report: Ugly Jobs Report Shows US Payrolls Add 18K, Unemployment 9.2% Unemployment Report July 8… UGLY!!! June Jobs Report: the Ugly, the Ugly and the Ugly Diving...

When Ralph Nelson Elliott discovered the Wave Principle nearly 70 years ago, he explained how social (or crowd) behavior trends and reverses in recognizable patterns. You can learn to identify these patterns as they unfold in the financial markets, and use them to help anticipate where...

Hello traders everywhere, Adam Hewison co-founder of MarketClub just posted his afternoon update for Friday the 8th of July. It was a shocker! You can watch the video free here: The video is timely, actionable and best of all…FREE! Here’s a brief recap: The US only created 18,000 jobs and unemployment jumped up to 9.2% – how can we...

From the desk of John Thomas The Mad Hedge Fund Trader Friday, July 08, 2011 Industries You Will Never Hear From Me About. The focus of this letter is to show people how to make money through investing in fast growing, highly profitable companies which have stiff, long term macroeconomic winds at their...

by Tyler Durden A month ago we presented the strange case of the fractal algo gone amok while trading natural gas in a low volume after hours session. We expected that we would see this surreal trading pattern in other commodities shortly, although little did we know that it would impact the most important of them all, as soon as month later, and...

Trouncing the NASDAQ Almost 7-to-1 Year-to-Date. If the results of your plays this year have left you feeling like you just took a straight shot to the gut, then you’ll want to read what I’ve written here. John Thomas, The Mad Hedge Fund Trader, has been cleaning up for the first part of the year, scoring a solid 31.20% total return for the...

John Townsend, on behalf of Sam Kirtley, SKOptionsTrading Despite some calling for an explosive summer rally in gold, prices fell again this week on the back of easing concerns over Greek sovereign debt as the Greek parliament successfully passed the austerity legislation required to access additional bailout funds. This was due to the erosion...

This has been an interesting year for both gold and oil. There has been wild price swings due to extreme political, economic and weather events round the globe making these commodities a little more difficult to trade than normal. That being said if we look at the charts it appears we could be at the beginning stages of another major rally in both...