By: Scott Redler of T3Live The bearish pattern is complete on the industrials and homebuilders. That was fast! If you take a look at these two charts- we showed you the Technical Bearish Pattern in the Industrials and the Homebuilders. They helped to give clues that SPY pattern could Trigger XLI- just met the measure the move of 31-32. If you are short...

Dear reader, I just received a rare opportunity to offer you free U.S. market analysis from the world’s largest market forecasting firm. I strongly encourage you to consider this offer. Other than the fact that Elliott Wave International has fully-prepared their subscribers to take advantage of the recent free fall in US stocks, they never offer...

Just as I expected, when the market failed to rally on the debt ceiling resolution, panic set in. As I have been telling people the stock market is not dropping because politicians are debating whether or not to spend more money. They have a long record of raising the debt ceiling whenever it threatened to interfere with their spending spree. So the...

By: Scott Redler of T3Live I first started talking about the Head and Shoulders Pattern in the S&P last week, and followed up on Tuesday with a chart showing the neckline of the pattern getting tested. The neckline was the 1255-1285 area. The measured move of the pattern is down to 1180-1160. So far, this down move has happened quickly (quicker...

by Tyler Durden The epic blow out accelerates with the widely followed (by the administration) DJIA dropping by over 400 points at last check. And as we warned earlier, the liquidation sell offs in PM, to no small part driven by rumors of yet another CME margin hike, are picking up pace, with silver tumbling from over $42 to just $38.50. We are very...

Dendreon’s (DNDN) big breakthrough prostate cancer treatment Provenge was supposed to be on its way to becoming a blockbuster product. Instead, Dendreon said Wednesday the drug badly missed a sales target for the second quarter, the company withdrew its revenue goal for the year and said it will cut jobs. Is DNDN dead in the water? An acquisition...

The following article is an update on the current technical position of the marketplace as I see it. Obviously the price action this week has been ugly as the situation in Europe has become front and center in the minds of traders and market prognosticators. The information below is an adaptation of what members of my service at OptionsTradingSignals.com...

by Tyler Durden Yesterday, JPM’s Michael Feroli who is now undisputedly the least worst Wall Street economist (RIP Hatzius) cut his 2012 GDP forecast to under 1% net of fiscal adjustments. As of minutes ago, he just slashed his Q3 GDP from 2.5% to 1.5%. And the worst news for Obama: he will be dealing with 8.9% unemployment during his re-election...

By David Galland, Managing Director, Casey Research At any point during the recent negotiations in Washington over the debt, did you seriously think for even a second that the U.S. was about to default? Of course, in time the U.S. government (along with many others) will default. However, they are highly unlikely to do so by decree or even through the...

Scott Redler of T3 Live There is a storm brewing in the market right now, and over the last few days we have definitely heard some thunder and lightening! While bulls have been holding out hope that the economic recovery would take hold, the numbers are starting to get worse. Yesterday’s ISM survey was the worst in 2 years, and last month’s...

Be Careful What You Wish For. Politicians are popping champagne bottles and celebrating the end of cantankerous negotiations over the debt ceiling. I say be careful what you wish for. Let me give you my quickie, back of the envelope analysis of the debt ceiling deal in Washington. The compromise calls for $2.4 trillion in spending cuts over ten years....

David Banister- www.MarketTrendForecast.com Back in Mid-May of this year we had a big rally in the Dollar and Gold was correcting hard. There was a bit of Dollar Bull hysteria at the time which I felt was quite unfounded. I wrote an article entitled, “The Dollar Bull Monkey Dance Will Soon End Badly, QE3 Next?” You see, the collective herd psychology...

Ambrose Evans-Pritchard mentioned the remarkable resurrection of the M3 monetary aggregate in this story at the Telegraph today, hopeful that the rising number of dollars will help resurrect the U.S. economy. Since I’d not seen it in some time, it seemed like a good idea to look up nowandfutures for the latest chart. I’m not sure this is good...

A snapshot of the Market Wrap Up covering Stocks, Bonds, FX, etc.

GDP is Another Bucket of Cold Water. Another bucket of cold water was thrown on financial markets on Friday with the shocking release of Q2 GDP of 1.3%. The whisper number prior to the release was at 1.9%, and even this figure is far short of the Federal Reserve’s GDP forecast for 2011 of 3.0%. Keep in mind that these are backward looking numbers...