Blogs

The August 8, 2010 Flash Report has been sent to subscribers.

Volume is one of the rare technical gauges that can actually help us get ahead of the curve a bit. We always look at volume as one of the most important barometers. It s worthwhile to note that volume in the stock rally off the March 2009 lows began to wane a few months in and by last June was showing more selling pressure on up days than buying pressure. Only on down days did volume pick up. Interestingly while markets rebounded from June 2010 losses in July, the volume of buyers hit a fresh low. Lasting gains need a steady stream of new buyers and believers to sustain.

An uptrend in gold stretching back over 18 months has been broken. 

Excellent article from the WSJ yesterday on 10 ridiculous things people are told and reiterate about stock market investing:

At times like this, your broker or financial adviser may offer words of wisdom or advice. There are standard calming phrases you will hear over and over again. But how true are they? Here are 10 that need extra scrutiny.

A new issue of the TREND letter has been sent and should appear in subscribers' email inboxes overnight. 

In our July 12th issue of the TTT, the suggested entry price for the 2nd "Technial Trade" was mistakenly listed as $17.25 but should have been $27.25 

This was totally obvious in context of the chart, commentary, and suggested exit & risk levels, however we do apologize for any confusion or inconveniece. 

A new issue of the TREND Technical Trader has been sent to subscribers on the evening of Monday July 12th. 

This issue features an extensive technical examination of the current market, new stop and entry levels on suggested positions, and new trading ideas. 

There is too much leverage in the non-psychical gold market, according to Ben Davies, CEO of Hinde Capital. Davies considers the outlook for the price of gold.

Former Morgan Stanley Asia chief, Stephen Roach is now back in the US for a position at Yale. He talked to the Wall Street Journal this week about the risks of double dip, the reality of a slow recovery and the need for consumers to rebuild their fiscal health over the next few years.