The march towards a double top near 1850 on the S&P 500 continues, and may have achieved its objective on Friday at 1838: (Thursday’s chart) I expect the advance to stall out now, and retreat to the 38.2% level that is now at 1801. There is a small chance...

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The S&P 500 continues to churn near its highs in the 1690-1700 range. Although the chracter of the market changed dramatically after the July 19 top date, marking an end to the 2013 upturn, the big downturn has not yet shown itself. We bonked against the highs for almost...

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Well, I certainly didn’t expect that from the gold market. Tuesday looked like the clear beginning of a push up to $1,440, but almost all of that advance was given back on Wednesday. The price of gold is being whipped around by the U.S. potential action in Syria. Unless...

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The S&P 500 has held up well since the July 19 energy peak, and really just consolidated into the lesser peak on August 8. But the next peak is not until early November, and in the meantime there is a very negative trough coming up on September 8 to...

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