Monthly Archives: December 2010

Golden Advice About Owning Gold and Silver

Posted on December 30, 2010 by David Durand

I believe investors think about gold and silver in a way that does not fully recognize both RISKS and BENEFITS. Let’s look at TWO commonly held beliefs about buying gold and silver. BELIEF 1: Gold is a store of value. … Continue reading →

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Philly Housing Index Breakout

Posted on December 21, 2010 by David Durand

Just Tweeted that we had a buy last night at the close of the HGX index. Housing is one of those “stinkers” that may make you money. The stinkers are rallying, so buy in scale but do hold your nose … Continue reading →

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The SP500 Index is at a Decision Point

Posted on December 19, 2010 by David Durand

I wrote in my current FREE SP500Tracker™ newsletter that the SP500 has not yet resolved the upward wedge market timing SELL signal either way. The “lid” is at 1246.73 and the bottom through which trouble would lurk is at 1227.08. … Continue reading →

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The SP500 Wedge Break Signal has NOT been reversed….not YET

Posted on December 16, 2010 by David Durand

The close today at 1242.87 for the SP500 brings us to a point that is still below the high for yesterday. That is not enough to void the market timing sell signal from yesterday. What that would take would be … Continue reading →

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Gold Broke Its Shoulder

Posted on December 16, 2010 by David Durand

Gold broke its shoulder yesterday, BUT it has not yet broken the base of the head and shoulders formation that has formed. Awwww poor gold. When I say it broke “its shoulder,” I mean that the GLD gold ETF traded … Continue reading →

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SP500 Signal Just Went Off

Posted on December 16, 2010 by David Durand

The SP500 index wedge has been broken to the downside. When a wedge is broken to the downside, the particular index can retrace to the base of the wedge which would be at about the November lows. This is the … Continue reading →

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The SP500 Index Has Prevailed: How Not to Be Run Over by a Market Maker

Posted on December 10, 2010 by David Durand

So far so good. The SP500 has prevailed in that it has closed back above “my number” that I pointed out a couple of days ago when the market was stalling (see prior posts to the right). So what was … Continue reading →

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SP500 Failed a Breakout…so far: What a failed breakout looks like

Posted on December 8, 2010 by David Durand

The SP500 has for the moment failed an important breakout. Although the index could recover and move back up through the prior breakout point (see other posts from past two days please), the risk has gone up that a correction … Continue reading →

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Below the Breakout Number: They are “playing with my number.”

Posted on December 8, 2010 by David Durand

They are playing with my number this morning. What do I mean by that? I mean that the breakout of 1227.08 is being tested from BELOW this morning. By “playing with” I mean that the market is defining the number … Continue reading →

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SP500 Breakout is Being Retested

Posted on December 7, 2010 by David Durand

Don’t look now but the S&P 500 index is at this moment retesting its high from 11-05-2010 of 1227.08. It is just below that number at the moment at 1224.56. A failure to hold here may then lead to a … Continue reading →

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