Monthly Archives: January 2011

SP500 Index Market Timing: Rallying to Resistance

Posted on January 31, 2011 by David Durand

The SP500 index has bounced up to initial resistance on the 15 minute and 60 minute charts. If you were looking for a spot to sell, this would be it. Or you can wait for the next downswing in the … Continue reading →

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SP500 Index: Not enough! The Wedge is Back in Play

Posted on January 28, 2011 by David Durand

The SP500 has reaffirmed the prior wedge break market timing signal assuming that the failed breakout holds into the close today. Can the market just saunter back up in the face of retail disappointment (Ford and Amazon) and the Egypt … Continue reading →

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AAII Investor Sentiment is NOT in the Way – Not short term anyway

Posted on January 27, 2011 by David Durand

For the details please go to my AAII page here: AAII Investor Sentiment Review

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SP500 Market Timing: How much of a breakout is enough?

Posted on January 27, 2011 by David Durand

Well, the SP500 index DID break out above the wedge (bearish market timing signal) that I wrote about in last weekend’s SP500Tracker™. But not by much. We are at this moment (3:17 pm ET) just 3.22 points above the breakout … Continue reading →

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Gold Stocks (HUI index; GDX) Run Ahead of Gold (GLD,IAU)

Posted on January 26, 2011 by David Durand

The GLD ETF is only up 0.02% while the gold stock ETF (GDX) is up 2.00%. Quite a difference. A market timing perspective and a fundamental perspective would BOTH be suspicious of the gold stock move. You might want to … Continue reading →

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SP500 Index: Still not clear of the SELL signal

Posted on January 25, 2011 by David Durand

The SP500 index has still not voided the market timing signal given off when the last upward wedge was broken. (The chart is in the SP500Tracker™ newsletter that can be obtained free using the link below.) The only way the … Continue reading →

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SP500 Index: You think it’s up and all is well? Think again.

Posted on January 24, 2011 by David Durand

The SP500 index gave a market timing signal the other day that is shown in my FREE tracking newsletter that was just out this morning. The little bump up in the SP500 index today does NOT void that SELL signal … Continue reading →

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Euro Attempts Breakout and Fails for Now

Posted on January 21, 2011 by David Durand

(UPDATE on 1-24-2011: Please see the comments below this post. This was a decent place to trade against the Euro, but the dollar reversed and failed support, so the trade was exited at a small loss. If you follow your … Continue reading →

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Dollar Reverses Fakeout Breakdown: Sell the Euro

Posted on January 20, 2011 by David Durand

The US dollar index just reversed the prior breakdown this morning and we’ve got a market timing signal. It does that once in a while and when it does, it can work out as a good reversal trade. The market … Continue reading →

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Don’t Hi-yo Silver (SLV) Your Metal Money Away!

Posted on January 20, 2011 by David Durand

Not using market timing when trading silver and gold is insane – unless you are content to ride out 50% drops in silver and 25% plus drops in gold. Silver and the SLV are looking a bit sick right now. … Continue reading →

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