Author Archives: 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 →

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 →

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 →

Gold is in a bit of a swoon today and the Gold Bugs Index (HUI index) which is tracked by the GDX, is swooning with it of course. I want you to look at a chart of the GDX. Look … Continue reading →

UPDATE: We are OUT of this trade as of 12-01-2010. It worked! The truth is that it’s about the only thing that is working. I thought the other day when gold bounced off of some support and Europe was falling … Continue reading →

See the link to the page with all the numbers and charts on the REIT decline:You can review more of my most recent comments on the markets HERE:Market Timing Blog at SunAndStormInvesting.com Click here to get my soon to be … Continue reading →

The US dollar trade perked up LAST NIGHT when it move above the critical level I had pointed out to my paid subscribers as the key selling point. That number was 76.71. That is very positive for a short term … Continue reading →

Since the morning, the wedge has actually been broken ONCE AGAIN and a close below the bottom YELLOW line will bring this market down further. The base of the wedge is at the moment at about 117.33. See the PRIOR … Continue reading →

So where is the S&P 500 today? The rising Bearish wedge is still in play. The SPY crossed BELOW the lower YELLOW LINE briefly and then recovered, which is positive. But this may be the start of a longer term … Continue reading →

The chart below shows that the GDX is coming down to retest its recent breakout above 56.74, which was the high in 2008. Note that prior failed breakouts of GDX have BROUGHT DOWN GOLD (GLD) consistently. (Read my other posts … Continue reading →