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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Rally Stalled......
Posted on 12/28/2006 06:29 AM | Link | Post Comment
When in doubt, stay out. Especially in the commodities markets as cash is king. I remain bullish longer term, especially when I read headlines like this "Goldman Sachs Raises $6.5B for Infrastructure Fund", but trend lines have been broken:
The CRB index confirmed the bearish price action in both energy and gold by breaking trendline support also.
Gold topped in May after the parabolic rise and looks like is still within a large consolidation.
Copper broke down this week from the seven month consolidation which many thought would break to the upside. Next stop is the 200ema.
Also read:
- Are Financials Suddenly Cheap? Part Ii
- Are Financials Suddenly Cheap?
- Top 10 Sectors & Stocks By Relative Strength (weekly Update)
- Short-Term Sell Signals Given
- "Who Is Next?" By Dick Bove
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Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Fri Jul 18, 2008 08:23AM
U.S. stock futures rebound on Citigroup results"S&a [read more]
U.S. stock futures rebound on Citigroup results"S&a [read more]
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