The start of a new month granted no reprieve to ailing stocks, as the major indices nosedived to build on their recent wave of losses. The broad market gapped lower on the open, then settled into a steady downtrend that persisted throughout the entire session. The Nasdaq Composite plunged 4.0%, th ... Read more

Watch For Clear GLD and SLV breakouts to buy and/or add to longs Chart 1: Nice high volume rally in gold puts it on the edge of a confirming breakout. Courtesy B ... Read more

The market is marking time.  The GMI and GMI-R were unchanged, along with the T2108 indicator.  There were only 2 new highs and 108 new lows in my universe of 4,000 stocks on Wednesday.  Gold (GLD) and silver (SLV) continue to advance.  I remain mainly in cash. ... Read th ... Read more

Fighting off a significantly lower open, broad market indices held the opening range lows, and ripped higher through much of the session to close in positive territory. Some late afternoon selling forced the averages to close off the highs of the session, but overall the reversal action was posit ... Read more