The 10:00am better than expected ISM reading triggered another short squeeze, as shorts have been on the ropes since last Thursday. Market participants had some choices to make as SPY crossed above $139.30-$139.40... Read »

The Reserve Bank of Australia is gearing up to cut interest rates this evening. The market is currently pricing in 32bp of tightening which means that investors expect the central bank to reduce rates... Read »

This morning, all of the leading financial stocks are declining lower. J.P. Morgan Chase & Co (NYSE:JPM) is considered the most important financial stock in the United States. This stock will often... Read »

Many of the leading semiconductor stocks continue to struggle to catch a bid higher. The important and highly followed Merrill Lynch Semiconductors HOLDRS ETF (NYSEARCA:SMH) is trading lower by 0.12 cents... Read »

US stock futures point to a higher open Tuesday, looking to bounce back from yesterday’s break of the mini-uptrend line started on April 10. Worries over the European sovereign debt crisis are ramping... Read »

All of the leading natural gas stocks are catching a bid higher despite the broad stock market sell off. The natural gas stocks have been selling off sharply since mid-February. Devon Energy Corp (NYSE:DVN)... Read »

Today, is options expiration Friday. This trading week is a time when the markets will trade all over the map. There will usually be a lot of game playing in many of the popular stocks by the institutional... Read »

One of the best indicators of inflation and deflation is the action in gold and silver. When gold and silver rally it is telling us that inflation is taking hold, the opposite is true when gold and silver... Read »

Nearly everyday, the U.S. Dollar Index (DX-M2) will decline after the opening bell rings at the New York Stock Exchange. Today is a perfect example of how the U.S. Dollar Index will sell off when the major... Read »

Late last summer our Similar Markets Model (SMM) identified 1998 as a market with similar technical characteristics. As it turns out, 1998 was an excellent road map for the last eight months. What is the... Read »