More tedium was the prediction for bullion here a couple of days ago, and it seems to be coming true. Thrill-seekers might want to take a look at today's tout for July Sugar, which, as a chat room denizen noted, appears to be taking off for a seasonal flight-of-fancy […] Read More
All the king's horses seem unable to suppress the yen, much to the detriment of Japan's increasingly desperate exporters. The nearest Hidden Pivot resistance lies at 1.2657, representing a 1.3 percent rise from current levels. That number is shortable with a stop-loss as tight as five ticks, but if it gives way easily, that would […] Read More
A chat room denizen suggested taking a look at sugar -- "a nice set-up, and the seasonal low is in" -- and so we shall. Price action since early May's low does indeed look bullish, since successive upthrusts on the daily chart seem to have had little trouble impulsingv above previous peaks. Dropping down to […] Read More
Read here the confessions of a University of Illinois professor who at age 64 recently retired to fat city, courtesy of the state's taxpayers. He'll receive 80 percent of his salary for life, plus a three percent annual cost of living increase, but you won't believe some of the other perks that came with the […] Read More
The high of yesterday's gratuitous thrust didn't even come close to the 37.890 peak whose breach would have signaled a bullish resurgence, but it remains valid nonetheless as a trigger point to watch if you're keen on buying a breakout. Meanwhile, in trading early Wednesday morning (EDT), a Hidden Pivot support at 36.770 resisted sellers […] Read More
A dip below 1536.30 would cede control to bears for the near term, sending the futures down to a likely test of support at 1531.10, a Hidden Pivot whose provenance is shown in the chart. The one-off 'A' is so seductive here that I have ignored the fact that the point 'B' of the pattern […] Read More
The stock is sitting at a precipice, since yesterday's close was on a major trendline (see inset). The support is so obvious that we should be alert to a possible false breakdown that could afford us a bottom-fishing opportunity. The nearest Hidden Pivot support lies at 31.91 (A=37.72 on May 10, daily chart), so that's […] Read More
It's understandable if you've lost interest in the downside targets I gave here earlier at, respectively, 1273.50 and 1276.50, since I've practically lost interest myself. Getting there has been pure tedium, a downtrend punctuated each day by either a Whoopee Cushion rally or numerous feints higher. Alas, there's also an excess of enticing Hidden Pivot […] Read More
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