Friday, April 29, 2016

HMY Harmony Gold Mining, Bouncing Off Support In a Very Strong Sector

TLT Barclays 20+ Year Treasury Bond, Bouncing Off Very Strong Support

WFM Whole Foods Market Showing Signs Of Bottom

PG Procter & Gamble Broke Uptrend Line Support and RSI

Gold Miners Bullish Percent Index: A Warning Sign for Gold Stocks

It's time for a pause in the gold-stock rally.
The Market Vectors Gold Miners Fund (GDX) is up 77% since bottoming in January. It has been a straight move higher – practically vertical.
And by the end of the year, gold stocks are likely to be even higher than where they are today.
But in the short term, we may have a problem. You see, one of my favorite gold-stock timing indicators just triggered a sell signal...
Take a look at this chart of the Gold Miners Bullish Percent Index (or "BPGDM")..(more)

Monday, April 25, 2016

HK Halcon Res, Breakout Could Be the Start Of Up Move

UUP US Dollar Index Bull, Finally Near A Bottom In the Dollar?

LGF Lions Gate Ent. Broke DownTrend Line, Up We Go

YANG China Bear 3X, Is Chinese Market Ready For a Pullback?

SWHC Smith Wesson Pullback Now Bouncing Off Support

WDC Western Digital, Pullback May Be Over and Ready For a New Up Move

BBRY BlackBerry May Have Found A Short Term Bottom

US Weekly Economic Calendar

time (et) report period ACTUAL forecast previous
10 am New home sales March   518,000 512,000
8:30 am Durable goods orders March   2.4% -3.0%
9 am Case-Shiller home prices Feb.   -- 5.7%
10 am Consumer confidence index April   96.5 96.2
8:30 am Advance trade in goods March   -$62.0 bln -$62.9 bln
10 am Pending home sales March   0.4% 3.5%
2 pm FOMC announcement     0.25-0.50% 0.25-0.50%
8:30 am Weekly jobless claims 4/23
258,000 247,000
8:30 am Gross domestic product 1Q   0.7% 1.4%
10 am Housing vacancies 1Q      
8:30 am Employment cost index 1Q   0.6% 0.6%
8:30 am Personal income March   0.4% 0.2%
8:30 am Consumer spending March   0.2% 0.1%
8:30 am Core inflation March   0.1% 0.1%
9:45 am Chicago PMI April   -- 53.6
10 am Consumer sentiment April   90.0 89.7