From 'Road to Nowhere' by the Talking Heads:
We're on a road to nowhere come on inside. Takin' that ride to nowhere we'll take that ride. Maybe you wonder where you are I don't care. Here is where time is on our side take you there.
From the US Federal Reserve's website and the sub-section The Federal Reserve's Response to the Crisis: Continue reading "Gold's Road to Nowhere"
(RTTNews) - After failing to sustain an early upward move, stocks turned in another lackluster performance during trading on Tuesday. While upbeat U.S. retail sales data contributed to the early strength, buying interest waned over the course of the session.
The major averages eventually ended the session mixed for the fourth time in the past five sessions. While the Dow crept up 2.71 points or less than 0.1 percent to 13,172.14, the Nasdaq fell 5.54 points or 0.2 percent to 3,016.98 and the S&P 500 edged down 0.18 points or less than 0.1 percent to 1,403.93. Continue reading "Stocks Close Mixed For The Day"
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 14th of August.
At the moment there appears to be a lack of conviction by both the bulls and the bears to move this market one way or another. This indecision has also registered in our Trade Triangle technology with many of the major markets now indicating a sideways to mixed trend.
It has been this way for quite some time and I think it is wearing a lot of investors and traders down. Normally, when you have indecision like we are witnessing in the markets they are usually preparing for some big moves later in the year. The big moves may begin after Labor Day, when many traders and investors return from their summer hiatus. Also, it should noted that volume has been extremely light in many of the markets which underscores the lack of participation by both the public and professional traders.
We are also going to be looking at a buy and hold strategy compared to a strategy using MarketClub's Trade Triangle Technology. It's on a major stock that everyone knows. The results may surprise you so stay tuned.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video
September crude oil was higher overnight on speculation that inventories declined for a third week in the U.S., the world's biggest crude consumer. Today's inventory report is forecasted to show that U.S. crude stockpiles fell last week as refiners operated near the highest rates in five years. Despite overnight gains, September remains below the 50% retracement level of this year's decline crossing at 94.28. Stochastics and the RSI are diverging and are turning bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 90.83 would confirm that a short-term top has been posted while opening the door for additional weakness during the first half of August. Continue reading "Energy Market Commentary"
By David Galland, Casey Research
For some time now – years actually – I have pondered the nature of liberty. Or more specifically, what liberty actually means to me. And to be extra clear, I am not talking about the meaning in abstract or philosophical terms, but tangibly – in much the same way I might answer if asked what my wife means to me.
The trigger for this entirely personal discourse comes from reading various articles and viewing various YouTube videos and speeches from self-styled champions of liberty (COL). There is even an entire conference, Mark Skousen's FreedomFest, dedicated to the topic. Continue reading "What Does Liberty Really Mean to You?"
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