Logical Market Update: Near Term Outlook Gold & Silver
Near Term Outlook Gold & Silver – Downside Potential Stronger Wednesday’s trading was limited with intraday ranges also limited for most issues. After hours tech titans IBM and INTC reported earnings. Initially reaction took the stock prices lower, which included a very brief downdraft in the NDX and SPX futures only to be replaced by […]
Continue readingLogical Market Update: Precious Metals Hammered Lower – Negative Momentum Getting Extreme
Gold & Silver Hammered Lower- Negative Momentum Getting Extreme Gold and silver dropped to new two-year and nearly three-year lows. The futures markets have again seen the liquidation of “weak-handed” longs and continued technical short selling as the market reacts to the prospect of a stronger U.S. economy triggering the Federal Reserve to begin […]
Continue readingLogical Market Update: AMZN, BIDU, and SBUX Disappoint On Guidance! What Now?
AMZN, BIDU, and SBUX – Disappoint on Guidance! What Now? I’m reminded of the 70’s Chiffon margarine commercial that carried the tag line “It’s not nice to fool Mother Nature!” But in place of Mother Nature I am inserting “The Street.” The hits just keep on coming with Amazon, Baidu, Expedia and Starbuck’s all […]
Continue readingLogical Market Update: What a Tangled Web – Apple’s Earnings – What’s Next for the Markets?
What a Tangled Web – Apple’s Earnings – What’s Next For the Markets A funny thing happened on the way to Apple’s first quarter report – they beat estimates, announced a $60 billion share buyback plan, discussed a “significant increase” in its capital return policy, which will total $100 billion by 2015 and raised […]
Continue readingLogical Market Update: Correction(s) Continue – Earnings Disappoint – Precious Metals Fight for Stability
The Correction(s) Continue – Earnings Disappoint – Precious Metals Still Fighting to Find Stability The answer to Tuesday’s question(s) was resoundingly answered by Wednesday’s opening. Yes, the corrections continue in the equity, treasury, forex, and precious metals markets. No, the “all clear” signal was not issued. I’ve read some bloggers urging traders […]
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