Fibonacci

kimblecharting's picture

This past week the bull market in stocks, celebrated its 8-year anniversary, off the March 2009 lows. The bull trends off the lows in 2009 are still solidly in play, as key indices remain inside of long-term rising channels. Make no mistake the series of higher lows and higher highs has NOT been broken.  click title to see chart

 

 

Beware The Ides Of March

It is unfortunate that so many have forgotten what “investing” actually means. Given that investors have piled into the market since the beginning of the year, the question simply becomes who is doing the selling?

"Can't Get Broke Taking Profits" - The Tech Stock Rally Is Getting Extended

It has been said that one “can’t go broke by taking profits”. And while many may disagree with that practice (and we understand their “slippery slope” rationale), as active risk-managers, there are definitely occasions when we would deem that strategy appropriate. Now is one of those occasions.

50% Correction Is Impossible! Really?

"Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as they have predicted. I expect to see the stock market a good deal higher within a few months."

– Dr. Irving Fisher, Economist at Yale University 1929

Silver Enters Bear Market As Hedgies Flee

After tagging $19 the night of Trump's victory, Silver prices have tumbled 15% (the biggest drop since Summer 2013's taper tantrum). However, as large speculators dumped their longs en masse, this week also marked another milestone as Silver drops 24% from its post-Brexit peak (above $21) and entered a bear market once again.

Welcome To The "Melt-Up"

As Wile E. Coyote always discovers as he careens off the edge of the cliff, “gravity is a bitch.”