There’s always a bright side to things, just ask the markets.



All three headline composites of the latest Case Shiller home price index were lower for the first quarter 2012. In fact, home prices in many cities are at the lowest levels since the housing crisis began.



This “good news” combined with the other “good news,” Greece being such a gigantic financial disaster that it’s getting kicked out of the Euro, propelled the market higher.



If we are going to…

I recently did a webinar on an introduction and overview of my work. I have posted a link to the webinar on my website at www.cardwellrsiedge.com  The webinar is free and will only be available for a limited time only. 

In spite of today's intraday reversal of some decent losses, the weight of the technical evidence continues to point towards a short to intermediate term correction which will set up a final 5th wave move to a more significant high above the 2011 highs.  Buyers have continually bought even the smallest dip.  This is not bullish.  The market is probably exhausting short to intermediate term buying power at the top of the wave which will likely result in a deeper and longer…

As the S&P 500 hovers at its February 2011 high and the Dow toys with its May 2011 peak, many market participants are looking for an important top soon.  While I am certainly aware of some good arguments for a new bear plunge--in fact I've been favoring a major top in the first or second quarter of 2012 myself--I think it's worthwhile to examine the body of technical evidence that indicates that a run at the former all-time highs may be in the offing.

My "BullBear"…

HIGHER THAN YOU THINK, PART II



The jobs report came in better than expected and we got a pop above resistance that has held and even run throughout the day.  Overbought is becoming more overbought, which is very bullish.  Tape action and technical action and the overall setup tends to favor a run back to the 2007 high rather than a top soon followed by Wave E down.  Here's how I…

From time to time I release the full text of my BullBear Market Report to the general public.  This edition from September 19, 2011 calls the subsequent moves in the major stock indices nearly exactly.  From there we got a move to a lower low followed by a strong corrective rally that has caught most market participants off guard.

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As investors once again hang on the monetary policy decisions made by the Federal Reserve Board,…

Source Link: http://www.thebullbear.com/profiles/blogs/will-the-euro-collapse

Will the Euro Collapse?

Trading a true currency collapse is a rare opportunity. Most market participants are familiar with the story of George Soros and his ride to prominence on the back of the collapse of the British Pound. Is it possible that a similar opportunity may present itself soon in the form of a collapse of…

The market got spooked by the collapse of a minor brokerage firm, MF Global. Perhaps an appropriate Halloween reaction of -2.5% occurred as the firm's demise was at least partially linked to losses stemming from the European debt crisis. Just two sessions earlier, markets spiked on news that a deal had been struck on Greek debt and the "recapitalization" (bailout) of European banks. At this time all of that spike move has been given back.  News that Greece is planning a referendum on its…

The crash which I called for in my June reports came a month later than expected and the wave count has developed very much as anticipated at that time.  In my favored count, SPX is nearing the end of its initial A wave decline of a large 3 part E wave which should end the bear market.

Here's my long term monthly SPX chart:…

Brazil's Bovespa stock market index closed at fresh lows today.  It's rally off the early July low was far weaker than that of most other major world markets.  A look at the chart shows that a significant level of support going back to October of 2009 was violated in today's selloff.

In fact, the index is just a day's trade away from taking out its May 2010…

Last week SPX appeared to complete an abc sideways correction.  By Friday the index was heading back towards its lows and ended the day and the week just above critical support at the confluence of the 200 EMA and the uptrend from March 2009.  The setup is for a potential gap below this support zone on Monday, which could then trigger sell stops leading to a cascading decline.

Commodities continued to lead to the downside, with Crude breaking lower and the Agriculture and Grains…

Excerpted from the June 12 edition of Notes From the Rabbit Hole (NFTRH140):





Nominal Gold & Gold vs. Currency…

There are significant signals in the current market that a crash or meltdown scenario could unfold sometime in the next 1-2 weeks. Crashes are rare events and nearly impossible to predict, but many elements that could combine to produce a financial market calamity appear to be present at this time.

The video below reviews the current technical condition of the major world stock markets.  In it I examine each index in terms of the relationship between price and the uptrends from March…

(The following is an updated excerpt from the latest BullBear Market Report for BullBear Traders members):

It seems that Joe-the-Investor is finally listening to the contrarian arguments about downside risk; perhaps even some realization about the growing imbalance of weight favoring uncertainty on so many key mkt impacting considerations.

A broad bear market slide is more likely given the anemic US and global…

New pick from Faizan's Stock Picks

New pick from Faizan's Stock Picks

(The following is the Introduction to the latest BullBear Market Report for BullBear Traders members)

In the last BullBear Market Report, I called for a significant correction to begin and announced that I had closed…