U.S. Dollar Takes Centerstage, by Mike Hinman In just about every market, there has been a unique theme presenting itself during the last few months: the U.S. dollar has taken the global center stage. If you want to survive these trying times, I think you have to keep your eye on the dollar. Why? You [...]
Join us for two live webinars this week at no cost, and ask your questions via chat. On Monday June 22, join Lind Plus Senior Market Strategist Mike Hinman for our weekly Markets on the Move webinar at 3:30 CT. Mike will share his thoughts on the direction of the U.S. dollar and its impact [...]
Crude oil futures are down in early trade, with the August contract sliding under $68 a barrel after the World Bank predicted the global recession will be deeper than expected, contracting 2.9 percent this year. MF Global Research Analyst Ed Meir said he believes the deterioration in the Iranian situation should keep keep prices close [...]
June kicked off with a big bang, as stocks and many commodities hit new highs for the year. Is it time for a breather? Lind Plus Senior Market Strategist Jeff Friedman said “today could be a turnaround Tuesday” as bulls take some profits. “The signs are coming for a stronger sell-off,” he added. Technical momentum [...]
Gold and Silver Watching Stocks, Looking Bullish for Bugs By Greg Perlin Historically, gold has been viewed as a safe-haven investment and an inflation hedge, and has risen when the stock market and the dollar are bearish. However, we have seen a shift in that correlation as gold and silver have both been holding [...]
Data to Watch This Week: Home Sales, Durable Goods by Phil Streible In every market, there is a vast amount of fundamental data to keep track of. A lot of people are unsure what’s driving the markets right now, and what to focus on. We are in earnings season, which reaches its pinnacle on Wednesday. [...]
Stock index futures are weak in early trade, with June S&P 500 futures last down 25 at 841.75. Lind Plus Senior Market Strategist Jeff Friedman said the market seems to be “running out of oomph” and momentum indicators, the Stochastics and Relative Strength Index (RSI), are warning the market is overbought and wanting to correct. [...]
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Lind Plus Senior Market Strategist Jeff Friedman sees resistance in June S&P at 866-870, and cautions that we could see a possible 5% correction at any time after the market’s 30% rally from its lows. He said he thinks the market is overbought, but for now,”don’t fight the tape.” Listen to Jeff’s full daily podcast. [...]
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Head-and-Shoulders Pattern Forms in Gold by Mike Marshall After the recent uptrend, the gold market has met stiff resistance above $1,000 an ounce and has traded its way into a head-and-shoulders reversal pattern. With the top of the head around $1,010 and the neckline near $890, a head-and-shoulders reversal projects a move down to $770 [...]
Join Lind-Waldock for two live webinars this week. Today, Lind Plus Senior Market Strategist Dan Pavilonis will discuss the fundamental and technical outlook for crude oil. Join Dan at 3:30 p.m. CT and ask any questions you have about the markets live. He will also take a look at his commodity picks. Register here at [...]
