Gary Savage
Articles by Gary Savage
The current price behavior of gold is providing us a potential opportunity to see the rubber band theory in action. Price is stretched far above the 50 dma and due for a snap back in the direction of this average. This video discusses...
As I noted in my last COTD, there are signs popping up that stocks are about to, or have completed a very mild intermediate cycle low. The vast majority of traders decide to buy (or join the SMT) after most of the move has already happened...
The Nasdaq Nov/Dec high may act like a magnet to pull the S&P500 price higher before generating a half cycle top.
Obviously, it goes without saying that no one should be selling short right here. I’ve been on record as saying...
Obviously, it goes without saying that no one should be selling short right here. I’ve been on record as saying...
I’m just waiting for the euro to confirm a final intermediate cycle bottom. It’s now very late in the timing band at 33 weeks. So the bottom could occur at any time. My best guess is the euro will bottom and the dollar will top on, or the...
I listened to the debate between Rick Ackerman and Mike Shedlock on the Kereport today…and I just had to comment. We have a perfect example of two analysts locked into the deflationary crash scenario by what happened in 2009. Both are...
Just as promised months and months ago, the NASDAQ has reached its all-time highs at 5100.
That being said, the 5100 level is a huge resistance zone. It has held for 15 years. The bull is very mature at 6 years old, and without the...
That being said, the 5100 level is a huge resistance zone. It has held for 15 years. The bull is very mature at 6 years old, and without the...
I’ve watched for several years now as one analyst after another has tried to call the top of this bull market. I would argue that the world is in a severe deflationary environment -- and in order to hold those deflationary forces at bay,...
Has oil finally bottomed? I think yes… well at least temporarily. Let me explain.
The main culprit driving the CRB and oil down over the last 7 months has been the powerful surge in the dollar.
Over the last week oil has shown all...
The main culprit driving the CRB and oil down over the last 7 months has been the powerful surge in the dollar.
Over the last week oil has shown all...
With the S&P500 losing support so early in a new daily cycle on Friday, I’m afraid we’re probably set up for a choppy market in January.
I had my doubts as to whether the market could break through 2100 on the first try--...
I had my doubts as to whether the market could break through 2100 on the first try--...
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