* Short-term momentum is still oversold, so a rally is probable once the expected test is over. * Any rally likely to be part of an overall topping out process. * Europe experiences primary trend sell signal. * Japanese and Asian Ex Japan ETF’s look vulnerable from a long-term aspect. This week we... READ MORE
* Short-term indicators continue to decline, but Wednesday’s price action may cause them to go bullish. * Small caps starting to emerge as leaders on the upside (At least for the short-term). * Quality bonds experience probable upside blow-off and high yield exhaustion on the downside . Earlier in the week I pointed... READ MORE
* Global equities experience long term technical damage. * But short-term indicators are close to signaling a tradable rally. * Bond market still looks strong. * Gold experiences marginal upside breakout against stocks. US Equities Last week I described how some serious long-term technical damage had been done to global equities but that a... READ MORE
* Oversold short term condition could trigger a bounce... but remember this is October! * Five year yield experiences false upside breakout. That signals lower yields * Gold bounces from a must hold support level. (Click here for the Video Version of this article.) US Equities In the last week some serious long-term... READ MORE
* Oversold short term condition could trigger a bounce... but remember this is October! * Five year yield experiences false upside breakout. That signals lower yields. * Gold bounces from a must hold support level. Click here for the Print Version Good luck and good charting, Martin Pring... READ MORE
* Negative divergences in the equity market continue to build. * The rest of the world (EFA) completes a head and shoulders top. * Credit spreads continue to deteriorate. * Some commodity indexes break down in a major way, others hold fast. US Equities In our last issue my basic conclusion on equities was... READ MORE
* Small cap stocks on the verge of a major breakdown. * Gold shares violate important up trend line. * Dollar Index due for a correction within a primary bull market. Click here for the video version. For the last few weeks I have been pointing out the gradually deteriorating technical position but... READ MORE
This is the video version of the Market Roundup. * Small cap stocks on the verge of a major breakdown. * Gold shares violate important up trend line. * Dollar Index due for a correction within a primary bull market. Click here for the print version. Good Luck and good charting, Martin Pring... READ MORE
* - Brokers experience new bull market closing high. * - NYSE stocks above their 200-day MA’s continue to shrink. * - Canadian dollar experiences false break to the downside. * - Commodities break to the downside. Could it be a whipsaw? US Equities Tuesday’s strong equity action could well be a... READ MORE
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* Equity market short-term momentum starting to roll over but not yet bearish. * Dollar Index fails to respond to overbought short-term condition, which is a sign of a primary bull market. * Gold experiencing very constructive sentiment but needs to confirm this with a break in the GLD above $130. (Click here... READ MORE
* Short-term equity rally is still intact. * Dollar Index experiences major upside breakout. * Commodities experience a very favorable divergence but the DJP needs to break above $37 to confirm. US Equities Last week we talked about the fact that the S&P had broken out to new highs but that,... READ MORE
* Short-term indicators still bullish for stocks. * Growth (IVE) about to break out against value (IVW). * Commodity market experiences bullish short-term divergence. (Click here for a video version of this commentary.) US Equities The short-term indicators i.e. those monitoring trends that range from 3-6-weeks remain in a bullish mode and... READ MORE
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* Bottom Fisher goes bullish. * Bonds continue to break to the upside. * Dollar Index due for a pause. * Watch $27.50 and $130 on the GDX and the GLD. US Equities The Pring Bottom Fisher market indicator (!PRBFISH), shown in the lower window of Chart 1 (and discussed in more detail... READ MORE
* Bottom Fisher indicator may be close to an upside reversal. * If the rally develops watch the value Line Arithmetic for an indication of its resilience. * Gold shares may be about to break to the upside. (Click here for a video version of this article.) US Equities Last week the NYSE... READ MORE
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* Value Line Arithmetic violates key uptrend line. * Introducing the Bottom Fisher, but unfortunately not the bottom! * Stock/bond ratio at the brink. * 5-year yield between two key converging trend lines. * Gold/stock ratio on the verge of an upside breakout. US Equities The bullish seasonal end of the month period... READ MORE
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* Breadth continues to deteriorate following Special K sell signal for the NYSE Composite. * Bonds are likely to violate an important up trendline. * Gold and commodities may be about to reverse their recent declines. (Click here for the video version of this article.) US Equities The US equity market has not... READ MORE
* Shanghai breaks bear market trendline and takes the FXI with it. * Long-term relative action suggests the FXI is no longer a world laggard, but a leader instead. * Shanghai correlation with commodities argues for higher commodity prices in general. * Chinese materials, real estate and energy ETF’s break to the upside.... READ MORE
* General correction in US equities not over despite a higher S&P. * Dollar Index breaks to the upside. * Gold likely to experience more base building before moving higher. * CRB meets downside objective, now we will see how it can handle a rally. US Equities Last week I pointed out... READ MORE
* Less than 50% of NASDAQ stocks are above their 200-day MA’s. * Bond market confidence ratio on the verge of a major breakdown. * US Dollar Index could be about to break to the upside. Click here for video version US Equities The Dow touched an all-time high this week but... READ MORE
* Fading Sectors/Industries: Financial, Homebuilders, Consumer, Biotech, Small Cap, Industrial * Emerging Sectors/Industries: Energy, Mines, Basic Materials, Gold Miners Sector rotation is a continual process, but recently several old favorites have started to lose favor, and several previously discarded ones are coming to the fore. I am going to run... READ MORE
* Brokers are leading the market lower * NASDAQ Composite leaves a lot to be desired * The balance of evidence suggests lower near-term bond prices * Commodities complete a short-term top US Equities The correction we have been talking about in the last couple of Market Roundups is likely to continue. As Art... READ MORE
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* Several market averages experience bearish outside days. * NASDAQ Composite forms bearish Pinocchio bar * Brokers leading the market lower * Further dollar weakness anticipated * Gold just below key resistance * Commodities break out from a nice base US Equities I have been saying for several weeks that the market is overextended but that... READ MORE
* Equities remain overstretched. * Japanese ETF just below key resistance. * Bonds look vulnerable as short-term rates break to the upside. * Dollar Index triggers a sell signal. * Gold is cloe to confirming a primary bull market. * Commodities acting consistently with a primary bull market. (Click here for the narrated video version of... READ MORE
* More signs of an intermediate peak in the bond market. * Dollar Index is now overbought. * Gold and gold shares are down, but not yet out. * Commodities continue to struggle at key short-term support. US Equities The short-term uptrend remains intact but is becoming overextended. You can see this from the... READ MORE
* US Equity market trend is still positive but more cracks appearing. * Bond rally may well be over, but confirmation is needed. * Dollar Index rally likely to extend. * More base building in the gold market is likely. (Click here for the narrated video version of this article) US Equities Last week... READ MORE
* S&P Breaks to a new high, but leaves a lot to be desired. * Bond rally intact but getting overstretched. * Dollar Index is breaking to the upside. * Euro experiences a double whipsaw breakout. * Gold violates a key support trend line. * Commodities face an important test of the bull market... READ MORE
* The line of least resistance for global and US equities looks to be an upward one. * The overstretched short-term condition argues against taking undue risks. * Bond rally is showing signs of tiredness. * The commodity correction may be over. (Click here for the video version of this article) First, I would... READ MORE
Hello Stockchart Subcribers! My name is Martin Pring and I’m very excited to be joining the team at StockCharts.com! For those of you who may not be familiar with my work, I have been providing research to the international investment community since 1968. My professional analysis career was... READ MORE
* Japanese Equities May be on the Verge of a Major Breakdown. * Yen Close to an Unexpected Upside breakout? * Nikkei has led Every US Stock Market Peak Since 1990. Normally Martin Pring's Market Roundup, the PMR, will give you a short-term synopsis of the US equity and bond markets... READ MORE
Today's Market Roundup Headlines: * Stocks break down big time against commodities * IGE/XLP (Inflation/deflation ratio) breaks in favor of IGE * Brent Crude close to a major breakout * Industrial metals with the exception of copper break to the upside. * Spider Metals and Mining (XME) close to major upside... READ MORE