Last month I warned about the bubble in the stock market, and what was going to happen when it popped. Make no mistake, the chart of the S&P is the most dangerous chart in the world. When this parabolic structure collapses, it is going to bring down the global economy.
With the stock market still firmly in an uptrend and firing on all cylinders, short term analysis is pointing to a pause or pullback in the next week or two. If a major top does form early in 2014, then we could make some big money once the down-trend starts.
We’ve decided to examine another interesting relationship to see if there's something else on the horizon that could drive oil stocks higher or lower in the near future. In today’s essay we’ll focus on the connection between oil stocks and the general stock market.
The stock market is finally beginning to show signs that the bull market may be coming to an end. Before I go into the stock market though, I want to discuss the dollar because I think currencies are going to be integrally tied to the topping process.
If you want to be an effective and profitable investor, you should look at the situation from different perspectives. That’s why we are examining the stock market and the mining stocks to see if there’s anything on the horizon that could drive gold prices higher or lower.
The Fed stimulus helped push the S&P 500 up as much as 153% from its March 2009 low. Will they keep rallying? Let's take a closer look at the charts to find out what the current situation in the general stock market is.