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Tweet I’m starting to see cracks in the reverse head/shoulder pattern that I highlighted a few weeks ago. For starters, the right shoulder is taking a little to long to form and it appears that it’s breaking down, which would invalidate the pattern immediately. It also appears that the RSI is about to break to […]

Tweet By Jason Simpkins Managing Editor Money Morning Understanding that high-speed rail (HSR) could provide millions of Americans with a cleaner, more efficient way to travel, President Barack Obama allocated $13 billion to its development over the next five years as part of the American Recovery and Reinvestment Act (ARRA) passed in February. But Obama’s […]

Tweet Judging by the percentage of stocks over their 200 day moving average, one could argue that we’re clearly ahead of ourselves in terms of a bear market rally and have plenty of room to correct. We’re at levels not seen since late 2003. [ad#co-1]