by Ron Meisels | Jun 26, 2019 | News, Press
“On its daily chart the S&P 500 made two significant changes recently. First, it found support in the low 2,700s, where a previous decline was halted in early March. Second, the rally from 2,728 in early June created a new upward sloping trend channel going back...
by Ron Meisels | May 15, 2019 | News, Press
“My technical signals suggest that the rise which brought the S&P 500 to the recent high of 2954 will come to an end in mid-May and give way to a 7-to-10 percent decline towards the 1/3 or 1/2 correction targets of 2750/2650 by mid–late September. This will be a...
by Ron Meisels | May 10, 2019 | News, Press
Wheaton Precious Metals Corp. (Friday’s close $27.03) rallied from $14.51 in January, 2016, to $40.80 in August of the same year (A-B), reversed the trend and declined to a low of $22.63 at the end of the year (C). Subsequently it traded below $30 until recently...
by Ron Meisels | Apr 24, 2019 | News, Press
“The S&P 500 has come a long way from the bleak days of late-December when the Index made its low at 2,346. The S&P 500 is now up 24% in less than four months, a performance that would be outstanding on a yearly basis! It is just 1% from its all-time high....
by Ron Meisels | Mar 27, 2019 | News, Press
“The last few days saw the S&P 500 make new recovery highs from its Christmas low. The Index is now up almost 21% in less than three months. Other major market indices in New York are either in step (the NASDAQ and NYSE Composite) or slightly lagging (Dow...
