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This could be the bull market’s last hurrah

This could be the bull market’s last hurrah  Ron Meisels says market could go up another 10% before bears take charge. By HOWARD GOLD, COLUMNIST We’ve heard it over and over again, for years: This bull market is getting long in the tooth. It just celebrated its eighth...

Report Card for 2016

Market Forecasts: Phases & Cycles had an excellent year of forecasting the major direction of both the New York and Toronto markets. As the year began, our January 5th, 2016 Market Comment pointed the way: “THE OUTLOOK FOR 2016: THE BULL MARKET IS BRUISED BUT...

What the Charts Say – Bullish on Kirby Corp.

Kirby declined from $124.12 to $44.63 (A-B), had a recovery rally to $73.25 (C) and then returned toward the previous low (D). This price action produced the first three moves of a bullish technical pattern known as a “W” formation (dashed lines). The subsequent rise...

What the Charts Say – Bullish on Alcoa

Alcoa Inc. had a sharp decline to $23.91 from $53.25 (A-B) and then settled in a large horizontal trading range mostly between $21 and $34 (dashed lines). The recent rise above the top of this range signalled renewed investor interest, a breakout and the start of a...

What the Charts Say – Bullish on Cheniere Energy

Cheniere Energy Inc. declined from $82.32 to $22.80 (A-B) below its falling 40-week moving average (40wMA), rallied to ±$45 (C) and then stayed in a trading range mostly between $35 and $45 for about six months. This price action produced a bullish technical pattern...