Sunshine Profits

Stocks defended the opening bullish gap, and scored further gains intraday before the sellers took over in the session's final 45 minutes. Have we seen a turning point?In short, that's unlikely, and...

The gold futures contract gained 1.24% on Wednesday, as the market retraced most of its Tuesday’s decline. It bounced off a $1,700 support level again. Gold has been trading within a downward...

Yesterday’s sizable bullish gap immediately came under attack by the sellers – no panicking, though, as I kept riding the bull to the glorious close and beyond. In such moments, it’s...

A lot happened over the last few days. Let’s start with the analysis of fresh economic data.First, the initial jobless claims came in at 2.4 million in the week from May 9 to May 16, as the...

The run-up to yesterday’s U.S. open and the regular session’s trading confirmed my call that stocks would break above the key resistances. And they did effortlessly overcome the upper...

The broad stock market has slightly extended its uptrend in the last five trading days (May 20 – May 26). Two months ago on March 23, the S&P 500 index sold off to new medium-term low of...

The Gold Futures contract lost 1.72% on Tuesday, as it extended its downward correction from last week’s Monday’s new monthly high of $1,775.80. It has retraced almost all of the...

Last week, the FOMC released the minutes from its last meeting. What implications do they carry for the gold market?FOMC Finally Acknowledges the Situation As SeriousLast week, the FOMC has published...

The Gold Futures contract gained 0.79% on Friday as it slightly retraced Thursday decline of 1.7%. On Thursday it extended a downward correction from the last Monday’s new monthly high of...

When the economic crisis hits, the first instinct is to analyze the previous catastrophes to learn what to expect from and how to handle the current calamity. So, not surprisingly, many analysts have...

Stocks versus key resistances - that' how much of last week's trading could be characterized. Yet the bullish bias has been easily noticeable as prices kept making higher highs and higher lows on a...

Just like all good and bad things come to an end, so do “never-ending” rallies. Crude oil declined well over 5% today, which might mean that we already saw the end of the rally.But...

Stocks have closed between two strong resistances yesterday – between the upper border of March’s gap and the 61.8% Fibonacci retracement. But the overnight rise in U.S.-China tensions...

Tuesday’s refusal of the stock upswing didn’t really stick, and the S&P 500 opened higher. Trading with an upward bias during the session, the index closed comfortably above the 61.8%...

The gold futures contract gained 0.37% on Wednesday as it continued to fluctuate after reaching new monthly high of $1,775.80 on Monday. It has retraced almost all of its downward correction from...

This week, Powell gave a long television interview and a testimony to the Senate. What groundbreaking thing did he say, and what do his remarks imply for the gold market?Powell Gives Interview and...