While prices have broken key resistance (a), we're not out of the woods yet. While the 10 and 20 day EMAs are moving sideways, the 10 is still below the 20 (b). In addition, the 50 is still moving lower. On the positive side, prices are using the shorter EMAs (the 10 and 20) for technical support. The MACD has given a buy signal and is moving higher (c), but we're not seeing a meaningful increase in flows into the market yet (d and e). That is my big concern right now.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.