ViperReport.com

Top Technical Tool For Commodities

In over thirty year of analyzing and trading crude oil futures it has become clear that it is a market that is often subject to the most outlandish price forecasts.  Many will remember that less than two years ago one well known analysts said that crude oil would never trade above $44 in his lifetime…
Read more

Patience Pays Off

The Dow Industrials 234 point decline on Tuesday September 5th convinced some that the market's correction was not yet over. Based on my analysis of the advance/decline lines the sharp market correction was clearly a buying opportunity. By the market’s close on Friday September 8th my advice to Viper Report clients was that patience was…
Read more

The Week Ahead Markets

The investor concerns about continued tensions with North Korea and the long term implications of hurricane Irma caused some investors to move to the sidelines last week. This did not change the positive technical development from the previous week but does allow for choppy trading in the week ahead. The quick resolution of the debt…
Read more

Correction Over — What & Where To Buy?

The stock market had been in the correction mode since the first part of August when I commented that “it is not a time to be aggressive on the long side”. The turnaround on Tuesday after the sharply lower opening indicated a shift was underway. The strength of Nasdaq 100 A/D line was evident by…
Read more

Still Too Many Stock Market Bulls?

The stock market held firm last week despite threats of a government shutdown and as hope for new tax cut legislation encouraged the bulls. The economic data did not move the markets but comments by Fed Chair Janet Yellen reassured investors. The stock market looked like it was going to resume its decline Wednesday but…
Read more

Any Signs The Correction Is Over?

For the past several weeks I have been highlighting reviewing the signs that the stock market rally was weakening after the sharp rally from the July lows. By the end of July ('The Market Appears Bulletproof?') the top in the Dow Transports had been confirmed which warned of weakness in the other market averages. The…
Read more