IEA Cuts Oil Outlook The International Energy Agency cut its long-term forecast for world oil demand due in part to lingering effects from the global recession as well as new policies designed to cut the use of fossil fuels.The IEA is said world oil demand may grow by just six million barrels to about 91 million barrels a day by the year 2030 if a climate deal is signed and implemented. This represents a downward revision of one million barrels a day from the agency’s forecast a year ago according to the Wall Street Journal.Consumption is forecasted to increase ...

Expectation is the root of all heartache. -William Shakespeare Recap and Set-UpAs the S&P 500 Index weakens to approach the area I'd outlined in the Bull Market Timer weekly update on October 25 let us again evaluate the market outlook. Here's the updated chart with the near-term support levels identified:Click to enlargeOver on the Buzz & Banter we've been getting increasingly concerned about the health of many sectors over the course of the past few trading days. Last week we took a look at the deteriorating internals of the following indexes:  Russell 2000 Semis  Housing Index  Bank Index  Dow ...

Well I enjoyed a 2.5 hour commute home last night courtesy of drivers rubbernecking an accident on the New Jersey Turnpike. To say I wanted to pull my hair out as we traveled at the breakneck speed of 25 miles per hour would be an understatement.Asian stocks got thumped overnight. The Hang Seng and the Nikkei were off 1.86% and 1.45% respectively. European stocks were lower early this morning too. And here in the US we’re currently trading lower.Here’s what I’m focused on this morning:RadioShack (RSH): The store that was a second home to me as a kid (since ...

The latest reading of the Restaurant Performance Index (RPI) by the National Restaurant Association sends a conflicting message.

If Darden's shares continue to trend downward, it will soon be a compelling investment opportunity.

Grades up to 103 g/t Gold, 338 g/t Silver, 3.6% Zinc and 0.9% Lead