The expected “Santa Rally” has not gained much traction in the overall markets as anticipated. The stock market is winding down in volatility for the end of the year and is setting up for a potential larger breakout.

Observe the ‘triangulation action’ in the market, as evidenced by the converging trendlines that form a semi-triangle.
The […]

Yahoo (YHOO) on its 15-minute chart recently completed three clear technical chart patterns worth studying further.
Let’s look and then I’ll describe them:
Price was selling off into a downtrend, but a momentum divergence (bottom oscillator) formed with price selling off but momentum turning higher.  The potential for a short-term reversal increased.
Price did indeed reverse and formed […]

2007 will partially be known as the “Year of the Commodity Boom” due to the fact that some major commodity prices, including crude oil, hit new all-time highs and provided savvy traders with numerous opportunities for profit.
Let’s look at some of them in no particular order:
Corn (continuous):

Wheat (continuous):

Gold (continuous):

Crude Oil (continuous):

Not everything was amazing in […]