Virtually every trader who uses charts has seen the recent symmetrical triangle forming in the major US Stock Market Indexes. Did we get a break-out buy signal today?

From the chart (and zoomed in image), it would seem that indeed we did have a triangle breakout buy signal today, but notice that it was not […]

According to a recent article by Rich Miller of Bloomberg entitled “Bernanke, Bush Fail to Build Better Economy with Cuts, Stimulus,” the recent economic stimulus may be nothing more than a short-lived, minor patch to a stumbling economy.
I wanted to highlight a few key quotes from the article for your consideration and education:
“The U.S. may […]

Let’s take a quick look at the weekly charts of key stocks or indexes to see what could happen in the weeks ahead.

First, the Dow Jones:

New Momentum Low (blue dotted arrow) hints that lower index prices are yet to come.

Non-confirmation by volume (blue solid arrow) hints that the recent higher price swing was not confirmed […]

There is so much talk regarding the US Stock Market triangle pattern, but did you know there were two recent triangles in the price of Gold?

Let’s see what happened:

The symmetrical triangle which formed through November until January broke to the upside as a continuation pattern and met its price projection target before reversing.

A new, ascending […]