Potash (POT) is a stock I like to follow, mainly because it received so much attention as it rallied non-stop (almost) from 2006 at $30 per share to the mid-October 2008 peak of $240. The stock is well-beneath these lows now, but it looked like the stock was coming back to life.
The recent downswing last Thursday and Friday brought that into question. Let’s take a look at Potash’s weekly and daily chart and note key levels to watch going forward.
With a major trend shift potentially occurring in both the US Dollar Index and the Euro Index – both inversely correlated – let’s take a look at both of these currency indexes and observe their multi-month positive momentum divergences along with a likely Elliott Wave count.
Today’s article for the “Technician’s Edge” column at the GreenFaucet.com website takes a quick look at key levels to watch in leading stocks Google (GOOG), Apple (AAPL), and Exxon-Mobil (XOM).
I examined Google’s critical level at $600 recently in my post: “Like S&P 500, Google is at a Make or Break Resistance Level.” The analysis remains unchanged as we remain under $600 per share.
In following up on last night’s post on the “Gann Fan and Volume Update on the S&P 500,” I wanted to show a quick updated “Gann Fan” Grid of the S&P 500 – it’s also showing a critical level to watch at the 1,120 level which is – as we all know – a major inflection point in the market. Let’s take a look.
I wanted to show the current “Gann Squares” lines as a reference on the S&P 500, and also take a look at the declining volume bars on the daily chart. Consider this one of my “Chart Art” posts, though these Gann Lines have been important at certain levels on the rally higher.
Adam has been working overtime! This morning, Adam Hewison sent out three brief video updates on the current trend and quick analysis of the US Dollar Index, Crude Oil, and Gold. I wanted to provide the quick links to the videos for your convenience. Adam’s analysis often focuses on the basics of trends, trend reversals,…
I just read an excellent interview with SMB Capital partner Mike Bellafiore entitled “The Transaction Tax Will Destroy Small Businesses,” conducted by Damien Hoffman of Wall Street Cheat Sheet and I wanted to call your attention to this important interview. Mike pulls no punches in explaining how detrimental this “small” tax would be on most…
With 2009 coming into a swift close, and price forming the tightest consolidation of the year, let’s take a look at the entirety of 2009 so far and pay special attention to Volume and Volatility in the S&P 500.
In yesterday’s broad market post, I highlighted that the key US Stock Market Indexs were poised at critical ‘make or break’ resistance levels. It’s no surprise that certain stocks are showing similar “Make or Break” resistance boundaries.
Let’s take a quick look at Google’s Weekly Chart to see how Google is coming into a key inflection point at $600 per share – and a resolution up or down should clue us in to the next likely move which would likely confirm that which was happening or expected in the broader markets.
When looking at the daily S&P 500, I had to scratch my head and ask myself, “Are we getting ready for yet another power-move up that begins as a result of another Short-Squeeze?” Let’s see what I mean.