Though the major trend is down for the US Dollar Index, the $78 index level reflects a possible turning point, or major inflection level if it is strong enough to stop the onslaught of sellers. Let’s take a look at the Weekly and Daily US Dollar Index structure to see this level up close.
There’s been some chatter on the recent down-turn in the Baltic Dry Index, which has been a rough leader of the S&P 500 at key turning points. Let’s take a look at the recent relationship between the two indexes and what the current BDI Index is showing.
For anyone who has been following gold prices lately, you’re probably aware of the dominant triangle pattern that is reflecting a lengthy consolidation in price. Let’s take a quick look at that pattern and what the potential upside and downside targets will be with a solid break of the pattern. The symmetrical triangle pattern began…
Let’s step back our perspective to take a look at the absolute performance of the main AMEX Sector SPDRs from the March 2009 lows to the end of August 2009. There is a shocking result!
A reader asked me to take a look at Dell Computers Inc (DELL) and I thought it had an interesting pattern certainly worth showing. Let’s take a look at the Weekly and Daily technical structure of DELL.
Though the day’s not up yet, I wanted to share a quick take on today’s “Rounded Reversal” pattern in the SPY, as it serves as a great educational example.
I’ve been mentioning over the week that the S&P 500 (and other US Stock Market Indexes) were forming dojis at their upper Bollinger Band lines on the daily charts.
I wanted to post a link to a lengthy exclusive interview with active professional trader Brian Shannon of AlphaTrends.net which was conducted by Damien Hoffman of Wall Street Cheat Sheet. In a similar style to the interview with Mike Bellafiore of SMB Capital (please read this interview if you have not done so already), Damien…
Let’s take a look at this week’s “Editor’s Picks” from the NewsFlashr Business Blog website: 1. Dr. Steenbarger of Trader Feed had two excellent and resourceful posts I wanted to highlight this week: First, “Trading Transitions – Profiting from Reversals” and Second, “Uncovering Your Trading Rules.” 2. If you ever wanted a pictorial representation of…
Adam Hewison of Market Club released a new 8-minute video update on his projections for the future of the S&P 500 over the coming months which discusses Fibonacci retracements to watch as well as price targets for the often discussed “Inverse Head and Shoulders” he sees as a potential formation. Officially entitled “Imaging Not Having…