Stocks Continue To Make New Highs
on Nov 16, 2009 in technical analysis Stocks moved higher today with the Dow, S&P and NASDAQ all making new highs for the year. In the above chart of the Dow Jones Industrials you'll notice that the previous rallies were 665 and 689 points. Now we are seeing a rally of more than 700...

Crude Oil - Update
on Nov 12, 2009Above is a daily chart of the ETF for crude oil symbol USO. You'll notice that USO has gotten to the top of its rising channel and is now beginning to roll over. The MACD is clearly in sell mode and we are starting to see volume increase on the down...

Have Stocks Turned The Corner?
on Nov 12, 2009 in technical analysis On Wednesday we saw all 3 major indices break to a new swing high with the Dow Jones Industrials being the strongest of the three. When we take a closer look at what is really going on, I think you might agree with me that yesterday's breakout to new...

Watch The U.S. Dollar
on Nov 12, 2009 in Forex Above is a daily chart of the U.S. Dollar and in the lower pane is the RSI indicator. Notice we are seeing multiple bullish divergences in the oscillator. On its own a divergence it simply a red flag or warning which is why I never trade off of just...

The Fear Of Missing Out
on Nov 7, 2009One common problem that I think many traders have is the fear of missing out. I know this is a problem because this is something that I myself have learned to deal with over the years and even now I still jump the gun because I fear that I will miss...

Gold Futures Make All Time New Highs
on Nov 3, 2009 in gold Even though the dollar was up today, gold surged higher based on news that the Reserve Bank of India bought 200 tons of gold from the IMF for $6.7 billion. Today gold made a new record high but silver has yet to break high.

Crude Oil Update
on Nov 2, 2009 in crude oil A few of you have been writing in asking me what my opinion is on crude oil so I decided to make this post so that you can see exactly what I am thinking (if that means anything to anyone).Above is a daily chart of USO which is the ETF for crude oil.

Forex - Has The Euro Put In A Top?
on Oct 30, 2009 in Forex Above is a daily chart of the ETF for the Euro, symbol FXE. Last week when the Euro pushed up to new highs there was a MACD bearish divergence that developed. Now it appears that a major trendline is about to be broken. In my opinion if this currency...

Stocks Close The Week On Their Low
on Oct 30, 2009 in technical analysis The stock market had a rough week with the S&P down 4.18% from last Friday's close and closing the month at a loss. In the above chart you'll notice the increase in volume. This is the largest weekly volume we've seen in 22 weeks. The major trend...

Has The U.S. Dollar Bottomed?
on Oct 28, 2009 in Forex currency I'm keeping an eye on the U.S. Dollar because I see some interesting technical signals coming into play. Notice in the above chart that there is a MACD bullish divergence that took place last week when the dollar made new lows. There is also a very i...