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...

Home Builders Break Through Support
on Oct 28, 2009 in technical analysis A few days ago I posted about the bearish divergence I was seeing in the homebuilders index and that it could spell trouble for the market. Well today we are seeing the homebuilders along with the banks break through support. You can read that origin...

Small Cap Index Confirms Double Top
on Oct 28, 2009 in technical analysis Yesterday I wrote about the weakness I was seeing in the small cap stocks and today we saw these stocks lead the stock market lower. The Russell 2000 index ($RUT) was down 3.51% today and was clearly the weakest when compared to the Dow, S&P and...

Stock Indices Close Below Their 50 Day Moving Averages
on Oct 28, 2009 in technical analysis If you've been reading my blog over the past few days you would know that I've been leaning towards the bearish side of the market. Just to summarize what I was seeing that made me become cautious/bearish was the weakness in the homebuilders, banks a...

Support Holds In The Bonds (TLT)
on Oct 28, 2009 in bonds On October 15th, I posted about a very significant level I was watching in the bond market for TLT. If you recall I was focused on the 93.50 area which I considered to be a major support zone and as you can see in the above chart the bond market has...