This morning, all of the leading energy stocks are coming under some selling pressure. Leading stocks such as Exxon Mobil Corp (NYSE:XOM), and Chevron Corp (NYSE:CVS) have been exceptionally strong as of late, therefore, a...
Read MoreYesterday, most stocks and commodities took off and rallied to the upside. The iPath Dow Jones-UBS Copper Subindex Total Return ETN (NYSEARCA:JJC) opened sharply higher and actually closed above the important daily chart 50...
Read MoreAfter some early selling, the markets have floated back to the positive side. This is not surprising as light volume plays a key role in an up market. In addition, the S&P 500 broke out of a triangular range yesterday. This...
Read MoreThis morning, all of the leading coal stocks are coming under some mild selling pressure. This sector continues to trade below the important daily chart 50 moving average, this puts the sector in a weak technical position....
Read MoreThis afternoon, the Federal Reserve Bank announced that they would be more transparent regarding their balance sheet in 2012 and beyond. The central bank also said that they would release each Federal Open Market Committee...
Read MoreThe stock market continues to rejoice in the new year. The S&P 500, Dow Jones Industrial Average and NASDAQ are all sharply higher on the day. The upside is being fueled by optimism on the global economy. This is mainly...
Read MoreThe triangle pattern broke to the upside on the S&P 500 today. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $128.21, +2.71 (+2.16%). This breakout was expected based on the bullish pattern formation seen last week....
Read MoreThe semiconductor sector is a very important group of stocks that traders should follow closely. Often the semiconductor stocks will lead most technology stocks higher and lower. Since December 19, 2011 the Semiconductor Holders...
Read MoreWTI oil has now traded above $90.00 a barrel since late October 2011. While high energy prices used to signal global economic demand and strength; it is still a direct tax on consumers. These days high oil is affected by...
Read MoreThe First Hour Is For The Day Traders Active markets are always the best markets for trading. Anyone who has ever traded these markets for a considerable amount of time knows that the first hour to ninety minutes is the best...
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