Oil broke the March high 106.95 last Friday. The short-term uptrend move could carry the price higher to the 119.3-120 area. While the Fed leaves the QE programer unchanged, the price of oil has to move with the value of US$....
Read MoreLast Friday Gold dropped 20 points in the early morning, but quickly moved back up for a small loss at closing. It indicates the bulls are unwilling to give up. The Gold ETF (GLD) is forming an ascending triangle pattern (see...
Read MoreES made a positive move for the first day of April. Traders switched their attention from external circumstances to internal market considerations. The good employment report prompted buyers to come back into our market. Now we...
Read MoreThe S&P 500 cash index (SPX) closed at 1332.41 on Friday, net weekly gain 18.61 points, up about 1.42%. Even though March was flat, the first quarter of 2011 had an impressive gain. This is the first week of the second...
Read MoreEURO/USD made a high around 1.4229 last week to retest its previous yearly high area. Even though the price didn’t exceed 1.4275 the previous high level, the upside momentum was triggered. The price may carry further to...
Read MoreAfter the long bond TLT hit its previous wave 4 high in the area of 94.94, the price started to pull back. At the same time, it also confirmed that the 88.14 low is currently the short-term bottom. So far TLT only made...
Read MoreOil price paused around the previous top to make a kind of waiting move. The price is waiting for the Libya situation and other disturbances to become clearer. The Oil price has set up its range from 95 to105. As long as the...
Read MoreGold ETF (GLD) price found it hard to close above 140 level, which is a big major resistance area. This area was not only the previous year’s triple top zone area, but also it is the current triple top resistance zone. The...
Read MoreES breached its H&S pattern by moving past the predicted right shoulder top around 1296.50, and created a short squeeze (or stop run). The price managed to push up to 1314.50 to close the March 9 gap around 1310.25. We said...
Read MoreThe S&P 500 cash index (SPX) closed at 1313.80 on Friday, net weekly gain 39.55 points, up about 3.1%. A great bounce even though the market still had lots of uncertain things going on. This week is the end of March and the...
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