Silver Wheaton (SLW) plunged beneath yesterday’s low at 43.38 to 43.19 this morning, but did not follow through to the downside. Instead, it has pivoted to the upside into a strong rally to 44.73 so far. This is powerful...
Read MoreThe stock market indices had another upday today, although they started out with a gap-up, then pulled back to test support at the intraday moving averages. That held, and then they took to new rally highs, and by mid-day...
Read MoreThe Semiconductor HOLDRs (SMH) is acting “very technical” today, as the price structure gapped up, thrusting out of a near-term, base-like pattern. My near-term work argues that the SMH ended a significant correction...
Read MoreThe stock market indices snapped right back today. Even though they opened the day lower and tested key support down around 2235 NDX and 1284 S&P 500, they then rallied sharply off those levels for the rest of the day. Only...
Read MoreYesterday we saw an up trend inside candle stick that usually portends a continuation of the previous pattern from the past few days. We had been up for a few days in a row. Then we saw a very light volume candle stick that...
Read MoreLet’s notice that Freeport McMoran Copper & Gold (FCX) has accelerated above key near-term resistance at 53.20/40 and has followed through so far to 54.00. This looks to me like a strong upside breakout from a...
Read MoreThe stock market indices did a reversal today. They were down slightly, but it was a kind of sleepy, slow session, basically a continuation of yesterday’s afternoon pullback, where the indices drifted lower in an orderly...
Read MoreThe week started off with a bang. The stock market indices had big up-gaps at the opening, ran hard in the morning, reached their sessions highs by about 11:00, and drifted down into early afternoon. They bounced in...
Read MoreA great day for the market today as very good news out of Libya sent the futures rocking higher. Democracy is close at hand. The way it should be, of course. Equal rights for everyone. Autocratic rule about to be replaced, and...
Read MoreOnce again, let’s notice that the Market Vectors Coal ETF (KOL) is bumping up against its key near-term resistance line, now at 49.11, which so far has thwarted the upmove off of the most recent pivot low at 45.17. That...
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