Silver in the pre-market today climbed to new bull market highs at $34.52, while gold prices popped above a key 11-week resistance line off of its Dec 7 high at $1,431.70. This bodes well for higher prices that propel gold...
Read MoreThe stock market indices started the day with a gap up and ran to session highs early on, but then sold off into the early afternoon, reaching key support, and then bouncing on the S&P 500 near 1320. A late rally brought the...
Read More2808 Nasdaq is a huge gap down created a week or so ago off the top. We got within ten points today (2798) before a strong reversal lower took place. Small caps did the majority of the selling. The Nasdaq stocks as well as the...
Read MoreThe time of truth for Amgen (AMGN) in the aftermath of its vertical decline from the Jan 25 high at 58.19 to its Feb 24 low at 50.61. Let’s notice that on the enclosed weekly chart that last week’s violation of a...
Read MoreThe stock market indices ended the week with another sharp gain and a nice follow-up to yesterday’s rally. The day started out with a gap up and a strong run to resistance. The indices then backed off, held successfully,...
Read MoreIt found a way to get back through the 20-day exponential moving average. The Nasdaq tested down two times yesterday below the key 50-day exponential moving average, but closed above while showing a positive divergence on the...
Read MoreAlthough crude is circling unchanged today, BP plc (NYSE: BP) acts well technically. The stock continues to carve out a series of higher lows off its recent February upleg rally peak at 48.28. The most recent pullback lows at...
Read MoreResearch in Motion (RIMM) exhibits relative strength today despite overall market weakness. Let’s take a fresh look at its big picture chart pattern. From a relatively near-term pattern perspective, RIMM hurdled key...
Read MoreThe stock market indices started the day with a little bit of a bounce to the upside, and then rolled over immediately. At that point they spent the rest of the morning dropping. By midday they reached their session lows, and in...
Read MoreMarkets tend to catch the masses off guard. It’s an old story with the stock market. The bull-bear spread has stayed quite high, and actually increasing in the number of bulls, and decreasing in the number of bears over...
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