There are couple ways we can look at the intermediate-term chart pattern of Alpha Natural Resources (NYSE: ANR), a coal-sector play. One is as a large cup and handle pattern, where the upmove off of the handle starting at the...
Read MoreThe stock market indices started off the month with a bang in an explosive move from the get-go that took them sharply higher all morning and reached the rally highs on the Nasdaq 100 just before noon at around 2329. The S&P...
Read MoreGold and Silver prices are circling unchanged today, but the precious metals miners are acting well. Barrick Gold Corp. (NYSE: ABX) just took out its prior high at 48.42 from Jan 28, and although there is no upside...
Read MoreThe stock market indices started off the week with an up day, and with decent technicals confirming it as well. However, volume was lighter today. The day started out with a move down that tested Friday’s low on the Nasdaq...
Read MoreKeep in mind, we’re in a bull market, thus, it’s not easy to keep the market down once the shorter time frame charts hit oversold conditions. In a bull market you rarely stay oversold for any length of time....
Read MoreDespite today’s weakness, Silver Wheaton Corp. (NYSE: SLW) continues to act well off of last week’s low at 28.85. All of the action in SLW looks like it is morphing into a rounded base-like pattern that has the...
Read MoreThat’s what we saw today as the markets finally gave in to the overbought conditions that have existed for quite some time. Throw in rioting in the streets in Cairo, Egypt, and you have the formula necessary to finally get...
Read MoreThe stock market indices managed to gain today, but they did have a quick, late sell-off at the end of the day. However, they started out with a gap up and a move to new rally highs. They backed off and retested, and then jumped...
Read MoreLet’s notice that after rallying strongly yesterday and recovering to test resistance around $88.00, crude oil prices have reversed to the downside again and have pressed to a new reaction low at $85.63. Yesterday’s...
Read MoreThe stock market indices started off today with a gap up. They pulled back and tested support, and then took off, setting new S&P 500 highs just under 1300. Nasdaq 100 exploded to a high of 2321.22, and then pulled back in...
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