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Author: Richard Hefter

Meaningful Base for Treasuries

Let’s take an updated look at the bond market via the iShares Barclays 20+ Year Treas Bond ETF (NYSE: TLT). After all of the fireworks from Wed’s ADP forecast for additions to payrolls of nearly 300,000 into this...

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Final Downleg for DUG?

The enclosed hourly chart on the Proshares Ultrashort Oil & Gas ETF (NYSE: DUG) represents what I think is the final downleg of the larger bear phase from the July 2010 high at 78.27 to the Jan 3 low of 36.47. If 36.47...

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Bullish Formation for Amgen

My longer-term work on Amgen (AMGN) argues very strongly that the massive coil formation that has been carved out since the March 2008 low at 39.16 is morphing into a major base-like pattern that has the set-up and the potential...

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Triple Peak Pressuring GLD

The big picture that is evolving in the SPDR Gold Shares (NYSE: GLD) shows that yesterday’s high at 139.00 represented the third failed attempt to hurdle and sustain above 139.00 during the past eight weeks. Today’s...

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Market Gaps Up Out of 2011 Gate

Happy New Year!  The stock market indices started out the year with a bang with a big gap up, ran sharply higher in the morning, reached their highs just before noon at around the 2268 area on the Nasdaq 100 and the 1276...

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Upside Headway for BBY

The near term base-like pattern that has developed in Best Buy (BBY) since its earnings-related plunge into the Dec 21 low at 33.40 is starting to make some headway on the upside. After holding near-term support at 34.00 last...

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