December 01, 2008

Gold Outperforming Crude By Wide Margin -- Donald W. Pendergast, Jr.

Though each of these inflation-sensitive commodities has fallen from their respective highs, gold is outperforming crude oil by a wide margin....(more)

Archer Daniels Midland: Momentum Vs. Resistance -- Donald W. Pendergast, Jr.

Will strong overhead Fibonacci resistance turn ADM back down, or will the power of an established trend power right on through the barrier?...(more)

The DJIA's Divergence And Descending Triangle -- Ron Walker

The DJIA's descending triangle may turn sour if the bulls continue to thrust prices higher above key areas of resistance. However, prices could be extending their pullback....(more)

November 26, 2008

Financial Select Sector Completing Final Leg Down -- Alan R. Northam

XLF has now completed all the Elliott wave rules and guidelines for the completion of the ABC zigzag market correction. The financial market could be on the cusp of a new bull market.
...(more)

Commodity Update -- James Kupfer

Are commodities finally a buy?...(more)

Enerplus Resources Fund: Three Chances to Gain, Modest Risk -- Donald W. Pendergast, Jr.

For those still bullish on the North American oil and gas sector, Enerplus offers a chance to profit in three ways....(more)

Torrential Toronto TSX300 Index Troubles -- Koos van der Merwe

How long till the bottom?...(more)

November 25, 2008

Technically Challenged Cameco Yields Option Opportunity -- Donald W. Pendergast, Jr.

After an 80% plunge in five months, Cameco's inflated option premiums may offer creative profit opportunities for traders and investors....(more)

Royal Gold Outperforming Its Peers -- Donald W. Pendergast, Jr.

Gold is back, screaming upward in the wake of even more government bailouts, which many believe will lead to much higher inflation in the years to come. Royal Gold is the leader of the pack in the gol...(more)

November 24, 2008

KEG, IEZ Displaying Conflicting Signals -- Donald W. Pendergast, Jr.

Fakeout or breakout? Even though the broad market is crumbling (again), at least one stock in the Oil Services industry group along with its parent exchange traded fund (ETF), IEZ, are suggesting that...(more)

Another Rectangle Break For Texas Industries -- Arthur Hill

Texas Industries broke rectangle support for the second time in six months, signaling yet another continuation of the long-term downtrend....(more)

November 21, 2008

Southern Copper: High Implied Volatility Offers Opportunity -- Donald W. Pendergast, Jr.

Despite a 75% drop since October 2008, industrious traders can still find potential for gains in Southern Copper....(more)

Has The NASDAQ Bull Taken Over? -- Koos van der Merwe

Last week, I wrote that I believed the Dow Jones Industrial Average had bottomed, and that the bull has taken over from the bear. This week, I see no reason to change my tune....(more)

Natural Gas: One ETF Bucks Market Selloff -- Donald W. Pendergast, Jr.

Based on chart action and COT figures, the smart money appears to be accumulating natural gas....(more)

Silver Standard Resources Flag Breakdown -- Alan R. Northam

The flag formation for SSRI has failed and signals that the SSRI will continue to trade lower in the short term. However, the short-term upward trend for SSRI should resume once this correction is com...(more)

November 20, 2008

Two Currencies, Two Trends -- Donald W. Pendergast, Jr.

The trend is your friend — until it ends, anyway. The yen may be ready to soar to new heights, even as the Canadian dollar struggles to find a floor....(more)

Further Downside Risks Lurk Over The DJIA -- Ron Walker

The intraday charts could be suggesting that there is further downside risk for the DJIA. The one- and 15-minute time frames have now gotten a lower high and lower low. There is still hope for the bul...(more)

Halliburton Hugs Support -- Arthur Hill

With Halliburton locked in a tight trading range near support, a breakdown would confirm a descending triangle, while a breakup would argue for a retracement rally....(more)

Out-of-Place Patterns For JP Morgan Chase -- Arthur Hill

JP Morgan formed a big broadening formation as part of a downtrend last year and has a bearish head & shoulders working over the last five months....(more)

November 19, 2008

The British Pound: Is The Smart Money Accumulating? -- Donald W. Pendergast, Jr.

After tracing out a distinct five-wave pattern of reasonable proportion, price-momentum divergences suggest that the British pound may be due for a reversal....(more)

Scott's Miracle-Gro Out Of Pep? -- James Kupfer

Scott's Miracle-Gro stock is facing a number of technical hurdles and may be in a good place to sell or short....(more)

Is The Market Building A Bottom? -- Matt Blackman

One good overall measure of the market is the Vanguard Total Market ETF. What is it telling us about the market?...(more)

Is China Set To Bounce? -- Matt Blackman

China and India still enjoy respectable growth rates even as their industrialized counterparts in the US and Europe enter recession. Is now the time to jump across the bamboo curtain?...(more)

November 18, 2008

Silver Standard Resources Bouncing Off Support -- Alan R. Northam

SSRI is bouncing off a long-term support zone and is entering into a corrective rally that could see silver move up to $21.00 per ounce before the selloff resumes.
...(more)

Travelers Travels Higher -- Arthur Hill

Travelers is bucking the trend in financials by holding well above its October lows, and a consolidation breakout would open the door to higher prices....(more)

Finding Buys In A Bear Market -- Mike Carr, CMT

As markets continue to plummet and volatility increases, stocks in tight trading ranges can offer safety and potential upside....(more)

Gold Still Golden -- James Kupfer

Gold still appears to be in an intermediate-term position for buying. The channel helps determine the future price target....(more)

November 17, 2008

Is This The Bottom For The NYSE Composite? -- Donald W. Pendergast, Jr.

After making a new low today, the NYSE Composite index staged a major turnaround. But is this truly the end of the major downtrend that began a year ago?...(more)

The Dow And A Key Reversal -- Koos van der Merwe

On November 13, the Dow Jones Industrial Average started the day by testing the low of October 10. It then reversed upward, strongly forming a key reversal. Does this signify the completion of wave C?...(more)

The Computer Technology Index Still Bearish -- Chaitali Mohile

After the descending triangle breakout, the Computer Technology Index is undergoing bearish consolidation....(more)

November 14, 2008

The DJIA's Test Of Support -- Ron Walker

The intraday charts magnify the short-term tug-of-wars between the bulls and the bears that causes day-to-day price fluctuations. The intraday charts provide a swing trader a wealth of information, su...(more)

Ralcorp Bucks The Bears -- Arthur Hill

The pickings are slim during a bear market, but Ralcorp is bucking the bear with relative strength and a bullish engulfing on high volume....(more)

QQQQ Engulfing Pattern -- James Kupfer

Along with all the major US market averages, the NASDAQ tracking stock QQQQ has formed a bullish engulfing candlestick pattern....(more)

November 13, 2008

Natural Gas, Equities Nearing Major Support -- Donald W. Pendergast, Jr.

Although the stocks in the natural gas industry group have fallen sharply, they, along with natural gas futures, may be near critical support....(more)

Malaysia iShares Retrace To 2006 Low -- Chaitali Mohile

After the breakout of head & shoulders top reversal pattern, Malaysia iShares has retraced to its 2006 low....(more)

Covered Call Opportunity In Freeport-McMoran -- Donald W. Pendergast, Jr.

Covered call strategies aren't glamorous, but if you're patient and choose your strikes wisely, a low-risk methodology can be within reach of the average trader....(more)

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