As mentioned previously, Gold prices broke out of a triangle consolidation pattern and now appear headed to their price projection target of $1000 per ounce. Let’s see how this is possible. First, gold prices have clearly entered a ... Go to Full Article

It is such a useful concept when it comes to trading in the markets isn't it? I can remember a reading a quote about how insider trading and market manipulation used to run rampant through our markets, but thankfully it is largely a ... Go to Full Article

The main theme for this week continues to be playing defense -- continued strength in the inverse index ETF's and gold. Market sentiment has deteriorated further, and there is, of yet, no good signal of a bottom. ... Go to Full Article

In what has been billed the third-largest bank failure on record, IndyMac Bank has been taken over by federal regulators. According to a weekend Wall St. Journal story, the bank's collapse will cost the Federal Deposit Insurance Corp. ... Go to Full Article

I recently pointed out how the Dow Jones Industrial Average ($DJI) is down about 23% over the last decade on a real (inflation-adjusted) basis. Here we see the Dow adjusted for changes in the value of the dollar via the US Dollar Index. ... Go to Full Article

We all know that the way to make money in a bull market is to buy dips. And, indeed, that made traders and investors quite a bit of money from 2003 to mid-2007. As this three-year chart from the excellent Decision Point site makes clear ... Go to Full Article

It was wild action on stock markets this week. But I have to say that I feel that US markets want to pause in declines. I have noticed several signs during this week which point me to this idea. I noticed that SP500 and Nasdaq are not ... Go to Full Article

Don't tell RBN that the market has been in a downtrend. Beautiful earnings breakout play. I entered today with a small position and will likely enter again on a pullback to the breakout point ($45-46). Go to Full Article

Friday’s action was important, in that breadth declined to new lows for the year, which certainly isn’t good news for the bullish camp. Let’s look at a few charts and different perspectives on what this might mean. ... Go to Full Article

We all know that the way to make money in a bull market is to buy dips. And, indeed, that made traders and investors quite a bit of money from 2003 to mid-2007. As this chart from the excellent Decision Point site makes clear, however, ... Go to Full Article

Friday’s intraday action in the major US Indexes was nothing shy of stellar, given all the potential economic turbulence that set-up during the day. Let’s look at the DIA - Dow Jones ETF 5-minute chart: ... Go to Full Article

Another rough week for the market. With war drums beating for Iran, new highs in oil, and fears over upcoming bank and financial failures, you don't have to look very far to understand why the market still remains under pressure. ... Go to Full Article

I counted my books on options and technical analysis this PM – I have 37 of them (ranging from classics to a whole bunch of new ones). I can honestly say, after finishing your book this PM, it is by far the best book I own. ... Go to Full Article

Chart courtesy of stockcharts ( click to enlarge ). KLAC - This weeks price action suggests that we have some kind a bottom around $35. Currently the stock is trading in a basic technical analysis pattern known as the “downtrend ... Go to Full Article

With the GSEs falling like a stone and further selling among such financial shares as LEH, it made sense that today's market would be in the toilet. While the S&P 500 Index (top chart) was making fresh lows for the week, however, ... Go to Full Article