Tag: chart analysis
Is The Russell 2000 Index Targeting New Highs?
The Russell 2000 Index (RUT) has received some attention lately as it is still beneath its April highs. However, from a technical perspective the Russell...
Chart Of The Day: German DAX Bounces Off Key Trend Line
Over the last two weeks, the German DAXÂ stock market index has tested and held its uptrend line from last October. Holding this trend line...
US Corn Weekly Review: Traders Cautious On Yields Outlook
Monday’s Crop Progress report showed the US corn crop now 85% planted as of May 17th versus 71% last year and the 5-year average of...
Trader Radar: Crude Oil Prices Fall As Dollar Reverses Higher
It's been a heck of a week for The USÂ Dollar Index. After closing last week at new three month lows around 93 and change,...
S&P 500 Hits Major Fibonacci Milestone; Market Looks Tired
Technicians and those technically inclined have waited with abated breath to see if the S&P 500 large cap index would hit 2138. That price...
Historic Rally In Crude Oil Prices Set Up By Bullish Wick
Just two months ago, the 2-month rolling return for Crude Oil prices was -40% (see point (1) in chart below). At that time, Crude...
S&P 500 Chart: Price Compresses As Traders Await Next Move
As many momentum, directional and trend traders will attest, the past several months have been pure chop. Despite the new all-time-highs for the S&P...
Silver Price Targets For Current Corrective Wave Higher
Silver prices have gotten a boost lately so I think it's time to provide an update on what the charts are saying. But today...
Can The Biotech Sector (IBB) Regain Its Swagger?
The once left for dead Biotech Sector has re-awakened. The group is experiencing some of the same ‘this is it, it’s over’ sentiment that...
The Rotation Report: Market Breakout Or Fakeout Coming?
It's amazing to watch the stock market maintain a bid off throughout recession-like economic data. No matter how you read the economic data, track it,...
