Weekly Metals, Oil, Dollar and Index Price Analysis
US stock market is closed today for Martin Luther King, Jr. Day. I do not expect much price action to take place on the Canadian or futures market today.
Pre-Market Analysis Points:
– Dollar index is giving mixed signals this week. Short…
The Weekly Technical Take
Dollar index 4 hour chart is forming a bear flag. Until the lower blue support line is broken the flag will continue higher.
Crude oil has a big pop yesterday as it continues up its support trend line. It looks as though it may take a…
The Technical Traders Morning Charts
Good Morning,
Yesterday’s trading session played out exactly as posted in the morning chart update. Today will be a different story from the looks of it as the dollar index looks to be putting in a bottom and that has the SP500 down 0.40%…
Gold, Miners and SP500 Trends & Trading Signals
Gold and gold miner stocks have underperformed in 2012 disappointing most traders. That being said it has traded in a large sideways range since September 2011 and remains stuck in this range as of this week. Investments trading sideways are…
The Fiscal Pop-N-Drop for Equities – Look Out
Today's gap higher in stocks has many investors feeling really good about but will this rally last?
My to the point answer is "Yes" but there will be some bumps and navigating positions along the way.
Looking at the charts below you will…
Copper ETFs and Copper Stocks About To Move Big
With 2012 now behind us it's time to start looking for some new long term investments which have big potential gains in the new year. Copper is one metal that has caught my eye.
The long term monthly chart of the copper ETF JJC shows a potential…