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This is just a brief post and mini follow up on the S&P 500. In a previous post I had mentioned that the S P 500 was creating what appears to be a rising wedge pattern.
Today it looks like we broke down out of this pattern with fairly heavy volume of 1.65 billion shares. Prices […]

I have been thinking about writing this sort of article for a long time. Basically what I want to do is essentially a brain dump of what I believe to be the top 10 mistakes traders make. Surely there are much more than just 10, but for now I am going to seed this post […]

I first mentioned NGAS on February 10th, and then on February 25th. Since February 10th, NGAS has appreciated about 23%. The overall chart on a long term as well as short term time frame still has promise. When I first mentioned this stock I made the statement that symmetrical triangle stock chart patterns are not […]

The dollar/rand chart appears to be close to a major trend change based on the monthly MACD oscillator. The monthly time frame of this indicator is usually a superb indication of major trend change. The South African Rand has been very strong in recent years and the SA miners have suffered because of it. Many […]

Palladium is not a metal you hear about every day, so why bother even thinking about it? I will tell you why, because the palladium price chart from a risk reward perspective is starting to look pretty damn good…
Commodity Palladium does key retest of 23 year long support level
In technical analysis, long term support or […]

I am sure you have heard of Fannie Mae. But did you also know that Fannie Mae stock has completed a major topping pattern known as a head and shoulders top? Well it has and it could be the beginning of a long drawn out decline in this security.
Fannie Mae stock forms major 7 […]

The S P 500 is creating what appears to be a rising wedge consolidation pattern. The technical analysis pattern referred to as a ‘rising wedge’ is not necessarily a major topping pattern. It is usually more of a consolidation type pattern or pause before moving higher.
S P 500 index rally getting tired?
As you probably already […]

USTT stock breaks out and starts consolidation
This is the ‘After’ part of my ‘Before and After’ feature on USTT. As it turns out USTT did move out of the ascending triangle pattern and it also did so with sufficient volume to make it a valid breakout.
USTT moves 37% from ‘Steam Kettle Pattern’
Everything about the stock […]

Natural Gas to follow crude oil?
I have been studying the natural gas future price chart because of my previous mention of a natural gas stock with symbol NGAS. The stock was mentioned here and here. The price of natural gas has been slowly trickling upwards although it has not done a retest of its late […]

Brief Crude Oil Update
The Crude Oil story is really starting to get a lot of attention from the media, and all of this is occurring at the same time crude oil is right at the 55 retest level combined with a very overbought RSI level near 80. That combination of factors usually means some sort […]