The rising price of crude oil to date has had a somewhat limited affect on the economy ( so far) but my overall analysis of the crude oil chart says to me that there is still plenty of bullish potential for the intermediate and longer term time frames. Certainly it seems somewhat odd that the … Read more
The S & P 500 will break to new all time highs. I have no doubt in my mind as of June 20th 2005 that the S&P 500 will eventually break out to new all time highs and likely head for a test of the next swing point of May 22nd 2001. We saw very … Read more
Option Trading in Merck? I have been watching Merck (MRK) since yesterday. As you probably already know, Merck stock had a massive sell off in October 2004 related to the recall of one its blockbuster drugs. Since that time the stock has been undergoing somewhat of a consolidation from that huge volume washout. It is … Read more
Here are a couple of charts on the 30 year T Bond Futures. Steven J Williams who graciously allowed me to repost his ‘ Is a US Bond Crash Coming ‘ article makes a compelling case that we may eventually see a US T Bond Crash, maybe in 2005? At the Brink of a Break … Read more
A reasonably good case can be made that Gold Futures are at a major juncture here. I made a few points that supported this possibility in a previous post. Perhaps relying on the monthly MACD is somewhat simplistic. But you would be surprised how accurate this one simple indicator can be in picking major tops … Read more
I am very pleased how this before and after category entry worked out here at the stock and commodity trading forum. When I opened this one up a few days ago I knew it had some potential and am glad that some things can be learned from this case. In many, perhaps most cases, it … Read more
The US dollar appears to be set up for a more extended upwards rally after bouncing for the third time from 14 year support. Over time the dollar trades inversely to gold so the chart set up in the US Dollar index is no big surprise here given yesterday’s analysis of gold futures. Fed Defends … Read more
I have already given Drd Gold mention a couple of times on here, so I thought why not put Drd Gold into the before and after category for the fun of it on a near term basis analysis. Maybe there could be a lot to be learned from this one. We shall see. Part of … Read more
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. … Read more
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 … Read more