A buddy of mine sent me this link a while back which has real time free futures charts. This is a great way to keep track of the SPX500 futures on Sunday night or in the early morning before the regular market open. I think a lot of people rely on CNBC or other major … Read more
That is not my forecast. I believe it is the forecast of David Bensimon with Polar Pacific Capital. Apparently he has made some great calls on the market, gold and other commodities such as crude oil. I am not quite sure of his method but it appears to involve the use of Fibonacci and time … Read more
In case you have not seen it before, here again is the Gold price 34 year seasonal price chart. A very timely chart right now as we are into the first week of August. Sometimes it is easy to forget that the gold price can move very fast seemingly out of nowhere. September is really … Read more
A while back I did a very bearish sounding post on the spot gold price. My main points for making the longer term bearish case were based on a weekly bearish divergence, a break of the long term uptrendline and at least the potential of a monthly MACD bearish cross down the road. Looking at … Read more
One of the problems with rising wedges is that they can sometimes fail just like any other technical analysis pattern. I have been thinking about the rising wedge I just discussed in the post previous to this one and it occurred to me that rising wedges are probably more reliable after they form from a … Read more
The SPDR S&P 500 ETF today so far at the trading day mid point is decline on what I consider to be very heavy volume for a Friday and also in early August. By 12:45 PM eastern time volume looks to be close to 140 million on the SPY. If we double that we come … Read more
I remember when Plug Power Inc first went public and everyone thought they were going to change the world with distributed energy generation powered by hydrogen. The concept was to have your own little portable hydrogen power unit that you use to power your home and keep the lights on. The stock shot up to … Read more
I just finished plotting the monthly spot uranium price back to 1/1/1998 and I have to tell you the chart of the spot uranium price is probably one of the most fascinating charts I have ever seen in my life. It is more fascinating to me than the 1970s chart of the gold price because … Read more
A comment poster recently asked me if I felt PCLN Priceline.com Incorporated was a good short candidate or whether Apple Inc had a better setup. Before I even begin I should say that my first thought from a trading strategy standpoint was that it is probably not a good idea to short either of these … Read more
This market is bouncing up and down so much lately that I am starting wonder what is the longest time period that I will maintain a consistent market stance, either bullish or bearish. I have been talking bullish lately on the intermediate term time frames, but looking at the near term daily chart today has … Read more