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The rising tide lifts all boats, and that is exactly what we saw last week. Gold, silver, oil, natural gas, and stocks all put in a solid bounce last week.

The current Head and Shoulders pattern should have symmetry, if it has two left Shoulders then there should be two Right Shoulders.  The first Right shoulder came in early July and current rally may be forming a second Right Shoulder.  There is a gap between 7/1 and 7/2 near 91 and a rally to that area on lighter volume would be an ideal situation to form the second Right Shoulder and co

Welcome to “Weird Wally Wednesday” (in honor of Don Wolanchuk who first pointed this time frame out).  Weird Wally Wednesday is the Wednesday before option expiration week and on this day and the next couple of days, the market has know to do unusually moves.  Therefore expect the unexpected from today in

The technical trader looks at the market much differently than most. While many investors are confused when looking at charts which have been marked up by a technician, more experienced traders look at these charts as a map. Short term financial charts are riddles/maps allowing us to put all the pieces together creating a conclusion on how to profit in the near future.

For years silver bulls have been waiting for the fundamentals of silver to finally take hold of price and catapult it into stratosphere.  Alas the fundamentals do not provide a good timing tool for price in the short and intermediate term.  Silver is a great example of this.

Last week commodities moved higher as investors started buying into the recent pullback in prices. This is a healthy sign for the overall market. This is a quick update for gold, silver, oil and natural gas short term traders.

GLD Gold ETF Trading Chart

This is just an update on using the internal forces of the market to time new positions. In this short video we look at the internal workings of the S&P 500 index.

We will be using in this example the free technical tools to help time a position. The number one tool we will be using is the Fibonacci retracement tool which just comes in beautifully in this example.

In the past, commodity trading was only available to trader with large accounts, high risk tolerance and a good understanding of how the futures market works.

Gold has provided two excellent trades for us this year; both had less than 3% downside risk. With any luck we will have another trade soon. Gold has been forming a large reverse head and shoulder pattern since early March and currently trying to form the right shoulder.

With the S&P 500 falling to a fresh two-week low, the big question is this a correction, or the start of a major trend on the downside?

I have just finished a short video that details many of the key concerns that we have for this market. If you have not seen our videos before you may enjoy this one. This video does not require a plug-in.

Over the last couple of weeks there have been several divergences showing up.  Annual new highs new lows ($NYHL) made lower highs as well NYSE McClellan Oscillator  made lower highs as Spy made higher highs.   The NYSE McClellan Summation index did not confirm the breakout of J

We continued to see precious metals under pressure last week. The US dollar moved firmly higher on Friday which sent gold & silver plummeting lower. Oil continued to drift to new multi month highs while natural gas moved sideways.

The Gold, Silver, Oil & Nat Gas Report

With so much happening in the market, emotions flying high and from being blinded by fear and greed many investors are wondering What do I do now?

Below is an interesting chart.  The blue chart inside the SPX chart is the ratio of the Nasdaq volume compared to the NYSE volume.  When Nasdaq volume surges compared to NYSE volume then a pull back is anticipated in the S&P.   Over the last couple of days the Nasdaq Volume compared to NYSE Volume surged to a new three year high.

The charts below quickly give you a visual as to where each commodity is trading in relation to intermediate and short term support and resistance levels, chart patterns and trend lines.

Quick Over View