TBT gapped up at the open today and it broke the previous high. TBT has made it to the 233 EMA and we will have to wait and see how strong the...
USO has retested the up slopping trend line and seems to have found good resistance because it firmly repelled the price. The price also made its...
OIH has completed another five waves down to the 12/8/09 low. It has since bounced back up to the resistance level of 121. Whether or not the...
This is what I said in the last update, âI have labeled the Elliott Wave count for TBT correction from the 11/6/09 high as a double zig-zag. If...
There is much to say about the EMAs for USO. We have already seen how resistant the 233 EMA has been and now it is again starting to decline....
Sorry! I posted the price levels for PST before I corrected it.
ZSL appears to have completed an Elliott Wave impulsive 5 waves up today. If that is the case, look for a retracement to the 4.10 to 4.30 area....
TBT appears to have completed an Elliott Wave impulsive 5 waves up. If that is the case, look for a retracement to the 46.09 to 47.23 area. The...
You are right that it is oversold short term and is due for a bounce. It may be today or it may be some day next week. When it does, I do expect a...
USO fell hard today even though the US Dollar did not close up for the day. The price has found the up slopping trend line today and may cause a...
GLD has given back the gains made in 10 trading days in one trading day. Fridayââ¬â¢s drop was brutal for gold. You have to remember that...
Sorry about the links. It want happen anymore. Appreciate the comments.
The price moved higher just as expected, however, it headed down sooner and harder that I expected. Besides a key reversal day, it painted a...
XLF has done nothing but move sideways since September. I have stated in previous post that I believe a corrective top is complete and I continue...
PST has bounced up for the last two days from the recent low. I will not call it a bottom just yet. The reason why that is, there is not a...
UNG made a lower low today. Big deal! It has been making lower lows for over a year. This one is a little different from the lower lows over...
USO has been trading sideways since 10/28/09 with a downward bias. One thing I wrote in the 11/17/09 post, which I want to continue keeping in...
That is exactly what I am talking about. They knew exactly when to announce the news. Could you imagine the carnage in the world markets if they...
What do you think about the timing of the release of the Dubai news? It was no consequence the news release was on a day that the U.S. market was...
Kenny, I agree. However, I trade ETFs and I do not trade the dollar. In saying that, I do believe the dollar is about to move higher and of...
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