And SCO.
This morning USO has declined below the 11/13/09 low, making a new lower low. It has also fallen below the lower parallel trend line shown on the...
TMF and TMV
I stated in the last update a strong case for a top using Elliott Wave analysis. I also stated that there was an incomplete A-B-C wave...
DUG had a somewhat choppy decline from the 10/21/09 low, which would have one conclude that the price action was corrective. However, careful...
USO has been trading sideways since 10/28/09. The price action is very choppy with overlapping waves. One thing I do want to point out is the...
I am not trading futures. I am trading ETFs. ETFs have support, resistance, and chart patterns due to the participants trading the market just as...
XLF has found itself in a critical juncture. I have given plenty of reason for a top in the last post. Now I will give the critical levels that...
USO is still struggling to get above its 233 EMA. It has actually come down from that resistance since the last update. There are reasons to...
DUG has dropped to the 78.6% Fibonacci retracement level of the move from the 10/21/09 low to the 11/3/09 high. The next couple of days will be...
You may be right. However, with all the ads on CNBC telling you it is time to buy gold and every analyst on the Financial Networks telling you...
TBT has recently found good support at the 55 EMA. It has moved above it, back below it, and now back above it. However, this last move above...
TraderSU, I am no guru, however, what I see is smart money coming into the dollar. UPP hit a low on 10/21/09 and the next five days saw a big...
GDX gapped up at the open and made a new high intraday today, however, it closed near the lows of the session. GLD had the same price action....
Plan, you may be correct. However, it is still a red flag and should put traders on alert. I am a technical trader and Gold has made higher...
We all know that Gold and Silver are both precious metals. However, you can consider Silver as an industrial metal because of its use in many...
I have also been watching the divergence between GLD and GDX. Another significant divergence is that between Gold and Silver (GLD, SLV). I...
jedwards, I do believe that GLD is near a top and that TBT is headed higher. I may disagree with your fundamental reasoning, but I agree with the...
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