Why This Commodities Bust Could Test Investor Patience

Commodities continues to be a hot topic. And there are several reasons for this. Here are five that come to mind: Crude Oil continues to fish for a bottom. Gold prices have languished ever since peaking back in 2011. Interest rates and the inflation/deflation debate continue to rage. Commodities striking divergence from US Equities. And of course, the soaring US Dollar. Commodities sure have a way of touching all of

Apple Stock (AAPL) Watch: Key Price Levels For Investors

It’s no surprise that Apple stock plays such a big role in day to day stock market moves as it carries an over-sized market cap tag in the S&P 500, Nasdaq, and Dow Jones Industrial Average. So even if you don’t invest or trade Apple (AAPL) stock, it’s still a good idea to know what this tech beast is doing. Back in early February, I did some research on Apple’s bullish continuation patterns during

Precious Metals Report Card: Silver Prices In The Spotlight

Precious metals have garnered a lot of attention lately, with both gold and silver taking the spotlight. In this post, we’ll dig into silver prices to see what’s happening and what may be in store. We’ll also look back at previous articles I wrote on silver and whether or not our projected target(s) have been met. Be sure to also read my recent companion article on Gold. Looking back over

Dow Jones Industrials Testing Confluence Of Price Resistance

Sometimes stepping back the day to day price movements can help us get a better perspective on the markets. When we look at a chart of the Dow Jones Industrial Average from 1920 to present, we can see each of the bull and bear market cycles. But we can also see some longer term support and resistance trend lines. And right now, the Dow Jones is bumping up against a long-term resistance

Precious Metals Report Card: Gold Futures Near Key Level

Wow, it seems like the daily news stream is almost overflowing. The Middle East conflict(s), crude oil prices, unemployment levels, manufacturing levels, a downward revision of Q1 2015 GDP, PMI, the Federal Reserve’s hint of a rate hike, etc. So how is all this affecting the price of Gold Futures? Not only has Spring sprung but Gold Futures prices have sprung up a bit recently. Let’s go back and review our

Dow Theory Non Confirmation Signal: Spring 2012 Repeat?

Dow theory can be a valuable tool to have in your toolkit. Especially if you keep the confirmation and non-confirmation signals in perspective of their given timeframe. On March 2nd, when the markets were near peak levels, I posted a research note on Dow Theory highlighting the weakness in the Dow Jones Transportation Index (DJT). That wasn’t a call for a market top, but rather a call for some caution

Caution: These Two Key Market Leaders May Be Topping

I am a big believer in following market leaders for both investment prospects and indicators. As investments, they can bring big profits. And as indicators, they can help us protect against losses. For example, when market leaders start to lag, they can have a big effect on the performance of the broader markets. Recently, we’ve seen this show up in the Biotech sector (U.S. equities leader) and are on watch

Yahoo Stock Rallies Off Key Support: Next Move Important

On a day to day basis I truly have NO IDEA what the fundamentals are doing. That’s because my specialty is advanced charting patterns. In short, I focus solely on the price action. One stock that I have been tracking closely (and has continued to follow price expectations) is Yahoo (YHOO). If you’ve been following my writing, then you know I’ve been covering Yahoo stock as a technical pure play. The

Why Best Buy Stock (BBY) May Be Running Out Of Steam

Best Buy stock (BBY) has been on an amazing run rallying over 65% since the start of 2014. Is it time to take to a breather? The evidence is pretty convincing that it is. Here’s a list of indicators and occurrences that are concerning me. Use the Best Buy stock chart below for reference. Price is testing resistance from the mid 2000’s high Simultaneously, relative strength is testing declining trend

Is The Russell 2000 ETF (IWM) Poised To Roll Over?

On the stock exchanges in the United States and globally, many of the equity indices we monitor are displaying potential topping patterns and signals. Some have reached significant upward targets and resistance levels. Others appear ready to create lower highs this month. Among the U.S stock market indices, the Russell 2000 (RUT) offers one of the clearest examples of an index that may be on the verge of a major