S&P 500 E-Mini: Nearing Key Support Levels
The S&P 500 E-mini contract, the ES, is now reaching support levels that I’m watching closely. Let’s start with a full view of a...
S&P 500 Technical Support Looms Large For Traders
The stealth downdraft that occurred last week has offered little more than intraday trading opportunities for the nimble (and surgical). The added volatility has its...
The US Dollar Index Is Nearing A Major Resistance Level
Today I'd like to break down some key Fibonacci levels on the US Dollar Index.
Let’s start with a longer-term view of the US Dollar....
Selling Into Strength: The EUR/CAD Short Setup
Based on recent wave structure, the EUR/CAD has likely completed 5-waves to the downside and should be set for a corrective rally back towards 1.4565...
Breakdown: Why EUR/USD Volatility Is Ready to Resume
Single-day paroxysms brought about by geopolitical unrest and local black swan events aside, stocks continue to calmly shuffle through a dream-like state of imploded...
Biotech Sell Off: Bearish Harmonic Bat, H&S Top Patterns Point Lower
The closely-followed iShares Biotechnology ETF (IBB) continues to show technical deterioration following it's mini-blowoff in late June/early July to complete a 4-month Bearish Bat...
S&P 500 Technical Update: Will Opex Bring New Highs?
Another mini-pullback, another buy the dip rally? Monday's price action felt a lot like more of the same. Although we won't know until we get...
S&P 500 Update: BTD Stock Pullbacks In Focus
Since the February lows, stocks have seen several shallow pullbacks. Most pullbacks have lasted 2 to 4 days, while the lone outlier lasted 7 days....
Biotech Takes Ill In Worst Selloff Since April
In the category of market defeat snatched from the jaws of victory, the super-heated Biotech industry is showing early signs of relapsing into the...
Why Copper May Deserve A Place In Your Portfolio
Since the beginning of 2011, copper has been a lousy market aside from the occasional position trade. But that tide could be ready...
