NASDAQ and SOX at Critical Levels
Stocks posted another session of losses last Friday, causing several of the major indices to break below key support levels…
Stalking a Short Position in the Retail Sector
Failed breakouts out of a long base of consolidation are often among the most profitable short setups.
Why Bears May Gain the Upper Hand
The Nasdaq remains below its primary uptrend line that it broke on Tuesday, while both the S&P and Dow are holding near their highs.
Nasdaq and Russell Showing Bearish Setups
Downward momentum from Monday’s selloff triggered an opening gap lower yesterday morning…
GLD is Testing Support Here
For the second consecutive day, the stock market gapped higher on the open, then promptly turned tail and headed south.
Watch the Russell 2000 and S&P Midcap
I anticipate that a failed breakout in either the Russell or S&P Midcap will begin to attract the interest of the bears…
Potential Setups in GDX and FXE
Stocks surged higher out of the starting gate yesterday morning…
SOX and OIH at Critical Levels
The S&P and Dow are continuing to consolidate at 6-year highs, while the NASDAQ is showing more relative weakness…
Bearish Pattern in IYT Signals Lower Prices
Stocks trended lower ahead of yesterday afternoon’s decision on interest rates…
Watch This Key Level in the QQQQ
By forming a “lower high”, QQQQ is in the process of rolling over…
3 Pharma ETFs About to Breakout
The broad market concluded last week with a choppy session of indecision that left the major indices modestly higher.
Look for a Bounce in Gold
It appears that the Gold Index ($GOX) is poised to head back up after a brief correction.