Iranian Conflict Escalates If Crude Breaks Above Triple Resistance?
The Crude Oil rally is gathering momentum as Middle East tensions come to the forefront. The rally has taken crude oil prices to a critical juncture, that two other times became a peak in oil prices. Oil prices are back at a familiar resistance level… a price area...
S&P 500 Index Tests Long-Term Fibonacci Price Extension As New Year Begins
Is the bull market getting long in the tooth? Could the S&P 500 Index rally be nearing an end? Okay now that we have the bears attention, let’s face the facts: This is a bull market (until proven otherwise). And the bull market isn’t going anywhere until we see...
DAX Index Could Be Creating Bearish Double Top, Says Joe Friday
Could the DAX (Germany) be double topping as it kisses the underside of a 10-year rising channel? Possible The strong rally by the DAX over the past year, has it kissing the underside of its 10-year rising channel at (1). While kissing the underside of the channel it...
20-Year Trading Range Breakout In Play? What Would You Do Here?
Some assets trade sideways for an extended period of time, then experience important and highly profitable breakouts? If the trading range is "20-Years" in length, would a breakout of an extended trading range become important? What about a big-time opportunity? This...
Dow Testing Top Of 70-Year Channel, As Great Decade Raps Up
Sometimes 10-year returns aren't so hot and sometimes 10-year returns are sizzling hot! This chart looks back on the Dow Jones Index over the past 95-years (since 1925), which highlights that the majority of the past 50-years, the Dow has remained inside of rising...
Hi Yo Silver Miners, Bullish Breakout Is In Play!
Is it Hi-Yo Silver time for Silver Minning stocks? Could be! This chart from Marketsmith.com reflects that Silver Miners ETF (SIL) is working on a breakout of an 18-month trading range at (1). As the breakout is taking place, relative strength is attempting to turn...
Is Boeing’s Stock Topping? Bulls Hope Not!
Boeing (BA) seems to be in the news a ton of late. But perhaps an even more important bit of news for investors has to do with the long-term chart of Boeing’s stock (BA). And how this chart pattern plays out will have ramifications for $BA investors, as well as the...
FedEx (FDX) 10-Year Bull Market About To End???
Is the 10-year bull market for FedEx about to end? Odds are high we will find out soon! This chart looks at FedEx (FDX) over the past 12-years. It has spent the majority of the past 10-years inside of rising channel (1). It hit the top of this channel in January of...
Lagging Mid-Caps About To Experience Quality Bullish Breakout?
Are lagging Mid-Caps about to send a bullish message to the broad markets? Looks like we will find out soon. The S&P 500 is over 9% above the highs of last September. The same can not be said for Mid-Caps! This chart looks at the Mid-Cap ETF (MDY) over the past...
New York Stock Exchange Sending Super Bullish Message?
The New York Stock Exchange hasn't had much to brag about for the past 2-years! Are things about to change for this broad-based index? What happens at (1), looks to be very important for this index and the S&P 500 as well. This chart looks at the NYSE index over...