Dollar/Euro spread starting to narrow

Dollar/Euro spread starting to narrow

Yesterday I shared that the spread between the Dollar and the Euro had reached a point where reversals often take place…A dollar rally/Euro decline usually takes place when the spread reaches these levels (see post here) CLICK ON CHART TO...
AG/Grain breakout update

AG/Grain breakout update

On October 11, 2010, AG/grain ETF (DBA) was breaking above a two year trend channel in the chart below. (see post here) The suggestion at the time was to buy the breakout with stops. CLICK ON CHART TO ENLARGE  Below is an update on DBA after the...
Patterns are suggesting…

Patterns are suggesting…

 CLICK ON CHART TO ENLARGE Anyone notice what the “Patterns have been suggesting we should do” of late? Below is a small summary of suggestions from last week…. Widest Spread between the Nasdaq 100 and the VXN in almost 10 years, with the NDX at...
Breakout in Coal….ACI and AG ETF (DBA)

Breakout in Coal….ACI and AG ETF (DBA)

CLICK ON CHART TO ENLARGE It has taken a year for ACI to finally break line (1) at (2).  Be a buyer of ACI with a stop at line (1). DBA has picked up about 10% since it broke resistance line (1) in the chart below. Another reason why we want to buy breakouts with...