Pigs, Lipstick and Spreads…
CLICK ON CHART TO ENLARGE The breakdown in the Base Metals ETF (DBB) could very well be sending a “global economic” message! This price breakdown has many implications, which increases the odds the price action of commodities should be...
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...
Crude Oil…Facing long-term resistance
CLICK ON CHART TO ENLARGE Game Plan…Picking up DUG (2x inverse oil stock ETF). This is not for the faint of heart. Add a stop that is comfortable to your “personal risk tolerance!” I am going to add a 5% stop on DUG
Euro Have Any Kick Left?
Veteran technical analyst Chris Kimble has kept us informed about the Euro-Dollar spread.