by Chris Kimble | Dec 29, 2010 | Kimble Charting
Gas prices could rocket up again if key resistance at the $2.50 level is taken out. Potential Right Shoulder looks to be forming right now in the chart below. A good sign for the economy??? CLICK ON CHART TO ENLARGE The last time gasoline futures broke above...
by Chris Kimble | Dec 23, 2010 | Kimble Charting
CLICK ON CHART TO ENLARGE Yesterday I shared that Crude oil was attempting to break above its 50% fibonacci retracement level (See post here). I mentioned that I would want to own a breakout and at this time Crude is 1% above the 50% level. I received several emails...
by Chris Kimble | Dec 22, 2010 | Kimble Charting
CLICK ON CHART TO ENLARGE Crude has flirted with the 50% retracement level several times over the past 8 months and currently is making its best run at a breakout. The 50% line comes into play at $90! As most have noticed, Crude Oil and stocks have had a...
by Chris Kimble | Dec 13, 2010 | Kimble Charting
Suggested to pick up the Small Cap Russell index ETF (IWM) in this post. (see post here) At the time the Russell index was trading a little less than 745, now it is trading around 777. Game Plan… New stop on IWM should be $77, for the time...
by Chris Kimble | Nov 24, 2010 | Kimble Charting
CLICK ON CHART TO ENLARGE Black Friday is fast approaching! Speaking of fast, XRT is breaking away from key resistance, moving above its 2007 highs. Game Plan….Be a buyer of the retail ETF (XRT) with a stop at $45.
by Chris Kimble | Nov 22, 2010 | Kimble Charting
Sending a “KISS GOOD-BYE” to Crude Oil? Large declines often take place when…support breaks, then a rally takes place to test the old support as resistance, “on the underside.” Could this be taking place in Crude oil...
by Chris Kimble | Nov 18, 2010 | Kimble Charting
Gold has declined almost $100 per ounce of late. Gold ETF (GLD) is now testing a couple of key support lines. CLICK ON CHART TO ENLARGE Will take some time to see if the “Head & Shoulders” pattern happens to be a correct read in GLD....
by Chris Kimble | Nov 17, 2010 | Kimble Charting
Suggested to “Buy the inverse Grains ETF” (AGA) last Friday morning. (see post here) See update below. CLICK ON CHART TO ENLARGE Game Plan…AGA is up over 20% since its breakout. decent gains in 4 business days, since the purchase at...
