In my scroll through the charts today I have noticed a number of US stocks setting up in Bull Flag-style consolidation patterns and this post contains screen shots of these stocks.
Fortescue Metals Group, FMG, has made good progress since my last update back in February. It was $6.41 when I last posted but reached as high as $9.55. This lengthy rally might be due a pause though, and, so too might the lengthy rally with Iron Ore.
I was introduced to another US market metric yesterday, the State Coincident Index, and am sharing this information with you in this post.
One of the main take-aways from Dow Theory is that trends do not travel in straight lines unabated. With Gold popping its head above $1,400 I’m wondering, should the metal hold this level into the month end, whether this could underpin some mean-reversion activity with other commodities? Numerous commodities and commodity ETF are well down […]
The recent move with Gold has me back looking at Silver and, whilst it hasn’t done too much just yet, there has been a break of a monthly/weekly bear trend line and there is some bullish momentum evident on the daily chart. Price action remains below the $16 S/R level and the weekly 200 EMA […]