The construction equipment maker Caterpillar (CAT) is one of many large companies to report earning before the markets open on Thursday 28th Jan. Alibaba, Bristol-Myers Squibb, Valero Energy, Abbott Laboratories, Eli Lilly & Co and Potash Corp are a few others. CAT is trading near a major S/R level that may prove to be a launch […]

There are a lot of dire predictions circulating about stocks with RBS, as an example, advising clients to sell all but quality bonds. Technical support is holding for now on the major US index of the S&P500 and, IMHO at least, I think it would be prudent to wait and see where this index closes for […]

Many commodities have been savaged over recent months due to the stronger US$ and weakened global demand. In this article I have posted monthly charts of a number of commodities and these reveal almost all of them trading at multi-year lows or near major support as we head into a, potentially, pivotal week for the US$ with […]

I was looking over charts of some US stocks on the w/e and the following have caught my eye.

I’m reading more about bearish calls on stocks than I am bullish ones but thought I’d review some charts to check for myself. About all I can come up with at the moment though is that most major global stock indices seem to be ‘consolidating’. Now, whether this is consolidation before a bearish or bullish breakout remains to be […]