We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of Dendreon Corp. (DNDN) Continue reading "Chart to Watch"
By Jeff Clark, Casey Research
For the past eighteen months, gold stocks have been pummeled.
They showed some life from mid-May to mid-June – GDX, the gold miner's index, was up 21%, while gold rose 5.5%. That bounce was exciting, but they've still got a lot of lost ground to make up. Since January 1, 2011, GDX is down 28%, while gold is up 10%.
So what's going to move these darn stocks? Will their day ever come? Could our research – gulp – be wrong? Jokes have even started circulating… Continue reading "Why Are We Certain that Gold Producers Will Soar?"
By DANIEL WAGNER
AP Business Writer
A rare double shot of good news about the U.S. economy sent stocks strongly higher Tuesday. The Dow Jones industrial average rose 82 points despite lingering fear about Europe's debt turmoil.
Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years, the National Association of Realtors said. The report was the latest signal that the housing market is improving in many regions following a slump of more than six years. Continue reading "Stocks rise on stronger US housing, factory data"
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Every Success,
Jeremy.
August crude oil - was slightly lower overnight as it consolidates below the 2% retracement level of the 2009-2012-rally crossing at 80.33. Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible near-term. If August extends this year's decline, the 75% retracement level of the 2009-2011-rally crossing at 73.28 is the next downside target. Closes above the 20-day moving average crossing at 82.86 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 82.86. Second resistance is the reaction high crossing at 87.32. First support is last Friday's low crossing at 77.56. Second support is the 75% retracement level of the 2009-2011-rally crossing at 73.28. Continue reading "Energy Markets Morning Report"
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