Don't Personalize the Markets

By Gary Tanashian

A few articles I have written lately have elicited some responses that have been less than complimentary.  This generally comes with the 'public writer' territory, but negative feedback seems to come more intensely when the market is at critical junctures where its fortunes are potentially near a point of change.

It goes both ways as I routinely hear from bulls, bears and even gold bugs when I write something that looks "dumb" because it is out of alignment with a current trend, but is actually looking for Continue reading "Don't Personalize the Markets"

Chart of the Week - Crude Oil

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

The chart shown below is a snapshot of the July Crude Oil futures. After spending the entire month slipping lower alongside of most of the major global markets, Crude Oil prices have tried to recover off of $82.00 a barrel in the first week of June.

One of the identifiable themes for this chart is the range that Crude traded in throughout May (see blue trendlines on chart). There were four days in the month when prices closed outside of this range, and this is what I feel is most important to highlight. Continue reading "Chart of the Week - Crude Oil"

Is the Generational Divide in Technology Widening?

By Alex Daley, Casey Research

My son doesn't know how to use a mouse.

He doesn't even know what one is. As far as he's concerned, it's a furry animal he's only seen in books and running around the floor of the Newark airport.

While I've known this for some time, it recently moved from the back of my mind to front and center following a brief car trip a few days ago. From the back seat, my eldest son – who for some inexplicable reason loves to watch the instructions tick by on the screen of the GPS unit sitting on the dashboard Continue reading "Is the Generational Divide in Technology Widening?"

Chart To Watch

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 Australian Dollar/Canadian Dollar (AUDCAD).

It is interesting to see that classic chart patterns that were originally used in the stock market like the Head & Shoulders base,play out in all markets including Forex. Continue reading "Chart To Watch"

Chart of the Week - Gold revisited

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

The chart shown Below is a daily chart of the August Gold Futures. Last week, my “Chart of the Week” submission highlighted the potential targets for Gold if it were to rally in the near future.  While my idea was technically sound, I admit to missing the fundamental driver behind Fridays move higher. I thought it would be best to discuss Gold again this week. Continue reading "Chart of the Week - Gold revisited"