UGAZ & Natural Gas Futures Break Trendline Support

Natural gas futures (/NG) have broken down below trendline support, signaling a likely end to the uptrend off the Feb 15th lows with a possible kickback rally to backtest the trendline from below coming soon. The breakdown in nat gas futures caused UGAZ to gap below the uptrend line that was highlighted in this trading room reply just over a week ago (second chart below). click on first chart to expand, then click anywhere on right of each chart to advance to the next expanded image or pinch-zoom on mobile

2018-03-14T10:02:07+00:00Mar 14, 2018 10:02am|Categories: Gold & Commodities|Tags: , , |1 Comment

Peak Earnings Week

This week will, by far, be the most important week of this earnings season with a total of 119 companies in the S&P 500 index reporting. This week will also see all five of the market leading FAAMG stocks (FB, AAPL, AMZN, MSFT & GOOGL) reporting along with a slew of other market leading stocks. As such, one should expect an increase in volatility & opening gaps. There is a link for an earnings calendar located on the home page sidebar under 'Tools of the Trade" along with an economic calendar with the potential market moving reports denoted with a red [...]

2018-01-29T09:43:17+00:00Jan 29, 2018 9:40am|Categories: Equity Market Analysis, Gold & Commodities|Tags: , , , , , , , , , , , , , , , , , , , , , |2 Comments

Market Analysis for Jan 22, 2018 (video)

Technical analysis providing the near-term outlook for the US stock market, gold, silver & the mining stocks, natural gas and crude oil. I've also included a static 60-minute chart of /PL (platinum futures) below the video as platinum is starting to break down below this very extended price channel with negative divergences in place. Potential price targets are shown below. PL 60-min Jan 22nd

2018-01-22T11:26:08+00:00Jan 22, 2018 11:26am|Categories: Equity Market Analysis, Gold & Commodities|Tags: , , , , , , , , , , , , , , , , , , , , |2 Comments