Sell Signal in the ES
A sell signal has fired in the daily chart of the E-Mini S&P 500 futures contract (ES..), which forecasts a potential decline and a change in trend. Let’s take a look..
Is the $DJI Poised for a Rally?
The Dow Jones Industrial Average ($DJI) has dropped over 500 points the last week of trading, but is beginning to show signs of strength. Here’s why I think we could see a rally ahead for the Dow.
$FCX is Due to Move
Freeport-McMoRan Copper & Gold ($FCX) is clearly winding up for the next major breakout opporunity, which could lead to the next 5-7 point move. Here’s why..
I’m Watching This Today
The Semiconductor ETF ($SMH) has been honoring the boundaries of a large trading range from $25.40 to $28.90 over the last four months, offering amazing reversal opportunities along the way. As a matter of fact, I wrote about once such opportunity on the actual $SOX Index on July 6, which worked out great! Now, it looks like another opportunity may be upon us..
Breakout Ahead for Natural Gas
The Natural Gas futures contract has been on a bearish tear lately, dropping steadily from the $4.80 level down to the current area of $4.30. However, the commodity is now winding up for another potential breakout opportunity, which could spark the next big move. Here’s why..