The Dow Jones Industrial Average ($DJI) has dropped steadily for two weeks after briefly topping 11,400 earlier in the month. However, the Dow is now sitting at a major line in the sand, which could provide the next important move for this index. Read More..
Crude Oil has been pushing quietly higher the last two months, but is now testing an extremely important resistance level at $87.45. How price reacts to this two-year resistance level could spark the next major wave of price movement.
Raytheon Co. ($RTN) has been trading within a well-defined range over the last three months. However, price is now holding right at resistance in anticipation of the next breakout move. Here’s why this stock could get a big breakout soon..
The mini Dow futures contract (YMZ0) has trended steadily higher over the last two months, covering about 1,300 points during this period of time. However, the index is now testing the high for the year at 11,200, which could become a major decision point for the index.
The S&P 500 Index ($SPX) has been trending steadily higher since 1,040, rallying over 100 points in the last four weeks. However, price is beginning to show signs of weakness, which could lead to a near-term retracement soon. Here’s my outlook for the week..
