The Volatility Index ($VIX) looks ready to explode, which could help us forecast the next major directional move in the major market indexes. Let’s take a look at a few technical factors in the $VIX, which could offer directional clues.
The Dow Jones Industrial Average ($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.
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..
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 $4.30. However, the commodity is now winding up for another potential breakout opportunity, which could spark the next big move. Here’s why..
Wynn Resorts ($WYNN) has been a strong stock over the last six weeks of trading, rallying 20 points from recent support at $73. However, price has run smack into a high area of confluence at $94, which could set the stage for a sharp drop from current levels.
