My bullishness on Oil is no new trend, check out my post on USO when it was back in the mid $40s. And, after taking a few weeks to base out, the Oil sector is running once again. Let’s take a look at some charts.

Look a this chart of the tracking fund for various segments [...]

I have a wide respect for alot of the fantastic writers out there in the blog finance world. This mix includes veterans like Trader Mike, Kirk, Kevin, Brian, Chris, and even newer bloggers that have gone big fast like Jim Kingsland and Zen Trader. At 20 and still very young, it is always great to [...]

Thursday again gave us a mixed outcome on the day. Nasdaq 100 and Nasdaq Composite both green and on slightly heavier volume leaving an accumulation day. The S&P 500 and Dow both closed red and on heavier volume, leaving a distribution day. Which makes two consecutive distribution days for the S&P 500 [...]

I really like this chart of Apple (AAPL), as I have been watching it develop over the last several weeks. The move yesterday to push past $86 resistance and the 50 day moving average -50 DMA- was huge, as the stock not only closed above both resistance points, but also closed with nice accumulation volume.
With [...]

Wednesday brought in a little inflation jittered filled market. Mixed close across the broader markets, Nasdaq 100 and Nasdaq composite closed green with the S&P 500 and Dow closing red. NYSE on heavier volume leaving a distribution day and the Nasdaq rising on light volume, leaving us to wonder where the participation was [...]

Take a look at the Streettracks Gold Strust (GLD) and you will find the fund has run up very nicely over the last hour and a half; that is because gold is up 25 points out of no where! Should we speculate and say that this run is unaccounted for? NO, I say it is [...]

I took a position in Sirius Satelite Radio (SIRI) this morning based on the same technical intraday indicators I used for the XMSR daytrade yesterday. Let’s take a look at the intraday chart and the buy,Playing these indicators is like stealing candy from a baby if you know what you are doing. Once again, I [...]