Gold is back within striking distance of $1000. Our technical analysis shows how GLD recently broke out of a key symmetrical triangle.

Last Monday I posted that the gold stock trend still lives not knowing that after the Fed decided to leave rates unchanged Gold and Silver stocks would take off. And wow did they take off.
Between Thursday and Friday alone Gold jumped a staggering 5.4% finishing the day Friday above $930. Goldcorp (GG) and Yamana Gold [...]

This is a stretch but nonetheless I find it interesting to see gold stocks still for the most part “alive” and kicking even after being off the radar for some three months or longer. Perhaps a better, “the glass is half full” title would be more realistic and say, “The gold trend has not yet [...]

A nice rebound day for the market as the NASDAQ tacked on 1.3% for the day. The S&P 500 closed up only .5% but momentum has the sky looking optimistically bright for tomorrow.
Steel, Fertilizers, and Techs had a decent day today. The big movers were in Home Builders as the group ended up 3.8% for [...]

With the market rallying 4% yesterday it is very easy to become bullish and think the market has bottomed. The facts though tell a different story.
When it comes to the stature of our economy, absolutely nothing has changed since yesterday besides a gov plan to add another $200 billion back into our system. The market [...]

Starting tonight these posts will be titled Blain’s Nightly Stock Picks instead of just Nightly Stock Picks.
The market today added to yesterday’s closing hour rally, closing up roughly .5% across the board. Secondary support is still in tact for both the S&P 500 and NASDAQ Composite.
What’s HOT Right Now: Oil-Gas Field Services, Oilgas Drilling, Oilgas [...]

The market seems to have found its way to higher ground again today and perhaps is looking up for the first time in a while.
Steel, Metal Ores, Oil all continue to move higher. Tonight alongside the standard movers I feature some stocks that may just be turning the corner.
NASDAQ Composite
Yesterday the NASDAQ broke out this [...]

The overall market had a tougher day on low volume as the major indices lost over 1% across the board. Some strong stocks though had some low volume pull backs today which could make for great buy points.
The SPY is still sitting in the same pattern as yesterday, and the NASDAQ is forming a very [...]