Dueling Technicals on Amazon AMZN

An analysis of Amazon (AMZN)’s charts on Monday identified a near-term potentially bullish formation juxtaposed against a tricky, potentially dangerous intermediate-term set up. From a near-term perspective, AMZN on its hourly chart appeared to be putting in a “falling wedge”-type pattern (the opposite of a rising wedge), which usually represents a trend-ending formation. In this […]

Gold is a coiled spring… the breakout is here, fundamentals are in place, technicals are compelling

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article59983.html The Market Oracle – Financial Markets Analysis and Forecasts – CLICK TO READ ARTICLE

Trend Lines Met, Technical’s are Set – US Dollar is Ready to Rally (Elliott Wave Analysis)

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article58907.html The Market Oracle – Financial Markets Analysis and Forecasts – CLICK TO READ ARTICLE

Stock Market Consolidation Day, Poor Technicals, NDX Reaches New All-Time High

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article58894.html The Market Oracle – Financial Markets Analysis and Forecasts – CLICK TO READ ARTICLE

Stock Market Weak Technicals, Pullback Continues, Negative Day Across the Board

The stock market was decidedly lower today. The indices started the day out, though, with a little pop to the upside, but resistance failed immediately. They then started to work their way lower by late morning, and reached the session lows on both the S&P 500 and Nasdaq 100, bounced in the afternoon, took back […]

Technicals for Gold Mining Stocks Remain Weak

Last week we wrote that precious metals should see upside follow through but to be wary of the 200-day moving averages and February highs before becoming excited. The metals did follow through as Gold gained 1.5% and Silver gained 1.9% (for the week) but the miners disappointed. GDX gained only 1.1% while GDXJ finished in […]

Silver Technicals

24hGold.com RSS Feed – 24hGold Editorials and commentaries

Stock Market Mixed to Nominally Lower Day with Good Technicals

The stock market indices had a mixed to nominally lower day with pretty good technicals for a positive down day, which is bullish, but the overall look of the trend wasn’t good. The snapback began yesterday, extended this morning, and came down in a 3-wave corrective pullback. It remains to be seen whether the lows […]

Stock Market Solid Session with Mixed Technicals

The stock market indices had a good session, although they started the day out with a drop to the downside, held support, came on strong in the morning, consolidated midsession, and ran back up in the afternoon, only to pull back n the last ten minutes to pare back the gains and put the Dow […]

Stock Market Positive Session with Poor Technicals

The stock market indices were up marginally today, but the technicals were not good. The day started out with a gap up, bounced around early morning, stair-stepped its way down, rallied back up, pulled back, retested, an moved sideways the rest of the day to close in the positive column. Net on the day, the […]