Gold’s Killer Buy Signal

Back in October, sentiment was in the dirt and the S&P 500 sliced through key support, raising fears of a double dip recession and a retest of the 2009 low. What happened next was truly spectacular. On October 5, the market gapped down at the open, but quickly found buyers, leading not only to a [...]

Dollar Tree Investors About to Get Plowed?

Has Dollar Tree $DLTR climaxed? Nearly doubling in price since last February, Dollar Tree is almost certainly on the radar screen of investment funds looking for year-end window dressing candidates, but just how high can it go from here? The daily chart looks quite healthy, which may attract new investors, but the weekly chart is [...]

Google’s Gargantuan, Ginormous Bullish Cup and Handle Pattern

As stock patterns go, Google $GOOG has put together a gigantic cup and handle continuation pattern, and is threatening a monster breakout before the year is out. If this happens, Johnny bar the doors, the twins are free! Especially if you are bearish on the market’s outlook moving forward. Look for a pop and a [...]

What To Sell Short if Santa Doesn’t Show

December is probably the most bullish month of the year.  Fund managers tend to gun the tape to drive up prices and collect their annual performance bonuses in what is widely known as the Santa rally.  But what if Santa doesn’t show this year?  There may be good reasons, including continued unknowns about the Eurozone [...]

How to Play This Market

Technical analysis can be a useful tool, but this market has punished technical analysts this year as breakdowns and breakouts have consistently been faded.  Betting on traditional stock pick set ups has been the sucker bet in this news-driven market environment. As of last week, the markets were about as technically ugly as they get [...]