Oil Prices and the Symmetrical Triangle

In the world of technical analysis, the symmetrical triangle represents a battle between bulls and bears. Neither side gains ground while the market forms this pattern, and the result over time is lower highs and higher lows. However, the direction of the next major move can be determined following a valid breakout of the pattern.

Is the Yen Moving Higher Again?

J.C. Parets with Allstarcharts.com does fantastic technical work, and he is telling his readers to watch the Yen/USD exchange. The chart below shows this relationship; a falling line means that the Yen is gaining against the U.S. Dollar. The Yen is rallying hard today on the back of a manufacturing miss here in the U.S.,…

Golden Crosses and Death Crosses

It is commonplace in the business news community to talk about ‘Golden Crosses’ and ‘Death Crosses’. If you’re unfamiliar with these terms, they refer to moving averages (MA) crossing each other. More specifically they describe the movement of a security’s short term MA moving above the long term MA (Golden Cross) and the short term…

Ominous Signs from Jackson Hole?

With the Jackson Hole symposium set to begin tomorrow, let’s take a look at the technical state of the U.S. Treasury market. The question remains as to whether Ben Bernanke will begin Quantitative Easing Part 3, and perhaps the bond market can suggest an answer. (I’m focusing here on the Generic 30 Year Treasury yield,…

‘Who Could Love Me?’

With Seinfeld on my mind, who could love Coal and Steel stocks right now? From April 2011, as measured by the SPDR S&P Metals & Mining ETF (XME), these stocks plummeted 50% through June 26. Analysts hate the fundamentals as China has stalled with continuing hard landing fears, costs are soaring for coal and steel…

Hints for Sunday

No, this post is not about how I desperately want an iPad for Father’s Day, nor about the resurgence of Tiger as he once again claims U.S. Open glory. It is about a small, distant country holding an election that should have no effect on the lives of Americans. Sunday marks the second go-round for…