$NDX Monthly Chart Update 4/30/2009

Today The Nasdaq 100 Index closed above its 200 month moving average. Does this signal a continued road higher or possibly the end of the rally?

EUR/USD Hourly Chart Update 03:43PM GMT 04/28/09

$SPX Current Hourly Chart Update 4/28/09

Notice the volatility squeeze on the various Bollinger Bands. If GDP is a surprise number, we could get a big move in either direction.

$XOI Monthly Chart 4/26/09

XLF Daily Chart Update 4/25/2009 Possible Price Target

This is a price target using one method. It's not carved in stone, but I think it has validity. If it is reached it would certainly be a good place to take some profits.

$SPX Current Hourly Chart Update 4/25/09

It's not unusual at all for a stock or a market to break down from a rising wedge, then rally back to its rising lower trend line, fail, and turn lower. So this is something to beware of. I'm cautious in the area above 875.

$SPX Current Hourly Chart Update 4/23/09

$SPX Current Hourly Chart Update 4/22/09

Time to be cautious with stock purchases, possible correction in progress.

XLF Daily Chart Update 4/18/2009

$SOX Daily Chart Update 4/18/2009

$GDM Gold Miners Index Update 4/18/2009

USD/JPY Weekly Chart - Dollar/Yen

Vette,
I would appreciate your comments on this chart, since you actively trade this pair. Thx.

Gold Miners - Daily Chart Update

Financials - XLF Daily Chart - Short term Bullish

Financials continue their short term bullish trend. XLF gapped up Friday above the 100dma and moved north from there on 280 million shares. Since the 5.88 low, above average volume days have been up days with one exception. I remain positive on these for now. $XBD stocks like GS and MS have already moved up significantly and may need a rest. However, Banks look like they have more room to the upside. I have three targets for XLF based on Elliott Wave. These are 12.06, 13.52, 15.88. Support should be 9.70. Below that I'd have to reconsider. If you don't want to play individual Bank stocks, consider leveraged longs like FAS or UYG.

$SOX - Semiconductors - Long Term Monthly Chart

Semiconductor stocks hit all-time highs in March of 2000. They have been in a vicious bear market and lagged badly as the S and P 500 made new highs in 2007. I don't know whether or not the absolute bottom is in, but with this index returning to the lows of 1998, I think we are in an area of value. Technology stocks as a whole meet this criteria in my humble opinion. I trade in and out of this group but I am also building a position to hold for a longer time period. Stocks to consider might be INTC,NSM,XLNX,ALTR,NVDA,AMAT from this space. From the broader spectrum a stock like CSCO would also be a candidate.

$SOX - Semiconductors 4/05 Update

$SPX Daily Chart - Next Resistance Zone

There are a number of points of resistance we could target, so let's label a "zone" of resistance, 850-870. The 20wk moving average should offer support around 830. Below that is our previous resistance gap 818-826. If the tone is still bullish this coming week, we should hold above these areas. If tone turns negative, expect a return to 800-804.