JACK making new all time highs. There is always a bull market somewhere... Intra-day A up Weekly A up Monthly A up QTR A up Yearly A up
Natty breaking outta this flag pattern. Good stuff, defended the monthly in the last few days. Confirming my weekly, (obviously late in the week).
I've been watching GDX, double top at the monthly A up and now looks like it's headed to the A down. It's last monthly A up was January, but that was very late in the month (27th I think). Before that the last one was November. Was thinking if we got a confirmed monthly A up it could signal the low is in. Nice catch on the UUP monthly A down!
We got some action in SWN, a Joe Terranova favorite. Someone bought 3k risk reversals in the Jan 2014 strikes today. Also moving above the monthly A up here. This is also a nat gas play.
Whoops, realized that you are looking at a different chart. In currency pairs where the dollar is the second pair, failing an a up is great! Not so much on your chart. I still think we are in a pullback. Your intermarket analysis remains appreciated and a source of information for many, including myself. Have a good weekend Mav!