A negative divergence over a two month period has setup between the recent high in the Canadian Venture Exchange and the MACD indicator. This index, which is loaded with small […]
Category: Technical Analysis
Silver Losing Upside Momentum
A number of bearish technical events have occurred recently in the silver chart. First, a bearish engulfing candlestick has formed on the weekly chart. A bearish engulfing candlestick is a […]
Divergence Between New Low in Bond Rates and Momentum
The 5-year treasury rate made a new low in 2010 but a positive divergence has setup between the new low and the momentum to the downside. What this means is […]
Dollar Still Hovering at Critical 80 Level
The U.S. Dollar continues to consolidate right at the 80 level, which is roughly the midpoint of the trading range the dollar has established since bottoming in 2008. The trading […]
Cup and Handle Pattern in Oil
While oil and oil stocks are sitting at new highs for the year it appears they may have just completed bullish cup and handle continuation patterns. Oil has also formed […]
Bonds Turning Lower
Starting from the long end of the yield curve and working backwards, bonds have started moving lower. The first chart shows TLT, an ETF that tracks long term government bonds. […]