Wealth Creation Through Natural Resources
Whole Foods (WFM) has spent the last couple of months forming a pretty impressive bottoming pattern. Today the stock was up 2.02% and posted its first close above the 50-day simple moving average since March: WFM looks like an … Continued
Making women’s butts look better is big business and today’s performance by shares of Lululemon (LULU) is clear evidence of this fact: Shares of the yoga apparel & accessories retailer rose nearly 11% on nearly 8x average trading volume. Perhaps … Continued
Oil services stocks as represented by the OIH (roughly 1/3 of the OIH is comprised of two names, HAL and SLB) have been hot for the past month, gaining nearly 20% since the March 16th low: This is the 3rd … Continued
While the casual market observer might look at Friday’s 1.18% rally in gold, closing modestly back above the $1200/oz level, as nothing to write home about. Friday’s session offers some subtle bullish signs that should not go ignored: Many … Continued
Daily commodity chart wrap 4/7/2015… WTI Crude Oil (Daily) WTI tested the $54 resistance level today. While this is at least the 3rd time this level has been tested during 2015, it is the first time since February so … Continued
On Tuesday we highlighted a powerful long trade setup in the GDX and yesterday the goldies rallied 5.32%. This morning we are seeing a little profit taking ahead of a big resistance level near $20: From my vantage point the … Continued
Less than 10 days ago the gold miners were being pushed to the brink of collapse as gold waffled in the mid $1100s. This morning after an impressive rally to finish last week the gold miners are back to being … Continued
The Russell 2000 (IWM) is up nearly 400% from the 2009 market bottom, however, judging by the following chart pattern breakout the final blow-off rally may have just begun: IWM has been in a messy consolidation since the end of … Continued
We have been ‘stalking’ Haliburton (HAL) for a couple of weeks based upon a clearly defined double-bottom setup and the potential for a breakout above $41. This breakout is now in progress: The Daily 14-period relative strength index (RSI) is … Continued