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Mike Paulenoff

Natural Gas at Crossroads Technically Near Term...

And then there is Natural Gas, which again is showing a bit of life on the upside as it carves out an 8-session sideways range, or bottom, between 2.83/2.85 on the high side versus 2.76-2.75 on the low side. Whichever side of the range is violated and sustained, will trigger follow-through to either 2.90-2.93 or to 2.70-2.68. Given the positive juxtaposition of my nearer-term momentum gauges with the sideways price action, my bias is for an upside resolution to the current pattern set-up. The Model Portfolio is long UGAZ at 11.07.
Harry Boxer

Very, Very Strong Session

The stock market had a very strong session on Thursday and as the day wore on the indices worked their way slightly higher, consolidated, and the technicals actually improved. Net on the day, the Dow was up 251.22 at 26,656.98. The S&P 500 was up 22.80 at 2930.75. The Nasdaq 100 was up 78.71 at 7569.03. Advance-declines were 19 to 9 positive on the New York Stock Exchange, and 22 to 8 positive on the Nasdaq. Up/down volume was 3 1/2 to 7 positive on New York, total volume of 2.2 billion shares traded. The Nasdaq traded 2 1/4 billion shares and had a 3 1/2 to 1 positive volume ratio.

ElliottWaveTrader's Stock Waves Service Launches Stock Request Tool

Stock Waves, a service on our ElliottWaveTrader.net site, has launched a new tool enabling members to both search for analysis on a symbol and request updated analysis in one stroke.

Where else on the Internet can you type in a stock symbol and get a personalized reply from a professional analyst?

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