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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

Markets Suffer A Deep Retracement

The indices suffered steep losses on Thursday, retracing a big chunk of the rally they've had so far. The day ended in a 5-wave decline but couldn’t rally much and wedged at the end of the day. I’m not sure if that will be negative tomorrow or positive. We’ll have to see. Net on the day, the Dow was down 327.23 at 25,379.45. The S&P 500 was down 40.43 at 2768.78. The Nasdaq 100 was down 162.54, or 2.2%, at 7116.09. Advance-declines were 3 1/2 to 1 negative on the New York Stock Exchange, and almost 4 to 1 negative on the Nasdaq. Up/down volume was almost 5 to 1 negative on New

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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