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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

Market Rallies on Trade Rumors

The stock market had a very positive session on Thursday, although they started out with futures lower. They gapped down, and within a minute, or two, they started to rally and rallied all day, with a very sharp pop in the morning, backed and filled, and formed wedges. They broke out to the upside, tested the highs, but they continued to consolidate sideways for a few hours on the Nasdaq 100 while the S&P 500 continued with nominal new highs. In the afternoon, when rumors hit that the U.S. was considering lifting tariffs on China, the market literally exploded, and within fifteen minutes,

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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