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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

Difficult Consolidation-Type Day

The markets had a difficult, but consolidation-type day on Thursday. It was a very choppy day. They ran up in the morning, but then sold off the rest of the day in a choppy fashion. Late in the day they came back and closed mixed. Net on the day, the Dow was up 10.92 at 26,191.22. The S&P 500 was down 7.06 at 2806.83, 12 points off the low. The Nasdaq 100 was down 44.54 at 7158.59, 33 points off the low. Advance-declines were 150 issues lower on the New York Stock Exchange, and 240 issues lower on the Nasdaq. Up/down volume was almost 2 to 1 negative on New York, total volume 3 1/2 b

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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