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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

Key Support Gives Way, Late Rally Attempt Fails Again

The markets had another negative day on Wednesday. They opened strong, got right up to resistance, and then sold off most of the day. In the afternoon they had a nice, corrective-type rally, taking back nearly 60% of the losses, but unable to sustain secondary resistance, they pulled back into the close to finish negative. Net on the day, the Dow was down 205.99 at 25,080.50. The S&P 500 was down 20.60 at 2701.58. The Nasdaq 100 was down 61.03 at 6769.87. Forty-five minutes before the close, the Nasdaq 100 was actually up, but had a nasty pullback. Advance-declines were 17 to 11 nega

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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