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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

Strong Start to the Week

The stock markets had a positive session on Monday most of the day, but at the end of the day they sold off a little bit and put the Nasdaq 100 into the negative column to close mixed on the session. Net on the day, the Dow was up 89.37 at 25,758.69, 60 points off the high. The S&P 500 was up 6.92 to 2857.05, 2 points off the high. The Nasdaq 100 was down 6.13 at 7371.42, 24 points off its high. Advance-declines were 20 to 8 1/2 positive on the New York Stock Exchange, and 18 to 12 positive on the Nasdaq. Up/down volume was 2 1/2 to 1 positive on New York, total volume of 2.6 billion

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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