Weekly Chart Review
This week’s review will concentrate on issues that have retained good technical patterns despite the recent correction. Commercial real estate was supposed to crash this year, but the REIT index ETFs...
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President Obama may not like "austerity" but the currency market doesn't seem upset. The British Pound looks like it may have made at least a temporary bottom. The Canadians are hosting the G-20...
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The Canadian dollar has established a downtrend. What does this say about the Canadian economy which has gotten some pretty good press recently? The uptrend in gold stocks is in serious jeopardy. An...
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The Loonie broke out of the wedge I mentioned last week. The Yen is making new highs but I think it is setting up for an historic shorting opportunity. Watch for a reversal. Commodities have had a nice...
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The correction in the Euro has been quick and violent. If the uptrend is to continue it will likely happen here around the 50 day MA. A bottoming of the Euro here would also be consistent with a...
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The DJ-AIG commodity index etf (DJP) ran into resistance late in the week, but the uptrend is intact. I would be a buyer of pullbacks. The rally in Asian real estate stocks continues. With the Fed...
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A lot of the emerging market currencies, like the Brazilian Real, corrected over the last week or so. If the uptrend is to be extended this looks like a good place for it to resume. Gold stocks have...
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