Tag Archives: Breakout

Financials Show Strength

We noted a few days ago the bullish cup and handle formation in the financials (XLF).   This is one of our favorite charts and strength/leadership in the financials will bode well for the overall market into year end. The XLF … Continue reading

Posted in Banking | Tagged , | 3 Comments

Financials Breaking Out

Check out the strength in financials (XLF).   Year end strength is this sector will be just what the doctor ordered to keep the rally going. The bullish cup and handle formation sets up a measured move to $22.60, or about … Continue reading

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The Golden Bid

Nice breakout in gold on strong volume after the Fed’s announcement they’ll continue to flog savers, possibly into 2014.  Technically it looks good x/the 78.7 RSI overbought condition.   Open interest is way down and you can feel that in the … Continue reading

Posted in Gold | Tagged , , | 2 Comments

Gold Breaks Out – Print Away!

Gold is up big today and trading like the monetary printing presses are ready to kick into overdrive.    We believe the recent Fed speak about QE3, possible BofJ intervention to weaken the yen, and  growing expectations that tomorrow’s announcement by … Continue reading

Posted in Commodities, Gold | Tagged , , | 3 Comments