Category Archives: Market Overview

Four Breakout Charts With Strong Upside Potential

Here are four charts of interest for this week. They all have positive upside momentum and money flow, along with well-defined levels of resistance. Breakouts from their respective patterns project significantly higher upside price targets. A cup and handle on the Accenture (ACN) chart with large gap resistance just overhead. Air Products and Chemicals (APD)… Read More »

Graphing Jeff Gundlach’s “Exciting” Gold Prediction

At this year’s Ira Sohn Conference, Doubleline CEO, Jeffrey Gundlach announced that the next big move for the markets will be in gold, stating, “It’s getting almost exciting…something big is happening.” Specifically, he cited the five year inverse head and shoulders base that has been forming on the chart, noting “Gold is maintaining an upward… Read More »

Bearish “Gravestone” Candles On The S&P 500, DJIA, And NASDAQ Charts

This afternoon we tweeted out that: The bulls need to see strength into the close. Don’t want to finish the week with “gravestone” doji candles on the index charts. The bulls were disappointed. Gravestone dojis formed on the S&P 500 Index, NASDAQ Composite, and Dow Jones Industrial Average weekly charts. A gravestone doji is a… Read More »