Markets have been moving sideways for about a decade. Probably has another 5 years of up-and-down choppiness that we have been experiencing. Very typical of what has happened over the last 125 years. We’ll eventually break into a new bull market in the next 4-5 years.
Starting to form a little bit of a base after a down trend and is very much trying to break that base. Looking very interesting and there is a pretty decent chance if it breaks.
Chart shows that the trend is down. Took out a very strong level of support at around $24-$25. If he owned, he doesn't know if he would want to continue holding.
This company pretty well follows gold bullion, which has been working in the trend channel for about 2 years. Gold and this company are now getting back to the top of their trend channel and he has sold his gold equities.
Gold. Has been working in a trend channel for about 2 years, particularly the equities. It is now getting back to the top of the trend channel. He just sold his gold equities because it is getting back to the top.
In an uptrend but has some pretty major resistance in the high $60. Likes the stock up to about $60, $69, $70 but on a comparable basis, Canadian National (CNR-T) just took out its old highs. Would prefer CN.
Technical analysis software? A couple of really good free programs on the Internet are FreeStockCharts.com and StockCharts.com and you can get longer charts on the latter for about $15-$20 a month.
Chart shows it is starting to pull up but has recently had a pullback. A longer-term down trend line appears to be broken. Doesn't look too bad for some short-term upside. Has resistance at around $26. A short-term trade to that area might work out, perhaps past that if there is enough volume.
This one is waiting for a shoe to drop out of the sky. Doesn't matter if you are a technical or fundamental player, you don't know. Generally speaking, the trend is up that recently broke down because of all the news and noise. Pretty significant resistance in the low $40 that it doesn't seem to be able to crack.
Had an uptrend from 2009, broke it and is now in a bit of a rectangle. Sideways movement. No breakdown. If it broke through the support level of the mid-$50, it would be dangerous.
Had a downtrend that has been most decidedly broken. Seasonally, this sector tends to move up over the next few months. Great-looking chart. Likes the sector.