Energy ETF Technicals Looking for Lower Move
Technical Screens found trouble in the energy sector.
ETF
Ahead of the Opening Bell
Traders find themselves back in a risk on scenario across the board after the G8 statement indicated the euro zone policy makers would like to keep Greece in the family.
This afternoon 52 week highs
On yet another day selling on fears of the euro zone the afternoon has produced a couple of 52 week highs
Playing the Euro Zone Slide with iShares MSCI Europe Financials Sector Index Fund – EUFN
Technical screens found another ETF that has confirmed a weekly triangle suggesting continuation of the current bearish trend. The pattern is confirmed with the Relative Strength Indicator (RSI) pushing below the trendline at the same time the moving average of the RSI is moving lower.
Taking advantage of gold’s bounce through the iShares Gold Trust -IAU
Looking at the gold charts today we find a solid bounce off support at $14.90 on the iShares Gold Trust (IAU, [stock IAU]). iShares Gold Trust has been in descending channel since early February dropping over 14% since before bouncing off solid support
Ahead of the Thursday’s Opening Bell
U.S. futures take it on the chin after the U.S. weekly jobs report
Breaking News – Jobless Claims
U.S. J0bless Claims
Market Wrap Up
This stock market has problems. Problems indeed! With what appeared to be an oversold bounce this morning was shattered on more negative news from the ECB cutting funding to certain Greece’s banks not to mention the FOMC statement about highlighting several members saw the need for additional stimulus causing the bulls packing once again.
Breaking News – Fed Minutes
Breaking News – Fed Minutes
Breaking News – Housing Starts
Breaking New April’s housing starts are out:
You must be logged in to post a comment.