Dragonfly Capital

Heading into the next week, last week’s review of the macro market indicators suggested that the markets seemed to be in a better mood. We looked to Gold (GLD) to continue to consolidate or move...

Heading into the next week, the review of last week’s macro market indicators suggested that the markets seemed to be in a better mood. We looked to Gold to continue to consolidate or move lower...

From June 4. 2012 until May 22, 2013, the S&P 500 moved higher in an extended AB = CD pattern. The final leg extended to 161.8% of the initial leg. This final leg was also done in 4 steps, each...

Since then I have been looking for a reason and entry to be short. With the sideways motion for the last two weeks, it has done just that. The chart below shows that it has been building a descending...

The big credit card stocks have enjoyed monster long runs. But one, MasterCard, MA, may have reached its limit. The chart below shows that it made a high on May 21 at 589, and has been pulling back...

So our President has chosen to discuss the importance of immigration in the midst of all of the recent controversy in Washington. I cannot fault him for that. Our neighbor to the south, Mexico, is...

Timken (TKR), has been a local favorite, just down the road a ways in Canton by the Pro Football Hall of Fame. They make the stuff you need to make stuff. Not little stuff, but big stuff like...

Relative Strength that is. The ratio chart of the S&P 500 SPDR, SPY, against the iShares MSCI Emerging Market ETF, EEM, below shows the story. During this latest run higher in the SPY, the EEM has...

Here is your bonus Idea with links to the full Top Ten: General Electric (GE)General Electric, GE, is back at resistance at 23.90 after a pullback to 23.25. The pullback resembles a bull flag which...

In the donut wars Krispy Kreme (KKD), was the first round winner. Since breaking out of a downtrending resistance in November it is up over 140%. The chart looks pretty good too. The latest leg higher...

Here are the Rest of the Top 10: AmSurg, Ticker: AMSGAmSurg (AMSG), is moving to the top of a bull flag. It has support for a break higher from a rising and bullish Relative Strength Index (RSI) that...

Heading into June, last week’s review of the macro market indicators suggested that markets looked ready to take a breather and perhaps pullback. Gold (GLD) was biased higher in the short term...

Heading into June, last week’s review of the macro market indicators suggested that markets looked ready to take a breather and perhaps pullback. Gold was biased higher in the short term in its...

TIP’s or Treasury Inflation Protected Securities, were designed to move higher in price as inflation heats up. In this way they protect against inflation eroding the value of a bond investment....

Utilities were the first sector to pullback, starting May 1. They are nearing levels that present buying opportunities. The Utilities Select Sector SPDR, XLU, has been in a rising channel since...

All eyes are focused on the Japanese market. The Smart Money is supposedly unwinding their position in Japanese Stocks and buying back their short Yen. Wednesday's chart for the Yen proxy, the FXY...