Dragonfly Capital

Running into the Memorial Day Weekend, last week’s review of the macro market indicators suggested that the equity markets continued to look strong, but with the potential for rotation into the...

The chart below of the S&P 500 shows the rising trend since the low made November 16, 2012. There have since been many instances of top callers each time the RSI has reached the 70 level or the...

About 7 weeks ago I noted that the Percent of stocks trading above their 200 day Simple Moving Average (SMA) was achieving to historical resistance levels, and suggested tightening stops and...

Since it's going to be a long weekend I thought I would put out the daily afternoon idea in time to trade Thursday, so you can take extra time off. In fact, you have to trade this before the close to...

The euro seems to have taken a back seat the last couple of weeks. First the BOJ manipulated their currency leading to a soaring stock market, then market focus shifted recently towards whether the...

Coffee (JO, KC_F) is one commodity that really needs a wake up call. You would think that all that caffeine would give it a big jolt after a two year downtrend. Traders everywhere are watching it to...

I was waxing nostalgic on the way back from my daughter’s playschool class this afternoon. I can’t say that I remember the McDonald's commercial from 1967 but I certainly remember the...

Gold (GLD) has been in the dumper. Ever since it broke below 1550 it has had some big legs down and then a slow grinding recovery before it starts down again. Is it over now? I don’t know. And...

Here is your Bonus Idea with links to the full Top Ten: Goldman Sachs, Ticker: (GS)Goldman Sachs (GS) broke the bull flag higher recently and moved up to resistance at 158.50. It has a Relative...

One name in the Oil and Gas services sector gave a clue that a turn around higher was coming, Halliburton (HAL). Back in late April it broke the bullish flag higher, and has not looked back. Are you...

Here are the Rest of the Top 10: Baidu, Ticker: BIDUBaidu, is building a bull flag at the 100 day Simple Moving Average (SMA) after a move higher out of a base at 84.75. The Relative Strength Index...

As we headed into the options expiration week for May, last week’s review of the macro market indicators suggested that the equity markets remain strong. Look for Gold to continue its...

Earlier this week, I mentioned to one of my partners that it felt like the market was reaching the acceptance phase. More and more commentators that have either been bearish or have moved to the...

As we headed into the options expiration week for May, last week’s review of the macro market indicators suggested that the equity markets remain strong. Look for Gold to continue its...

The last time Cicso (CSCO), was a popular stock this song was hitting its stride. But following the Dot com crash it has been in a rut trading nearly exclusively between 12 and 26 for 10 years. Many...

I had noted for a long time that the magic number for Gold (GLD) was 1550. Below that and the neutral trend from September 2011 would change to bearish. With several weeks below and no sign of a...