Dragonfly Capital

There are many indicators trader and investors use to help read the market and make decisions. The Relative Strength Index (RSI), Fibonacci support and resistance levels, trendlines and Ichimoku...

Nobody would blame you if you wanted to take time off for a cruise after the events of the the last two weeks. And perhaps many are thinking that way. For those of you sticking around you can enjoy...

Now that the election is over and Obama has won a second term we can erase the uncertainty and clearly see where the markets are heading. It is higher. Take a look at the monthly chart for the S&P...

A gun stock that is. And not just any gun stock. Smith & Wesson (SWHC), shows at least 4 reasons that it is a buy. The chart below can be used as your guide. First, Friday the stock filled the gap...

Gold (GLD) and Crude Oil (USO) went through a period of high correlation in 2009 which was quickly reset a bit higher in 2010 in to 2011. Since then though the relationship has been tenuous and may be...

Honeywell (HON) the maker of control systems, including your thermostat, has had a strong move higher since June continuing the long term trend higher since the 2009 bottom. From the daily chart below...

CF Industries (CF)CF Industries (CF) has been tailing off since touching near 228 in September. The Relative Strength Index (RSI) has turned bearish on the daily chart with the Moving Average...

Catamaran, Ticker (CTRX)Catamaran (CTRX) tested the triple top at 52.50 Friday back at the Fibonacci Fan line before pulling back with the market. It has a Relative Strength Index (RSI) that held in...

Last week’s review of the macro market indicators suggested, heading into next week the markets continued to look vulnerable. Gold (GLD) was still biased lower in the channel but possibly...

Last week’s review of the macro market indicators suggested, heading into next week the markets continued to look vulnerable. Gold was still biased lower in the channel but possibly finding a...

Beam (BEAM) reports their earnings before the open Friday morning. Open Interest on the options favor a move to the upside but frankly the options are too illiquid to trade. And even if they were...

We just closed the books on another month so it's time to pull back from the day-to-day and look at the longer timeframes. The Dow Jones Industrial Average (DJIA, DIA) gets a lot of attention from the...

Last month in this space my Monthly Macro Review/Preview had the monthly outlook suggesting the upside for Copper (JJC) would continue while Gold (GLD) might consolidate with an upward bias. Crude Oil...

Illinois Tool Works, (ITW), has been beaten up lately in some press stories, for some insider selling. Who knows why insiders sell. To pay their kids tuition, buy a new house, pay their tax bill. News...

While Sandy brought the U.S. markets to a standstill, there are markets around the world that are trading. The German market, represented by the Germany Index MSCI iShares, EWG, has been interesting...

Many eyes are focusing on the price action in Deere, (DE). After it broke above 83.75, resistance since February, the stock looks ready to keep traveling higher. Currently attempting to move higher...