Dragonfly Capital

Two weeks ago Natural Gas (NGF) looked poised to move lower on a longer term basis when I wrote Natural Gas is Fizzling. The total body of the daily, weekly and monthly timeframes is still pointing...

How true this quote is, and very applicable to the current market environment. Just look at the long-term charts of the major equity indexes. SPDR DJ Industrial Average ETF Trust (DIA)The SPDR DJ...

One name that reports today after the close Shuffle Master (SHFL). Shuffle Master (SHFL)Shuffle Master (SHFL) has been consolidating in a symmetrical triangle since June. It has a Relative Strength...

I am told that Ohio is a battleground state. I can see why. There is natural gas underneath everything, so that makes sense. And the battle is raging as we head into the season. The natural gas season...

Abbott Labs (ABT)Abbott Labs (ABT) is moving higher and at resistance after consolidating at the 50 day Simple Moving Average (SMA). The Relative Strength Index (RSI) is bullish and rising with a...

Last week’s review of the macro market indicators saw as September began, Gold ($GLD) and Crude Oil ($USO) looking to move higher with a chance that Crude consolidates. The US Dollar Index...

Last week’s review of the macro market indicators saw as September began, gold and crude oil looking to move higher with a chance that crude consolidates. The US Dollar Index looked to continue...

The ratio of Gold (GLD) to the Euro (FXE) is breaking a 13-month symmetrical triangle higher, as shown in the chart below. Consolidating the break higher at 1.32, it has a target from the pattern...

Yes that is right. American Apparel (APP) what was once a company left for dead, and still a risky turn around play, is now starting to look good from a technical perspective. The chart below shows a...

Wheat (ZW_F) has been rising in price like all commodities this summer. But the chart shows that the summer move may have just been the first one. It is about to break out of a consolidation pattern...

American Express (AXP) broke higher last Friday, only to pullback Wednesday. Discover Financial Services, (DFS) has been trending higher since June, but it was hit as well, falling 2% like American...

This past weekend I noted what has been something strange lately. US Treasuries were moving higher as the US dollar was pulling back. It turns out that this is not so unusual. Digging deeper, the...

Gold and silver have been en fuego, with gold breaking over 1700 again to start September. Whenever these precious metals run, the equity trader immediately turns their thoughts towards the...

Aflac (AFL)Aflac (AFL) has leveled off into consolidation after trending higher since June. The Bollinger bands have been tightening throughout the consolidation foreboding a move. The Relative...

Last month in this space my Monthly Macro Review/Preview the monthly outlook suggested the upside for the US dollar and US Treasurys would continue while crude oil and gold looked to consolidate with...

Last week’s review of the macro market indicators saw heading into the last week of unofficial Summer, Gold (GLD) and Crude Oil (USO) poised to continue higher with a chance of consolidation...