Dragonfly Capital

Tesoro Petroleum (TSO) broke out over resistance August 2nd, and has not looked back. Three gaps later, it is sitting 36% above the 50 day Simple Moving Average (SMA) and 50% above the 100 day SMA....

There was much talk about Gold (GLD) and Silver (SLV) in my stream this past weekend. Several of the comments came to the view that if Gold breaks out higher, then Silver will follow. It turns out...

Railroad stocks have been building up steam on the daily charts, and the weekly charts are now setting up as well. Take a look. CSX (CSX)CSX, (CSX) has been riding higher with uptrending resistance,...

Here is your Bonus Idea with links to the full Top Ten: Amgen, (AMGN)Amgen (AMGN) is breaking resistance of a bull flag with a top at 84. The Measured move higher takes it to 92. The Relative Strength...

Last week’s review of the macro market indicators saw heading into the new week it looked like more of the same. Gold and Crude Oil were better to the upside with Oil stronger and Gold having a...

Last week’s review of the macro market indicators saw heading into the new week it looked like more of the same. Gold (GLD) and Crude Oil (USO) were better to the upside with Oil stronger and...

US Treasuries, as measured by the ETF (TLT), have been stealing fortunes for the last several months. Just when you think that the US stock market is going higher they rally higher. And then when...

The Automobile stocks have been struggling to survive. They are currently bouncing so this might be their big break. But another smaller company that makes the guts for these cars, axles, drive...

The US Dollar Index has had a storied history the last few months. When I last looked at it publicly on May 18 in All About the Benjamins, it was about to confirm an Inverse Head and Shoulders pattern...

The homebuilder stocks have been working higher for about a year. Many are of the view that they have run their course and are ready to to pullback. Where Beazer Homes (BZH) and DR Horton (DHI) appear...

This past weekend I made a note that there is finally a coal chart that I could start to like, Arch Coal (ACI). What seems to have been missed is the caveats that came with my future approval. Let me...

Gold has staged a great goal line defense the last 3 months. Is it time for a major move? Let’s take a look...The daily chart can be interpreted as an ascending triangle with a top at 1630 and a...

The rise in Corn prices has been one of the major themes of the year. Yet one company, Ingredion, INGR, did what could be considered the unthinkable in that environment. They changed their name to...

JP Morgan, Ticker: JPM JP Morgan, JPM, is forming a bull flag at resistance at 37.25 with a Relative Strength Index (RSI) that is trying to move into bullish territory and a Moving Average Convergence...

Accenture (ACN)Accenture (ACN), is approaching historically important resistance at 62. This is also the gap down level from May. As it hits there the Relative Strength Index (RSI) is rising and...

Last week’s review of the macro market indicators saw heading into the dog days of August that the markets were looking better. Gold (GLD) and Crude Oil (USO) were poised to consolidate with a...