The Obama administration, already charged with providing political cover for BP in the Gulf of Mexico mega-oil disaster, is also charged with allowing BP to renege on agreements between the firm, the US Environmental Protection Agency (EPA), and the state of Indiana to prevent pollution of Lake Michigan from the firm’s Whiting, Indiana refinery near […]

[Read more →]

The recent Shanghai Surprise has been breaking that potential bullish triangle I outlined several weeks ago with a downside break of 2900. Subscribers to TheMarketTrendForecast.Com may recall that was my line in the sand for the SSEC index to remain bullish. With the break of that possible bull triangle, the SSEC index has […]

[Read more →]

It has been an interesting week in the market as stocks and commodities push to extreme support levels. Below I have posted some charts showing where the market is currently trading at and what I think is likely to unfold.
Gold Futures - 4 Hour Candle Stick Chart
The price of Gold is testing a key support […]

[Read more →]

In an exclusive for Oilprice.com, the Wayne Madsen Report (WMR) has learned from Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers sources that U.S. Navy submarines deployed to the Gulf of Mexico and Atlantic Ocean off the Florida coast have detected what amounts to a frozen oil blob […]

[Read more →]

The plunge in oil prices in the wake of the euro crisis has OPEC worried.
Qatar oil minister Abdullah bin Hamad Al Attiyah emerged as an unofficial spokesman for the oil cartel over the weekend in a series of news agency reports from the Gulf that signaled the group’s concern.On Monday, as oil futures briefly […]

[Read more →]

Fibonacci Retracements - A Precision Trading Strategy
Deciding on a topic for this article, I reviewed the top ranked articles in T2W and found some fantastic material. I did not however find inspiration for a new article idea that readers may like. Perhaps strangely, I then looked at the lowest rated articles. I noticed that two […]

[Read more →]

Oil Market Summary from: 05/10/2010 to 05/14/2010
Crude oil prices plunged nearly 4% on Friday and were off almost 20% from their 18-month high less than two weeks ago, as the euro continued to lose ground against the dollar and U.S. oil inventories continued to build.
The benchmark West Texas Intermediate contract settled at $71.61 a barrel […]

[Read more →]

Last week was amazing for both gold and index traders as gold surged higher and the SP500 tested a key resistance then fell 4% in our favor. The past couple weeks with the mini market crash and Euro issues making the market extra volatile both gold and the broad market (SP500) index has been wild.
The […]

[Read more →]

Most consider the father of technical analysis (the science of forecasting market movements based on price patterns) to be Charles Dow, the founder of Dow Jones and Company which publishes the Wall Street Journal. Around 1900 he wrote a series of papers which looked at the way prices of the Dow Jones Industrial Average and […]

[Read more →]

The Andrews Pitchfork is yet another one of my “secondary” trading tools. My “primary” trading tools include basic trend lines and chart patterns, trader psychology and fundamental analysis. I use the secondary trading tools to help confirm what my primary trading tools may be telling me.

The Andrews Pitchfork is a trend-line study developed by Dr. […]

[Read more →]