INTC’s Recent Decline Has Taken it To Trend-Line Support from its 2009 Lows
Self-explanatory chart below – INTC is now sitting on trend-line support from its 2009 and 2011 lows. Can we expect a bounce here for INTC and with it the semiconductor space in general – both have been beaten up badly…
Does the Potential for a Gold Rally Mean Silver Must Follow it Higher?
We are long gold and have been for weeks now following a break-out of trend-line resistance that was in place since the metal’s 2011 highs. Conspicuously absent from this long position has been a corresponding long position in silver or any…...
Nasdaq Attemping to Clear Key 12 Year Technical Milestone
Last week, as the chart below indicates, the Nasdaq Composite index appears to have finally cleared its 50% Fib retracement level formed between its highs in 2000 and lows in 2002. This is a big deal in our opinion – it’s taken the Nasdaq nearly…
AMZN Entering Critical Area of Resistance; A Break-Out Likely Sets it Up to Target $435
In the chart below AMZN’s rally of late has taken it into a key area of resistance in the ~$265-$272 region. $265 marks trend-line (1) resistance formed off the stock’s 1999 and 2011 highs. $272 marks 261.8% Fib extension resistance…