The Greek stock index broke down at support at the end of November and made a new low for the year. Since the beginning of this month, however, Greek stocks […]
Category: Technical Analysis
Coal Stocks Breaking Out to New Highs
The Dow Jones U.S. Coal Index broke out to new highs for 2010 last week after being in a trading range for most of the year. This is the highest […]
Oil Starting to Break Out of Multi-Month Consolidation
Many commodities have been rallying strongly since July. A notable exception has been oil and oil stocks, who just this past week may have finally started to break out of […]
A Look at the Trend of the Euro
Renko charts are often useful in identifying the longer term trend because they remove short term volatility in a stock chart. The Euro has been a particularly volatile currency over […]
Charting the PIIGS
With the debt troubles in Ireland making headlines over the past few weeks it’s instructive to look at the indexes of the PIIGS countries. First up is a chart of […]
Dollar Approaching a Significant Level
The U.S. Dollar Index is once again right at a significant price level at 80. This level was important during the 2008-2009 credit crisis and the 2010 Euro crisis, as […]