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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.


...If the dots don't connect, gather more dots until they do...




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Friday, April 29, 2011

And the sun sets on another month...

Photo taken by astronaut Douglas Wheelock who was aboard the International Space Station:

How the month of April ended for...

Daily chart of Gold:   (Hint: to open each chart in a separate window, right-click on the chart and select 'Open link in new window')

Daily chart of Silver:

Daily chart of "Gliver" (comparison chart of GLD & SLV):

3 days/candle chart of Copper:

Weekly chart of Oil:

YM, ES, NQ & TF Monthly chart (note that price closed at the end of April above the neckline of a Daily IH&S...see Daily chart following):

YM, ES, NQ & TF Daily chart showing neckline & potential upside target:

YM, ES, NQ & TF 60 min (in essence, the Daily PP, which is the horizontal pink line, has held as support each day for the past three days):

April ended on a very bullish note, indeed. Generally, and on an intraday basis, I'll look for the same bullish pattern to continue next week for the YM, ES, NQ & TF, as noted in my comments on the 60 min chart, and drill down to lower timeframes to look for entries until this fails...assuming market internals are supporting this pattern each day.