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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.