US OIL & GAS PRODUCERS...

DOW JONES US OIL & GAS PRODUCERS.
Triangle breakout. Possible back filling before attempting new highs...

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HOT SPOT CHARTING

DOW JONES WORLD STOCK INDEX...


QQQQ...........


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BIG MOVE COMING...

(Click charts to enlarge)

$NDX:$NAMO, I have never seen such a swing in this weekly chart.
Usually used as a leading indicator.
Chart suggest Big Move could be coming but doesn't predict exactly when.....


Nasdaq, Daily chart showing relationship to spikes in $NDX:$NAMO weekly chart.........


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RUNNING FOR COVER...

BEP, Checkout the volume surges on this weekly chart.
Investment objective for the Covered Call Fund is to realize 85% of the long term returns of the stock market averages with only 50-60% as much risk during prolonged bear markets....


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HOT SPOT CHARTING...

GSX, consolidating just above the 50ma.........


ADPT, Potential bull flag with hammer........


JDO, Could get hot again if oil keeps rising.
Note to self: Be cautious and sure to use a stop........

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00K


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BEN GETS HAWKISH & OIL GAPS UP...

(Click charts to enlarge)

OIL gaps up on Mideast concerns...


QQQQ, Could find support around here.
Must get above 50ma. Sideways trending creates potential bear flag...


SP500 O Strip Index, Still can try upper trendline...


TICKQ, In an area where it often rebounds....

Fed chief tries to set the record straight on language change; says growth slowing, subprime woes probably contained. (CNNMonney)
http://money.cnn.com/2007/03/28/news/economy/bernanke/index.htm?postversion=2007032814

Charts and comments are NEVER INTENDED AS ADVICE...


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Can Ben make it two in a row...

(Click charts to enlarge)

$VIX, Potential bear flag...


NASDAQ 100, Potential bull flag...


$SOX, Potential bullish ADX...

Fed Chairman Ben Bernanke speaks in front of a congressional committee tomorrow morning.
This event could be a catalyst one way or the other.............................


Charts and comments are NEVER INTENDED AS ADVICE......

Oil spikes $5 on rumors of Iran attack:
After-hours contract briefly jumps 8 percent on rumors that Iran fired on U.S. warships; navy denies story, crude falls from highs. (CNNMoney.com)http://money.cnn.com/2007/03/27/markets/oil_spikes/index.htm?postversion=2007032718

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00K


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HOT SPOT CHARTING...

DRH.........


DSX............


PKX..........

Looks like we had a wash & rinse Monday.
Weak hands sold early and the shorts came up short when the markets rebounded.
Over sea's market's are trading lower at this writing.........

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HOT SPOT CHARTING...

(Click charts to enlarge)

QQQQ, Daily chart with potential path......


QQQQ, Weekly chart with a potential target in May...

The QQQQ charts represent a bullish scenario over the next month or so after completing a pullback.

However with tensions increasing over sea's, further escalation in oil prices and a possible new leg down in China as soon as this week the outlook can/will change on a dime....


BGC, Daily chart shows a rising wedge pattern...

Charts and comments are NEVER INTENDED AS ADVICE...

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