Dragonfly Capital

Melco Crown Entertainment, (MPEL) Melco Crown Entertainment, (MPEL) moved higher out of the ascending triangle over the summer to a consolidation zone over 33.20 support. Notice this move started...

Here are the Rest of the Top 10: ConAgra Foods, Ticker: (CAG)ConAgra Foods, (CAG),is consolidating after a move up off the pullback to 30. It has nearly filled the gap down from September 10 and has...

Last month in this space my Monthly Macro Review/Preview had the monthly outlook suggesting the markets were strong, but perhaps getting extended in some sectors. It looked for Gold and...

Last week’s review of the macro market indicators suggested, heading into the shortened Holiday week, the markets looked healthy. In the next week we looked for Gold (GLD) to continue lower...

Looking back on the past year there have been no lack of naysayers on the market. At times that could have made sense from a technical perspective. The chart just below of the S&P 500 (SPY) on a...

My life is pretty complicated and full. Between managing money for clients, writing a newsletter and working on the final edits of my book there is about enough time to sit with my family for...

How far are you going to try to deny this is a raging bull market? Not only are the leaders leading. But the large caps are participating. Names you would never think to trade are breaking out. Yes...

The Dow Jones Transportation Index (DJT) has been one of the stars of 2013 and it continues to make new highs. Last night I noted that some of the train stocks are ready to move and this should keep...

Here is your Bonus Idea: Citigroup, Ticker: CCitigroup, (C), ran higher from July 2012 until starting to consolidate in June 2013. The consolidation in a symmetrical triangle has been going on for 6...

Here are the Rest of the Top 10. I can’t recall another time when this list had a combined market cap over $400 billion without having Exxon Mobil Corporation, (XOM) or Apple Inc, (AAPL) on it:...

A weekly excerpt from the Macro Review analysis sent to subscribers on 10 markets and two timeframes. Last week’s review of the macro market indicators suggested, heading into the last week...

So it seems that a large swath of traders are now coming around to the idea that the market may just correct through rotation instead of a pullback. A correction through time if you will. If you are...

The broad market took a big step higher on Thursday but the move for Occidental Petroleum, (OXY), was an important one. Technically it had been trading in a bull flag, a slight downward consolidation,...

As the stock market started to pull out of the bottom made during the financial crisis one measure of risk taking, the ratio of US Treasuries (TLT) to Junk Bond (JNK) moved into a channel and started...

Hotel stocks have a reputation that proceeds them. Marriott (MAR) always runs up into earnings and then pulls back as the first one to report. Some smaller names then follow or never pullback. Two of...

NutriSystem (NTRI), started to move higher in June after a 8 month period of going no where. Break outs of a long base are very attractive to technical traders as the often carry very large price...