The Pattern, Price & Time Report

After a three-day sell-off, September Treasury Bond futures rallied sharply higher on Friday, putting the market in a position to challenge two former tops at 152’10 and 152’19. The...

The September Australian Dollar is posting a solid gain this morning after taking out its most recent top at 1.0217. The strong move has put the Aussie in a position to challenge the July 5 top at...

The September Australian Dollar is threatening to breakdown as the daily chart is beginning to show signs of developing weakness. The lack of demand for higher-yielding assets and the slowdown in the...

The rally in the U.S. Dollar was pressuring the September Euro this morning. After trading sideways-to-lower earlier the week, the Euro accelerated to the downside after the release of the FOMC...

The September euro formed a closing price reversal on the daily chart on Tuesday, signaling that perhaps the market may have reached a short-term bottom. Monday’s low was 1.2266 and its high was...

August Gold finished the week last week on a down note as weaker than expected U.S. jobs data drove investors out of higher yielding assets and into the safety of the U.S. dollar. Since gold is priced...

The September British Pound is under slight pressure overnight as traders await the next move by the Bank of England. While the European Central Bank will be cutting its benchmark rate, the BoE will...

The September euro is trading lower overnight as investors continue to price in the expected interest rate cut later in the session. Speculation is the European Central Bank will cut its benchmark...

Another oil stock that is poised for an up move is British Petroleum (BP). Last week’s strong close has placed this stock in a position to pop through the last swing top at $40.59. A move...

After bouncing off of an uptrending Gann angle several weeks ago, Royal Dutch Shell (RDS.A), formed a main bottom at $60.62 that was confirmed by the last week’s solid rally. This week this...

Exxon Mobil, stock symbol XOM, reversed course on the weekly chart to post a solid gain on Friday. The rally helped form a new main bottom at $77.13 while setting up the market for a potential test of...

The S&P Select Energy ETF (XLE) rallied sharply higher on Friday, helping to form a new main bottom on the weekly chart at $61.11 and putting the market in a position to breakout above seven weeks...

August crude oil prices soared on Friday as traders scrambled to cover shorts after European leaders stabilized the region’s banking system, triggering a massive shift in investor sentiment....

The September Euro futures contract surged Friday morning after Euro-leaders agreed to relax conditions on emergency loans for Spanish banks. This news also opens the door for a similar aid package...

The September British Pound is under pressure this morning as traders square up positions ahead of the start of the two-day European Summit on Thursday. The uncertainty over the outcome of the meeting...

The September Australian Dollar fell on Monday as traders shed risky assets in a typical “risk-off” trading session. Concerns about Europe once again controlled the trade. Investors...