Carl Swenlin
Carl Swenlin is a self-taught technical analyst, who has been involved in market analysis since 1981. A pioneer in the creation of online technical resources, he is president and founder of DecisionPoint.com, a premier technical analysis website specializing in stock market indicators, charting, and focused research reports. Mr. Swenlin is a Member of the Market Technicians Association.
Carl Swenlin Articles
Gold has made some good progress in the last three weeks, and not surprisingly, so has the Gold & Silver Mining Index (XAU). When we looked at the chart recently, we saw a number of features worth talking about.
Last week TLT, our bond market surrogate, made a new low, then bounced up to the resistance of the declining tops line drawn from the May top. It turned down on Wednesday, we thought beginning a move to test the recent low, but today TLT...
After the October 2012 top, gold has been in decline for nearly nine months, and this week it dropped to another low that has the radio/TV gold hucksters changing their tune from "buy gold because it's going higher" to "look how cheap gold...
The Percent Buy Index (PBI) shows the percentage of medium-term BUY signals for all the stocks in the S&P 500 Index, and the chart tells us if the index is medium-term overbought or oversold. Toward the end of May the PBI hit the...
A quick look at the weekly gold chart shows that the metal is holding above a line of support that goes back over a year.
We are entering the six-month period of negative seasonality from May 1 through October 30, which will present a headwind to the market's current rising trend. While we do not specifically trade on the basis of these six-month seasonality...
An ascending wedge pattern forms when the top of a rising trend channel converges toward the rising trend line that forms the bottom of the channel. It is considered to be bearish because, rain or shine, the price line almost always breaks...
Last Friday I said we should be looking for a short-correction because the CVI (Climactic Volume Oscillator) was very overbought, and prices were approaching overhead resistance. There was a very small correction, but prices kept moving...
