Mike Paulenoff

Contributor since: 26 Feb 2010

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• Bulls Remain in Near-term Control

  Published 27 March 2009 | viewed 3,844 times

  As the week closes, let's take a look at the BIG picture of the weekly cash S&P 500. Let's notice that earlier this week the…

• More Weakness Likely for SP 500

  Published 20 March 2009 | viewed 5,078 times

  The S&P 500 had an interesting week. In the aftermath of the FOMC announcement on Wednesday, the SPX climbed to 803.24 to make new recovery…

• Long the Semis

  Published 27 February 2009 | viewed 4,026 times

  Interesting day on Friday. When the dust settled, the Dow and the SPX were on their lows, while the NDX showed relative resillience. Meanwhile, the…

• New Major Upleg for UltraShort Dow

  Published 14 February 2009 | viewed 5,359 times

  Regardless of whatever carrot stick the Administration or Congress dangles in front of the equity market, my work continue to warn me that since the…

• Awaiting the Peak in the Countertrend UpMove

  Published 07 February 2009 | viewed 4,608 times

  If nothing else, then the next few days will make or break the current upmove in the equity market. Either the advance will feed on…

• Gold and Euro on the Rise

  Published 23 January 2009 | viewed 4,262 times

  Incredible that the (cash) equity indices closed slightly positive on the session on Friday after a very ugly overnight session. Most glaring from my perspective…

• Upward Pressure on Silver

  Published 10 January 2009 | viewed 3,894 times

  Both the SPDR Gold Shares (NYSE: GLD) and the iShares Silver ETF (AMEX: SLV) reversed to the upside Friday morning after getting hammered during the…

• Agribusiness ETF Should See Upside Continuation

  Published 02 January 2009 | viewed 3,583 times

  One sector that I continue to follow closely is agribusiness, which technically argues for upside continuation from a base-like pattern structure that has developed since…

• Extreme Technical Levels Point to Equities, Oil Snapback

  Published 19 December 2008 | viewed 5,374 times

  As we speak, the VIX is trading BELOW its 11/04 low at 44.25, which COULD imply that the e-SPH (890.25) and S&P 500, including the…

• Playing Dollar Weakness and Silver Strength

  Published 12 December 2008 | viewed 4,344 times

  The seven-week sideways coil pattern in the daily chart of the Euro/$ resolved itself to the upside earlier this week. The ability of the Euro/$…

• Falling Bonds, TLTs; Rising Equities, SPYs

  Published 06 December 2008 | viewed 3,981 times

  Last week we wrote about the Lehman 20+ Year T-Bond ETF (AMEX: TLT) as an indicator of flight to safety, which we believed was starting…

• Treasury Bull on Borrowed Time

  Published 28 November 2008 | viewed 4,388 times

  I must confess that the pattern in the bond market is a bit surprising. Yield on the 30-year T-bond fell to a low of 3.48%…

• From Sell the Rallies to Buy the Pullbacks?

  Published 22 November 2008 | viewed 5,480 times

  Friday's low in the S&P 500 at 741.02 tested the monthly trendline going back to October 1987, after breaking the October 2002 low at 768.60.…

• Gold Mining Stocks, ETF, Outperforming Market

  Published 14 November 2008 | viewed 4,085 times

  I have been watching the Market Vectors Gold Miners ETF (AMEX: GDX) closely since its October low at 15.74 and I am very impressed with…

• Long-Term Projections Not Pretty

  Published 26 October 2008 | viewed 6,227 times

  The enclosed weekly chart of the DJIA has the look of unfinished business on the downside prior to completing the decline off of the October…

• Capitulation Low?

  Published 11 October 2008 | viewed 6,076 times

  The most salient aspect of the weekly chart of the S&P 500 is that despite the fact that the index closed 60 points off of…

• Long Into Next Week

  Published 21 September 2008 | viewed 5,113 times

  After what appeared to be a crash in September, and a BIG SAVE by the Govt, everyone will be "happy and long" into the end…

• Acute Risks!!

  Published 15 September 2008 | viewed 6,026 times

  Tuesday likely will be another pivotal day for equities, with Goldman Sachs earnings due out before the opening bell, and at 2:15 PM ET, the…

• Two Bullish ETFs

  Published 06 September 2008 | viewed 4,683 times

  Although the Market Vectors Gold Miners ETF (GDX) action may not feel like it is at or very near to a significant low, the pattern…

• Equities Soar, Oil Slides

  Published 09 August 2008 | viewed 3,245 times

  Equities are on a roll. Looking at the Nasdaq through the daily chart of the Nasdaq 100 Trust Shares (QQQQ), we see that the Q's…