The Semiconductor HOLDRs ETF (AMEX: SMH) continues to carve out a rounded base-like pattern, which resembles an inverted head-and-shoulders.

Mike Paulenoff's preferred scenario for the U.S. Natural Gas Fund (UNG) calls for the emergence of a powerful upleg that tests the June-Sept resistance lines.

Mike Paulenoff writes that streetTRACKS Gold Shares (GLD) should be at or nearing a digestion and/or pullback period.

The hourly pattern carved out by the QQQQ exhibits a series of higher lows and lower highs that have formed a coil pattern.

Mike Paulenoff's near- and intermediate-term work argues very strongly that the Homebuilders ETF (XHB) is exhausted on the downside and that a period of price recovery is directly ahead.

Today's strength in the major banks, brokers and investment banks is pushing the Financial Select SPDR (XLF) higher.

The Internet sector and ETF (HHH), led by Amazon (AMZN) and eBay (EBAY), continue to motor higher.

GLD is up 8.5% since its August 10 pivot low at 65.15, which makes the market appear to be a bit overdone.

The spike to the upside in the U.S. Natural Gas Fund (UNG) has imbued the near-term chart structure with the look of a potentially significant near-term bottom.

Mike Paulenoff's near-term work suggests that he should be looking for another turn to the upside for a run at the top of the range.