Mike Paulenoff's near-term work is telling him that after three tests of its July-February trendline during the past week, Apple (AAPL) is ripe for a counter-trend rally period.

Gold (GLD) has climbed to a new recovery high and has hurdled the 62% Fibonacci resistance plateau.

Today's weakness in the Dow following yesterday's inability to sustain new highs is a negative technical signal – albeit a very short-term oriented one.

Oracle (ORCL) looks like it could accelerate to the downside for a full-fledged test of is rising 200-day moving average.

Microsoft (MSFT) weakness has inflicted some serious damage to the near-term technical condition.

Despite what looked like a downside reversal that would usher in a pullback, the US Oil Fund (USO) barely declined prior to pivoting to the upside for another pop to new recovery highs.

While the Nasdaq indices sag after a failed secondary rally effort, the big-cap S&P and DJIA indices remain perched right near their multi-year new highs.

Looking at the daily chart, the GLD has made post-October highs at 64.94, the highest price since August.

Although the US Oil Fund (USO) closed right at its low last evening, poised to decline towards my optimal target of 44, news triggered an immediate upside reaction this morning, which has helped propel prices from under 45 to a new January recovery high at 46.65.

The Nasdaq 100 Trust Shares (QQQQ) have created a base-like pattern.