Consolidation by the DB Commodity Tracking ETF (DBC) has been accompanied by a contraction in volume. This type of price and volume action is often considered bullish.
The stock market indices had another strong session, despite a morning pullback, rallying the rest of the day to close at the session highs going away.
The dominant feature of the longer-term chart pattern of Encana Corporation (ECA) is the series of higher lows juxtaposed against a series of horizontal highs
For the moment, there is no confirmation that a downtrend is underway. However, with the Nasdaq 100, Nasdaq Composite and S&P 500 failing to reclaim support of the 50-day MA it is not unreasonable to project a short-term correction.
The effective yield on two-year notes of the Greek government has exceeded 20% and is just one of several risk aversion factors which contributed to the turmoil across global markets Monday.
The stock market indices started off with a big gap down early, and then dropped really hard early on before bouncing early in the morning and then retesting.
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