Charts Of Interest

Above is a weekly chart of Platinum which has broken out of a weekly symmetrical triangle. I think Platinum will test last year's high which was made last May.





Industrial metals have already broken out of a weekly triangle. This group looks like it should continue moving higher as well. In my opinion I think all the metals should continue trending higher. Keep in mind the dollar is making 2 year lows which is confirming my bullish outlook on metals and commodities.



NT is sitting on a strong support area. It's at the 200 day moving average as well as previous highs from last year. Notice the big volume on March 26th and the lighter volume the following week when NT made a new low but there was no follow through. Looks like a low risk buying opportunity. The only thing that bothers me about buying NT here is that this stock is so much weaker than the rest of the market. I'm not sure if I'm going to buy it here, but I figured I'd post the chart anyway because it does look tempting!



The swings in the semiconductor index are getting smaller and smaller. Maybe when the $SOX breaks out of this consolidation pattern they will begin to trend.



The Japanese Yen is at the bottom of the Fibonacci retracement zone. If the Yen is going to go back up, this is the level it must hold. If the yen goes any lower the odds favor a retest of the low from last January. I've been anticipating this currency to move back up, but so far that has not happened.



I posted about GT in February saying that I'd like to buy this stock on a dip. Well I am still waiting!



The stock bond ratio is making new highs which is telling us that investors continue to favor stocks over bonds.