With the S&P 500 falling to a fresh two-week low, the big question is this a correction, or the start of a major trend on the downside?

I have just finished a short video that details many of the key concerns that we have for this market. If you have not seen our videos before you may enjoy this one. This video does not require a plug-in.
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PACIFIC SUNWEAR of CAL (NASDAQ:PSUN)
The Chart Analysis for PSUN below shows a very weak downtrend. However the short term signals are indicating otherwise so look for PSUN to have some choppy trading action in the near term. As always ensure to use tight money management stops to preserve your capital. for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

In my new short video I will show you some of the key elements and levels that I think should come in and support the gold market. The video is quite short, but it will lead you step by step into the detailed analysis of this not so precious metal.

The video is free to watch and there is no need to register. I would love to get your feedback about this video on our blog.

As the chart below indicates Telkom SA Ltd (NYSE:TKG) is currently in a counter trend rally.  The current up-trend could be changing and you may want to exit this market till a positive trend is more identifiable. So keep a close eye on TKG and always be sure to use tight money management stops to reduce the loss of capital.

Orthovita Inc. (Nasdaq:VITA) is in a strong uptrend that is depicted in the chart below. This market remains positive in the longer term and is being driven by strong forces and insiders. As always keep tight money management stops to preserve capital.

In the chart below for COV (NYSE:COV) it confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume back to its strong uptrend. As always make sure to use tight money management stops to preserve your capital.

Today I’d like everyone to welcome Bob Iaccino fromTraderOutlook.com. Some of you might reconognize the name, and that’s because Bob is a frequent contributor on CNBC, CNBC Asia, Bloomberg Television, Bloomberg Radio, CNN, CNN International, Fox News, and several other media outlets as a special guest analyst. Yeah he’s all over the place and he knows what he’s talking about. (more…)

In this week’s video we are revisiting Apple, Inc (NASDAQ_AAPL). I last looked at Apple on April 9th, when it was trading at considerably lower levels than where we are right now. At that time I made some projections using MarketClub’s Fibonacci tool, as to where I thought Apple was headed. (more…)

As you can see in the chart below for SPY the smart scan chart analysis confirms that a strong uptrend is in place and that the market remains positive longer term.  A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Ensure to use tight money management techniques to preserve your capital.

If you didn’t make money this month then you weren’t watching our Trade Triangles.

CURRENCIES
May has been quite a month, especially for the British Pound (GBP). In an earlier video, I alerted everyone of the potential upward move. The market ended up moving right in line with my expectations and is showing some excellent profits. One currency contract at the CME is showing a profit of over $8,000, a stunning return of over 216% over initial margin*. (more…)