United States Oil Fund USO

USO short under $31.  Target 29.50.  Wish I got in this one after the hammer formed 11/19

United States Natural Gas Fund UNG

Long setup over 23.50.

Gold and Silver

Will gold and silver continue their bullish run?
Over $34 in SLV long set up.

Over $174 long setup.  Could get aggressive on long entry over $168.

Financial Select Sector SPDR (XLF)

 GE blew past expectations this morning, further adding to a number of companies showing profits, and further feeding my bull market sentiment.  XLF financial sector spider might be one to start thinking about.  Looks like it has double bottomed around $15.80.  I'll be watching this one closely here in the coming months.  If this can break the downtrend line above around $16.75 then I'm a buyer.  Hopefully we can then blow past the recent and April 2010 $17.14 highs and move up towards the $26, 2009 level highs.  That would be a nice 50-60% return if I'm right being bullish on the under-preforming financial sector. 



via StockCharts.com
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Cotton (BAL), Has this bull run out of steam?

Cotton ETF (BAL), hit a high of $117 this March.  I thought we were looking at a head in shoulders pattern at the end of March, but subsequently it rallied again in the beginning of April.  Today BAL closed back over it's 50 EMA.  Although still bias long, I think if we can't break through the $110 level we may be seeing a triple top.  A bit of a contrarian play in my opinion, but i will definitely be watching this one closer!  May signal the commodities bull coming to an end.