Weekend Stock Market Analysis Feb/08/2014 [HD]

Weekly charts look strong for the general market. Daily charts look strong too. Hourly charts show signs of a possible resistance area. This is across the board. We will know early on in the new week if the resistance on the hourly charts is meaningful or not.

UNG [$23.62] becomes a fresh buy IF it can breakout above $24.61 on the weekly.

Watch the Gold index [$1267.00] because IF it moves above $1268.60 on the daily chart then GOLD / Miners / Silver could have a chance to rally. Surprisingly the new kid on the block JNUG [$27.17] is breaking out above 24.64 on the weekly BUT has yet to breakout above the recent daily closing high of $27.60 (which can also be used for a buy signal).

Many other stock and sectors are discussed too.