Admittedly, this isn’t exactly shocking stuff. Wal-Mart has been praised for being one of the only retailers to continue posting earnings that surpass estimates. But praise hasn’t given them higher share prices since the crash in October.

As you can see, Wal-Mart’s been dropping since last October. But interestingly enough, WMT has managed to hold above its October lows.

This combined with the fact that both the RSI and Slow Stochastic are showing WMT as oversold means that buyers should rush in and push WMT share prices higher.

For the traders out there – go long and place a stop @ $47 per share. If all goes as planned, WMT should rise over 10% in the next 30 days.

A number of technically bullish things have happened over the past 30 days that has turned me into a fully fledged oil bull.

First of all, oil has been making higher highs and higher lows since bottoming in late December.

Second, oil has rallied above its 50 day moving average and since then that average has acted as support.

Third, just a few weeks ago the 20 day moving average crossed above the 50 day moving average. This is known as a bullish cross.

Lastly, the fact that both the RSI and Slow Stochastic have turned up after hitting 50 suggests the underlying trend is strengthening.

Listen if you’re buying for the long-term, this is a sweet spot to buy it at. If you’re a short-term technical trader, this is still a sweet spot to enter into.

If oil keeps rallying then I don’t expect any headwinds untill the $70 mark. By that time, the 200 day moving average should also be around there (marking a huge resistance point)

As you can see from the chart above, the US Dollar Index ($USD) has formed a nice upwards trend line that stretches back to mid-September.

Today, the dollar is hitting that support line. Also, its RSI and Slow Stochastic are both indicating that the stock is oversold and ready for a bounce higher.

Fundamentally, China won’t start dumping dollars unless they want to slam the value of its over $750 billion in treasuries it holds. China also realizes that if it begins dumping dollars, it could trigger a trade war with the US.

Both of those things are bad for China. Yet, that’s not the only reason to suspect that the dollar will remain a reserve currency for some time.

In the G20 meeting coming up on April 1, China plans to make a big deal out of creating a new reserve currency. But, if the US doesn’t want that to happen, it won’t. That’s because for the G20 to adopt a new reserve currency, it would need approval from the US (since it has veto power).

Last time I checked, the US wants to keep its reserve status. And so more than likely, the G20 meeting will be a nonevent (As far as the dollar is concerned).

The play to make is to go long the dollar and ride it back up to its previous highs. But keep a stop-loss around 82.

By taking a look at Altria’s chart, you’ll notice a recent support line that was formed around $14 per share. This support line held up perfectly despite the sell-off.

Also, the Slow Stochastic (bottom of the chart) and RSI (top of the chart) both hit oversold levels and are showing a bounce towards overbought levels. As these indicators move to overbought, we should see Altria’s share price move even higher.

Your target should be its January highs ($17.50 a share) – a nearly 10% gain.

That’s because Microsoft (Nasdaq: MSFT) still makes operating systems that are easy to use. And most people in this world have had or been on a Windows-based PC in the past.

That makes Microsoft a very strong company.

MSFT’s share price has taken a beating lately. But right now this stock looks set to pop.

I’m not calling an end to Microsoft’s rout. I’m saying there’s a high probability that its share price moves higher over the next week or two.

That’s because the RSI and Slow Stochastic both show a very clear pattern. Every time the RSI and Slow Stochastic show this stock at oversold levels (happened only three times in the past year)shares go on to rally.

And as you can see, the RSI and Slow Stochastic are oversold right now.

If this follows the previous pattern, buyers should begin to flood the market in the next day or two and take share prices higher.

How high could the go?

Considering MSFT has a hard time passing its 50-day moving average, you can expect that average to act as resistance.

That would give you a decent 16% gain in no time at all.

Not likely.

As you can see, Light Crude Oil ($WTIC) has formed a nice little downwards channel trend that stretches back all the way back from its November highs.

Combined with a Slow Stochastic (bottom of the chart) and the Relative Strength Indicator (RSI) (top of the chart) that show oil as approaching overbought, the indication is that oil prices will move down.

This morning, oil prices reacted negatively against that trend channel and lost value.

This confirms that the bearish trend line should continue and that we should see lower oil prices in the weeks ahead.

A great way to play this situation is to short-sell the United States Oil Fund LP ETF (NYSE:USO).

Now if you remember, I’ve talked about the dollar before. And I guess you can call me a “dollar bull,” if categorizing me makes you feel better about the “potentially blasphemous” words I’m about to speak.

On that day, the U.S. Dollar Index was trading at 85.71. Today, it’s trading at 88.

Had you followed my previous advice and dive into the forex markets, I bet you would have made out.

So heed my advice if you dare and take a look at this chart below…

This is a weekly chart of the U.S Dollar Index ($USD), which tracks the dollar’s strength versus six major currencies (including the euro and yen).

The first thing to notice is that the Slow Stochastic (at the bottom) and the RSI (at the top) can stay overbought for months at a time. This signals just how strong the dollars uptrend is.

Typically, stocks and currencies fluctuate from overbought back to oversold fairly quickly.

The next thing to note is that the dollar has run up to its November highs of 88.

If the dollar can break above these highs we could see it trading at 92 – 94 by next month.

So let me repeat the same recommendation I made 8 days ago:

“For you forex bugs out there, taking a long-term bullish position in the dollar should pay you greatly by the end of the year.”

But now commodities aren’t so hot. That global slowdown is taking a knife to the neck of our old friend “demand”. And the ICE Exchange is slowly melting.

As you can see, the ICE has steadily dropped from a peak of $160 down to just under $60 a share.

Today, its Relative Strength Indicator (RSI – up at top) is showing the trend as weakening. And if you look at the Slow Stochastic (below the chart) it shows ICE as recently coming off an overbought level and heading down towards oversold.

That makes this a relatively low-risk short entry point.

ICE could drop down to its current support at $50 (which was the previous low) and should find a base there. That’s a nearly 15% gain.

And if ICE drops under that, you could see it for $40 a share.

A trend channel is nothing more than two trend lines – a resistance and support line – that form a “channel” that any given stocks price trades between.

Google’s trend channel began in late November. Every time Google hit the bottom of its trend channel, shares moved higher. And every time it hit the top of, prices would stall out and move lower.

As you can see, Google is now hitting the top of its trend line. Plus, both the Slow Stochastic indicator (under the chart) and the RSI indicator (above the chart) are showing shares as overbought (meaning sellers should flood the market).

One of the best ways to capitalize on this move is by simply buying a Put option which makes money as share prices drop. The move shouldn’t take more than ten days to complete.

And that forecast was put together before the biblical drenching the Midwest suffered in the past week, when another 12 inches of rain flooded already saturated fields.

All this is sending corn futures soaring. Looking at the chart, you can see how corn has gone ballistic. Also, on the bottom of the chart, RSI (a momentum oscillator) has just given a bullish buy signal.

After this latest rainout, many corn farmers will switch to soybeans, which can be planted until the end of June with less impact on yields. And that means the corn that does grow will be much more valuable.

Jurojin already recommended our subscribers go long corn last week — after it bounced higher off of its 50-day moving average. Now, they’re racking up nice open gains, and our first profit target looms dead ahead.

Is it too late to get in on corn? Not by a long shot. We’ve seen this kind of horrible start to the crop year before — in 1993. Then, traders were slow to react to massive flooding.

The best way to play this is corn futures or options on corn futures. If you aren’t in the futures market, you could try the PowerShares DB Agriculture ETF (DBA), which tracks a basket of corn, wheat, soybeans and sugar.
This analysis is brought to you by the Secret Order of Jurojin.

Source: King Corn Retakes the Throne