The chart for IYT, which tracks the performance of the Dow Jones Average Transportation index, is at a critical juncture.

Clive Corcoran's instinct would be to step aside in today’s session as the probability of some heightened volatility is increasing.

The weekly chart for GLD, the exchange traded fund which tracks the spot price of the metal, is at a very intriguing juncture and today’s commentary will be focused on some analysis of the precious metal.

Clive Corcoran would not be surprised to see 1200 on the S&P 500 index and yet another return to the 870 level for a key test of the market’s nerve in the coming months.

Many currency pairs are testing potential support in their recent run-up against the US dollar.

Clive Corcoran is not a convinced follower of any particular school relating to waves, but does look for some of the more obvious patterns on major charts, especially those of global equity indices.

Clive Corcoran thinks that it is becoming increasingly likely that the 1120 level on the S&P 500 is being targeted now by the bulls.

There is evidence that the US dollar has, at least in the near term, pulled out of its recent nose dive.

Clive Corcoran will be watching Questar Corp (STR) as there are suggestions that a decisive move above $36 could be a precursor to a breakaway pattern.

There are some divergences developing on key FX charts which are pointing to a possible letup in the selling of the US dollar.