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Article Archive For Alan R. Northam

  • Stock Market Contraction Begins

    ARTICLE SYNOPSIS ...The expansion and contraction indicators suggest the stock market cycle has now entered into a period of contraction indicating a weakening of the stock market....

  • Chevron Begins Long-Term Bear Market

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows Chevron starting a new long-term downward trend....

  • Traders Less Aggressive - DJIA Closer To End

    ARTICLE SYNOPSIS ...Statistical analysis shows traders becoming less aggressive in buying the individual stocks making up the Dow Jones Industrial Average. This normally occurs near the end of a long-term upward trend....

  • A Method Of Statistical Analysis For The Dollar

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows the downward trend of the dollar weakening but may continue to move lower at a slower rate....

  • Exxon Mobil Intermediate-Term Trend, Troubling!

    ARTICLE SYNOPSIS ...Statistical analysis shows the intermediate-term trend of Exxon Mobil close to reversing from an upward trend to a downward trend....

  • Exxon Begins Long-Term Downward Trend

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows Exxon Mobil starting a new long-term downward trend....

  • Long Term Trend Of The Dow Nears End

    ARTICLE SYNOPSIS ...Statistical analysis shows the Dow Jones Industrial Average is nearing the end of its long-term upward trend....

  • Trend Ending For The Dow Jones Industrials?

    ARTICLE SYNOPSIS ...Statistical analysis shows the Dow Jones Industrial Average is nearing the end of its long-term upward trend....

  • Blackberry - Giving Back

    ARTICLE SYNOPSIS ...While Blackberry remains in a long-term upward trend, an intermediate-term statistical analysis shows that Blackberry is ready to give back some of its recent gains....

  • Apple: A Case For Retracement

    ARTICLE SYNOPSIS ...While Apple remains in a long-term downward trend, an intermediate-term statistical analysis shows that Apple may be ready to shed some of its excess losses....

  • Apple In Established Long-Term Downward Trend

    ARTICLE SYNOPSIS ...Statistical analysis shows Apple established in a long-term downward trend....

  • Disney Reverses Downtrend

    ARTICLE SYNOPSIS ...Intermediate-term statistical analysis shows Walt Disney entering an intermediate-term uptrend....

  • Facebook In Long-Term Price Deceleration Stage

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows the downward spiral in the price of Facebook has been slowing, but a long-term reversal in trend from down to up has not yet occurred....

  • DJIA Starts The New Year In Final Upward Stage

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows the Dow Jones Industrial Average is starting the new year in a final long-term upward stage....

  • Utilities Enter Long-Term Downtrend

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows the utility market sector entering a long-term trend reversal from up to down....

  • Caterpillar And The Dow Theory

    ARTICLE SYNOPSIS ...There are many methods available in determining the trend of an individual security or market index. One such method is the Dow Theory....

  • Exxon Mobil Long Term Trend Reversal?

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows that the Exxon Mobil long-term upward trend could be nearing an end with a long-term reversal downward a possibility....

  • Dow Jones Industrials Topping Stage

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows the Dow Jones Industrial Average is currently working through its topping stage....

  • DJIA Intermediate-Term Trend Reversals

    ARTICLE SYNOPSIS ...This statistical analysis shows that the Dow Jones Industrial Average has reversed its intermediate-term trend....

  • DJIA Reversal On The Horizon

    ARTICLE SYNOPSIS ...This statistical analysis shows that the Dow Jones Industrial Average is very close to an intermediate-term trend reversal from up to down....

  • Dow Transports Warn Of Reversal

    ARTICLE SYNOPSIS ...This statistical analysis shows that the Dow Jones Transportation Average warns of a possible reversal in trend from up to down....

  • Pfizer In Statistical Analysis

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that Pfizer is in the process of reversing its intermediate-term trend from up to down....

  • Pfizer Is Turning Down

    ARTICLE SYNOPSIS ...Statistical analysis shows Pfizer in the process of turning down....

  • As January 2012 Goes

    ARTICLE SYNOPSIS ...As January goes, so goes the year. Here, I use statistical analysis to forecast what the stock market will do in January and the rest of 2012....

  • Short-Term Look At The Dow

    ARTICLE SYNOPSIS ...This analysis shows that the Dow Jones Industrial Average is losing its upward momentum and looks to be in a topping process that could reverse its direction soon....

  • The Very Basics Of Technical Analysis

    ARTICLE SYNOPSIS ...A mini-refresher course on the very basics of technical analysis....

  • Long-Term Look At The Transports For August 2012

    ARTICLE SYNOPSIS ...Use statistical analysis to determine the health of the long-term trend of the Dow Jones Transportation Average....

  • Long-Term Look At The DJIA For August 2012

    ARTICLE SYNOPSIS ...The long-term trend of the stock market does not change very often, but it is advantageous to take a look at the market at least once a month to know what the long-term trend is doing. This analysis will use statistical analysis to determine the present condition of the Dow Jones Industrial Average....

  • Caterpillar Bear Market

    ARTICLE SYNOPSIS ...Caterpillar beaten down by the bears?...

  • JPMorgan Chase Correction Ahead

    ARTICLE SYNOPSIS ...This statistical analysis shows that over the long term, JPMorgan Chase still has farther to go on the downside, but over the shorter term it could correct for its losses....

  • United Technologies Starts Bear Market Trend

    ARTICLE SYNOPSIS ...The bear continues to lumber through the market....

  • Dow Industrials Enter Primary Bear Market

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows the Dow Jones Industrial Average entering a primary bear market....

  • Alcoa Bear Market Resumes

    ARTICLE SYNOPSIS ...This analysis shows that Alcoa has now completed its bear market consolidation and has resumed its primary bear market trend....

  • Travelers Cos. Starts Bear Market Trend

    ARTICLE SYNOPSIS ...Statistical analysis shows that the Travelers Cos. is now in a primary bear market trend....

  • Home Depot Ready To Resume Bear Market Trend

    ARTICLE SYNOPSIS ...Statistical analysis shows that the Home Depot primary bear market countertrend rally has run its course and the stage is set for the stock to resume its bear market trend....

  • NASDAQ Enters Bear Market

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that the NASDAQ Composite index is in a primary bear market but is currently undergoing a countertrend rally....

  • Dow Transports Enter Bear Market

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows the Dow Jones Transportation Average entering a primary bear market....

  • Bond Market Correction Ahead

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows that the bond market will continue higher, but shorter-term analysis shows a correction straight ahead....

  • General Electric Enters Bear Market

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows General Electric entering into a primary bear market....

  • Microsoft Ready To Move Lower

    ARTICLE SYNOPSIS ...Statistical analysis shows that Microsoft is in a long-term and intermediate-term downtrend and that it is now ready to move lower....

  • Qualcomm Enters Bear Market

    ARTICLE SYNOPSIS ...This statistical analysis shows Qualcomm now entering into a long-term bear market trend....

  • DJIA Correction Extending

    ARTICLE SYNOPSIS ...This statistical analysis shows that the Dow Jones Industrial Average price correction is extending....

  • Intermediate-Term Price Prediction For Gold

    ARTICLE SYNOPSIS ...This statistical analysis predicts the price of gold over the intermediate-term time period....

  • Gold Remains In Long-Term Uptrend

    ARTICLE SYNOPSIS ...This long-term statistical analysis shows that gold remains in a long-term uptrend....

  • Pfizer Enters Bear Market

    ARTICLE SYNOPSIS ...This statistical analysis shows Pfizer is now entering into a long-term bear market trend....

  • The Trendless DJIA

    ARTICLE SYNOPSIS ...This statistical analysis shows that the Dow Jones Industrial Average has no intermediate-term trend....

  • DJIA To Continue Downtrend

    ARTICLE SYNOPSIS ...This long-term statistical analysis shows that following the current correction, the Dow Jones Industrial Average will continue its downtrend....

  • ExxonMobil Runs Out Of Gas

    ARTICLE SYNOPSIS ...Statistical analysis shows that the bull market in ExxonMobil has run its course and a new bear market has begun....

  • Boeing Bear Market Begins

    ARTICLE SYNOPSIS ...Boeing sells out to the bears....

  • Psychology Of A Short-Term Trade

    ARTICLE SYNOPSIS ...Had I taken a short-term position in GE, now would be the time to close out the trade. Why?...

  • AAPL Bull Market Topping

    ARTICLE SYNOPSIS ...Statistical analysis shows Apple Inc. in a long-term topping process, whereas the shorter-term analysis shows that Apple has already reversed downward....

  • Short-Term Trend Still Downward

    ARTICLE SYNOPSIS ...This analysis shows that the Dow Jones Industrial Average remains in a short-term downtrend....

  • Aroon Interpretation

    ARTICLE SYNOPSIS ...The Aroon indicator is interpreted....

  • GE On My Radar

    ARTICLE SYNOPSIS ...This statistical analysis shows General Electric in an upward correction that when exhausted will reverse the short-term trend downward....

  • Industrials Have Reversed

    ARTICLE SYNOPSIS ...This statistical analysis shows the short-term trend in the Dow Jones Industrial Average has reversed downward....

  • Yahoo On Watchlist

    ARTICLE SYNOPSIS ...This statistical analysis shows Yahoo in an upward correction that when exhausted will send price in a bear market selloff....

  • RIMM Correction Ahead

    ARTICLE SYNOPSIS ...This statistical analysis shows that Research In Motion is setting itself up for at least a bounce....

  • The Right Indicator To Succeed

    ARTICLE SYNOPSIS ...The result of this analysis shows that the trader must select the right indicator in order to be successful in trading....

  • Industrials Reversing

    ARTICLE SYNOPSIS ...This statistical analysis shows the short-term trend in the Dow Jones Industrial Average in the process of reversing downward....

  • Which Indicator?

    ARTICLE SYNOPSIS ...This analysis shows that the trader must be careful in choosing the technical indicator to use when determining buy and sell signals....

  • Managing Qualcomm

    ARTICLE SYNOPSIS ...With Qualcomm in a newly established long-term bear market, it is time to manage this security looking for an opportunity to go short....

  • ConocoPhillips Completes First Leg Down?

    ARTICLE SYNOPSIS ...ConocoPhillips is currently in an established intermediate-term bear market trend. Is the first leg down complete or does it have further to go? Statistical analysis is used to explain....

  • XLE In Intermediate-Term Downtrend

    ARTICLE SYNOPSIS ...Statistical analysis shows that XLE has entered into an established intermediate-term downtrend. Unless volatility subsides, however, this downtrend could be short-lived....

  • DJIA Trend Reversal? Not Yet!

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that the Dow Jones Industrial Average remains in an intermediate-term uptrend but also warns that a trend reversal could be just ahead....

  • ConocoPhillips Becomes A Weak Bull

    ARTICLE SYNOPSIS ...Statistical analysis shows that ConocoPhillips has fallen from the category of the "strong bullish" trend and has joined the list of those energy stocks in the "weak bullish" category....

  • XLE Diffusion Index Is Falling

    ARTICLE SYNOPSIS ...By analyzing the strengths and weaknesses of the individual stocks within XLE, we can see that internally, XLE's health is deteriorating....

  • Energy Sector To Continue Higher Near Term

    ARTICLE SYNOPSIS ...Statistical analysis of the energy market sector shows that over the near term, this market should continue to move higher. However, a market correction or even a long-term downtrend reversal looms on the horizon....

  • DJIA Diffusion Index Continues To Fall

    ARTICLE SYNOPSIS ...The Dow Jones Industrial Average Diffusion Index indicates difficulty in the Dow pushing to new higher highs....

  • DJIA Enters Intermediate-Term Downtrend

    ARTICLE SYNOPSIS ...Statistical analysis is used to show the Dow Jones Industrial Average in a new intermediate-term downtrend....

  • QQQQ To Move Lower

    ARTICLE SYNOPSIS ...Statistical analysis of the technology market sector shows that QQQQ is ready to move lower....

  • DJIA Diffusion Index Completes H&S Pattern

    ARTICLE SYNOPSIS ...The Dow Jones Industrial Average Diffusion Index signals that the DJIA is ready to turn down....

  • Transportation Five-Step Reversal

    ARTICLE SYNOPSIS ...Within the study of statistical analysis, I have defined five steps to a reversal in trend. In this study I use the Dow Jones Transportation Average as the subject of analysis in identifying the steps that have been taken toward a trend reversal....

  • Transportation Diffusion Index Weakens

    ARTICLE SYNOPSIS ...The Transportation Statistical Diffusion Index suggests that the Dow Jones Transportation Average is on the cusp of a new downtrend....

  • DJIA Faces Possible Intermediate-Term Downtrend

    ARTICLE SYNOPSIS ...Will the short-term correction turn into an intermediate-term correction?...

  • S&P 500 Turns Into A Bear

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that the S&P 500 has reversed its intermediate-term trend from a bullish trend to a bearish trend....

  • Short SmallCap 600 Starts Uptrend

    ARTICLE SYNOPSIS ...Statistical analysis show the Proshares Short SmallCap 600 ETF (SBB) has now started its first upward leg....

  • UltraShort Russell 2000 In Uptrend

    ARTICLE SYNOPSIS ...Statistical analysis show that the Proshares UltraShort Russell 2000 ETF (TWM) in now in an established uptrend....

  • Small Cap Index Turns Down

    ARTICLE SYNOPSIS ...Statistical analysis is used here to show that the S&P 600 Small Cap Index has reversed from an uptrend to a downtrend....

  • Three Down, Three To Go

    ARTICLE SYNOPSIS ...I have defined six statistical signals that when completed provide an overall signal of a reversal in trend. Recent price action of the Dow Jones Industrial Average has now completed three of these statistical signals with three signals left to confirm a new intermediate-term downtrend for the DJIA....

  • Exxon Mobil Starts Downtrend

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that Exxon Mobil has started a new downtrend. We are 95% confident that this downtrend will continue over the intermediate term....

  • Primary Bull Market Secondary Reaction

    ARTICLE SYNOPSIS ...Statistical analysis is used to help clarify the difference between a secondary reaction within an ongoing bull market or the establishment of a new bear market....

  • Primary Bull Market Remains Intact

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that the primary bull market of the Dow Jones Industrial Average remains intact. However, this analysis also shows that a market top lies ahead....

  • Is The Bear Going Back To Sleep?

    ARTICLE SYNOPSIS ...Several weeks ago, the bear woke up. Is winter over, or is the bear going back to sleep?...

  • A Statistical Look At The QQQQ

    ARTICLE SYNOPSIS ...Statistical analysis is used to show the short-term trend of the technology market sector....

  • A Statistical Look At Transportation

    ARTICLE SYNOPSIS ...Statistical analysis is used to show the long-term, intermediate-term, and short-term trends of the transportation market sector....

  • A Statistical Look At Google

    ARTICLE SYNOPSIS ...Statistical analysis is an excellent method of confirming a traditional analysis of a market or security as it uses a completely different set of measurement tools, thus avoiding multicolinearity. Here I use statistical analysis to show the current long-term, intermediate-term, and short-term trends of Google....

  • Financial Sector Reversal In Trouble

    ARTICLE SYNOPSIS ...Statistical analysis is used here to show that the financial sector is close to reversing its weak downward trend to a new uptrend. However, this analysis also shows that this reversal may be diverted....

  • The DJI ETF Nears Long-Term Reversal

    ARTICLE SYNOPSIS ...Statistical analysis is used here to show that the uptrend of the Dow Jones Industrial Average is in its final stage....

  • As January Goes

    ARTICLE SYNOPSIS ...As January goes, so goes the year. Here I use statistical analysis to forecast what the stock market will do in January and the rest of the year....

  • Predicting The Santa Claus Rally

    ARTICLE SYNOPSIS ...One of the many uses of statistical analysis in the discipline of statistics is making forecasts using known data. Here I use statistical analysis to forecast the expected price range of the Santa Claus rally....

  • Walmart And The Economy In Trouble

    ARTICLE SYNOPSIS ...The long-term uptrend of Walmart looks to be coming to an end, and with it the doom of a recovering economy....

  • Simple Moving Average Trading System

    ARTICLE SYNOPSIS ...Here, the simple crossing of the closing price above or below a moving average is tested as a viable trading system....

  • DJIA Diffusion Index Falls

    ARTICLE SYNOPSIS ...The Dow Jones Industrial Average Diffusion Index suggests that as the market continues to rise, it is doing so on fewer and fewer of its components....

  • Dollar Tree On Short Watchlist

    ARTICLE SYNOPSIS ...The Dollar Tree is in a strong intermediate-term downtrend but could be setting itself up for a short-term corrective bounce. A shorting opportunity exists once the short-term downtrend resumes....

  • AT&T Is Rolling Over

    ARTICLE SYNOPSIS ...The long-term uptrend of AT&T looks to be mature and starting the long process of rolling over to the downside....

  • Transportation Sector In Downtrend

    ARTICLE SYNOPSIS ...The Dow Jones Transportation Average Diffusion Index suggests that the transportation market sector is in an established intermediate-term downward trend....

  • Diffusion Index Suggests Market Reversal Ahead

    ARTICLE SYNOPSIS ...The Dow Jones Industrial Average diffusion index suggests that a market reversal lays ahead. However, until volatility increases the Dow could continue to move higher....

  • Microcaps Turning Down?

    ARTICLE SYNOPSIS ...Statistical analysis shows the high-risk market sector turning lower....

  • The Confused S&P 500

    ARTICLE SYNOPSIS ...There are times when a market or security is in a bullish trend and there are times when it is in a bearish trend. However, there are also times when a market or security is simply confused. This is one of those times....

  • Major Market Trend Down

    ARTICLE SYNOPSIS ...This analysis shows that the major trend of the stock market remains downward but is currently undergoing a corrective rally....

  • Alcoa Bear Market Begins

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows that Alcoa has entered into a primary bear market....

  • Semiconductors Enter Primary Bear Market

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows the semiconductor market sector moving from a primary bull market to a primary bear market....

  • Whither Gold?

    ARTICLE SYNOPSIS ...Statistical analysis is about taking a sample of data, analyzing that data, and making a future forecast from that data....

  • JPMorgan Chase Enters Bear Market

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows a newly established bear market trend for JPMorgan Chase....

  • Bond Bull Market Begins

    ARTICLE SYNOPSIS ...Statistical analysis shows that Treasury Bonds have now entered into a newly established long-term bull market trend....

  • Alcoa Bull Market Is Ending

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows that the bull market in Alcoa is coming to an end....

  • Dow Trend Reversing

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that a primary change in the trend of the Dow Jones Industrial Average is reversing from a primary bull market to a primary bear market....

  • Commodity Market Trend Change Warning

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that a warning has been given of primary change in the trend of the direction of the commodity market....

  • Procter And Gamble Bull Market Ends

    ARTICLE SYNOPSIS ...Long-term statistical analysis shows that the bull market for Procter and Gamble has come to an end....

  • Gold Remains In Long-Term Uptrend

    ARTICLE SYNOPSIS ...Statistical analysis shows gold remains in a strong long-term uptrend....

  • Primary Change In Trend

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that a primary change in the trend of the Dow Jones Industrial Average is taking place....

  • Starting A New Uptrend

    ARTICLE SYNOPSIS ...Statistical analysis shows that a new uptrend has begun....

  • United Technologies Becomes A Strong Bull

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that United Technologies has graduated from a weak bull to a strong one, but danger could lay ahead....

  • Exxon Mobil Topping?

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that Exxon has completed its upward rally and is now moving in a sideways trading range. A breakout above or a breakdown below the current horizontal trading range is now necessary to determine the future direction of Exxon....

  • DJIA Trend Reversal Ahead

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that a trend reversal in the Dow Jones Industrial Average lays ahead....

  • Dollar In Bottoming Process

    ARTICLE SYNOPSIS ...Statistical analysis shows that UUP has started its bottom process but could eke out a new lower low or two before reversing upward....

  • TLT Downtrend To Continue

    ARTICLE SYNOPSIS ...Statistical analysis shows that the iShares Barclays 20+ Year Treasury exchange traded fund downtrend will continue....

  • DJIA Trend Reversal In Progress

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that the Dow Jones Industrial Average is currently in the process of reversing its trend....

  • Apple Is Ready To Turn Lower

    ARTICLE SYNOPSIS ...Apple looks to be in a topping process. By looking at price patterns, price momentum, and volume, we can come to a clear understanding about the technical condition of this security....

  • Amazon In Topping Process

    ARTICLE SYNOPSIS ...When we look at the price chart of AMZN, we might conclude that price is either forming a head & shoulders pattern, a double top, or that it just might continue to move to a new higher high. However, when we look below the surface of the price chart, we can see what is really going on....

  • Intel Near End Of Trend?

    ARTICLE SYNOPSIS ...Intel is near the end of its current downward leg, but longer term, it may have further to go on the downside....

  • QQQQ Analysis Avoids Multicolinearity

    ARTICLE SYNOPSIS ...Multicolinearity is the use of several indicators all presenting the same information. The danger of multicolinearity is an analysis of a security or market based upon limited information. Here, several indicators are carefully chosen to avoid multicolinearity, resulting in an examination based upon a broad array of information....

  • Revisiting Dow Theory

    ARTICLE SYNOPSIS ...Many market participants have become extremely bullish. It is time to put the market into perspective by comparing current price action to that of the Dow theory....

  • A Momentum Analysis Of The S&P 500

    ARTICLE SYNOPSIS ...Price looks like it could continue to chug along, inching its way upward. A look at momentum suggests otherwise....

  • Inverse Head & Shoulders?

    ARTICLE SYNOPSIS ...What looks like an inverse head & shoulders pattern does not mean it is. Through the analysis of how volume relates to price it is possible to make a distinction between what looks to be an inverse head & shoulders reversal pattern and what is not....

  • A Linear Regression Analysis Of Tekelec

    ARTICLE SYNOPSIS ...Before taking a position in any security, it is important to first look at its technical condition. In this analysis I use linear regression as the analysis tool to determine the overall trend of this technology company....

  • XLF In Long-Term Downtrend

    ARTICLE SYNOPSIS ...Linear regression analysis shows that Financial Select SPDR ETF is in a long-term downtrend....

  • A Linear Regression Analysis Of The DJIA

    ARTICLE SYNOPSIS ...Linear regression analysis is used here to show that the Dow Jones Industrial Average is most likely in the very early stage of rolling over to the downside....

  • US Dollar ETF In Bottoming Process

    ARTICLE SYNOPSIS ...Linear regression can be used to determine the technical condition of the US dollar....

  • Secondary Reactions

    ARTICLE SYNOPSIS ...Secondary reactions can be used to determine when a bull or bear market trend begins and ends....

  • TWM Hits Median Line, So What Next?

    ARTICLE SYNOPSIS ...The Russell 2000 Inverse ETF has now hit the median line of the Andrews pitchfork but failed to hit its initial price target. What next? Should we expect TWM to reverse back down or continue up to hit its initial price target?...

  • Russell 2000 Inverse ETF Now In Uptrend

    ARTICLE SYNOPSIS ...The ProShares UltraShort Russell 2000 ETF is now in an upward trend. By using the Andrews pitchfork, we can determine an initial target price....

  • Lower Prices Ahead For Gold

    ARTICLE SYNOPSIS ...Gold has been working its way higher since early February. However, a negative divergence has developed over the last month, forecasting that this market could see lower prices ahead....

  • Reading The Bar, Identifying The Countertrend

    ARTICLE SYNOPSIS ...The main trend of a market determines its long-term trend. However, long-term trends are regularly interrupted by countertrends otherwise known as market corrections. By reading the bar of the next smaller time frame, you can determine if the market is trending or countertrending....

  • Reading The Bar, Identifying The Trend

    ARTICLE SYNOPSIS ...It is easy to get trapped in relying upon technical indicators to identify the direction of the trend when all necesssary information is embedded within the trading bar. By properly reading the bar it is possible to identify the trend of a market without the delay that comes from relying upon most technical indicators....

  • Time For The Bear Market To Resume

    ARTICLE SYNOPSIS ...The NASDAQ as well as the overall stock market has been in a secular bear Market since 2000. However, from early 2009 to the present the NASDAQ has been moving upward in a bear market correction. It is now time for this correction to end and the bear market to resume....

  • Secular Bear Market Remains Intact

    ARTICLE SYNOPSIS ...The rally off the February 2010 low has now pushed so far that traders and even market analysts are now starting to consider that a new bull market is underway. According to the Elliott wave theory, however, the market has one more down leg to go that will carry the market to a new lower low before a bull market can emerge....

  • Crossroads For The Qs

    ARTICLE SYNOPSIS ...Sometimes in our analysis of the stock market, or an individual stock, we come to a crossroads, a split in the direction of the trend where it is possible for price to take one of two differing paths. The QQQQs are at such a crossroad. It is possible that the QQQQs could continue to trade higher from current price levels but it is also possible for the Qs to turn back down....

  • S&P 500, Bull Or Bear?

    ARTICLE SYNOPSIS ...Many methods are used to determine if the stock market is in a major upward trend or a major downward trend. One method compares price to its 200-day moving average. The method used here analyzes each stock within the S&P 500 to make this determination....

  • Momentum Indicator Measures Trend

    ARTICLE SYNOPSIS ...When we are using a momentum indicator, it is important to know what is being analyzed....

  • S&P 500 To Head Lower

    ARTICLE SYNOPSIS ...The Elliott wave theory shows that the S&P 500 has much farther to go on the downside before we can consider the market ready to start moving higher....

  • Know The Trend, Know The Trade (Part 2)

    ARTICLE SYNOPSIS ...By knowing the high-probability direction of the market, we know how to trade it....

  • Know The Trend, Know The Trade

    ARTICLE SYNOPSIS ...Before a decision is made to trade a particular security, the trader must know the longer-term trend....

  • TWM Hits Price Target

    ARTICLE SYNOPSIS ...After hitting the median line of the Andrews pitchfork and forming a closing price reversal bar but not hitting an expected price target, the trader may consider the move over. However, by proper analysis of the market in question, it can be shown whether a high probability still exists for that market to still hit its price target....

  • SMH Remains In Uptrend

    ARTICLE SYNOPSIS ...While there are many different methods used to determine trend, this one uses the rate of change indicator....

  • Financial Select SPDR In Downtrend

    ARTICLE SYNOPSIS ...By using a simple momentum indicator, it is possible to determine the trend and momentum of XLF....

  • Which Momentum Indicator Should You Use?

    ARTICLE SYNOPSIS ...To arrive at a correct analysis of volume momentum, the analyst must use the correct momentum indicator....

  • Momentum Indicator Measures Momentum

    ARTICLE SYNOPSIS ...It is not the acceleration period of momentum that is important, it is the deceleration period....

  • Head & Shoulder Pattern Reverses The S&P 500

    ARTICLE SYNOPSIS ...A head & shoulder pattern has developed and signals a major trend reversal for the S&P 500....

  • iPad And The Price Of Apple Inc.

    ARTICLE SYNOPSIS ...Now that Apple has launched its new iPad, how will this affect the future price of Apple?...

  • Dollar In Uptrend

    ARTICLE SYNOPSIS ...Many methods of technical analysis can be used to determine the future trend of the US dollar. This analysis uses methods developed by Alan Hall Andrews including the use of the Andrews pitchfork....

  • Semiconductors Reverse Trend

    ARTICLE SYNOPSIS ...The Semiconductor HOLDRS exchange traded fund is considered a leading indicator of the stock market and the economy. By determining the trend of this ETF, a prediction about the future of the stock market and the economy can be determined....

  • Is The Top At Hand?

    ARTICLE SYNOPSIS ...Many methods can be used to determine if the stock market is still in a bull market or if a new bear market is just now getting under way. The method used here analyzes each stock within the S&P 500 and draws a conclusion as to the whole of the stock market based upon the sum of its individual parts....

  • Dollar, Up Or Down?

    ARTICLE SYNOPSIS ...The dollar has been in a downward trend since last March. However, in early November 2009, the dollar broke out above its downward sloping trendline. Once a trendline is broken the question becomes, "Has the market under study reversed its trend?" To answer this question, it is important to pay attention to what the market does following the breakout....

  • As FedEx Goes...

    ARTICLE SYNOPSIS ...There's a saying. Have you heard of it? "As FedEx goes, so goes the rest of the market." FedEx is in the transportation business, moving manufactured goods to distribution centers and to retail outlets, among other things. The movement of goods from one point to another indicates a demand by consumers for these goods. As long as goods are being moved, there also exists a demand to manufacture goods. The manufacturing of goods, the transportation of goods, and consumer retail spending is good for the economy and the stock market....

  • The Gold Miner And The Pitchfork

    ARTICLE SYNOPSIS ...One of the useful aspects of the Andrews pitchfork is that it can be drawn from any series of three alternating high and low pivot points. With each pitchfork drawn, a story about the trend is told. With each of the pitchforks drawn as seen here, the story of the Gold Miners ETF is unraveled....

  • Hagopian's Rule

    ARTICLE SYNOPSIS ...Alan Hall Andrews was made famous by his invention of the Andrews pitchfork. However, there were many other technical analysis tools that he developed and used in his own trading. One tool that worked so well that he added it to his own arsenal of technical analysis tools was the Hagopian rule....

  • Mini-Median Line Pitchfork Identifies Trend Reversal

    ARTICLE SYNOPSIS ...In addition to developing the pitchfork formation, Alan Hall Andrews also developed a lesser-known pitchfork known as the mini-median line pitchfork. The mini-median line was Andrews' favorite, as it generated timely buy and sell signals in addition to being indispensable whenever a trend reversal was expected. Here's how Andrews used the mini-median line to identify the area in which a trend reversal could occur....

  • Andrews Pitchfork Predicts Higher Trend -- For Now

    ARTICLE SYNOPSIS ...According to the pitchfork formation that Alan Hall Andrews became famous for, the S&P 500 will be reaching higher highs — for the moment....

  • Significant Pivot Points Determine Trend

    ARTICLE SYNOPSIS ...Alan Hall Andrews became famous for the Andrews pitchfork, but he also developed many other trading techniques. One such technique is his unique way of using pivot points. This article discusses how Andrews would have identified and used significant pivot points to determine when the upward trend of the Standard & Poor's 500 should reverse to the downside....

  • Using The Andrews Trendline Technique

    ARTICLE SYNOPSIS ...Alan Andrews became famous for the Andrews pitchfork, but he also developed many other trading techniques. One such technique is his unique way of using trendlines. This article uses Andrews' trendline technique to determine the future direction of the Gold Miners exchange traded fund (ETF)....

  • IAI Leads Stock Market Lower

    ARTICLE SYNOPSIS ...The Broker/Dealer Index has a longstanding reputation as a stock market leader. In good times, the index leads the stock market higher, while in bad times it leads the stock market lower. These appear to be bad times....

  • Price And Time Targets

    ARTICLE SYNOPSIS ...By using the Fibonacci retracements and the Andrews pitchfork, a price and time relationship can be determined to forecast when a price target should be reached....

  • SMH In Downtrend

    ARTICLE SYNOPSIS ...SMH has now reversed from an uptrend to a downtrend. By using the Andrews pitchfork, the price level at which a new lower high price will form can be determined as well as the slope of the new downward trend. In addition, by using the pitchfork it can be determined when price starts to accelerate to the downside....

  • Entering The Trade

    ARTICLE SYNOPSIS ...There are three steps a trader must make in entering a trade. The first is to identify the trend, the second is to determine when to place a trade, and the final step is to determine the risk involved....

  • Gold SPDR Set Up For A Trend Reversal

    ARTICLE SYNOPSIS ...Besides the pitchfork, Alan Hall Andrews developed many other lesser-known methods of technical analysis. Among these is the sliding horizontal line. The sliding horizontal line along with the pitchfork shows that the Gold Shares ETF is now set up for a trend reversal....

  • A Confluence Of Price And Time

    ARTICLE SYNOPSIS ...By using two different methods of technical analysis, it is possible to arrive at a confluence of price and time that defines not only a price target but a date at which the price target is expected to be reached....

  • XLY In Trading Range

    ARTICLE SYNOPSIS ...The consumer discretionary market sector is one of the leading market sectors of the economy and the future direction of the stock market. This market sector is currently in a trading range and its breakout will determine the direction of the economy and the stock market....

  • Reversal Bars Signal Trend Change

    ARTICLE SYNOPSIS ...Many methods can be used to determine the trend of the market. One such method is the use of one- and two-bar reversal patterns....

  • Gold Miners ETF Remains In Strong Uptrend

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that the Market Vectors Gold Miners exchange traded fund remains in a strong long-term upward trend but also shows some early signs that the end may be near....

  • Commodity Market Ready For A Correction

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that the commodity market remains in a long-term uptrend, but that it is ready to correct for its recent gains....

  • Bonds In Established Downtrend

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that bonds are in an established downtrend....

  • The Dollar To Move Higher Still

    ARTICLE SYNOPSIS ...Statistical analysis is used to show that the dollar is in an uptrend with an expected price target of 25....

  • A Statistical Analysis Of Qs

    ARTICLE SYNOPSIS ...In this analysis I use statistical analysis to determine the overall trend of NASDAQ 100....

  • A Statistical Analysis Of Vertex Pharmaceuticals

    ARTICLE SYNOPSIS ...Before taking a position in this security it is important that I first look at its technical condition. In this analysis I use linear regression as the analysis tool to determine the overall trend of this pharmaceutical company and when to time my trade....

  • Microsoft Enters New Downtrend

    ARTICLE SYNOPSIS ...Microsoft, which has been in an upward correction for more than a month, is once again headed lower....

  • Volume Helps Identify Gold Trend

    ARTICLE SYNOPSIS ...Volume is not always included in the analysis of a security or market index, but when it is, it provides valuable insight into the analysis that can affect the outcome. In the analysis of GLD, volume sheds a whole new light on the direction of gold....

  • Adding Volume To The Analysis

    ARTICLE SYNOPSIS ...The whole purpose of technical analysis is to use past price and volume data to determine the future direction of a security or market. An analysis that does not include volume, however, is not a complete technical analysis. When volume is considered along with price, a whole new analysis is often the result....

  • Wave (3) Down Under Way

    ARTICLE SYNOPSIS ...The Standard & Poor's 500 has now completed an upward correction composed of wave (2) and wave (3) downward under way....

  • IWM In Uptrend But Critical

    ARTICLE SYNOPSIS ...The long-term and intermediate-term trends are critical to the health of a bull or bear market. Currently, IWM remains in a bull market, but its health is critical. These two lifelines need to stay healthy to keep the bull market alive for IWM....

  • Counting The Waves

    ARTICLE SYNOPSIS ...The whole purpose of technical analysis is to predict future prices. There are many technical analysis tools that the trader can use for this purpose, of which counting the Elliott wave is one....

  • Reading The Bar, Identifying Momentum

    ARTICLE SYNOPSIS ...Comparing the length of each trading bar with respect to the one that came before makes it possible to identify buying and selling momentum. Having identified momentum, it becomes possible to forecast the future direction of the underlying stock or market....

  • Gold Nears Peak

    ARTICLE SYNOPSIS ...Gold bugs are getting excited about buying gold once again since the precious metal is so close to making a new high, but caution is the order of the day. According to the Elliott wave theory, gold is about to go down and not up....

  • DJIA Close In On Top

    ARTICLE SYNOPSIS ...The Dow Jones Industrial Average has now hit the 10,000 market again. Now, will the market continue higher or will it reverse and move lower? The Elliott wave theory is calling for a market top....

  • A Stock Market On The Verge Of Collapse

    ARTICLE SYNOPSIS ...There are four basic analytical tools an analyst uses to measure the health of an individual stock or the stock market as a whole. One is price patterns, one is momentum, another is volume, and the final one is breadth. By using these four tools we can note whether the stock market is on the verge of collapse....

  • Small Caps Topping

    ARTICLE SYNOPSIS ...The Russell 2000 Small Capitalization exchange traded fund has gained over 80% this year and now looks to be topping out....

  • NASDAQ Rally Is Over

    ARTICLE SYNOPSIS ...The NASDAQ has broken down below its upsloping trendline, signaling that the upward rally off the March low has come to an end and a new trend has begun. Is this new rally a trading range, a more shallow upward rally, or a major trend reversal?...

  • Falling Wedge Approaches Target

    ARTICLE SYNOPSIS ...The NASDAQ has broken out of a falling wedge pattern, signaling a trend reversal from down to up and moved higher for almost two months. Will the market continue higher from here, or will a market correction set in? The falling wedge provides the answer......

  • Back To Basics

    ARTICLE SYNOPSIS ...Is the stock market at the bottom and ready to start a new bull market, or is the stock market bottom still ahead of us? Let's go back to the basics of technical analysis to answer this question....

  • Gold Turns Down

    ARTICLE SYNOPSIS ...GLD made a bull market top in March 2008. Since then, GLD has been consolidating its gain from its 1999 runup. The target price for the completion of the consolidation in GLD is calculated at $66....

  • Ratio Analysis Defines Market Direction

    ARTICLE SYNOPSIS ...Several methods are used in technical analysis to determine the future direction of the stock market. Among these various methodologies is ratio analysis....

  • Financial Sector Fuels The S&P 500

    ARTICLE SYNOPSIS ...The S&P 500 has now run up against key resistance and cannot seem to break through to continue its advance. The financial market sector is the fuel for the S&P 500. Has the S&P 500 run out of fuel?...

  • S&P 500 Breaks Series Of Peaks And Troughs

    ARTICLE SYNOPSIS ...The S&P 500 has now broken its series of lower peaks and lower troughs, signaling the end of the bear market downtrend that began in October 2007. However, it is still unknown as to whether a new bull market upward trend is in progress....

  • Still A Bear Market

    ARTICLE SYNOPSIS ...Much commentary of late suggests that we are now in a new bull market. However, the basics of technical analysis says otherwise....

  • Retail Sector Says Market Bottom Not In Yet

    ARTICLE SYNOPSIS ...There are many ways to measure if the current low in the market is the bottom. Among these is the major trend direction of the retail market sector....

  • Is The Stock Market Bottom Here?

    ARTICLE SYNOPSIS ...News reporters, economists, and stock market forecasters view the current low in the stock market as the stock market bottom. There are many ways to measure to find out if it is. Here is one way....

  • More Bang For Your Trading Buck

    ARTICLE SYNOPSIS ...One way to get the most bang for your trading buck is to short stocks from a market sector that is underperforming the market index to which it belongs....

  • Dow Theory Says Market Correction Is Over

    ARTICLE SYNOPSIS ...The corrective rally for the Dow Jones Industrial Average (DJIA) is now over and a new downward trend is being established. However, this new downward trend remains unconfirmed but will be, once the Dow theory has been satisfied....

  • Is The Dollar And Gold Decoupling?

    ARTICLE SYNOPSIS ...Normally, the US dollar and gold move in opposite directions. However, in recent days they moved in the same direction. Is this a sign that the dollar and gold are decoupling, or is this just an anomaly?...

  • QQQQ Trade Setup

    ARTICLE SYNOPSIS ...In defining when a trade should be taken, the trader looks for a valid trade setup, a high-probability area to enter the trade known as a trigger, and a high-reward area known as a target. The PowerShares QQQ Trust has provided such an opportunity....

  • How Low Can The Dow Go?

    ARTICLE SYNOPSIS ...The Dow Jones Industrial Average has now moved below its November 2008 low. How low can the Dow go?...

  • Financial Sector Leads Broader Stock Market

    ARTICLE SYNOPSIS ...There are many ways to determine if the stock market is at or near a major market bottom. One way is by looking at the financial sector. Turns in the financial sector normally lead turns in the broader stock market....

  • S&P 500 To Thrust Lower

    ARTICLE SYNOPSIS ...The S&P 500 is currently in a wave 2 market correction. Once this correction is completed, the S&P 500 will thrust downward to a new price low....

  • Has Homebuilders Put In A Bottom?

    ARTICLE SYNOPSIS ...Reports are that the economy may be on the road to recovery as homebuilding picks up. Has homebuilding stocks bottomed and a new bull market emerged, or is homebuilding stocks setting themselves up for a fall?...

  • DJIA Resumes Downward Trend

    ARTICLE SYNOPSIS ...The corrective rally off the late November low came to an end in mid-January 2009, and on February 2, 2009, the DJIA officially resumed its downward trend....

  • Technology Leading Broader Stock Market Higher

    ARTICLE SYNOPSIS ...There are two market sectors that lead the broader stock market higher. By knowing the current trend of these market sectors, it is possible to know what the future trend of the broader stock market is. One of these market sectors is the technology market sector....

  • When Did The Bull Market Officially Begin?

    ARTICLE SYNOPSIS ...The market rally off the March low began as a market correction in an ongoing bear market. Later it started to be called a bull market. When did the bear market officially end and the bull market begin?...

  • Are Utilities Signaling A Higher Stock Market?

    ARTICLE SYNOPSIS ...The utilities market sector continues to underperform the Standard & Poor's 500. Does this signal higher prices ahead for the broader stock market?...

  • Health Care Determines Market Direction

    ARTICLE SYNOPSIS ...There are many ways to measure the expected future direction of the overall stock market. One way is to determine what the defensive market sectors are doing....

  • Stock Market Corrects

    ARTICLE SYNOPSIS ...The stock market has now entered into a market correction. There are those market participants that are calling for the end of the upward rally at this price juncture and those who forecast the market will continue higher. Let's look at the technicals to see what the market is saying....

  • Traders Remain Confident In The Stock Market

    ARTICLE SYNOPSIS ...There are many ways to measure the confidence of traders to the stock market. One way is to determine if the Consumer Staples market sector is underperforming or outperforming the S&P 500....

  • Are The Industrials Outperforming?

    ARTICLE SYNOPSIS ...Relative strength analysis compares one stock or market to another to determine if that stock or market is out- or underperforming the stock or market it is being compared to. Here the industrial market sector is compared to the S&P 500 to determine if it is out- or underperforming the market index to which it belongs....

  • Is The Recession Over?

    ARTICLE SYNOPSIS ...Is the recession over and the economy In recovery? One way to answer this question is by looking at what the financial market sector is doing....

  • Falling Wedge Signals NASDAQ Reversal

    ARTICLE SYNOPSIS ...The NASDAQ has been in a downward trend since October 2007, but now, this market has broken out of a falling wedge pattern. This breakout is signaling a reversal in trend from down to up....

  • Apple Hits 17-Month Low

    ARTICLE SYNOPSIS ...Apple, Inc., has now made a 17-month low and is ready for a bounce. Once this market corrective bounce is complete, the stock should head for a price target of $67.60 to $50.70 per share....

  • Financials Start Last Leg Down

    ARTICLE SYNOPSIS ...The Financials Select Sector SPDR (XLF) made a market top in May 2007 and has been trading in an ABC zigzag market correction pattern since. It now appears that XLF has started the last leg down of the market correction that is correcting the previous complete bull market....

  • QQQQ Breaks Key Support

    ARTICLE SYNOPSIS ...The QQQQ has now broken below key support drawn off the mid-March price low, confirming that crash wave (3) of 3 is now under way. The target price for the completion of the crash wave is calculated to be $28.03. However, once the crash wave is complete, this market will still make a lower low before a major bottom is in place....

  • Bear Market Isn't Over Yet

    ARTICLE SYNOPSIS ...Depending upon how the Fibonacci retracement tool is used, there is a range of possible support areas that could turn the S&P 500 back upward. However, what we need to be looking for is a trend reversal pattern....

  • Homebuilders SPDR Turns Down

    ARTICLE SYNOPSIS ...The market correction for XHB is over, and this homebuilder index has now resumed its selloff in the direction of its major trend....

  • Government Bailout Changes Nothing

    ARTICLE SYNOPSIS ...The US government bailed out ailing Freddie Mac and Fannie Mae. Some traders see this as a positive for the markets. However, the bailout changes nothing. Here's why....

  • Energy Select SPDR Has Peaked

    ARTICLE SYNOPSIS ...The bull market in XLE that started in 2002 came to an end in May 2008. XLE has broken the up trendline and is now in a market correction that could see XLE fall to 50 or more....

  • QQQQ Crash Coming?

    ARTICLE SYNOPSIS ...QQQQ has now entered into wave (3) of 3, the crash wave, just in time for the worst two months of the year for the stock market. Expect QQQQ to sell off rapidly from here on out....

  • Can The GDP Move The Market Higher?

    ARTICLE SYNOPSIS ...The latest GDP numbers are now out and they were better than expected. Investors are starting to get optimistic about the economy, but will the positive GDP data move the stock market higher?...

  • Oil Hits Bottom

    ARTICLE SYNOPSIS ...In a previous article entitled "Is The Oil Uptrend Over?" published on 07/23/08, I wrote that oil could fall to as low as $53 per barrel. Today, I am reporting that oil has fallen to a low of $50.44 and a low in oil could be in place....

  • NASDAQ Bottom? Not Yet!

    ARTICLE SYNOPSIS ...The NASDAQ recently made a huge upward move of 9.53% and market analysts are saying that the bottom of the bear market may be at hand. However, the NASDAQ has further to go on the downside before the market bottom is found....

  • S&P 500 Triangle?

    ARTICLE SYNOPSIS ...The S&P 500 looks like it's tracing out a symmetrical triangle wave formation, but this may not be a valid wave form. Here's why....

  • Financial Select SPDR Bottom?

    ARTICLE SYNOPSIS ...XLF is close to completing an ABC zigzag market correction. Will it mark the bottom for the financial sector or if it is simply a part of a much larger market correction?...

  • NASDAQ Short-Term Support

    ARTICLE SYNOPSIS ...Recent commentary of market analysts has them looking at NASDAQ support as a possible market bottom. However, this is only a short-term area of support with much further to go on the downside....

  • Utilities Select SPDR Hits Target

    ARTICLE SYNOPSIS ...XLU formed a head & shoulders major trend reversal pattern and has hit the price target based upon this pattern. Is XLU now ready to bounce or will it continue lower?...

  • Looking For The NASDAQ Bottom

    ARTICLE SYNOPSIS ...With the NASDAQ now in a bear market trend, it is possible to use Elliott wave theory to forecast when the downward trend will come to an end....

  • Retail Sector Leads Economy Lower

    ARTICLE SYNOPSIS ...Retail sales account for two-thirds of the economy. By looking at the retail sector of the stock market we can look into the future and see that the economic plan that Congress has been working on so hard to pass is not a quick fix, and the economy still has further to fall before a recovery is realized....

  • Financial Select Sector Completing Final Leg Down

    ARTICLE SYNOPSIS ...XLF has now completed all the Elliott wave rules and guidelines for the completion of the ABC zigzag market correction. The financial market could be on the cusp of a new bull market....

  • Silver Standard Resources Flag Breakdown

    ARTICLE SYNOPSIS ...The flag formation for SSRI has failed and signals that the SSRI will continue to trade lower in the short term. However, the short-term upward trend for SSRI should resume once this correction is complete....

  • Silver Standard Resources Bouncing Off Support

    ARTICLE SYNOPSIS ...SSRI is bouncing off a long-term support zone and is entering into a corrective rally that could see silver move up to $21.00 per ounce before the selloff resumes....

  • AMEX Diamonds Trapped In Trading Range

    ARTICLE SYNOPSIS ...DIA is currently trapped in a trading range and a breakout either to the upside or downside is required to determine the future direction of this market. However, the higher probability is for a breakout to the downside and a continuation of the down trend....

  • Gold To Fall 34%?

    ARTICLE SYNOPSIS ...Using Elliott wave analysis we can calculate that StreetTracks Gold Trust Shares should fall approximately 34% from current price levels....

  • The DJIA Bear Market Continues

    ARTICLE SYNOPSIS ...Now that the market rally off the mid-March lows is complete, the DJIA bear market continues....

  • Setups, Triggers, And Risk To Reward Ratios

    ARTICLE SYNOPSIS ...A trader should not just jump into a stock position but should first define a valid trade setup, define his risk to reward ratio, and set the trigger price. GOOGLE (GOOG) is used here to explain how to properly enter a stock position to increase the probability of a successful trade....

  • QQQQ Rally Complete?

    ARTICLE SYNOPSIS ...The bear market rally that started in mid-March now looks complete. If the Elliott wave count is correct, then the bear market that started at the end of October 2007 for QQQQ has now resumed....

  • Bull Or Bear?

    ARTICLE SYNOPSIS ...Is the market rally off the mid-March low a bear market rally or the resumption of the bull market trend? The unbreakable rules of the Elliott wave theory can be used to answer this question....

  • Support And Resistance Lines Define Market Trends

    ARTICLE SYNOPSIS ...Support and resistance lines not only help traders in identifying areas of support and resistance, but they can be used to determine the trend of the market....

  • Short Verizon

    ARTICLE SYNOPSIS ...All indicators point toward Verizon as a possible shorting candidate....

  • Short Gold

    ARTICLE SYNOPSIS ...The moving average convergence/divergence (MACD) indicator has recently risen to its zero line and is now turning back down, setting up an ideal short-selling position for gold....

  • Moving Averages Define Market Trends

    ARTICLE SYNOPSIS ...Moving averages are a simple way of defining the short-term, intermediate-term, and long-term market trends. The timing of these trends also help traders in determining how long these trends should last....

  • Apple Up Against Strong Resistance

    ARTICLE SYNOPSIS ...Apple has rallied into a price area laden with multiple lines of resistance forming strong resistance that will most likely turn this market back down....

  • Financial Market To Lead Broader Market Up

    ARTICLE SYNOPSIS ...The financial market looks as if it is ready to turn higher, indicating that the broader stock market could turn higher as well within the next few months, if not sooner....

  • Exxon Running Out Of Gas?

    ARTICLE SYNOPSIS ...Ever since 2002, Exxon's share price has been consistently moving higher and higher. Does Exxon have the energy to continue higher, or is it running out of gas?...

  • QQQQ Set To Fall

    ARTICLE SYNOPSIS ...According to Elliott wave theory, a stock or market trends in a certain direction in five waves with symmetrical triangle patterns forming as wave 4. Once wave 4 is complete, the stock or market continues in the direction of the trend to complete the final wave, a fifth wave....

  • Dow Transport Index New High Prediction

    ARTICLE SYNOPSIS ...The Dow Jones Transportation Average has made a price high in July 2007 and in May 2008. The transports could now be set to make one more run at yet another new high in the very near future....

  • Technology Select SPDR Ready To Break Down

    ARTICLE SYNOPSIS ...XLK made a market low in mid-January and has been trading in an upward trend ever since. However, the evidence points out that this uptrend is nothing more than a bear market rally that is about to end....

  • Financials Select SPDR Double Bottom?

    ARTICLE SYNOPSIS ...By casual observation, XLF looks like it is forming a double bottom, but don't be taken in. XLF has found some short-term support, but the main trend is still down, and here's why....

  • Homebuilders Headed South

    ARTICLE SYNOPSIS ...The SPDR S&P Homebuilders Index has completed its corrective wave pattern, signaling that this index of homebuilders is now headed south....

  • XRT Forms An Ending Diagonal

    ARTICLE SYNOPSIS ...The SPDR S&P Retail Index is forming an ending diagonal corrective wave pattern, signaling that the retail index will continue to move lower in price once this corrective pattern is complete....

  • XLF Starting Downward Spiral

    ARTICLE SYNOPSIS ...The Financials Select Sector SPDR has now been in a downtrend for more than a year, but the worst is yet to come. XLF is on the verge of spiraling down as Elliott wave 3 gets under way....

  • Is USO Ready To Turn Lower?

    ARTICLE SYNOPSIS ...USO has been in a bull market since 1999. However, there is a high probability of overhead resistance that could turn this fund downward for a selloff of as much as 62%....

  • Big Blue Hits Major Resistance

    ARTICLE SYNOPSIS ...IBM made a market peak in 1999, a price minimum in 2002, and has been in a recovery rally since. Now, however, IBM has run back up to its market price peak set in 1999 and may not be able to break out above it....

  • Apple Selloff Under Way

    ARTICLE SYNOPSIS ...Apple has been in a bull market since 2003, but it now appears that this bull market ended at the end of 2007, and Apple could sell off to as low as $80 per share....

  • Is The Oil Uptrend Over?

    ARTICLE SYNOPSIS ...USO has been in an uptrend since 1999, but it now looks like the upward trend is over and a sizable correction in oil is at hand, one that could drop the price of oil to as low as $53 per barrel....

  • Is Gold A Safe Haven For Your Money?

    ARTICLE SYNOPSIS ...With the stock market now officially entering into a bear market, traders are looking to gold as a safe haven for their money. However, gold may not be the safe haven that traders think it is....

  • Financial Select SPDR Correction Ahead

    ARTICLE SYNOPSIS ...XLF made a market top in May 2007 and has been trading lower ever since. Now it looks as if XLF is close to a market correction that could retrace from 38% to 62% of the ground lost in the decline....

  • Material Select SPDR Trend Reversal

    ARTICLE SYNOPSIS ...XLB has been in a long-term uptrend since 2002 but may be getting ready to reverse its trend. A symmetrical triangle has formed on the daily chart and has signaled a trend reversal....

  • Gold Rush Playing Out

    ARTICLE SYNOPSIS ...Expanding diagonal formations often show up on the price chart after a substantial price rally or at the end of a correction and are known as ending formations that signal a forthcoming reversal in trend....

  • Triangle Patterns Signal Continuation

    ARTICLE SYNOPSIS ...Triangle patterns signal the continuation of the current market or stock trend and provides a method of measuring the minimum expected extension of that trend....

  • Market Correction Nearing End

    ARTICLE SYNOPSIS ...The S&P 500 appears to indicate the market correction is nearing an end....

  • Gold Turning Down

    ARTICLE SYNOPSIS ...Gold made a bull market top in March 2008. Since then, GLD has been consolidating its gain from its 1999 runup, forming a double ABC zigzag corrective wave pattern. The target price for the completion of this wave pattern is calculated at $65....

  • Checking Out Retail

    ARTICLE SYNOPSIS ...XRT made a market low in mid-November 2008 and has been rallying higher over the last month. Is this rally a market correction or the beginning of a new bull market trend?...

  • Is Wal-Mart Stock About To Fall Again?

    ARTICLE SYNOPSIS ...Wal-Mart is up against overhead resistance, and recent trading has produced a rare triple divergence. Is WMT about to fall again?...

  • Intel's Symmetrical Triangle

    ARTICLE SYNOPSIS ...Intel has been in a symmetrical triangle trading pattern for approximately six years, and the downward trend is expected to resume in early 2009 with a price target of $12.06 by 2010....

  • Second Market Crash Is Straight Ahead

    ARTICLE SYNOPSIS ...The NASDAQ completed its bull market runup in 2000 and is in a market correction that could last until 2010. It could fall to as low as 617....

  • Chevron Corrects Its Losses

    ARTICLE SYNOPSIS ...Chevron has been in a new downward trend since mid-May but is now starting to head upward. This upward movement must be considered corrective and not the resumption of an upward trend....

  • Exxon Mobil Forms Double Top

    ARTICLE SYNOPSIS ...XOM has formed a strong complex double-top trend reversal pattern. A decisive close below the pattern's confirmation line will signal a major trend reversal from up to down....

  • Could Oil Fall Even Further?

    ARTICLE SYNOPSIS ...Oil is now in an established downward market correction that could see oil drop to $81.50 per barrel. There exists a possibility that oil could fall even further....

  • NASDAQ Double Bottom?

    ARTICLE SYNOPSIS ...The NASDAQ appears to be forming a double-bottom trend reversal pattern, but by a more detailed analysis, the future direction of this market still looks downward....

  • Utilities Select SPDR Head & Shoulders

    ARTICLE SYNOPSIS ...XLU has been in a bull market trend since 2002, but that trend looks to be ending with a head & shoulders trend reversal pattern....

  • Silver Ready To Move Lower

    ARTICLE SYNOPSIS ...Silver Standard Resources made a market top in late 2007 and has been trading lower this year. Over the last few months, SSRI has been in a narrow trading range that looks ready to break down and move lower....

  • RTH Risk/Reward Ratio Favorable

    ARTICLE SYNOPSIS ...The Retail HOLDRS is up against its 200-day moving average and downward sloping trendline. This is an ideal place to take a short position in this ETF, as the risk to reward ratio is highly favorable....

  • Google Heads South

    ARTICLE SYNOPSIS ...Google has now completed its bear market correction and is headed back in the direction of its major trend, which is down. Through the use of Elliott wave theory, we can determine the next price target and the next market correction....

  • Homebuilders Recovering?

    ARTICLE SYNOPSIS ...According to an analysis using moving averages to determine the future direction, XHB is now in an established intermediate-term uptrend. However, based upon an analysis using Elliott wave rules and guidelines, this uptrend is nothing more than a retracement....

  • QQQQ On Last Leg Up

    ARTICLE SYNOPSIS ...QQQQ is now on its last leg upward of its ABC zigzag bear market corrective rally. Once the market correction has completed, look for the next lower price target for QQQQ to be around 24.77....

  • The Gold Rush Is Over

    ARTICLE SYNOPSIS ...Through the use of Elliott wave theory, we can see that the market trend for gold has clearly reversed from one of bullishness to one of bearishness....







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