Technical Analysis of STOCKS & COMMODITIES
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Article Archive For Arthur Hill
DownloadAn ABC Correction For Linear Tech
ARTICLE SYNOPSIS ...After tracing out an ABC correction, Linear Technology surged with good volume, and this could foreshadow a breakout that ends the correction....
JCP Breaks Channel Support
ARTICLE SYNOPSIS ...JC Penney hit resistance from a key moving average and then broke channel support to signal a continuation of its long-term downtrend....
A Major Support Test For The Nikkei
ARTICLE SYNOPSIS ...The Nikkei is trying to firm near its March lows, but momentum has yet to turn up and traders should watch for a signal line crossover in the MACD....
Gymboree Fails At Resistance
ARTICLE SYNOPSIS ...Gymboree failed a major resistance, and a momentum breakdown points to lower prices over the next few weeks....
A Momentum Upturn For Arthrocare
ARTICLE SYNOPSIS ...Arthrocare shows signs of strength with improving momentum and good upside volume on its recent breakout....
Weyerhaeuser Pumps Up The Volume
ARTICLE SYNOPSIS ...Signs of relative strength and increased buying pressure point to a resistance breakout in Weyerhaeuser....
Google Firms At Support
ARTICLE SYNOPSIS ...Google formed a bullish engulfing pattern at long-term support, and follow-through would give way to an oversold bounce....
Starwood Breaks Triangle Support
ARTICLE SYNOPSIS ...Starwood Hotels recently broke triangle support to signal a continuation of the long-term downtrend....
Moment Of Truth For XLF
ARTICLE SYNOPSIS ...After forming a rising wedge over the last two months, the financials SPDR declined sharply and is dangerously close to a continuation breakdown....
Humana Breaks Flag Resistance
ARTICLE SYNOPSIS ...Humana broke flag resistance with good volume, and the next resistance level marks the neckline of a larger head & shoulders reversal pattern....
BNI Traces Out An ABC Pattern
ARTICLE SYNOPSIS ...Burlington Northern Santa Fe formed an ABC pattern over the last two months, and a big bearish engulfing pattern signals the end of wave C....
Air Products Breaks Wedge Trendline
ARTICLE SYNOPSIS ...After meeting resistance from two key moving averages, Air Products broke a rising wedge trendline and appears to be set to continue lower....
Delta Breaks Free
ARTICLE SYNOPSIS ...After a multimonth consolidation period, Delta Airlines finally broke free of resistance to confirm a bullish continuation pattern....
CIEN Gets Some Liftoff
ARTICLE SYNOPSIS ...After spending the better part of four months in oversold territory, Ciena is finally getting some lift with a triangle breakout and improving momentum....
MSFT Tests Support With A Harami
ARTICLE SYNOPSIS ...Although Microsoft remains in a clear downtrend, the stock is testing support with a bullish candlestick pattern that could foreshadow an oversold bounce....
Apple Consolidates Near Support
ARTICLE SYNOPSIS ...Apple is holding up better than the broader market as it consolidates near support, but a range break is needed to trigger the next signal....
A Descending Triangle For QQQQ
ARTICLE SYNOPSIS ...QQQQ formed a descending triangle over the last few days, and a support break would signal a continuation of the bigger downtrend....
Wal-Mart Firms At Support
ARTICLE SYNOPSIS ...After a sharp decline to support, Wal-Mart formed a triangle consolidation, and traders should watch these boundaries for the next signal....
Myriad Genetics Holds Key Retracement
ARTICLE SYNOPSIS ...After finding support near a key retracement, Myriad Genetics surged above its 50-day and triggered an impressive breakout....
Skywest Poised For Takeoff?
ARTICLE SYNOPSIS ...Relative strength, good volume, and a potential double bottom point to higher prices for Skywest....
QQQQ Hits Gap Resistance
ARTICLE SYNOPSIS ...With a failure at gap resistance and bearish momentum, QQQQ remains in a downtrend on the daily chart, and follow-through is needed to complete a reversal....
Bonds Hit Support
ARTICLE SYNOPSIS ...The iShares 20+ Year Bond ETF declined sharply over the last five days, but support is at hand and traders should be on guard for a bounce....
QLogic Firms At Support
ARTICLE SYNOPSIS ...QLogic Corp. formed a bullish engulfing pattern at support, and an upturn in the stochastic oscillator would argue for a retracement of the prior decline....
CME Holds Its Breakout
ARTICLE SYNOPSIS ...The CME Group bucked the market in September with a breakout and continued relative strength points to further gains....
Home Construction Index Hits A Wall
ARTICLE SYNOPSIS ...The Dow Jones Home Construction Index hit resistance at the 200-day, and a break below channel support would signal a continuation of a larger downtrend....
Alexander & Baldwin Loses Momentum
ARTICLE SYNOPSIS ...Alexander & Baldwin has a large head & shoulders pattern working, and a recent loss of momentum points to a neckline support break....
Another Rectangle Break For Texas Industries
ARTICLE SYNOPSIS ...Texas Industries broke rectangle support for the second time in six months, signaling yet another continuation of the long-term downtrend....
Out-of-Place Patterns For JP Morgan Chase
ARTICLE SYNOPSIS ...JP Morgan formed a big broadening formation as part of a downtrend last year and has a bearish head & shoulders working over the last five months....
Halliburton Hugs Support
ARTICLE SYNOPSIS ...With Halliburton locked in a tight trading range near support, a breakdown would confirm a descending triangle, while a breakup would argue for a retracement rally....
Travelers Travels Higher
ARTICLE SYNOPSIS ...Travelers is bucking the trend in financials by holding well above its October lows, and a consolidation breakout would open the door to higher prices....
Ralcorp Bucks The Bears
ARTICLE SYNOPSIS ...The pickings are slim during a bear market, but Ralcorp is bucking the bear with relative strength and a bullish engulfing on high volume....
Comcast Fails At Resistance
ARTICLE SYNOPSIS ...Despite a big surge in late October, Comcast failed to break resistance and formed a big bearish engulfing pattern. In addition to affirming resistance, this candlestick pattern points to lower prices ahead....
Microsoft Breaks Triangle Support
ARTICLE SYNOPSIS ...Microsoft appeared to have a harami at support in late October. The stock did indeed bounce, but the gains failed to hold and a recent triangle support break points to lower prices....
3M Sports A Shooting Star
ARTICLE SYNOPSIS ...3M formed a shooting star at resistance, and the upside looks limited for this Dow Jones 30 component....
A Descending Triangle For Capital One
ARTICLE SYNOPSIS ...After breaking down in September, Capital One Financial formed a descending triangle over the last five weeks, and a continuation lower is likely....
A Breakdown For The Dow
ARTICLE SYNOPSIS ...After failing at a key resistance point, the Dow Jones Industrial Average broke a key support level to reverse an uptrend that started in mid-March....
MMM Is Breaking Down
ARTICLE SYNOPSIS ...After a big outside reversal week, MMM broke rising wedge support, pointing to lower prices ahead....
MU Tries To Hold Breakout
ARTICLE SYNOPSIS ...Micron Tech broke double-bottom resistance, but met resistance at the 200-day, and the breakout is getting a serious test....
CTX Tests Head & Shoulders Support
ARTICLE SYNOPSIS ...Centex has formed a bearish head & shoulders pattern over the last few months and looks poised to break support for a bearish signal....
Imax Readies For A Breakout
ARTICLE SYNOPSIS ...IMAX Corp. sports a bullish continuation pattern, and signs of accumulation point to a breakout in the stock....
Kimberly Clark Breaks Triangle Support
ARTICLE SYNOPSIS ...After consolidating for months, Kimberly Clark finally made up its mind with a support break that signals a continuation of the long-term downtrend....
A Bearish Candlestick Reversal For Intel
ARTICLE SYNOPSIS ...Intel rallied to a key retracement area and then formed a bearish candlestick reversal pattern. This points to resistance and possibly even a reversal of the current uptrend....
ANN Hits A Wall
ARTICLE SYNOPSIS ...Ann Taylor Stores bounced over the last few weeks, but weak volume and nearby resistance suggest that this bounce will end sooner rather than later....
A Big Breakout For Labranche
ARTICLE SYNOPSIS ...After basing for eight months, Labranche & Co. broke through resistance on big volume to signal the start of a big uptrend....
eBay Battles The 200-Day Moving Average
ARTICLE SYNOPSIS ...After a surge in March 2008, eBay consolidated around its 200-day moving average in April, and a consolidation breakout would signal a continuation higher....
Dell Consolidates Before Next Move
ARTICLE SYNOPSIS ...Dell Computer consolidated after a sharp move down, and the components of the average directional movement index can be used to identify a breakout....
A Harami At Resistance For AMZN
ARTICLE SYNOPSIS ...Amazon bounced back after a double-top support break in January, but a harami at resistance could spell the end of this bounce....
A Morning Star Reversal For Fossil
ARTICLE SYNOPSIS ...Fossil forged a morning star reversal at support, but follow-through is needed to complete a breakout and target further gains....
P&F Breakdown For Diamond OffShore
ARTICLE SYNOPSIS ...After consolidating for a few weeks, Diamond Offshore broke support to trigger a point & figure sell signal....
A Big Outside Reversal For Southern
ARTICLE SYNOPSIS ...Southern Co. forged a huge outside reversal with big volume. This solidifies support and opens the door to further gains....
A Dow Divergence
ARTICLE SYNOPSIS ...The Dow Jones Industrial Average moved to a new low recently, but a key momentum oscillator sported a positive divergence. What will it take to trigger a signal?...
Lubrizol Stalls At Key Retracement
ARTICLE SYNOPSIS ...After stalling within a key retracement zone, downside volume is picking and Lubrizol looks like it is putting in a high....
A High-Volume Breakout For Xilinx
ARTICLE SYNOPSIS ...Xilinx broke through ascending triangle resistance with a gap on good volume to signal a continuation of the January surge....
Baidu Stalls After Support Break
ARTICLE SYNOPSIS ...After breaking double-top support in January, BIDU stalled over the last few weeks as volatility contracted. The stock is winding up for a move, but which way?...
Comcast Holds The Gap
ARTICLE SYNOPSIS ...Comcast gapped up and broke one resistance level, but the stock stalled over the last two weeks and the on-balance volume is not promising....
Dow Fails At Broken Support
ARTICLE SYNOPSIS ...After a sharp decline late last week, the Dow Jones Industrial Average failed to reclaim broken support, and the downtrend looks set to continue....
Air Products Hits An Air Pocket
ARTICLE SYNOPSIS ...After hitting long-term resistance, Air Products suffered a momentum reversal and trendline break that point to weakness in the coming weeks....
ANN Breaks Wedge Support
ARTICLE SYNOPSIS ...Ann Taylor Stores rallied the first five months of the year, but the advance formed a bearish wedge and a recent support break ended the rally....
Pulling The Plug On Pool Corp.
ARTICLE SYNOPSIS ...Pool Corp. broke triangle support over the last few days, targeting further weakness into October....
Bearish Candlesticks Circling JB Hunt
ARTICLE SYNOPSIS ...JB Hunt is holding up surprisingly well over the last few weeks, but signs of selling pressure are starting to emerge and a support break looks imminent....
A Head & Shoulders For Fossil
ARTICLE SYNOPSIS ...Fossil formed a head & shoulders pattern and confirmation would project sharply lower prices....
Liz Claiborne Continues Lower
ARTICLE SYNOPSIS ...A confirmed descending triangle and a new 52-week low confirm the downtrend for Liz Claiborne and point to even lower prices ahead....
Petsmart Rolls Over At Resistance
ARTICLE SYNOPSIS ...After a weak rally to resistance, a key momentum indicator is rolling over and Petsmart looks poised to continue its downtrend....
A Pair Of Flags For Newmont
ARTICLE SYNOPSIS ...Newmont Mining has falling flags working on two time frames, and a breakout on the daily chart would have long-term implications....
Inside Days For USO
ARTICLE SYNOPSIS ...While the long-term trend for the United States Oil Fund ETF is certainly up, an extended harami shows hesitation that could foreshadow a correction....
Pep Boys Get Some Pep
ARTICLE SYNOPSIS ...With a big move off support, Pep Boys Manny Moe & Jack looks primed for further gains and a challenge to the next resistance level....
Schwab Holds The Breakout
ARTICLE SYNOPSIS ...Charles Schwab Corp. is holding its resistance breakout with a consolidation, and traders should watch the consolidation highs for a bullish continuation signal....
Bed Bath & Breakdown
ARTICLE SYNOPSIS ...After failing at long-term resistance, Bed Bath & Beyond broke pennant support to signal a continuation of the May decline....
Gold Tests The Breakout
ARTICLE SYNOPSIS ...After returning to broken resistance with a sharp decline in July, the streetTRACKS Gold ETF formed a small consolidation, and there is a big test at hand....
Pharma Index Shows Relative Strength
ARTICLE SYNOPSIS ...While the market recently bounces off multimonth lows, the Amex Pharmaceutical Index is challenging resistance and showing relative strength....
Copart Forms An Ominous Wedge
ARTICLE SYNOPSIS ...After a sharp decline in June, Copart bounced in July and hit a key retracement zone that could spell the end of the bounce....
Bank of America Charges To Resistance
ARTICLE SYNOPSIS ...Despite an impressive surge over the last two weeks, Bank of America remains in a downtrend overall with resistance close at hand....
Wal-Mart Under Distribution?
ARTICLE SYNOPSIS ...Despite holding up well over the last two to three months, Wal-Mart sports a potential head & shoulders pattern that could mark a distribution phase....
A Breakout For Biogen Idec
ARTICLE SYNOPSIS ...Biogen Idec has been moving higher with good volume since late June, and a recent triangle breakout opens the door to even higher prices....
Immucor Shows Relative Strength
ARTICLE SYNOPSIS ...The market has been hit hard over the last few two to three months, but Immucor has held up well by forming a potentially bullish consolidation....
US Dollar Index Hits Support
ARTICLE SYNOPSIS ...After a decline during the last few weeks, the US Dollar Index hit a key support area that represents a big make-or-break level....
A Head & Shoulders For Goldman
ARTICLE SYNOPSIS ...Goldman Sachs formed a large head & shoulders pattern over the last four months, and a neckline support break would have long-term bearish implications....
A Major Breakdown For The DAX
ARTICLE SYNOPSIS ...The German DAX Index held out longer than most, but finally succumbed to the bear with a breakdown and major trend reversal....
An Island Reversal For Amgen
ARTICLE SYNOPSIS ...After forming an island reversal on high volume, Amgen looks poised to break resistance and head higher....
US Dollar Index Perks Up
ARTICLE SYNOPSIS ...After holding above its November low, the US Dollar Index looks poised for a run toward long-term resistance....
MasterCard Firms At Support
ARTICLE SYNOPSIS ...After a decline in the first two weeks of January, MasterCard became oversold and then firmed at support. Look for a range breakout to trigger a rally....
Millennium Bucks The Market
ARTICLE SYNOPSIS ...While the broader market falls apart, relative strength and good upside volume point to higher prices for Millennium Pharmaceuticals....
Amex Index Breaking Down
ARTICLE SYNOPSIS ...The energy-intensive American Stock Exchange index has been a stellar performer over the last five years, but a recent breakdown on the daily charts points to a correction....
A Big Double Top For FTSE
ARTICLE SYNOPSIS ...The FTSE has gone nowhere for over a year and a big double top is taking shape. Waning momentum suggests that this pattern will soon be confirmed....
Cisco Forms Harami At Support
ARTICLE SYNOPSIS ...After a mean decline the last few weeks, Cisco formed a potentially bullish harami that could foreshadow an oversold bounce....
A Breakout For MMC
ARTICLE SYNOPSIS ...Marsh & McLennan bucked the market trend with a breakout over the last two weeks, and good relative strength points to further gains in the weeks ahead....
CH Robinson Backs Off Resistance
ARTICLE SYNOPSIS ...After hitting range resistance, CH Robinson started losing momentum and the RSI triggered a bearish signal....
Citrix Finds Support
ARTICLE SYNOPSIS ...Citrix Systems shows signs of life with a high-volume bounce off support and a challenge to its 50-day moving average....
A Rectangle Top For Apollo
ARTICLE SYNOPSIS ...Apollo Group broke rectangle support with high volume, and the long-term outlook is now bearish....
XM Satellite Breaks Wedge
ARTICLE SYNOPSIS ...After a bounce in January-February, XM Satellite is running into stiff resistance and a recent bearish engulfing pattern points to lower prices ahead....
Dow Chemical Is Wound Tight
ARTICLE SYNOPSIS ...After a big surge at the end of January, Dow Chemical moved into a trading range that has tightened over the last few weeks. This volatility contraction could precede a volatility expansion and a significant move....
A CCI Breakout For Pan American
ARTICLE SYNOPSIS ...After consolidating the last few weeks, Pan American Silver broke through resistance with a gap and a surge in momentum....
RIMM Hits Resistance
ARTICLE SYNOPSIS ...After forming a bearish engulfing pattern at resistance, Research In Motion looks ripe for a move down....
An Extended Harami For Pulte
ARTICLE SYNOPSIS ...Despite a big surge in January, Pulte Homes hit resistance with an extended harami and looks ripe for a resumption of the bigger downtrend....
Dupont Shows Relative Strength
ARTICLE SYNOPSIS ...After a big reversal in January, Dupont consolidated near resistance and continued relative strength points to a breakout....
Oracle Hits Support Zone
ARTICLE SYNOPSIS ...Oracle declined to a support zone and became oversold. The short-term trend is down, but traders should watch for a bounce of support and a potential reversal....
Alaska Air Flies Higher
ARTICLE SYNOPSIS ...Alaska Air is bucking the trend of the overall market with a resistance breakout on good volume....
Choice Point Stalls After Gap
ARTICLE SYNOPSIS ...Choice Point Software bounced off long-term support with a gap. Look for a flag breakout to signal a continuation higher....
A Harami For Air Products
ARTICLE SYNOPSIS ...After bouncing back to broken support, Air Products formed a bearish harami that could signal the end of the bounce....
A Bullish Continuation Pattern For GILD
ARTICLE SYNOPSIS ...Gilead Sciences is challenging resistance from a bullish continuation pattern, and a breakout would signal a continuation of the prior surge....
A High Tight Flag For LNC
ARTICLE SYNOPSIS ...After a sharp advance with big volume, Lincoln National formed a high and tight flag that acts as a consolidation before a continuation higher....
Hewlett-Packard Hits Resistance
ARTICLE SYNOPSIS ...After an oversold bounce the last few weeks, Hewlett-Packard is meeting resistance near a key moving average and an ominous chart pattern is taking shape....
Colgate Breaks After Volatility Contraction
ARTICLE SYNOPSIS ...After going through a Bollinger band contraction, Colgate-Palmolive broke support to signal the start of a leg lower....
High-Volume Surge For Broadcom
ARTICLE SYNOPSIS ...Broadcom surged off support with high volume and looks poised to break its 50-day moving average for the first time since August....
Breakout For Bristol-Myers
ARTICLE SYNOPSIS ...A high-volume resistance break and relative strength point to further upside for Bristol-Myers Squibb....
ACIW Loses Momentum At Resistance
ARTICLE SYNOPSIS ...After bouncing back to broken support, ACI Worldwide formed a bearish candlestick pattern and the MACD turned lower. This all suggests that resistance will hold and that the stock is headed lower....
Bond Yields Headed Lower
ARTICLE SYNOPSIS ...The 10-year Treasury note yield broke long-term support to confirm a bearish continuation pattern that points to sharply lower yields over the next few weeks and months....
The DJIA's Moment Of Truth
ARTICLE SYNOPSIS ...After a sharp four-day rally, the Dow Jones Industrial Average is nearing resistance, and the moment of truth is approaching for the bulls....
A Breakdown For Brinker
ARTICLE SYNOPSIS ...After breaking channel support with a gap, Brinker International is now challenging head & shoulders support, and a break here would extend the long-term downtrend....
JNPR Finds Support At Gap
ARTICLE SYNOPSIS ...Oversold stochastics and gap support could lead to a bounce for Juniper....
A Bearish Triangle For CAT
ARTICLE SYNOPSIS ...Caterpillar formed a triangle consolidation after a sharp decline. This pattern looks like it could be a rest before a continuation lower....
RIMM Hits Resistance
ARTICLE SYNOPSIS ...Research in Motion is meeting resistance from a big gap, and a recent MACD crossover signal points to lower prices....
Bearish Signals Point To New Lows For AIG
ARTICLE SYNOPSIS ...After a very short oversold bounce, a host of short-term bearish indications surfaced on the AIG chart, and the stock looks like it is headed for new lows....
Apache Hits Support
ARTICLE SYNOPSIS ...Apache Corp. declined sharply with the rest of the energy sector, but a bounce could be in the cards now that the stock is oversold and at support....
Delta Forms A Bullish Pennant
ARTICLE SYNOPSIS ...Delta Airlines surged in mid-July with a sharp advance on high volume. A pennant formed to signal a rest along the way, and traders should watch for a continuation breakout....
A Big Support Break For GDX
ARTICLE SYNOPSIS ...After forming a massive head & shoulders pattern, the Gold Miners ETF broke support to confirm the reversal and establish a long-term downtrend....
ExxonMobil Surges Off Support
ARTICLE SYNOPSIS ...After a rather sharp correction from mid-May to July, ExxonMobil found support and surged on good volume. A little follow through would trigger a breakout....
A Double Bottom For Hovnanian?
ARTICLE SYNOPSIS ...Hovnanian has a huge double-bottom pattern working over the last seven months and a high-volume surge off support points to a big resistance test ahead....
Memc Electronic Hits Wedge Support
ARTICLE SYNOPSIS ...Memc Electronic is consolidating after a support break, but relative weakness and a potentially bearish pattern could spell further weakness....
Pulte Fails At The 200-Day Average
ARTICLE SYNOPSIS ...Pulte Homes (PHM) failed to break long-term resistance, and a recent downturn in momentum opens the door to lower prices....
Two Diamonds For Autozone
ARTICLE SYNOPSIS ...Autozone broke above diamond resistance on the daily chart, but faces stiffer resistance from an even bigger diamond on the weekly chart....
NASDAQ Summation Index Hits Resistance
ARTICLE SYNOPSIS ...The McClellan Summation Index for the NASDAQ hit resistance, and traders should watch for a moving average crossover to trigger a bearish signal....
A Double Bottom For LUV
ARTICLE SYNOPSIS ...Southwest Airlines formed a double bottom over the last few months, and further strength could forge the breakout needed to confirm this pattern....
LSI Breaks Flag Resistance
ARTICLE SYNOPSIS ...After a Bollinger Band contraction, LSI broke rectangle resistance, signaling a continuation of the January surge....
Arkansas Best Hits Resistance
ARTICLE SYNOPSIS ...Arkansas Best has been a top performer in 2008 so far, but resistance is at hand and a bearish candlestick reversal could spell lower prices ahead....
Relative Weakness For Juniper
ARTICLE SYNOPSIS ...Juniper failed to bounce with the rest of the market in March, and a bearish head & shoulders pattern looks most ominous....
Itron Forms Bullish Consolidation
ARTICLE SYNOPSIS ...Itron remains in a long-term uptrend, and the recent consolidation looks like a resting period that will give way to an upside breakout....
Lilly Winds Up For The Pitch
ARTICLE SYNOPSIS ...Eli Lilly has been consolidating since early June and the coil is winding ever tighter ahead of an impending breakout....
A Cup-With-Handle For Intel
ARTICLE SYNOPSIS ...Intel formed a bullish continuation pattern over the last two to three months, and a breakout would signal a continuation of the long-term uptrend....
Yahoo! Gaps Off Support
ARTICLE SYNOPSIS ...Yahoo! had a rough summer, but the stock found support from last year's low and a gap-up kick started a breakout on good volume....
A Support Test For THQI
ARTICLE SYNOPSIS ...THQ Inc. is testing support from its prior low, and traders should be on guard for a bounce and a potential double bottom....
An Oversold Breakout For Wachovia
ARTICLE SYNOPSIS ...The long-term trend remains down, but Wachovia became oversold and a recent flag breakout suggests more room to the upside for this bounce....
Trading Turns Quiet At Starbucks
ARTICLE SYNOPSIS ...Trading in Starbucks has turned quiet the last few weeks, and traders should watch for a break from the current trading range for the next directional clues....
Sun Finds Some Java
ARTICLE SYNOPSIS ...Sun Microsystems surged over the last four weeks and broke some key resistance levels to reverse a six-month downtrend....
Flextronics Surges Off Support
ARTICLE SYNOPSIS ...After a long-drawn-out consolidation, Flextronics broke resistance with a surge off support, and this breakout points to higher prices down the road....
Microsoft Is Lagging
ARTICLE SYNOPSIS ...While the NASDAQ and QQQQ surged above their August highs, Microsoft continues to languish near its lows and a bear flag is taking shape....
Dueling Wedges For Alcoa
ARTICLE SYNOPSIS ...Alcoa formed two competing wedges in two different time frames, and these should be watched for the next signal....
US Dollar Index Tries To Firm
ARTICLE SYNOPSIS ...After becoming oversold and forming a bullish engulfing pattern, the US Dollar Index looks poised for a bounce. Don't get too excited, though....
Steel Dynamics Shows Relative Strength
ARTICLE SYNOPSIS ...Steel Dynamics formed a big outside reversal at support and a relative strength breakout points to higher prices for the stock....
An Island Reversal For Ann Taylor
ARTICLE SYNOPSIS ...Ann Taylor formed an island reversal, and the stock is on the verge of reversing a two-month uptrend....
Merrill Lays Low
ARTICLE SYNOPSIS ...Merrill Lynch continues to underperform the broader market, and this points to a continuation of the July–August decline....
FTI Consulting Takes A Long Rest
ARTICLE SYNOPSIS ...After a long consolidation, FTI Consulting is showing signs of life and continuation higher looks imminent....
A Squeeze Play For Safeway
ARTICLE SYNOPSIS ...Safeway moved into a tight trading range, and contracting Bollinger Bands point to a breakout sooner rather than later....
IBM Hits A Wall
ARTICLE SYNOPSIS ...Momentum and buying pressure are weakening as IBM challenges resistance....
Semis Are Lagging
ARTICLE SYNOPSIS ...The Semiconductor Index did not participate in the September rally, and relative weakness is a bad omen as we head into October....
A Breakout For Constellation Brands
ARTICLE SYNOPSIS ...After breaking triangle resistance with a big surge, Constellation Brands is on the verge of breaking another resistance level to confirm an inverse head & shoulders pattern....
A Dollar Divergence
ARTICLE SYNOPSIS ...Is the US Dollar Index poised for a bounce? The RSI formed its second positive divergence in four months and is on the verge of a momentum breakout....
A Harami For MDY
ARTICLE SYNOPSIS ...The S&P 400 Midcap ETF formed a harami at long-term support, and traders should watch for confirmation of this bullish candlestick reversal pattern....
A BNI Breakdown
ARTICLE SYNOPSIS ...Burlington Northern Santa Fe recently broke channel support, signaling a continuation of a downtrend that started this summer....
QQQQ Firms Near Key Retracement
ARTICLE SYNOPSIS ...After a sharp decline in early November, QQQQ firmed near a key retracement and formed a pennant consolidation....
QCOM Reverses With Gaps
ARTICLE SYNOPSIS ...Qualcomm appeared to break down with a gap in early November, but the stock countered with a gap up and follow-through above resistance would be bullish....
An ABC For MID
ARTICLE SYNOPSIS ...The S&P 400 MidCap Index traced out an ABC correction, and a big surge off a key retracement could kickstart a rally....
Boeing Tests Key Support
ARTICLE SYNOPSIS ...Boeing formed a large bearish reversal pattern over the last five to six months, and key support is at hand....
CH Robinson Hits Big Support Zone
ARTICLE SYNOPSIS ...With the long-term support at hand and oversold conditions prevailing, CH Robinson is at its make-or-break point....
IBM Breaks Wedge Support
ARTICLE SYNOPSIS ...IBM failed to take out resistance, and the high-volume decline looks like the start of an extended down move....
Retail HOLDRS Breaking Down
ARTICLE SYNOPSIS ...The retail HOLDRS formed a bearish continuation pattern over the last few months, and the exchange traded fund is on the verge of a serious breakdown....
Dow Transports Losing The Battle
ARTICLE SYNOPSIS ...The Dow Jones Transportation Average has been battling two key moving averages the last two months, and continuing relative weakness suggests that this will be a losing battle....
Russell 2000 Gets Cold Feet
ARTICLE SYNOPSIS ...The Russell 2000 broke consolidation resistance, but immediately pulled back, and now, waning momentum points to a bull trap....
XAU Lags And Drags
ARTICLE SYNOPSIS ...The Philadelphia Gold & Silver Index ($XAU) has been stuck in a rut the last 15 months, and relative weakness remains a serious drag. Here are the levels to watch....
Biogen Returns To The Breakout
ARTICLE SYNOPSIS ...After breaking resistance with a gap and a surge in April, Biogen Idec returned to the scene of the crime. This level should offer support....
Nike Looks Ready To Run
ARTICLE SYNOPSIS ...After a long consolidation period, Nike gapped up off support and looks ready for a run to new highs....
Best Buy Tests Key Support
ARTICLE SYNOPSIS ...Best Buy has a large double top working on the weekly chart, but support has yet to be broken and there is a small double bottom working on the daily chart....
Novellus Consolidates After Breakout
ARTICLE SYNOPSIS ...Novellus broke a major resistance in November, and the consolidation over the last few months looks like a rest before the next leg up begins....
A Massive Base For Eli Lilly
ARTICLE SYNOPSIS ...After forming a large base over the last two and a half years, Eli Lilly & Co. surged to resistance on expanding volume. A breakout would be long-term bullish....
Nikkei Lags Behind
ARTICLE SYNOPSIS ...Despite an advance over the last two months, the Nikkei 225 is showing relative weakness, and the positive directional movement remains extraordinarily weak....
An Exhaustion Gap For E Trade
ARTICLE SYNOPSIS ...E Trade gapped down in mid-April but filled that gap with a high-volume advance. The stock's downtrend over the last few months is reversing....
US Dollar Index Firms At Support
ARTICLE SYNOPSIS ...The US Dollar Index remains in a clear downtrend, but the index is firming near oversold territory and looks ripe for at least a bounce....
Crude Charges Into Resistance
ARTICLE SYNOPSIS ...Even though the recent surge in oil shows tremendous strength, crude is quickly becoming short-term overbought and entering a resistance zone....
A Bear Flag For ManPower
ARTICLE SYNOPSIS ...A weak rally over the last few weeks for a bear flag for ManPower and weak volume flows point to a downside break....
A Rising Wedge For The SOX
ARTICLE SYNOPSIS ...The Semiconductor Index bounced with the rest of the market over the past few weeks, but the move looks like a bearish wedge....
Tollgrade Gaps Up
ARTICLE SYNOPSIS ...A gap up and MACD crossover point to higher prices for Tollgrade Communications....
An Ascending Triangle For The Aussie
ARTICLE SYNOPSIS ...With a big surge over the last two weeks, the Australian Dollar Index broke resistance levels in two time frames and looks as though it will be heading higher....
THQI Challenges Resistance
ARTICLE SYNOPSIS ...THQ Inc formed an inverse head & shoulders over the last few months, and a break above neckline resistance would revitalize the uptrend....
Intel Remains A Drag
ARTICLE SYNOPSIS ...Intel failed to bounce along with the NASDAQ over the last two weeks, and relative weakness points to even lower prices ahead....
Biovail Makes A Breakout
ARTICLE SYNOPSIS ...A resistance breakout on good volume points to higher prices for Biovail....
Trident Bucks The Market
ARTICLE SYNOPSIS ...The major indexes fell sharply on March 13, but Trident recorded a sharp gain on good volume and the January breakout is holding....
Goldman Fails At Broken Support
ARTICLE SYNOPSIS ...Goldman Sachs failed to move back above broken support on the latest rally, and a continuation lower is in the cards....
RIMM Shows Weakness In Range
ARTICLE SYNOPSIS ...Research In Motion has a flat flag working on the 60-minute chart, and a break below support would signal a continuation lower....
Citrix Holds The Gap
ARTICLE SYNOPSIS ...Despite a setback last week, Citrix is holding its January gap and traders should watch the current consolidation for the next signal....
A Bear Trap For The Russell 2000
ARTICLE SYNOPSIS ...The Russell 2000 broke support on Monday but quickly sprang back to lay the foundations of a bear trap....
Oracle Firms Within A Channel
ARTICLE SYNOPSIS ...Oracle is showing some relative strength over the last few days, and confirmation of a bullish candlestick reversal pattern would forge a breakout....
Three Months And Three Gaps For Nucor
ARTICLE SYNOPSIS ...Two gaps validate resistance for Nucor and a big double top is evolving over the last few months....
World Wrestling Gets A Squeeze
ARTICLE SYNOPSIS ...The Bollinger Bands are narrowing considerably for World Wrestling Entertainment, and this often leads to a breakout. But which way?...
JetBlue Looks Ready To Fly
ARTICLE SYNOPSIS ...After being grounded earlier this year, JetBlue stabilized at long-term support and the June surge looks strong enough to continue....
An Island Reversal For WDC
ARTICLE SYNOPSIS ...The island reversal has short-term bearish implications for Western Digital, which could lead to long-term complications....
A Breakout Attempt For The CRB
ARTICLE SYNOPSIS ...The CRB Index broke daily chart resistance but failed at weekly resistance, and the large trading range remains....
Another Breakout For The Hang Seng
ARTICLE SYNOPSIS ...The Hang Seng Index has been moving higher for five years, and this trend looks set to continue after another resistance breakout....
A Cup With Handle Breakout For Fairchild
ARTICLE SYNOPSIS ...Fairchild Semiconductor is showing good relative strength, and a recent breakout points to higher prices in the coming weeks....
The Noose Tightens On Sandisk
ARTICLE SYNOPSIS ...The Bollinger Bands are narrowing on Sandisk, and traders should prepare for a directional move as volatility contracts....
An ABC Correction For Electronic Arts
ARTICLE SYNOPSIS ...Electronics Arts has been trending lower the last seven to eight months, but the decline looks like an ABC correction and the stock is showing signs of firmness....
Symantec Holds Strong
ARTICLE SYNOPSIS ...Despite pervasive market weakness in June, Symantec is holding strong, and this relative strength could foreshadow a consolidation breakout....
GDX Approaches Support
ARTICLE SYNOPSIS ...The Gold Miners ETF has been range-bound since November, and traders should prepare for a bounce as the exchange traded fund nears range support....
Oil On The Verge Of A Breakout
ARTICLE SYNOPSIS ...The US Oil Fund ETF (USO) surged off support over the last few days, and the exchange traded fund is on the verge of a breakout that would signal a continuation of the prior advance....
Correction Targets For The DJIA
ARTICLE SYNOPSIS ...The Dow Jones Industrial Average is up substantially over the last few months, and a correction back toward its resistance breakout is a plausible scenario....
A Big Bearish Engulfing For Big Lots
ARTICLE SYNOPSIS ...Big Lots broke out to a new high at the end of May, but a massive bearish engulfing pattern triggered a bull trap, and the forecast is for further downside....
A Breakout For COCO
ARTICLE SYNOPSIS ...After consolidating for a few months, Corinthian Colleges is breaking resistance, and signs of accumulation point to further gains....
Relative Weakness Weighs On Cymer
ARTICLE SYNOPSIS ...Cymer has been underperforming the market for months, and the stock is on the verge of a support break that would signal a continuation lower....
A Breakdown In The Nikkei
ARTICLE SYNOPSIS ...After meeting stiff resistance from its March high, the Nikkei gapped down and broke support to reverse a 12-month uptrend. At the very least, we can expect a retracement of this big rally....
Dow Jones Basic Materials Hits Support
ARTICLE SYNOPSIS ...The Dow Jones Basic Materials Index led the market lower last week, but traders should be on guard for a bounce as the index is now oversold and at support....
Intuit Attempts A Breakout
ARTICLE SYNOPSIS ...Intuit shows signs of accumulation and relative strength within its consolidation, pointing to a breakout....
Pay Day At Paychex
ARTICLE SYNOPSIS ...Paychex formed a large inverse head & shoulders formation, and a high-volume break above neckline resistance signals a continuation of the long-term uptrend....
Bottom Fishing In Starbucks
ARTICLE SYNOPSIS ...Starbucks has been trending lower since November, but the stock is showing signs of firmness and follow-through on a candlestick reversal....
Shanghai Composite Starts To Lag
ARTICLE SYNOPSIS ...The Shanghai Composite led the world from March to May, but this key index is lagging in July and a failure at the 50-day looks ominous....
A Dow Theory Confirmation
ARTICLE SYNOPSIS ...Recent highs in both the Dow transports and the Dow industrials confirm the primary uptrends and a bull signal according to Dow theory....
A Big Breakout For Cisco
ARTICLE SYNOPSIS ...The Cisco Kid is back with breakouts on both the daily and weekly charts. Volume reinforces these breakouts, and higher prices are in the offing....
Wal-Mart Fails At Resistance (Again)
ARTICLE SYNOPSIS ...Wal-Mart surged to resistance in early June but failed to exceed resistance, and a recent flag break is short-term bearish....
Maxim Breaks Neckline Resistance
ARTICLE SYNOPSIS ...Maxim Integrated Products formed a large head & shoulders pattern in the first six months of the year, and the July breakout opens the door to higher prices....
JDS Uniphase Lacks Volume
ARTICLE SYNOPSIS ...JDS Uniphase surged and consolidated over the last two weeks, but weakness in on-balance volume decreases the chances of follow-through and a breakout....
A Failed Gap For Activision
ARTICLE SYNOPSIS ...Activision has been trending higher for months, but the stock failed to hold its mid-January gap and the trend is looking tired....
Rails Taking The Early Lead
ARTICLE SYNOPSIS ...One of the top performers thus far in 2007, the Dow Jones Railroad Index caught fire over the last two weeks....
Bullish Engulfing Seals Support For Steel Tech
ARTICLE SYNOPSIS ...A huge bullish engulfing pattern for Steel Technologies reinforces support and sets the stage for further gains....
Breakout Under Threat For The S&P MidCap Index
ARTICLE SYNOPSIS ...The S&P MidCap Index broke flag resistance a week ago but quickly met resistance. This breakout is up for a big test. Will it hold?...
Rowan Hits Neckline Support
ARTICLE SYNOPSIS ...In spite of a 30% decline in 2006, Rowan Companies could still be in a long-term uptrend as the stock tests support from a massive head & shoulders pattern....
A New Trend For Target
ARTICLE SYNOPSIS ...After trading range-bound for three months, Target broke through resistance to signal the start of a new trending phase....
Dow Transports Make A Statement
ARTICLE SYNOPSIS ...Surging over the last few weeks, the Dow Jones Transportation Average is knocking on neckline resistance, and a breakout would be Dow theory bullish....
RadioShack Gaps Higher
ARTICLE SYNOPSIS ...A gap and breakout on big volume point to higher prices for RadioShack....
Turkey Starts To Crack
ARTICLE SYNOPSIS ...The Turkish ISE National XU100 Index is underperforming many world markets, and an early January breakdown points to lower prices ahead....
Amgen Surges To Resistance
ARTICLE SYNOPSIS ...Amgen surged on big volume but stalled at resistance, and bullish consolidation formed on the intraday chart. The next few days are critical....
A Broker–Dealer Breakout
ARTICLE SYNOPSIS ...The Amex Broker–Dealer Index broke triangle resistance and is leading the market. The breakout is clearly bullish, but will it hold?...
The Moment Of Truth For Small-Caps
ARTICLE SYNOPSIS ...The Russell 2000 declined sharply over the past five days, and this key index is now trading at an important make-or-break level....
Yahoo! Surges Off Key Retracement
ARTICLE SYNOPSIS ...After a six-week decline, Yahoo! firmed in a key retracement zone and then surged. This is bullish and points to higher prices....
JB Hunt Takes A Leap
ARTICLE SYNOPSIS ...A gap off support looks promising for JB Hunt, but let's see some follow-through above resistance before really getting excited....
Remember The Volatility Index?
ARTICLE SYNOPSIS ...The NASDAQ 100 Volatility Index has been slowly building a base, and traders should watch for a resistance breakout to solidify a trend change....
GM Falls And Can't Get Up
ARTICLE SYNOPSIS ...General Motors was one of the top-performing Dow components in 2006, but 2007 is not likely to be so good for GM as a bearish continuation pattern unfolds....
A Big Test Looms For The Naz
ARTICLE SYNOPSIS ...The NASDAQ came crashing down on Tuesday, February 27, but support is at hand and the November–December 2006 lows hold the key to a medium-term reversal....
The Amex Computer Index Looks Toppy
ARTICLE SYNOPSIS ...The Amex Computer Index formed a head & shoulders reversal pattern over the last three months, and a neckline break at this point would be bearish....
Signs Of Accumulation In Tektronix
ARTICLE SYNOPSIS ...Tektronix fell off a cliff in December 2006, but immediately firmed and now shows signs of buying pressure over the last two months....
Google Bounces Off Support
ARTICLE SYNOPSIS ...Google has been trading flat during the last few months, but support is holding and the recent upturn in stochastics argues for higher prices....
Disk Drive Index Hits Support
ARTICLE SYNOPSIS ...The Computer Disk Drive Index ($DDX) remains in a clear downtrend, but support is at hand and RSI shows signs of a bottom....
A Surge For CNET
ARTICLE SYNOPSIS ...CNET gapped up at the end of January, and last week's flag breakout could foreshadow long-term trend change....
A Shooting Star Could Spell Trouble For Altera
ARTICLE SYNOPSIS ...Altera has held up pretty well over the last few weeks, but a shooting star and signs of distribution indicate that the stock is not as strong as it may seem....
OSX Looks Ripe For A Measured Move
ARTICLE SYNOPSIS ...The recent rally in the Oil Services Index ($OSX) looks like a corrective advance, and a breakdown from here would call for a measured move lower....
Playing The Gold Bug Swings
ARTICLE SYNOPSIS ...The Amex Gold Bugs Index has been range-bound the last 12 months, but the swings within this range offer a way to play and anticipate a bigger breakout....
The Russell 2000 Breakout
ARTICLE SYNOPSIS ...The Russell 2000 broke consolidation resistance this month and the breakout signals a continuation of the ongoing uptrend....
Playing The Range With Qualcomm
ARTICLE SYNOPSIS ...Qualcomm has been stuck in a trading range since August 2006, and another oversold reading from a key momentum oscillator points to a bounce....
Intel Gears Up For A Move
ARTICLE SYNOPSIS ...Intel consolidates and prepares for its next move. Its on-balance volume points to a breakout, but the stock must first fill a gap....
A Channel Breakout For Verisign
ARTICLE SYNOPSIS ...Verisign is breaking out on the daily chart and this breakout bodes well for an even bigger resistance break on the weekly chart....
RIMM Gets Boring
ARTICLE SYNOPSIS ...Trading has turned boring for Research In Motion as the stock consolidates between a rock (support) and a hard place (resistance). The direction of the break will dictate the next signal....
NASDAQ Runs Into A Wall
ARTICLE SYNOPSIS ...After a nice reversal and breakout in November, the NASDAQ formed a massive bearish engulfing formation and is suddenly looking vulnerable....
Newmont Hits Support
ARTICLE SYNOPSIS ...After an island reversal in November, Newmont Mining consolidated the last few weeks. Resolution of this consolidation will provide the next signal....
Seeing Double At Xerox
ARTICLE SYNOPSIS ...Xerox successfully tested its August low in November, and a double bottom is taking shape. Strong upside volume points to a breakout....
Accumulation In Ross Stores
ARTICLE SYNOPSIS ...Upside volume is surging for Ross Stores, and prices could be poised to follow suit....
Microsoft Hits The Gap Zone
ARTICLE SYNOPSIS ...After returning to its gap zone, Microsoft is showing signs of firmness. Is it poised for a breakout?...
Taser Forms Falling Flag Correction
ARTICLE SYNOPSIS ...Taser formed a nice falling flag that returned to broken resistance, and the stock is showing early signs of buying pressure....
DAX Hits Support Zone
ARTICLE SYNOPSIS ...The German DAX Index hit a big support zone in mid-August, and a break above short-term resistance would revive the long-term uptrend....
Ford Leads Market Lower
ARTICLE SYNOPSIS ...A confirmed head & shoulders top and relative weakness point to lower prices for Ford Motor Co....
XLF Turns Violent
ARTICLE SYNOPSIS ...After breaking key support in July, the Finance SPDR turned downright violent in August, but that was not enough to undo the technical damage....
The CRB Is Breaking Down
ARTICLE SYNOPSIS ...With a sharp decline over the last three weeks, the CRB Index broke the lower trendline of a rising wedge, and a bigger ABC pattern points to further downside in the coming months....
Long-Term Rates Run Into Resistance
ARTICLE SYNOPSIS ...Long-term rates have been rising for four and a half years, but that may be about to change as major resistance comes into play and a large double top takes shape....
Intel Traces Out Two Bearish Patterns
ARTICLE SYNOPSIS ...Intel is trading at support with two potentially bearish patterns emerging and money flows weakening....
Transports Stall Near Support Break
ARTICLE SYNOPSIS ...After breaking support with the sharp decline, the Dow transports stalled over the last seven days, and it looks like a continuation pattern is forming....
A Bearish Wedge For IBM
ARTICLE SYNOPSIS ...A filled gap and bearish wedge look ominous for Big Blue. A breakdown from here would target further weakness toward the next support level....
A Momentum Breakout For Carbo Ceramics
ARTICLE SYNOPSIS ...Carbo Ceramics remains range-bound on the weekly chart, but a high-volume breakout on the daily chart points to higher prices and a breakout on the weekly chart....
Russell 2000 Hits Support
ARTICLE SYNOPSIS ...The Russell 2000 bore the brunt of selling pressure over the last two to three weeks, but the index could be ripe for a bounce as it becomes oversold and trades at support....
Ryder Fuels Up On Big Volume
ARTICLE SYNOPSIS ...Ryder Systems bounced off support with big volume, and a resistance breakout looks imminent....
A Breakout For Lockheed Martin
ARTICLE SYNOPSIS ...Lockheed Martin reversed a multimonth decline with a breakout over the last few weeks, and renewed relative strength points to higher prices....
A Nice Breakout For Boeing
ARTICLE SYNOPSIS ...A high-volume breakout and a new all-time high should keep the Boeing bulls happy in the coming months....
A Moving Average Squeeze For Lowe's
ARTICLE SYNOPSIS ...Lowe's is caught between two moving averages, and the squeeze play is on to see which one will be broken....
Oil Hits A Resistance Zone
ARTICLE SYNOPSIS ...West Texas Intermediate Crude is currently enjoying a nice rally, but the advance has reached a resistance zone and further gains could be difficult to come by....
Tech Data Firms At Support
ARTICLE SYNOPSIS ...Tech Data is firming at support, and traders should watch for a consolidation breakout to trigger the next signal....
IBM Looks Vulnerable
ARTICLE SYNOPSIS ...IBM has been lagging the market over the last few weeks, and the current advance looks like a bearish rising wedge....
Mind The NASDAQ Gap
ARTICLE SYNOPSIS ...The NASDAQ has been moving higher since mid-March, and the latest gap affirms this uptrend — provided it holds and does not turn into an exhaustion gap....
Bollinger Bands Tighten On UPS
ARTICLE SYNOPSIS ...Trading has gotten quiet in United Parcel Service, and such periods often precede a sizable directional move....
A Breakout For eBay
ARTICLE SYNOPSIS ...Relative strength and a resistance breakout on good volume point to higher prices for eBay....
Momentum Sours At Children's Place
ARTICLE SYNOPSIS ...Children's Place formed a triangle over the last few months, and the stock now looks poised for a breakdown and continuation lower....
A Dead Cross For Bank Of America
ARTICLE SYNOPSIS ...A breakdown in late February and a dead cross in late March are enough to turn medium-term bearish on Bank of America. This bodes ill for the biggest sector in the S&P 500....
A Big Test For Microsoft
ARTICLE SYNOPSIS ...Microsoft bounced recently, but a resistance test is at hand and the stock formed a potentially bearish wedge over the last few weeks....
A Morphing Pattern For Continental Airlines
ARTICLE SYNOPSIS ...Continental Airlines broke head & shoulders support in late February, but the decline is morphing into a falling wedge, and a break back above the neckline would be bullish....
Deere Breaks Down On Big Volume
ARTICLE SYNOPSIS ...After two months of flat trading, Deere & Co. established a directional bias with a support break....
A 30-Minute Breakout For Pfizer
ARTICLE SYNOPSIS ...Pfizer broke channel resistance with good volume on the 30-minute chart, enough to reverse the short-term downtrend....
A Bollinger Breakout For Goodrich
ARTICLE SYNOPSIS ...Goodrich did not partake in the summer rally, but looked poised to make up for lost time with a nice breakout....
Alaska Air Making Bid To Break Out
ARTICLE SYNOPSIS ...Alaska Air likes the sound of falling oil prices as the stock moves to channel resistance and readies for a breakout....
Dell Tries To Bottom
ARTICLE SYNOPSIS ...DELL firmed over the last two months, and a recent rise in the accumulation-distribution line shows signs of accumulation....
Pilgrim's Pride Surges Through Resistance
ARTICLE SYNOPSIS ...A high-volume breakout opens the door to higher prices for Pilgrim's Pride....
Agilent Rests After Gap
ARTICLE SYNOPSIS ...Agilent surged in mid-August and looks poised to continue higher after a bullish consolidation....
A Double Bottom For Unisys
ARTICLE SYNOPSIS ...Unisys successfully tested support from its October 2005 low, and a large double bottom is taking shape....
Dueling Chart Patterns For Pride International
ARTICLE SYNOPSIS ...Two potentially conflicting chart patterns are battling it out for the future of Pride International....
A Pitchfork Breakout For Best Buy
ARTICLE SYNOPSIS ...Best Buy looks like a good buy after a break above the upper trendline of a falling pitchfork....
Microsoft Continues To Show Accumulation
ARTICLE SYNOPSIS ...Strong Chaikin money flow and a bullish pattern point to higher prices for Microsoft....
Pulte Home Firms With Piercing Pattern
ARTICLE SYNOPSIS ...Pulte Home managed to firm over the last few months, but bulls have yet to prove their mettle. Here's what to watch for....
A Harami And Divergence For Apple
ARTICLE SYNOPSIS ...Apple has formed a potentially bearish harami, and traders should watch the relative strength index to confirm this pattern....
Chevron Gaps Off Support
ARTICLE SYNOPSIS ...A gap off support and an advance on high volume increase the odds of a flag breakout for Chevron....
RIG Reverses After Support Break
ARTICLE SYNOPSIS ...A failed support break for Transocean looks like a bear trap that could keep the long-term uptrend alive....
US Dollar Gets Boring
ARTICLE SYNOPSIS ...Trading in the US Dollar Index has turned mighty boring the last few weeks, and this could foreshadow some fireworks in the near future....
Borg Warner Fails To Hold Breakout
ARTICLE SYNOPSIS ...Borg Warner broke down on the daily chart, and this reversal paves the way for a bigger bearish reversal pattern on the weekly chart....
Lexmark Gets Cold Feet At Resistance
ARTICLE SYNOPSIS ...Lexmark is up over 20% since July, but a shooting star and high-volume drop suggests an end to the current runup....
Has The Long Correction Ended For Gap Inc.?
ARTICLE SYNOPSIS ...The decline in Gap Inc. from July 2004 to July 2006 looks like a massive correction that the October breakout just ended....
Dissecting The Wal-Mart Breakout
ARTICLE SYNOPSIS ...Wal-Mart broke double-bottom resistance on the weekly chart, and the stock looks as if it is headed for a familiar resistance zone....
Eli Lilly Breaks Resistance On Good Volume
ARTICLE SYNOPSIS ...The health-care sector has been strong lately, and Eli Lilly is doing its part with a consolidation breakout on good volume....
CH Robinson Confirms Double Top
ARTICLE SYNOPSIS ...CH Robinson broke double-top support on big volume, and the forecast is for lower prices in the coming months....
SPX: Overbought, But Not Bearish
ARTICLE SYNOPSIS ...Even though the stochastic oscillator moved into overbought territory in September, the bulls keep charging and the S&P 500 has yet to lose upside momentum....
An Island Reversal For Smith International
ARTICLE SYNOPSIS ...Smith International bounced off support with an island reversal, calling for a move back to resistance....
Altera Challenges Regression Resistance
ARTICLE SYNOPSIS ...A high-volume bounce off support suggests an end to Altera's correction....
Is Rambus Ready To Rumble?
ARTICLE SYNOPSIS ...With a momentum oscillator turning up and gap higher, Rambus appears set to continue the August advance....
Spain Is Getting Frothy
ARTICLE SYNOPSIS ...An overextended price chart and overbought momentum oscillator suggest the Spain iShares exchange traded fund is vulnerable to a correction....
Gannett Looks To Break Out
ARTICLE SYNOPSIS ...Gannett sports an inverse head & shoulders pattern and signs of accumulation point to a breakout....
Yahoo Is Oversold and at Support
ARTICLE SYNOPSIS ...Oversold momentum oscillators and firmness at support could foreshadow a bounce in Yahoo!...
MMM Not Keeping Pace
ARTICLE SYNOPSIS ...The DJIA hit a new all-time high this week, but component 3M remains well below its prior high and is running into major resistance....
A Big Triangle For A Big Stock
ARTICLE SYNOPSIS ...After a big advance in 2005, Google consolidated in 2006 with a big triangle, and the subsequent break will decide this bellwether's fate....
Small-Caps Continue To Lag Large-Caps
ARTICLE SYNOPSIS ...While the Standard & Poor's 500 records multiyear highs, the S&P SmallCap Index remains below its July high, and continued relative weakness bodes ill for small-caps....
Cummins Breaks Flag Support
ARTICLE SYNOPSIS ...After a weak rally, Cummins Engine broke flag support, and that could lead to an even bigger trend reversal....
Signs Of Accumulation For Silicon Labs
ARTICLE SYNOPSIS ...Silicon Labs has consolidated over the last few months, and signs of accumulation within this consolidation favor an upside breakout....
Flag Breakout For XAU
ARTICLE SYNOPSIS ...Despite the potential for a massive head & shoulders reversal pattern, the Philadelphia Gold & Silver Index recently broke flag resistance, pointing to higher prices....
Long-Term Rates Trending Lower
ARTICLE SYNOPSIS ...The 10-year Treasury note yield found support over the last two months but remains short of a reversal, and the odds favor a move lower for interest rates....
Nikkei Breaking Down
ARTICLE SYNOPSIS ...The Nikkei 225 is breaking down on a number of fronts, and this points to a continuation of the April–June decline....
NASDAQ Channels Higher
ARTICLE SYNOPSIS ...Despite a warning shot from the stochastic oscillator, the NASDAQ remains in a rising channel and trend has yet to bend....
Waning Money Flow For Hewlett Packard
ARTICLE SYNOPSIS ...Momentum and money flow failed to confirm the latest high in Hewlett Packard, and trouble could be brewing....
A Potential Double Bottom In Bananas
ARTICLE SYNOPSIS ...Chiquita Brands surged off support over the last few weeks, and a double bottom could be taking shape....
Halliburton Takes A Rest
ARTICLE SYNOPSIS ...After a big surge on high volume, Halliburton took a breather over the last two weeks. Traders should look for a breakout to signal a continuation higher....
H&R Block Leaves Shorts Stranded
ARTICLE SYNOPSIS ...H&R Block gapped higher to form an island reversal that left the shorts stranded below the gap....
PMC-Sierra Surges Above Resistance
ARTICLE SYNOPSIS ...A high-volume breakout opens the door to higher prices for PMC-Sierra....
XM Satellite Traces Out A Double Bottom
ARTICLE SYNOPSIS ...XM Satellite gapped up on high volume to solidify support and open the door to a double-bottom reversal pattern....
Resistance Looms For Phelps Dodge
ARTICLE SYNOPSIS ...A bearish engulfing pattern at resistance could spell trouble for Phelps Dodge. Here's what to look for....
CheckPoint Makes A Big Breakout
ARTICLE SYNOPSIS ...After turning rather boring in September and most of October, Checkpoint Systems came back to life with a resistance breakout on big volume....
Short-Term Moment Of Truth For The Dow
ARTICLE SYNOPSIS ...The Dow Jones Industrial Average has corrected over the last three days, and this correction is nearing its make-or-break point....
STI Nears Reversal Zone
ARTICLE SYNOPSIS ...The Singapore Straits Times fell off a cliff in May but has yet to become oversold as it nears support....
OEX Battles 580
ARTICLE SYNOPSIS ...The S&P 100 came down hard in May, but managed to find support at a prior resistance zone. Meanwhile, the battle for 580 is still raging....
Dow Nears Support Zone
ARTICLE SYNOPSIS ...The Dow Jones Industrial Average has entered a support zone that marks the make-or-break level for the medium-term uptrend....
Mind The Gap At Ameristar Casinos
ARTICLE SYNOPSIS ...After a laborious advance over the last six months, Ameristar Casinos broke down in a big way, signaling a continuation of the prior decline....
Home Depot Breaking Down
ARTICLE SYNOPSIS ...After underperforming the S&P 500 for months, Home Depot is finally cracking with a high-volume decline....
Support Is Close At Hand For The FTSE
ARTICLE SYNOPSIS ...Some indicators suggest that support is close at hand for the FTSE and that traders should prepare for a bounce....
A Double Top For DR Horton
ARTICLE SYNOPSIS ...This home-builder stock is testing support from its October 2005 lows, and a break below this level would confirm a double-top formation....
A Moving Average Sandwich For Dow Chemical
ARTICLE SYNOPSIS ...Dow Chemical is stuck in a support zone bound by two moving averages, and the direction of the break when it happens will have long-term implications....
The Yen's Power Move
ARTICLE SYNOPSIS ...The recent surge in the yen reversed a 14-month downtrend to signal a continuation of the multiyear uptrend....
DJIA Hits Massive Resistance
ARTICLE SYNOPSIS ...The Dow Jones Industrial Average remains in a strong uptrend, but this key average just hit a massive resistance zone, and a pullback may be in order....
ISSI Shows Signs Of Accumulation
ARTICLE SYNOPSIS ...Integrated Silicon Solution has been consolidating in 2006 and is showing signs of buying pressure....
Avaya Continues Higher
ARTICLE SYNOPSIS ...A recent neckline breakout on good volume points to higher prices for Avaya....
Schering Plough Holds Gap
ARTICLE SYNOPSIS ...Schering Plough formed a bull flag after a big gap, and this points to higher prices ahead....
Negative Divergence Hangs Over Sandisk
ARTICLE SYNOPSIS ...Sandisk bounced over the last few weeks, but the current advance looks corrective and a negative divergence in the commodity channel index should be watched carefully....
Bear Trap Bodes Bull For Massey
ARTICLE SYNOPSIS ...Massey Energy was poised to move lower after a support break, but managed to firm and recover with a gap on good volume....
Internet HOLDRS Testing Support With Two Harami
ARTICLE SYNOPSIS ...Two bullish candlestick reversals show promise for the Internet HOLDRS, but these have yet to be confirmed, and momentum favors the bears....
Dell And The Descending Triangle
ARTICLE SYNOPSIS ...Dell found support just above 28 over the last five months, but it means little as long as the lower highs persist....
IBM Returns To Breakout
ARTICLE SYNOPSIS ...IBM broke resistance with a surge in March, and a return to this breakout offers a second chance to partake in the new uptrend....
International Paper Holds The Breakout
ARTICLE SYNOPSIS ...International Paper broke resistance in early March, and a successful test of this breakout points to higher prices....
A Mini Diamond For The DIA
ARTICLE SYNOPSIS ...After leading the market higher, the Dow Diamonds formed a mini-diamond consolidation, and the subsequent break will provide the next signal....
Island Reversal Looms For XLF
ARTICLE SYNOPSIS ...The Finance SPDR gapped down last week, and negative momentum points to lower prices ahead....
NASDAQ Fails At Resistance
ARTICLE SYNOPSIS ...NASDAQ cannot hold above 2300 and the bearish candlestick reversals are confirming resistance....
3M Lags The Dow
ARTICLE SYNOPSIS ...The Dow Jones Industrial Average is breaking out to new highs, but 3M remains down in the dumps with a bearish continuation pattern in the works....
Wal-Mart Is Off To The Races
ARTICLE SYNOPSIS ...After a correction and consolidation, Wal-Mart broke resistance on big volume and is ready to challenge its 2005 highs....
A Look At The Equal Weight NASDAQ 100
ARTICLE SYNOPSIS ...The NASDAQ 100 Equal Weight Index looks stronger than its weighted brother, and both are poised to break out....
NYSE Net New Highs Waning
ARTICLE SYNOPSIS ...Even thought NYSE Composite remains strong, net new highs on the NYSE are waning as fewer stocks participate in the advance....
TDW Returns To Broken Resistance
ARTICLE SYNOPSIS ...The recent decline in Tidewater looks like a correction back to the resistance breakout....
UPS Starts Outperforming
ARTICLE SYNOPSIS ...UPS ignores market weakness with a breakout on good volume....
A Head & Shoulders For AIG
ARTICLE SYNOPSIS ...AIG formed a nice head & shoulders over the last few months, and a break below neckline support would confirm the bearish reversal pattern....
A Double Top For XLU?
ARTICLE SYNOPSIS ...The utility SPDR failed at resistance, and a break below the February low would confirm a double top....
IBM Consolidates Below Key Moving Averages
ARTICLE SYNOPSIS ...IBM is stalling near a key long-term moving average, but has yet to show strength that would indicate a bullish reversal....
First Bounce Fails For Amazon
ARTICLE SYNOPSIS ...Amazon's first bounce off support failed, but a positive divergence in RSI should be watched for a second try....
MMM Hits The Gap Zone
ARTICLE SYNOPSIS ...3M enters its make-or-break point with a consolidation at support....
A Selling Climax For MMC
ARTICLE SYNOPSIS ...A high-volume selling day at support could signal a bottom for Marsh & McLennan....
Gap Continues Lower
ARTICLE SYNOPSIS ...Gap Inc. looked like it was basing a few months ago, but a recent support break signals a continuation of the long-term downtrend....
Coco Gets Some Relative Gogo
ARTICLE SYNOPSIS ...While the broader market remains weak, COCO shows signs of buying pressure and good relative strength that could foreshadow a breakout....
AllTel Attempts Reversal
ARTICLE SYNOPSIS ...After a decline in May and June, AllTel formed a bullish engulfing at support, which could mark the beginning of a new upswing....
A Dead Cross For Apple
ARTICLE SYNOPSIS ...While the NASDAQ popped over the last five days, Apple remained stuck in a trading range near support and shows no signs of strength....
SOX Is Oversold And At Support
ARTICLE SYNOPSIS ...Conditions are ripe for a bounce as the Philadelphia Semiconductor Index trades near support and becomes oversold....
A Pennant For Alcoa
ARTICLE SYNOPSIS ...Alcoa formed a pennant at support, and the subsequent break holds the key to the next directional move....
ABC Correction For NYA
ARTICLE SYNOPSIS ...The NYSE Composite declined sharply over the last six weeks, but the pattern looks like a classic Elliott wave correction and support is near....
Genentech Firms Amid Market Weakness
ARTICLE SYNOPSIS ...The major stock indexes got clobbered in May and June, but Genentech held firm and showed signs of accumulation....
SPX Breaks 200-Day Moving Average—Again
ARTICLE SYNOPSIS ...The S&P 500 broke its 200-day moving average for the fourth time in two years. Despite these breaks, the bulls recovered and the index moved to new highs each time....
A Bearish Flag For Google
ARTICLE SYNOPSIS ...Google found support near its 200-day moving average, but a bearish flag looms, and traders should watch key support closely....
Dollar Breaks Range Resistance
ARTICLE SYNOPSIS ...After firming the last few weeks, the US Dollar Index broke range resistance, which argues for higher prices in the coming weeks....
Classic Technical Analysis For The NASDAQ
ARTICLE SYNOPSIS ...Two classic patterns in technical analysis was at work in the NASDAQ, pointing to a continuation of the May decline....
Nikkei Tries To Hammer Out A Bottom
ARTICLE SYNOPSIS ...A hammer at support and indicator divergence could foreshadow a bounce in the Nikkei....
American Express Flirts With Double Top Support
ARTICLE SYNOPSIS ...American Express (AXP) formed a double top in 2006, but support is refusing to go quietly and the pattern has yet to be confirmed....
Signs Of Accumulation In WMI
ARTICLE SYNOPSIS ...Despite a decline over the last three months, key volume indicators have remained strong for Waste Management (WMI) and the correction may be nearing its end....
Amex Cyclical Index Reaches Key Support
ARTICLE SYNOPSIS ...An oversold oscillator and key support level could lead to a bounce in the Amex Cyclicals Index....
Oracle Outperforms
ARTICLE SYNOPSIS ...While the NASDAQ recently broke to a new 52-week low, Oracle reached a 52-week high and shows excellent relative strength....
Brewers Index Looking Strong
ARTICLE SYNOPSIS ...A double bottom breakout and bullish continuation pattern point to higher prices for the Dow Jones US Brewers Index....
A Double Top For The Dow Transports
ARTICLE SYNOPSIS ...The Dow transports met resistance around 5000 twice in the last three months, and a rather large double top is brewing....
KLA Tencor Forms Big Engulfing Pattern
ARTICLE SYNOPSIS ...After a long consolidation, KLA Tencor formed a big bullish engulfing at support, and follow-through above resistance would confirm this pattern....
FTSE: Double Bottom Or Rising Flag?
ARTICLE SYNOPSIS ...Even though the FTSE broke resistance at 5800 and this break is holding, the pattern does not look like a robust double bottom and traders should be on guard for a failed breakout....
Momentum Improving For Anadarko
ARTICLE SYNOPSIS ...This stock is underperforming the energy SPDR currently, but that could change....
Aussie Dollar Gaps Higher
ARTICLE SYNOPSIS ...The Australian Dollar Index ended a picture-perfect correction with a gap that opens the door to higher prices in July....
Yahoo! Consolidates At Resistance
ARTICLE SYNOPSIS ...After a late June surge, Yahoo! formed a tight consolidation during the last six days and the subsequent break will dictate the next tradable move....
A Nice Breakout For Merck
ARTICLE SYNOPSIS ...With a breakout to new highs, Merck continues to outperform its peers in the S&P 500 and health-care sector....
Dow Bounces, Hits Resistance Zone
ARTICLE SYNOPSIS ...After a big bounce in the last few weeks, the Dow Jones Industrial Average hit a resistance zone....
A Bullish Pattern For ExxonMobil
ARTICLE SYNOPSIS ...After a stellar run in 2004, ExxonMobil began a long consolidation period that traced out a bullish ascending triangle....
McClellan Oscillator High For NYSE Composite
ARTICLE SYNOPSIS ...A look at the McClellan oscillator for the NYSE Composite iShares shows that the rally over the past week was the strongest of the year....
Starbucks Trying To Perk
ARTICLE SYNOPSIS ...Starbucks broke above flag resistance, but low volume suggests that this breakout may lack caffeine....
Inco Breaking Out To New Highs
ARTICLE SYNOPSIS ...Inco's recent breakout on big volume argues for continued strength over the next few months....
IBM On The Verge Of A Big Break
ARTICLE SYNOPSIS ...IBM failed to hold onto its early January gains and is on the verge of a major support break....
A Bull Trap For Xilinx
ARTICLE SYNOPSIS ...The Xilinx bulls had a lot going last week, but a failed breakout and gap down set a classic bull trap....
A Bullish Flag For The US Dollar Index
ARTICLE SYNOPSIS ...The US Dollar Index has declined the last few weeks, but the pattern looks similar to that seen in July-August 2005, and support is at hand....
A Breakaway Gap For Abercrombie
ARTICLE SYNOPSIS ...A breakaway gap and an ultimate divergence spell trouble for Abercrombie & Fitch....
Nikkei Free-Falls To First Support Zone
ARTICLE SYNOPSIS ...Even though the Nikkei is near support, the sharp decline signals a sharp shift in trader sentiment that is unlikely to dissipate overnight....
A Bear Trap For The Swiss Franc
ARTICLE SYNOPSIS ...The Swiss franc appeared to break support in November, but a robust recovery and a gap puts the ball back in the bullish court....
Oracle Turned Back At Gap
ARTICLE SYNOPSIS ...Oracle surged at the beginning of January, but failed in the gap zone and currently remains just short of a breakout....
Aussie Dollar Index Firms With Divergence
ARTICLE SYNOPSIS ...The Australian Dollar Index declined throughout 2005 but finally reached support. Early strength in 2006 could lead to a trend reversal....
Caterpillar Leads The Dow
ARTICLE SYNOPSIS ...Caterpillar led the Dow industrials higher in November and continues to show leadership with a breakout to new highs....
Thai SET Finally Gets Direction
ARTICLE SYNOPSIS ...After a two-year consolidation, the Thailand SET Index started the new year with a breakout to turn bullish....
DJIA Holding Broken Resistance
ARTICLE SYNOPSIS ...The DJIA is consolidating above broken resistance with a falling flag, and a breakout would signal a continuation higher....
Cotton Ready To Climb
ARTICLE SYNOPSIS ...NYBOT cotton has formed an ascending triangle, and a resistance challenge looks imminent....
Waning Momentum For Motorola
ARTICLE SYNOPSIS ...A bearish reversal pattern and less upside momentum mean that traders should watch key support for Motorola....
Coke Finds Some Fizzle
ARTICLE SYNOPSIS ...Coca-Cola has been lagging for a while, but things are starting to look up with price and volume breakouts....
Texas Instruments Turned Back At Key Moving Average
ARTICLE SYNOPSIS ...Texas Instruments is dragging the semiconductors sector lower with a break below a key moving average....
Biotech HOLDRS Surge To Channel Resistance
ARTICLE SYNOPSIS ...The Biotech HOLDRS surged over the last two weeks, but resistance is near and Aroon is not impressed....
GS Energy Index Breaks Triangle Support
ARTICLE SYNOPSIS ...The GS Energy Index broke triangle support, but a potentially bullish wedge is forming and a wave C may be ending....
Google Finally Gets Oversold
ARTICLE SYNOPSIS ...After becoming oversold, Google is finding support at a logical level and getting a bounce. Is it sustainable?...
A Confluence Of Support For IWM
ARTICLE SYNOPSIS ...The big trend is up and a confluence of support indicators suggests that the mild correction may be nearing an end....
Inverted Hammers Find Support For Wal-Mart
ARTICLE SYNOPSIS ...After a decline into mid-January, Wal-Mart firmed with a pair of inverted hammers, and improving OBV points to higher prices....
Bear Flag For Bond ETF
ARTICLE SYNOPSIS ...The iShares 20-year T-Bond Fund is digesting a sharp decline with a rising flag, and a support break would signal a continuation lower....
Dell's Double Bottom
ARTICLE SYNOPSIS ...Dell bounced off support from its prior low with big volume, and now, a potential double bottom is taking shape....
Shuffle Master Deals A Bad Hand
ARTICLE SYNOPSIS ...A moving average break and relative weakness spell lower prices for Shuffle Master....
Texas Instruments Firms At Trendline Support
ARTICLE SYNOPSIS ...Texas Instruments fell hard in January, but a bullish candlestick reversal at support argues for a bounce....
Alaska Air Consolidates At Trendline Support
ARTICLE SYNOPSIS ...After a hard landing in January, Alaska Air managed to firm at trendline support, and the current consolidation holds the key to the next move....
Bearish Developments In The Dow Utilities
ARTICLE SYNOPSIS ...The Dow utilities average is trading well above its October low, but three bearish developments point to a test of this low in the future....
Procter & Gamble's Ascending Triangle
ARTICLE SYNOPSIS ...Procter & Gamble may not be the most exciting stock these days, but it is breaking out to new highs and showing leadership....
UPS Coils Tighter
ARTICLE SYNOPSIS ...United Parcel Service is stuck in a trading range, but weak relative performance suggests a break to the downside....
A Holiday Breakout For Krispy Kreme
ARTICLE SYNOPSIS ...After a big surge through resistance Krispy Kreme settled down to form a triangle, and the recent breakout points to further strength....
Pulte Returns To Neckline Break
ARTICLE SYNOPSIS ...Pulte Homes rallied over the last six months, but resistance from a neckline support break is close at hand, and the advance looks corrective....
A Double Top In Telecom?
ARTICLE SYNOPSIS ...The North American Telecom Index is challenging its prior high, but a big negative divergence in the moving average convergence/divergence means traders should also be on guard for a double top....
Small Caps Show Relative Weakness
ARTICLE SYNOPSIS ...The S&P Small-Cap iShares has been underperforming the S&P 500 this month, and a bearish candlestick reversal points to more weakness....
A Banking Breakout
ARTICLE SYNOPSIS ...The Banking Index broke to new highs this week to affirm the current uptrend and project further strength....
GE Starts To Falter
ARTICLE SYNOPSIS ...GE has underperformed the S&P 500 since mid-October, and relative weakness increases the chances of a support break....
The Gold Bugs Index Hits Support
ARTICLE SYNOPSIS ...The December decline in the Amex Gold Bugs Index hit support and recent firmness could foreshadow a break higher....
The NASDAQ 100 Winds Up For The Pitch
ARTICLE SYNOPSIS ...A narrowing consolidation can't last forever, and the NASDAQ 100 looks poised to break the recent trading range. Here's what to look for....
An Oversold Bounce For The Greenback
ARTICLE SYNOPSIS ...The US Dollar Index shows signs of firming and looks ripe for an oversold bounce. However, the bigger trend is down--will resistance be around?...
Internet HOLDRS Reaches Resistance
ARTICLE SYNOPSIS ...The Internet HOLDRS rebounded sharply over the last four months, but the rally is running into resistance and the exchange traded fund is still lagging the NASDAQ....
The Calm Before The Storm In AMD
ARTICLE SYNOPSIS ...Trading in AMD has turned ever so boring as a tight trading range evolves. Look for a break above this range for the next signal....
Mind The Gap For Home Depot
ARTICLE SYNOPSIS ...A resistance breakout with a gap and high volume open the door to higher prices for Home Depot....
Johnson & Johnson Corrects Back To Breakout
ARTICLE SYNOPSIS ...Is the decline in Johnson & Johnson a mere correction, or is it the start of something bigger? Here's what to look for....
Large Are Leading
ARTICLE SYNOPSIS ...Large caps are taking the initiative as the S&P 100 outperforms both the NASDAQ and the S&P SmallCap Index....
BEA Systems Making A Breakout Bid
ARTICLE SYNOPSIS ...BEA Systems is on the verge of an important breakout after a gap and high-volume surge....
Yet Another Gap For Affymetrix
ARTICLE SYNOPSIS ...Affymetrix gapped lower for the fifth time this year, but a high-volume selloff and an August bounce could make this gap an exhaustion gap....
Cardinal Health Stalls After Surge
ARTICLE SYNOPSIS ...After a mid-July surge, Cardinal Health stalled over the last few weeks. Traders should watch the consolidation boundaries for the next signal....
Relative Weakness Bodes Ill For Wal-Mart
ARTICLE SYNOPSIS ...Wal-Mart bounced over the last few weeks, but stiff resistance is at hand and the stock remains an underperformer....
Gap Off Support Bodes Well For EMC
ARTICLE SYNOPSIS ...After a selling climax in July, EMC Corp. (EMC) surged off support with a gap, calling for higher prices....
The Moment Of Truth Looms For The FTSE
ARTICLE SYNOPSIS ...The FTSE is holding its uptrend, but the August pullback carried it back to key support, and a big test looms....
Cue On Big Blue
ARTICLE SYNOPSIS ...After a surge in mid-July and consolidation in August, IBM traders should cue off the 50-day moving average for a continuation breakout....
Has eBay Had Enough?
ARTICLE SYNOPSIS ...EBAY is down over 50% this year, but there are signs of support near current levels, and the stock looks ripe for at least an oversold bounce....
Symantec Rests Before Its Next Move
ARTICLE SYNOPSIS ...With Symantec consolidating over the last seven days, a consolidation breakout would signal a continuation higher....
A Bollinger Band Contraction For RIMM
ARTICLE SYNOPSIS ...Research In Motion consolidated over the last two months, and this type of volatility contraction often precedes a directional move....
A Big Double Top In Long Term Rates
ARTICLE SYNOPSIS ...The 30-year Treasury bond yield is testing support from a large double top, and further weakness would increase the chances of a Fed pause....
Russell 2000 Gears Up For A Move
ARTICLE SYNOPSIS ...The Russell 2000 remains in a tight consolidation, and the impending break could have far-reaching consequences....
The Tide Is Turning At Tidewater
ARTICLE SYNOPSIS ...A recent gap off support with big volume and a strength in two key indicators point to higher prices for Tidewater....
Swiss Franc Index Poised For A Breakout
ARTICLE SYNOPSIS ...The decline in the Swiss franc index over the last few months looks like a correction, and a surge off support suggests that the correction is ending....
XLY Forms Ascending Triangle
ARTICLE SYNOPSIS ...The Consumer Discretionary SPDR continues to underperform the broader market, but an ascending triangle breakout could change that....
Citigroup Fails After Gap
ARTICLE SYNOPSIS ...Citigroup remains in an uptrend but recently failed to hold a gap. This could signal the beginning of the end of the trend....
CheckPoint Consolidates After Gap
ARTICLE SYNOPSIS ...Checkpoint Systems gapped down in early March and has yet to recover. Signs of distribution within the consolidation suggest a downside break....
BMC Bounces On Good Volume
ARTICLE SYNOPSIS ...BMC Software shows signs of accumulation, and a consolidation breakout looks increasingly likely....
Texas Utilities Bounces Off Support
ARTICLE SYNOPSIS ...Utility stocks have been hit hard the last few months, but a recent bounce off support from Texas Utilities could buoy the group....
ExxonMobil Breaks Triangle Resistance
ARTICLE SYNOPSIS ...After a long consolidation, ExxonMobil broke triangle resistance to signal a continuation higher....
Flextronics Flexes Its Muscle
ARTICLE SYNOPSIS ...A gap and breakout on big volume point to higher prices for Flextronics....
Pulte Is Failing At Resistance
ARTICLE SYNOPSIS ...Uninspiring money flows and resistance spell trouble for Pulte Homes....
Intel Returns To Dullsville
ARTICLE SYNOPSIS ...Contracting volatility in Intel should put traders on alert for a big move. But which way?...
Mind The Merck Gap
ARTICLE SYNOPSIS ...Merck had a great run, but a gap down on big volume signals a shift in opinion....
Picking A Bottom In Bonds
ARTICLE SYNOPSIS ...As sharp as the decline in bonds has been, a key momentum oscillator has positive divergence working and support is at hand....
An Exhaustion Gap For Radio Shack?
ARTICLE SYNOPSIS ...Radio Shack remains in a downtrend, but managed to firm immediately after a big gap -- which may turn into an exhaustion gap....
Apple Enters The Reversal Zone
ARTICLE SYNOPSIS ...Apple led the market lower over the last two to three months, but recently, it entered a reversal zone. The correction could be nearing its end....
Schlumberger Is Getting Mighty Frothy
ARTICLE SYNOPSIS ...Despite a long-term uptrend, Schlumberger is trading near resistance from its January high, and waning momentum suggests that a pullback is in order....
US Steel Cannot Recover After Gap
ARTICLE SYNOPSIS ...US Steel gapped down on September 20, and this gap should be considered bearish unless it is filled....
Bollinger Bands Narrow On Palladium
ARTICLE SYNOPSIS ...Palladium has been lagging gold lately, and the resolution of the current consolidation holds the key to the future....
Key Support Test For UPS
ARTICLE SYNOPSIS ...UPS is testing key support. A downside break would be most bearish for the stock and the Dow transports....
Consumer Staples Sector Fails To Offer Safe Haven
ARTICLE SYNOPSIS ...The Consumer Staples SPDR has been underperforming the Standard & Poor's 500, and continued distribution bodes ill for this sector....
A Blow-Off Top For American Express
ARTICLE SYNOPSIS ...A high-volume surge and bearish candlestick reversal point to a blow-off top for American Express....
Euro Index Breaks Flag Support
ARTICLE SYNOPSIS ...After a weak rally the last two months, the euro index broke flag support to signal a continuation of the larger downtrend....
Semiconductor HOLDRS Barely Holding On
ARTICLE SYNOPSIS ...A failed breakout and a waning on-balance volume point to lower prices for the semiconductor HOLDRS....
Nasdaq A/D Line Holding Back
ARTICLE SYNOPSIS ...The NASDAQ moved to a new reaction high in August, but the A/D line failed to confirm and remains well below its prior high....
JDS Uniphase Attempts Another Breakout
ARTICLE SYNOPSIS ...After failed breakout attempts in May and July, the third time may prove lucky for JDS Uniphase....
SPY Forms Harami At Resistance
ARTICLE SYNOPSIS ...After a sharp rally, the Standard & Poor's 500 EFT formed a harami at resistance and on-balance volume sported a large negative divergence....
Intel Cannot Keep Up
ARTICLE SYNOPSIS ...A support break and poor relative strength plague Intel and point to lower prices ahead....
Xilinx Attempts Head And Shoulders Reversal
ARTICLE SYNOPSIS ...Xilinx formed an inverse head & shoulders over the last few months, but volume is not impressive and resistance is close at hand....
Coke Shows Some Fizz
ARTICLE SYNOPSIS ...Coca-Cola has consolidated the last few months, but volume and momentum favor an upside breakout....
Semis Lagging NASDAQ
ARTICLE SYNOPSIS ...While the NASDAQ surged and broke resistance over the last seven days, the semiconductor HOLDRS remains flat and is not keeping up....
Dow Does It Again
ARTICLE SYNOPSIS ...Once again, the DJIA has managed to forge a higher low and surge after a bullish candlestick reversal pattern....
The 62% Key For Micron
ARTICLE SYNOPSIS ...The 62% retracement has worked well for Micron, and the stock is testing this level yet again....
Bullish Candlestick Reversal Fails To Inspire Pulte
ARTICLE SYNOPSIS ...Pulte Homes forged a classic retracement but cannot follow through on a bullish candlestick reversal, and lower prices are likely....
Key MidCap Index Runs Into Resistance
ARTICLE SYNOPSIS ...The S&P MidCap Index broke support in early October, and the recent rally over the last two weeks is running into resistance from this broken support level....
McDonalds Shows Good Relative Strength
ARTICLE SYNOPSIS ...A triangle breakout and good relative strength bode well for the Big Macs....
Abercrombie & Fitch Firms At Key Retracement
ARTICLE SYNOPSIS ...Abercrombie & Fitch is stabilizing at a key retracement point just as a bullish candlestick reversal takes shape....
Oh No, It's Cisco
ARTICLE SYNOPSIS ...Cisco has never recovered from the 2004 decline and formed a bearish head & shoulders pattern over the last nine months....
Retail HOLDRS Forming Candlestick Bottom
ARTICLE SYNOPSIS ...After a sharp decline, the retail HOLDRS firmed in September and formed at least three candlestick reversals in the last few weeks....
United Tech Forms A Large Diamond
ARTICLE SYNOPSIS ...United Technologies has been in a holding pattern this year, but the pattern is looking bearish and momentum is breaking down....
Participation On The NYSE Narrows
ARTICLE SYNOPSIS ...The NYSE Composite moved to new highs in September, but not as many stocks participated as before -- not a good omen....
Weyerhaeuser Lagging
ARTICLE SYNOPSIS ...Weyerhaeuser has been underperforming the broader market and formed a bearish reversal pattern over the last 12 months....
OEX Breaks Neckline Support
ARTICLE SYNOPSIS ...After a long, drawn-out consolidation, the S&P 100 made a directional decision with a big support break....
Big Blue Shows Relative Strength
ARTICLE SYNOPSIS ...IBM is showing some relative strength lately and should be watched closely for a potential breakout that could revive the tech sector....
Midcap ETF Turned Back At Resistance
ARTICLE SYNOPSIS ...The S&P Midcap ETF was turned back at resistance for the third time, and a bearish triple top is taking shape....
Silver Strings Out Consolidation
ARTICLE SYNOPSIS ...The consolidation in silver is narrowing as the triangle trendlines converge and Bollinger Bands contract....
Bearish Candlesticks Gang Up On Home Depot
ARTICLE SYNOPSIS ...The mid-November gap has become a battle zone for Home Depot, and the two-week trading range will decide the stock's fate....
Nike Becomes Overbought
ARTICLE SYNOPSIS ...Nike became overbought in early November and is showing signs of fatigue as it tests its early November high....
Shanghai Composite Consolidates Below Support
ARTICLE SYNOPSIS ...After breaking support in late October, the Shanghai Composite has traded flat as it gears up for its next move....
When Seemingly Good Patterns Go Bad
ARTICLE SYNOPSIS ...With two big moves in as many months, the outlook for the Dow Diamonds went from bear to bull with a classic whipsaw....
Industrials SPDR Leads With A Breakout
ARTICLE SYNOPSIS ...After a 12-month trading range, the industrials SPDR is finally breaking free, pointing to higher prices....
Swiss Franc Cannot Hold Support
ARTICLE SYNOPSIS ...The Swiss franc broke support last week and the long-term uptrend is on the verge of a reversal....
Petsmart Returns To The Scene Of The Crime
ARTICLE SYNOPSIS ...Petsmart confirmed a major reversal pattern and returned to this support break, which now marks an important resistance level....
XAU Holding Breakout
ARTICLE SYNOPSIS ...After a short and sharp pullback, the Philadelphia Gold & Silver Index found support and broke trendline resistance to resume the uptrend....
RSI Waning In France's CAC 40
ARTICLE SYNOPSIS ...The CAC 40 is losing momentum as a bearish reversal pattern takes shape....
Bands Narrow On Yahoo!
ARTICLE SYNOPSIS ...Yahoo! has been in a trading range the entire year, but narrowing Bollinger Bands suggest that this situation is about to end....
Internet Architecture Holding Range
ARTICLE SYNOPSIS ...The Internet architecture HOLDRS held up quite well in the first half of October, but failed to participate in the market bounce over the last few weeks....
Kuala Lumpur Composite Finds Support
ARTICLE SYNOPSIS ...The Kuala Lumpur Composite has a classic correction working, and the end of the decline could be at hand....
Industrials Fail To Confirm Transports
ARTICLE SYNOPSIS ...The Dow transports raced to a new all-time high this month, but the Dow industrials is lagging badly with a bearish pattern in the works....
Retail HOLDRS Still Firming At Support
ARTICLE SYNOPSIS ...The retail HOLDRS formed an island reversal at support, adding to the parade of bullish reversal patterns over the last two months....
Signs Of Accumulation In Millennium
ARTICLE SYNOPSIS ...Millennium has been in the dog house since January 2004, but some key volume indicators show buying pressure over the last three months....
DuPont Gears Up For A Move
ARTICLE SYNOPSIS ...DuPont gears up for a move, and we should be ready for it....
Semi HOLDRS Heading For A Whole Lot Of Resistance
ARTICLE SYNOPSIS ...The semiconductor HOLDRS is closing at the top of its 2005 range, and a reversal may be in the offing....
Novell Breaks Neckline Resistance On Good Volume
ARTICLE SYNOPSIS ...Novell diverged from NASDAQ in March, and a recent breakout on good volume points to higher prices in 2005....
Networking Index Traces out An ABC
ARTICLE SYNOPSIS ...The long decline in the Amex Networking Index looks like a normal ABC correction that may have just ended....
CIEN: Double Bottom Or Dead Cat Bounce?
ARTICLE SYNOPSIS ...Volume and momentum suggests that the recent bounce in Ciena may be more than the dead cat variety....
Pharma HOLDRS Consolidate Above Resistance Break
ARTICLE SYNOPSIS ...After a breakout in mid-April, the Pharma HOLDRS formed a triangle above resistance, and volume flows pointed to an upside breakout....
Oil Service HOLDRS Enter Support Zone
ARTICLE SYNOPSIS ...After a high-volume decline, the oil service HOLDRS entered a support zone that could ultimately lead to a bullish reversal....
Oracle Declines To Key Retracement, But Still Bearish
ARTICLE SYNOPSIS ...Oracle is firming near a key retracement, but needs a catalyst before turning bullish....
Two Bearish Patterns Spell Lower Prices For Nucor
ARTICLE SYNOPSIS ...Nucor recently broke pennant support and is now testing neckline support of a head-and-shoulders reversal....
The Dreaded Wedge Appears In Hewlett-Packard
ARTICLE SYNOPSIS ...Shares of Hewlett-Packard have enjoyed a nice advance since August, but the move appears to be nearing its end as momentum wanes....
Rowan Returns To Resistance Breakout
ARTICLE SYNOPSIS ...Despite a sharp decline over the last two months, the decline in Rowan Cos. looks like a normal correction....
Nokia Breaks Triangle Resistance On Good Volume
ARTICLE SYNOPSIS ...In another positive sign for tech stocks, Nokia gapped up on good volume and broke triangle resistance to signal a continuation higher....
Apple Settles After Support Break
ARTICLE SYNOPSIS ...Apple has consolidated over the last two weeks and is likely to make a significant move sooner rather than later....
Time For Intel To Hold Or Fold
ARTICLE SYNOPSIS ...A recent breakout on good volume bodes well for Intel as long as key support holds....
Merck Holds Firm In The Face Of Market Weakness
ARTICLE SYNOPSIS ...Merck is battling back with a triangle breakout and a consolidation near resistance....
NYSE Breadth Deteriorates Fast
ARTICLE SYNOPSIS ...Even though the NYSE Composite index is holding above its January 2005 low, relative weakness in a key breadth indicator could spell trouble....
Small Caps Lagging Large Caps
ARTICLE SYNOPSIS ...The small-cap dominated Russell 2000 index, which started underperforming the S&P 500 in December, looks ripe for further downside....
Land Of The Falling Yen
ARTICLE SYNOPSIS ...Even though the big trend remains up, a recent rising flag support break points to further weakness for the yen/US dollar....
Software Looking Soft
ARTICLE SYNOPSIS ...After a period of indecision and consolidation, the iShares Software Index Fund appears to have made up its mind....
Airlines Still Heading Down
ARTICLE SYNOPSIS ...Despite losing more than 50% since October 2003, bearish continuation patterns are still emerging in the Dow Jones Airline Index....
A Triple Bearish Play Hits The Nasdaq
ARTICLE SYNOPSIS ...After running in place for two months, the Nasdaq has started breaking down with momentum and money flow confirming....
Hang Seng Trades Down To Key Support
ARTICLE SYNOPSIS ...The Hang Seng is consolidating at support with the long-term uptrend hanging in the balance....
RSI Divergence Looms Large For Caterpillar
ARTICLE SYNOPSIS ...Caterpillar has been a top performer over the last two and a half years, but a large negative divergence in RSI could signal the beginning of the end....
Mitsubishi Tokyo Financial Forms Bullish Continuation Pattern
ARTICLE SYNOPSIS ...After a big run in 2004, Mitsubishi Tokyo Financial consolidated for several months and looks poised to continue higher....
Coke Gets A Leg Up On Pepsi
ARTICLE SYNOPSIS ...Coca-Cola performed poorly in 2004, but the stock has recovered in 2005 to fill a gap and start outperforming Pepsi....
QualComm Returns To The Scene Of The Crime
ARTICLE SYNOPSIS ...QualComm (QCOM) broke double-top support with a big gap, and this broken support area has now turned into resistance....
RSI Reaches Resistance Zone For SBC Corp.
ARTICLE SYNOPSIS ...SBC Corp. has been trending lower over the last several months, and the relative strength index has reached an important resistance level....
Schwab Reverses After Classic Retracement
ARTICLE SYNOPSIS ...After a 50-62% retracement of the prior advance, Schwab found support around 10.5, and buying pressure is on the increase....
International Paper Consolidates At Support
ARTICLE SYNOPSIS ...After a capitulation, International Paper found support near its prior low, and the current consolidation holds the key to the next move....
Starbucks Unable To Fill The Gap
ARTICLE SYNOPSIS ...While the broader market recovered in February, Starbucks has yet to fill its gap and remains oversold....
Rambus Slows To A Crawl
ARTICLE SYNOPSIS ...Rambus has been noticeably absent from the recent run in semiconductors, but shows signs of support and a volatility contraction....
Working Money: S&P 500: Overbought, Maybe. Bearish, No by Arthur Hill
Pfizer Pfinding It Tough
ARTICLE SYNOPSIS ...After being plagued by drug problems in 2004, Pfizer rebounded throughout 2005. However, bearish candlesticks and waning momentum suggest an end to the current rally....
Mind The Gaps In Centex
ARTICLE SYNOPSIS ...Centex, a leading home building stock, recently gapped higher on big volume, and this gap is close to becoming an exhaustion gap....
NASDAQ Forms Bullish Consolidation
ARTICLE SYNOPSIS ...NASDAQ has traded flat in June, and this consolidation looks like a bullish continuation pattern--or two....
Xilinx Testing Critical Support
ARTICLE SYNOPSIS ...Weak relative strength and a new low in on-balance volume point to a support break in Xilinx....
Nvdia Trying To Reverse At Resistance
ARTICLE SYNOPSIS ...Nvdia has been a stellar performer since August, but a potential double top and bearish engulfing pattern could mark the end of the run....
Software HOLDRS Firm At Support
ARTICLE SYNOPSIS ...After a big move in April and May, the software HOLDRS (SWH) corrected with a falling flag. That correction could be coming to an end....
MidCaps Leading The Pack
ARTICLE SYNOPSIS ...Fueled by the Home Builders, the S&P MidCap ETF is leading the market higher, but a broadening formation and waning momentum suggest caution....
iShares Financial Services ETF Holding Big Gap
ARTICLE SYNOPSIS ...Even though a consolidation formed over the last few weeks, high volume shows that a battle is raging and the next break is crucial for the iShares Financial Services ETF (IYG)....
Ag Prices Ready To Move Higher
ARTICLE SYNOPSIS ...The GS Agriculture Index ($GKX) has held key support and broken resistance to signal a continuation higher....
Generals Lead The NASDAQ Charge
ARTICLE SYNOPSIS ...The NASDAQ advance/decline volume line has sharply outperformed the A/D line over the last few weeks, showing leadership from the generals....
Airlines Ready To Fly
ARTICLE SYNOPSIS ...Despite continued high oil prices, the Amex Airline Index ($XAL) broke resistance and momentum has turned fully bullish....
Head & Shoulders Pattern Plays Out For 3M
ARTICLE SYNOPSIS ...3M was featured at the end of April with a potential head-and-shoulders pattern. The stock held neckline support, but another bearish pattern is taking shape....
Dow Reaches Its Moment Of Truth
ARTICLE SYNOPSIS ...The recent recovery in the Dow Industrials is quite impressive, but this key market barometer is not out of the woods just yet....
Playing the Range On Sun Microsystems
ARTICLE SYNOPSIS ...Sun Microsystems has been range bound for almost two years and recently moved into a reversal zone....
Maxtor Consolidates As Head-and-Shoulders Formation Evolves
ARTICLE SYNOPSIS ...Maxtor has a large inverse head-and-shoulders pattern working and looks ripe for a neckline test....
Euro Index Consolidates At Key Support
ARTICLE SYNOPSIS ...Even though the Euro Index has stabilized near key support, it has yet to forge a bullish reversal to trigger an advance....
Bovespa Consolidates At Key Support
ARTICLE SYNOPSIS ...After an important trendline break, the Bovespa is consolidating and further weakness would be most bearish....
Bearish Candles Turn Cisco Back
ARTICLE SYNOPSIS ...Cisco (CSCO) led the market higher in May, but cannot break through key resistance as bearish candlesticks form on each attempt....
Agilent Technologies Gaps Into Resistance Zone
ARTICLE SYNOPSIS ...Fanline breakouts and a gap spell higher prices for Agilent Technologies (A)....
Krispy Kreme Turns Dull
ARTICLE SYNOPSIS ...After a big fall from grace last year, Krispy Kreme (KKD) consolidated in 2005 and things could liven up soon....
A Bullish Pattern For Large-Cap Growth
ARTICLE SYNOPSIS ...The July surge in IVW completed the right shoulder of a bullish continuation pattern, and volume patterns are pointing to a breakout....
VIX Confirms Strength In S&P 100
ARTICLE SYNOPSIS ...Stocks continue to march higher as volatility continues to move lower....
Big Blue Makes A Big Break
ARTICLE SYNOPSIS ...IBM is leading the market once again with a high-volume breakout....
Three White Soldiers for Novellus
ARTICLE SYNOPSIS ...A candlestick reversal off a key retracement spells higher prices for Novellus Systems (NVLS)....
Finance SPDR Stalling And Overbought
ARTICLE SYNOPSIS ...After a big run since late April, the Finance SPDR (XLF) has become overbought and at resistance. Time to tread carefully....
British Pound Index Breaks Down Further
ARTICLE SYNOPSIS ...The British Pound Index ($XBP) broke key support in May and looks set to continue lower after a flat consolidation....
Volume And Momentum Turn Sour On Best Buy
ARTICLE SYNOPSIS ...Best Buy spearheaded the retail group, rising from mid-August to early November, but waning momentum and increasing volume on the downside may spell trouble ahead....
Mind The Gap For Autozone
ARTICLE SYNOPSIS ...Autozone has held up pretty well lately, but some bearish candlesticks and a gap may spell trouble ahead....
Nasdaq A/D Line Lagging
ARTICLE SYNOPSIS ...The August rally carried the Nasdaq to a new reaction high, but the A/D line was left holding the bag and formed a large negative divergence....
Cisco Is Pulling The Nasdaq Down
ARTICLE SYNOPSIS ...Cisco is pulling the Nasdaq down and remains an underperformer that may be about to make a significant move....
Ding Dong! Avon Calling All Bulls
ARTICLE SYNOPSIS ...With the S&P 500 down, January has been a grim month. However, Avon has a different story to tell....
The Noose Tightens For Micron Tech
ARTICLE SYNOPSIS ...Micron Tech has underperformed the market over the last few months and appears on the verge of moving even lower....
Dow Chemical Testing Key Support
ARTICLE SYNOPSIS ...Dow Chemical led the materials sector higher from mid-August to early December, but a double top is taking shape with signs of distribution....
A Breakout, And Now A Test For The Dow Diamonds
ARTICLE SYNOPSIS ...The flag breakout for the Dow diamonds remains the dominant signal, and the current pullback has reached its make-or-break point....
3M Is Starting To Stall
ARTICLE SYNOPSIS ...3M has been a top performer over the last four years, but low volume and a potential bearish reversal pattern could end that streak....
Breakout Or Fake-Out For AMAT?
ARTICLE SYNOPSIS ...Applied Materials appeared to break double-bottom resistance, but failed to hold gains. Is this a breakout or just a fake-out?...
Biotech Index Breaks Consolidation
ARTICLE SYNOPSIS ...After a fairly lengthy consolidation, the Amex Biotech Index broke resistance to signal a continuation higher. But how much higher?...
Commodities: We've Only Just Begun
JP Morgan Chase Drags Finance Lower
ARTICLE SYNOPSIS ...A recent trendline break and momentum downturn spell lower prices for JP Morgan Chase....
PLUG Powers Higher
ARTICLE SYNOPSIS ...Alternative energy should benefit from high oil prices, and it looks as if money is moving into Plug Power....
Bears Gathering At Resistance For IJR
ARTICLE SYNOPSIS ...The big trend remains bullish, but a recent gathering of bearish candlesticks near resistance may limit further upside for the short term....
CheckPoint Is Feeling The Heat
ARTICLE SYNOPSIS ...With the recent news that Microsoft will enter the market for security software, Checkpoint Software filled a gap and momentum turned negative....
Dow Diamonds Still Holding Pitchfork Support
ARTICLE SYNOPSIS ...The recent advance in the Dow diamonds may lack a certain power, but pitchfork support is still holding and higher prices are expected....
Distribution And Disfavor In Wal-Mart
ARTICLE SYNOPSIS ...Wal-Mart has been range bound the last five years, but two key indicators reflect continued selling pressure and disfavor....
Real Networks Readies For A Real Breakout
ARTICLE SYNOPSIS ...The recent gap by Real Networks is certainly positive, but one more hurdle needs to be cleared....
Broadcom Comes To Life
ARTICLE SYNOPSIS ...Broadcom held up better than the Nasdaq in January, and the recent breakout argues for higher prices in February....
Oracle Looks Exhausted
ARTICLE SYNOPSIS ...Oracle advanced more than 40% from late August to mid-December, but a filled gap and waning money flow show an exhausted stock....
Kodak Bucks Market Weakness
ARTICLE SYNOPSIS ...January has been a difficult month for the broader market, but Eastman Kodak managed to find some buyers and forge a breakout....
Working Money: Oil Service Stocks Play Catch-up by Arthur Hill
A Potentially Bullish Flag For Millennium
ARTICLE SYNOPSIS ...After a big November 2005 surge, Millennium is consolidating below resistance and a breakout would reverse the long-term downtrend....
eBay Closing In On Key Retracement
ARTICLE SYNOPSIS ...eBay is approaching a key retracement and a potentially bearish wedge is forming....
Yahoo! Holding Big Breakout
ARTICLE SYNOPSIS ...Yahoo! broke a major resistance area in November, and this breakout should be considered bullish as long as it holds....
Crude Firming At Key Support
ARTICLE SYNOPSIS ...After a three-month decline, crude oil reached key support that could make or break the long-term uptrend....
Deja Vu For The All Ords
ARTICLE SYNOPSIS ...The current setup in the All Ords looks similar to the June-July flag and breakout that preceded an 8% surge....
Big Shooting Star Spells Resistance For Newmont
ARTICLE SYNOPSIS ...A high-volume shooting star indicates a buying climax in Newmont, and this is likely to mark a peak for the next few weeks....
Sandisk: Head & Shoulders Or Just A Support Test?
ARTICLE SYNOPSIS ...Sandisk has a potentially bearish pattern working, but the stock is assumed bullish until the bear is confirmed....
The Consumer Discretionary SPDR Stalls At Key Retracement
ARTICLE SYNOPSIS ...After a big move in November, the Consumer Discretionary SPDR has stalled over the last few weeks and underperformed the S&P 500....
Channel Surfing With Micron
ARTICLE SYNOPSIS ...Micron Tech is bouncing higher within a rising price channel and looks headed for the lower boundary....
Microsoft Turns Dull After Xbox 360 Launch
ARTICLE SYNOPSIS ...Microsoft rallied in the lead up to its new Xbox 360 launch, but trading turned flat after the launch. This looks like a consolidation before a continuation higher....
Belgium iShares Challenging Resistance
ARTICLE SYNOPSIS ...The Belgium iShares formed a large bullish continuation pattern over the last nine months, and the stock is on the verge of a breakout....
Dow Utilities Consolidate At Flag Resistance
ARTICLE SYNOPSIS ...After getting pummeled in October, the Dow Jones Utilities Average formed a bearish flag and met resistance just above 400....
Wal-Mart Runs Into A Wall
ARTICLE SYNOPSIS ...Despite a great run over the last two months, Wal-Mart has merely returned to broken support, with a real test of bullish resolve looming....
Dow Chemical Under Pressure
ARTICLE SYNOPSIS ...While the market charged higher in November, Dow Chemical ran into a wall of distribution and formed a bearish reversal pattern....
Procter & Gamble's Massive Triangle
ARTICLE SYNOPSIS ...After moving from 40 to 55, Procter & Gamble met resistance and formed a large consolidation for the past year. The subsequent breakout will dictate the next move....
Autozone Fails At Resistance
ARTICLE SYNOPSIS ...After a failed breakout and successful support break, Autozone looks poised to move lower....
Micron Finding Support
ARTICLE SYNOPSIS ...Micron came down hard after the July surge, but currently it is consolidating at a logical support level and should be watched closely....
IBM Gets A Spark
ARTICLE SYNOPSIS ...After a big move in early July, IBM consolidated the last few weeks, and a recent spark may start a continuation higher....
Auto Manufacturing Index Reaches Dead End
ARTICLE SYNOPSIS ...Chart features and a key momentum indicator suggest that the current rally in the Dow Jones Auto Manufacturing Index is over....
AIG Enters Reversal Zone
ARTICLE SYNOPSIS ...A bearish candlestick pattern forms just as AIG reaches a key retracement zone....
Google Trying To Hammer Out Bottom
ARTICLE SYNOPSIS ...After a bearish candlestick reversal in July and a decline below 285, Google is trying to hammer out a bottom and a bullish reversal....
Nvdia Unable To Break Resistance
ARTICLE SYNOPSIS ...Nvdia established resistance around $29 in mid-June, and the parade of bearish candlesticks confirms selling pressure....
Nikkei And The Cup-With-Handle
ARTICLE SYNOPSIS ...The Nikkei 225 has stalled over the last 18 months, but some potentially bullish patterns could yield a breakout soon....
Barrick Makes A Big Break
ARTICLE SYNOPSIS ...Barrick Gold has been outperforming most gold stocks and recently broke to a new 52-week high on good volume....
ExxonMobil Lags Energy Sector
ARTICLE SYNOPSIS ...Despite new highs in the energy sector, ExxonMobil remains well below its March high and shows poor relative strength....
Another Flag For OEX
ARTICLE SYNOPSIS ...The Standard & Poor's 100 formed its second flag in the last three months, and this one may fail as well....
Adobe's Massive Head-and-Shoulders
ARTICLE SYNOPSIS ...While the Nasdaq moved higher over the last few months, Adobe (ADBE) has languished and formed a large bearish reversal pattern....
Bonds Breaking Down
ARTICLE SYNOPSIS ...After consolidating near a support, the iShares 20-year T-Bond Fund (TLT) looks poised to continue lower....
Rising Consolidations Haunt S&P 500 Equal Weight Index
ARTICLE SYNOPSIS ...After a significant support break in mid-April, the Rydex Equal Weight S&P 500 (RSP) countered with a rising consolidation that looks bearish....
3M Teeters On The Edge Of The Abyss
ARTICLE SYNOPSIS ...3M led the way lower in April, and further weakness would confirm a large bearish pattern that has been working since November....
Alltel Forms A Big Bad Bearish Engulfing Pattern
ARTICLE SYNOPSIS ...A negative divergence and a bearish engulfing at resistance spell reversal for Alltel....
Fiserve Has A Mind Of Its Own
ARTICLE SYNOPSIS ...While the Nasdaq wallows near its lows for the year, Fiserve (FSIV) is breaking resistance barriers on good volume....
Nasdaq Breadth Joins Oversold Chorus
ARTICLE SYNOPSIS ...Nasdaq breadth has become oversold, but a low in the index may still be a few days away....
Interest Rate Advance Suddenly Stalls
ARTICLE SYNOPSIS ...The uptrend in long-term rates remains intact, but a sudden lower high has put it in jeopardy....
OEX Is Down, But Not Out Just Yet
ARTICLE SYNOPSIS ...The S&P 100 broke key support last week, but the decline over the last two months could still turn out to be a normal correction....
Nikkei Fails A Major Resistance
ARTICLE SYNOPSIS ...The Nikkei 225 failed at neckline resistance and upside momentum continues to wane....
Gap Slows To A Crawl
ARTICLE SYNOPSIS ...Gap (GPS) has traded in a tight range the last few months, and the narrowing Bollinger Bands indicate that a move is likely sooner rather than later....
Nike Trying To Hammer Out A Bottom
ARTICLE SYNOPSIS ...Despite the lone hammer, larger bearish patterns still dominate Nike, and the hammer needs confirmation....
DJ Aluminum Index Forms Island Reversal
ARTICLE SYNOPSIS ...With help from Alcoa, the Dow Jones Aluminum Index forged an island reversal. However, it is not quite enough to negate larger bearish patterns just yet....
FedEx Drags Transports Lower
ARTICLE SYNOPSIS ...Volume is expanding as FDX declines and a bearish reversal pattern is taking shape....
Dow Point & Figure Chart Still In Bull Mode
ARTICLE SYNOPSIS ...Despite the decline over the last few weeks, the Dow Jones industrials remains in a clear uptrend on the P&F chart with support close at hand....
The Kuala Lumpur Composite Enters Big Support Zone
ARTICLE SYNOPSIS ...After a sharp decline in the last two to three months, a few chart signals have come together to suggest support for the Kuala Lumpur SE Composite....
Dow Transports Testing Key Support
ARTICLE SYNOPSIS ...The Dow transports show good relative strength and recently formed a potentially bullish pattern....
US Dollar Index Nears Moment Of Truth
ARTICLE SYNOPSIS ...The US Dollar Index has firmed over the last few months, but has yet to provide the spark needed to change the long-term downtrend....
Commodities: We've Only Just Begun
ARTICLE SYNOPSIS ...To paraphrase Edwin LeFevre, remember that commodities are never too high for you to begin buying or too low to begin selling....
Vodafone On Hold
ARTICLE SYNOPSIS ...Wireless behemoth Vodafone (VOD) has rallied sharply since late July and is closing in on an important resistance level that could make or break the current rally....
Bollinger Band Signal Brewing On The Nasdaq
ARTICLE SYNOPSIS ...The Nasdaq advance since mid-August is beginning to stall out and the index is on the verge of a Bollinger Band sell signal....
A Material World
ARTICLE SYNOPSIS ...While the Materials SPDR (XLB) is challenging its 2004 highs, the world's leading aluminum company, Alcoa (AA), is consolidating well below its 2004 high. Is this a buying opportunity for Alcoa or a selling opportunity for XLB?...
NYSE Composite Outperforms Nasdaq
ARTICLE SYNOPSIS ...The Nasdaq advance since mid-August may seem impressive on an absolute basis, but the real strength resides in the NYSE Composite....
Outlook For JDS Uniphase Still Bearish
ARTICLE SYNOPSIS ...Despite what appears to be a four to five month base for JDS Uniphase, the outlook clearly favors the bears....
It's All About Value
ARTICLE SYNOPSIS ...The advance in stocks since mid-August has certainly been impressive when looking at the point gains, but a look beneath the surface reveals a one-sided market....
Microsoft Caught In A Trap
ARTICLE SYNOPSIS ...Microsoft has been range bound for over two years and the subsequent break is likely to fuel the next move in the Nasdaq....
Schwab Looking For Volume
ARTICLE SYNOPSIS ...After a big move in August, Schwab finds itself with a nice reversal pattern in search of volume for confirmation....
Japan WEBS Coiling Tighter
ARTICLE SYNOPSIS ...After a big advance in 2003, the iShares MSCI Japan Index (EWJ) has consolidated for most of 2004 and looks ripe for a break. But which way?...
UCL Poised To Gush
ARTICLE SYNOPSIS ...Unocal (UCL) has been range bound since 2000, but the daily and weekly chart point to an upside breakout....
Rambus Ready To Rumble
ARTICLE SYNOPSIS ...Rambus shows good buying pressure and looks poised to confirm an important reversal pattern....
Autos Buckle Up For A Fall
ARTICLE SYNOPSIS ...The Auto Parts and Auto Manufacturing indexes are breaking down, and this entails an outsized move for the Auto Parts group....
Breakout For Broad Band
ARTICLE SYNOPSIS ...After a sharp reversal in August, the Broad Band HOLDRS (BDH) recovered with an equally sharp advance to lead the Nasdaq in October....
Alcoa Fails To Hold Breakout
ARTICLE SYNOPSIS ...Alcoa, which was profiled in late September with a triangle pattern, went on to break triangle resistance, but failed to hold this breakout. A reassessment is in order....
FTSE Outperforming For Now
ARTICLE SYNOPSIS ...The recent breakout in the FTSE is bullish, but the CAC 40 and DAX have failed to follow suit and could become a drag....
Deja Vu For QQQ
ARTICLE SYNOPSIS ...The pattern that's shaping up on the 60-minute QQQ chart looks just like the one in late September. The September breakout led to a new reaction high, but the current breakout is already encountering selling pressure....
Ford Teeters At Key Support
ARTICLE SYNOPSIS ...Ford is consolidating at a support level that holds both short- and long-term implications for the stock....
Momentum Divergence In SPX
ARTICLE SYNOPSIS ...The followthrough for the Standard & Poor's 500 is falling short on momentum as a bearish pattern takes shape....
Two Gold Stocks, Two Breakouts, And Two 52-Week Highs
ARTICLE SYNOPSIS ...Gold stocks have shown good strength over the last few weeks and months, but two in particular stand out from the crowd....
PPH And The Three Bears
ARTICLE SYNOPSIS ...Three bearish patterns point to further weakness in the Pharmaceutical HOLDRs (PPH)....
Unisys And The Three White Soldiers
ARTICLE SYNOPSIS ...After basing and underperforming over the last three months, Unisys (UIS) is starting to show signs of life....
Oil Service Stocks Play Catch-up
ARTICLE SYNOPSIS ...Oil stocks are outperforming the broader market....
ACS Signals Continuation Higher
ARTICLE SYNOPSIS ...After a long bullish consolidation, Affiliated Computer (ACS) broke above resistance to signal a resumption of its long-term uptrend....
UTX Consolidates Near Resistance
ARTICLE SYNOPSIS ...The trend for United Technologies (UTX) is up, and the recent pause should be considered a rest within this ongoing uptrend....
Apex Silver Lagging
ARTICLE SYNOPSIS ...Despite strength in the precious metals group, Apex Silver (SIL) is lagging badly and the chart pattern points to further weakness....
Comcast Firms With Bullish Reversal Pattern
ARTICLE SYNOPSIS ...After a normal correction, Comcast shows signs of firming with a bullish reversal pattern taking shape....
Cyclicals Lead Market Higher
ARTICLE SYNOPSIS ...The Amex Cyclicals Index recently broke to a new 52-week high, and this bodes well for the overall market....
Another Airline Double Bottom
ARTICLE SYNOPSIS ...For the second time this year the Dow Jones Airline Index (DJUSAR) confirmed a double bottom. The first one failed and the second one remains above the trees for now....
Bonds And Bills Differ
ARTICLE SYNOPSIS ...The 13-week Treasury-bill yield has taken note of recent rate increases, but the 10-year T-note yield is only just starting to conform....
Accumulation In Du Pont
ARTICLE SYNOPSIS ...Du Pont (DD), a leading chemical company, shows signs of accumulation and recently broke an important trendline....
Amgen Testing Key Support
ARTICLE SYNOPSIS ...Amgen failed to break above an important trendline in September, but the recent support test looks successful and this could foreshadow a breakout....
A Tale Of Two Flags
ARTICLE SYNOPSIS ...A large falling flag on the weekly chart and flat flag on the daily chart point to further upside for the Information Technology SPDR (XLK)....
Xilinx: Cup Is Half Full For Now
ARTICLE SYNOPSIS ...Despite a little hesitation, the recent breakout in Xilinx (XLNX) remains bullish and further strength should be expected as long as......
Dow Composite Leading The Way
ARTICLE SYNOPSIS ...While the Dow Jones Industrial Average (DJIA) shows signs of breaking down, its broader cousin, the Dow Jones Composite Average (DJC), remains strong....
Working Money: Corrective Rising Wedges by Arthur Hill
Airlines Starting To Lead
ARTICLE SYNOPSIS ...The DJ Airline Index successfully tested support in May and has started to outperform the broader market....
Deja vu All Over Again For OEX
ARTICLE SYNOPSIS ...Since the big uptrend began in March 2003, OEX has formed its second consolidation and this one looks a lot like the first....
Euro Index Enters Reversal Zone
ARTICLE SYNOPSIS ...Despite a decline over the last few months, the Euro Index ($XEU) remains in a long-term uptrend and is trading in a potential reversal zone....
Dow Forms Potential ABC Correction
ARTICLE SYNOPSIS ...Technically, the medium-term trend is down for the Dow, but a potential ABC pattern could make this a big correction within a larger uptrend....
Midcap iShare MDY Consolidates After Support Break
ARTICLE SYNOPSIS ...The S&P 400 Midcap iShare (MDY) recently confirmed a double top and has now formed a volatile consolidation just below broken support....
Euro Index Enters Reversal Zone
ARTICLE SYNOPSIS ...Despite a decline over the last few months, the Euro Index ($XEU) remains in a long-term uptrend and is trading in a potential reversal zone....
German DAX Index Forms Double Top Near Key Retracement
ARTICLE SYNOPSIS ...After almost doubling since Mar-03, the German DAX Index ran into a wall of resistance and formed a potential bearish reversal pattern....
Wireless Index Still Holding Important Trendlines
ARTICLE SYNOPSIS ...The Dow Jones Wireless Communications Index (DJUSWC) remains in both a long-term and medium-term uptrend with important trendlines still holding....
Two Bearish Patterns for Software HOLDRS
ARTICLE SYNOPSIS ...Two bearish patterns are taking shape in the Software HOLDRS (SWH) and these point to much lower prices over the next few months....
Shanghai Composite Remains Range Bound
ARTICLE SYNOPSIS ...The Shanghai Composite suffered a serious setback over the last few months, but the index has reached an important retracement level within a larger trading range....
Dow Utilities Form Massive Wedge
ARTICLE SYNOPSIS ...With the prospects of higher interest rates down the road, it is little surprise that the Dow Utilities are forming a potentially bearish pattern with waning upside momentum....
Nasdaq Forms Large Distribution
ARTICLE SYNOPSIS ...After a strong finish in March, the Nasdaq Composite fell apart in April and a large reversal pattern is taking shape....
All Ords Looking Toppy
ARTICLE SYNOPSIS ...The Australian All Ords Index ($AORD) has been one of the top performers over the last 12 months, but the index just met a major resistance level with slowing momentum....
Applied Materials Follows Intel Down
ARTICLE SYNOPSIS ...The recent support break in Applied Materials (AMAT) confirms a bearish reversal as well as widespread weakness within the group....
It's The Chart Stupid
ARTICLE SYNOPSIS ...The media attributed the decline in U.S. stocks during the month of March to "security" issues. However, a look at Turkey and Pakistan suggests that the terrorist threat has little to do with stock prices....
Selling Climax For Lockheed Martin
ARTICLE SYNOPSIS ...Extensive selling pressure in Lockheed Martin (LMT) over the last few weeks smacks of capitulation, but the long-term trend is clearly down with a head and shoulders pattern looming....
Nasdaq TRIN Not Oversold Yet
ARTICLE SYNOPSIS ...Oversold readings in the Nasdaq TRIN have preceded a number of rallies over the last twelve months. Despite the current decline, the Nasdaq TRIN has yet to become oversold and this suggests more room for downside....
FTSE 100 Nears Double Fibo Zone
ARTICLE SYNOPSIS ...FTSE 100 works its way high towards key retracements and remains in uptrend....
Barrick Gold Stalls At Key Retracement
ARTICLE SYNOPSIS ...Barrick Gold (ABX) suffered a sharp decline in January and the current advance looks like a corrective rally....
No Fun In Toyland
ARTICLE SYNOPSIS ...Both Mattel (MAT) and the Dow Jones Toy Index broke important support levels to signal a continuation lower....
OTC Cousin Leads Nikkei 225
ARTICLE SYNOPSIS ...The Nikkei 225 was profiled on February 18, with a potential head and shoulders brewing. Now that the index broke above neckline resistance, it is time to consider what it would take to prove the breakout "otherwise."...
Air Freight And Dow Transports
ARTICLE SYNOPSIS ...Dominated by FedEx (FDX), the Dow Jones Air Freight Index could hold the key to the Dow Transports over the next few weeks....
Bud Bubbles Over
ARTICLE SYNOPSIS ...Anheuser Busch (BUD) is one of the leading stocks in the Consumer Staples sector and the recent breakout speaks volumes on the state of the overall market....
Misleading Divergences In The S&P SmallCap Index
ARTICLE SYNOPSIS ...When the trend is strong and up, bearish divergences in MACD and other momentum oscillators are often misleading....
Intel Turns Bearish
ARTICLE SYNOPSIS ...In an ominous sign for the semi-conductor group and Nasdaq, Intel (INTC) broke double top support and the trend has turned bearish....
Johnson & Johnson Makes A Major Break
ARTICLE SYNOPSIS ...After a multi-month base, Johnson & Johnson (JNJ) broke resistance and this broken resistance level provided the first key support test....
TRAN Spotting
ARTICLE SYNOPSIS ...The Dow Transports have underperformed the broader market over the last few weeks and the pattern over the last few months looks like a massive distribution....
Transports Break Massive Wedge
ARTICLE SYNOPSIS ...The Dow Jones Transportation Average (TRAN) is leading the market higher and challenging its 2001 highs....
Banks Poised To Resume The Uptrend
ARTICLE SYNOPSIS ...Here is the banking index with a wave 5 projection....
Nikkei Returns To Broken Trendline
ARTICLE SYNOPSIS ...Here is the Nikkei with trendline break and triple resistance threat....
Double Top For QualComm?
ARTICLE SYNOPSIS ...After a spectacle run, Qualcomm (QCOM) recently ran into resistance at 70 twice this year, with the indicator flashing a yellow light....
Retails Runs Into Resistance
ARTICLE SYNOPSIS ...The Retails HOLDRS (RTH) has been caught in an extended trading range, and its resolution could have broad implications for the overall market....
Bearish Candles Emerge In Hasbro
ARTICLE SYNOPSIS ...After a sharp drop, Hasbro (HAS) recovered to broken support, but recent candlestick patterns point to more downside....
AIG Forms Potential Head And Shoulders
ARTICLE SYNOPSIS ...Despite weakness in the finance sector over the last few months, AIG has held up relatively well. That may be about to change as a potential bearish reversal pattern evolves....
Nasdaq 100 Breaks Triangle Trendline
ARTICLE SYNOPSIS ...On the 30-minute point & figure chart, the Nasdaq 100 (NDX) formed a triangle over the last few months and has broken above trendline resistance....
Waves And Wedges For Cisco
ARTICLE SYNOPSIS ...Nasdaq titan Cisco Systems sports a falling wedge that could mark Wave 4....
Transports Strong Relative To Oil Service
ARTICLE SYNOPSIS ...Despite the recent rise in oil prices over the last few months, the Dow Transports are surprisingly strong and the Oil Service HOLDRS are surprisingly weak....
Shanghai Composite Enters Support Zone
ARTICLE SYNOPSIS ...The Shanghai Composite has been a roller coaster over the last two years and is now approaching a major support zone....
DR Horton and the Head-and-Shoulders
ARTICLE SYNOPSIS ...DR Horton (DHI) is part of a homebuilding group that has outperformed the market over the last four years. With a head-and-shoulders reversal brewing, things could be about to change....
DELL Continues to Hold Strong
ARTICLE SYNOPSIS ...Despite weakness in the Nasdaq, Dell Inc. (DELL) remains within striking distance of its October high and shows good relative strength....
Biotech HOLDRS Break Neckline Support
ARTICLE SYNOPSIS ...A top has been brewing in the Biotech HOLDRS (BBH) for months and the stock finally broke neckline support. Now what?...
Talbots Leaves Them Stranded
ARTICLE SYNOPSIS ...Talbots (TLB) formed two opposing gaps in as many months and this has created an "island of losses" as well as a large bearish reversal....
Airlines Get Grounded
ARTICLE SYNOPSIS ...My previous articles on the Dow Jones Airline Index were bullish, but a recent failure and steep decline suggest something is amiss and a reassessment is in order....
Volume Indicators Differ for Newmont
ARTICLE SYNOPSIS ...Here is Newmont Mining (NEM) with two volume indicators singing from different song books....
Deja vu for Dow Chemical
ARTICLE SYNOPSIS ...Dow Chemical (DOW) recently formed two virtually identical patterns over the last four months and looks headed lower....
Small Cap Index Forms Broadening Formation
ARTICLE SYNOPSIS ...Although relatively rare, the S&P SmallCap Index (SML) formed its second broadening formation in the last four years....
Lilly Runs Into Resistance Zone
ARTICLE SYNOPSIS ...Eli Lilly (LLY) has steadily advanced over the last two years, but the past could soon haunt the stock as support from a prior pattern turns into resistance....
Airlines Extend Their Lead
ARTICLE SYNOPSIS ...The Dow Jones Airline Index was profiled in late May ("Airlines Starting To Lead," Traders.com Advantage, May 28, 2004), showing good relative strength and a potential double bottom evolving. That double bottom has been confirmed and relative strength remains strong....
Amgen Enters Potential Reversal Zone
ARTICLE SYNOPSIS ...A price channel, retracement and Elliott count all point to a potential reversal zone for Amgen (AMGN)....
Reckless Bonds
ARTICLE SYNOPSIS ...The iShares 20-Year Treasury Fund (TLT) has turned violent over the last few months as bulls and bears slug it out for control. The medium-term trend is up, but the this appears to be a corrective move within a larger downtrend....
Ciena Signals A Continuation Higher
ARTICLE SYNOPSIS ...While the Nasdaqs are trading well above their January 2003 highs, Ciena (CIEN) has struggled most of 2003 and only recently moved above its January 2003 reaction high. The stock forged a 52-week high this month and the recent breakout projects higher prices over the next few weeks and months....
Novellus Underperforms Nasdaq
ARTICLE SYNOPSIS ...Novellus (NVLS), an integral part of the semiconductor group, has doubled since its Oct-02 lows, but has actually underperformed the Nasdaq since Nov-02. A little underperformance is negligible, however, this underperformance is becoming chronic and could come back to haunt the stock....
Nikkei Still Lagging
ARTICLE SYNOPSIS ...Despite a big move last year, the Nikkei 225 remains in a long-term downtrend and is still underperforming the S&P 500. These indexes are quite similar as the Nikkei 225 represents large-caps in Japan while the S&P 500 represents large-caps in the U.S....
Wal-Mart Forms Massive Consolidation
ARTICLE SYNOPSIS ...After a big advance in the late 90s, Wal-Mart (WMT) formed a huge consolidation over the last four years. The direction of the break is likely to have long-term implications for the Dow and the rest of the market....
Dow Reaches Major Resistance
ARTICLE SYNOPSIS ...There are resistance zones and then there are big resistance zones. After a 3288 point advance in less than a year (7417 to 10705), the Dow has reached a big resistance zone and further upside is going to be a challenge to say the least....
Genuine Parts Breaks Out On Good Volume
ARTICLE SYNOPSIS ...After a long consolidation, Genuine Parts (GPC) broke resistance to confirm a bullish continuation pattern....
Telecom HOLDRs Take A Breather
ARTICLE SYNOPSIS ...After being one of the worst performers over the last few years, the Telecom HOLDRs (TTH) sprang to life from late November to early January. The stock is now consolidating with a bullish continuation pattern evolving....
Retail HOLDERs Heading for Neckline Test
ARTICLE SYNOPSIS ...The Retail HOLDRs (RTH) kept pace with the broader market from March to October, but the stock has faltered over the last three months. Volume is increasing on the downside and a potential head and shoulders pattern hints at further weakness....
Best Buy Leading Retail Lower
ARTICLE SYNOPSIS ...Best Buy (BBY), an important retailer and cyclical stock, led the market higher in 2003, but the early signals in 2004 point to weakness that could extend into the industry and sector....
Bearish Failure Swing For The Dow
ARTICLE SYNOPSIS ...The Dow suffered its largest two-day decline since 26-Sept and a key momentum oscillator flashed a sell signal. Even though the near-term outlook is cloudy, any decline from current levels would still be deemed a correction within a larger uptrend....
S&P 500: Overbought, Maybe. Bearish, No
ARTICLE SYNOPSIS ...The Standard & Poor's 500 is poised to rise even farther....
Lexmark Shows Distribution Amid Weak Relative Strength
ARTICLE SYNOPSIS ...Despite a rally from late October to early December, Lexmark failed to break resistance, and key indicators point to weakness ahead....
A Parade Of Bearish Candlesticks Confirm Resistance For Qualcomm
ARTICLE SYNOPSIS ...Qualcomm is pushing against resistance for the fourth time in three months, with bearish candlesticks forming on each test....
A Breakout For The Dow Diamonds
ARTICLE SYNOPSIS ...After a consolidation above broken resistance, the Dow diamonds broke out on good volume and appear to be headed higher....
Texas Instruments Stalls Below Resistance
ARTICLE SYNOPSIS ...Texas Instruments has led a resurgent semiconductor group in September to October, but has run into stiff resistance since early November....
Buying Pressure Wanes On Qlogic Advance
ARTICLE SYNOPSIS ...After a marvelous run since mid-August, Qlogic shows signs of fatigue and a bearish pattern is emerging....
Oversold Signals In Energy
ARTICLE SYNOPSIS ...Using the energy SPDR as an example, the stochastic oscillator can be used to identify oversold situations and opportunities to partake in the larger uptrend....
Noose Tightens On Nikkei
ARTICLE SYNOPSIS ...The Nikkei Composite has been consolidating over the last 10 months, and the next break should produce a significant move....
Dow Composite Is Pullback Target
ARTICLE SYNOPSIS ...The breakout in the Dow Composite remains valid and a pullback to broken resistance would be normal....
Descent Slowing In GS Agriculture Index
ARTICLE SYNOPSIS ...While most commodity groups remain in major uptrends, the GS Agriculture Index recorded a two-year low last month. However, the decline is slowing and support is at hand....
Yen-Denominated Gold Breakout
ARTICLE SYNOPSIS ...Gold priced in US dollars has been and remains in a strong bull market. However, gold priced in Japanese yen only recently has broken resistance to continue its bull run....
Corrective Rising Wedges
ARTICLE SYNOPSIS ...Here's pattern analysis at work....
Apple Breaks Higher
ARTICLE SYNOPSIS ...Apple Computer (AAPL) has been leading the market in 2004 and just signaled another continuation higher....
Two Opposing Patterns For F5 Networks
ARTICLE SYNOPSIS ...F5 Networks (FFIV) sports two contradictory patterns with a two-month trading range holding the key....
Lexmark Turning Back At The Gap
ARTICLE SYNOPSIS ...Lexmark (LXK) broke support with a big gap and both are now returning to haunt the stock on its recovering....
UPS Forms Bearish Failure Swing
ARTICLE SYNOPSIS ...UPS has been one of the top market performers, but waning volume and momentum could foreshadow a reversal....
Small Caps Testing Important Support
ARTICLE SYNOPSIS ...Small cap stocks, which led the market higher in 2003, are testing an important support level that could hold the key to the overall market....
UnumProvident Breaks Triple Top
ARTICLE SYNOPSIS ...A recent recovery and PnF breakout point to higher prices down the road for UnumProvident....
Pulte Plays with Double Top
ARTICLE SYNOPSIS ...The homebuilders have been leading the market for some time, but signs of distribution are starting to surface in one of the leaders....
Oil Services Not Impressed With Oil
ARTICLE SYNOPSIS ...While oil exceeded its March high with ease, the Oil Service HOLDRS (OIH) is having a little more trouble and meeting resistance from its March high....
Bearish Candlesticks Point To Reversal In JB Hunt
ARTICLE SYNOPSIS ...Even though the broader indexes have been weak in 2004, truckers just kept on trucking. However, recent bearish candlesticks point to resistance and a reversal for JB Hunt (JBHT)....
IBM Forms Yet Another Rising Flag
ARTICLE SYNOPSIS ...IBM remains in a downtrend punctuated by rising flags and the stock looks ripe for yet another continuation lower....
Bel-20 Bucks The Trend
ARTICLE SYNOPSIS ...Despite weakness in French and German stocks, the Belgian stocks are finding a bid as the Bel-20 breaks symmetrical triangle resistance....
Semi's Drag Nasdaq Lower
ARTICLE SYNOPSIS ...The Nasdaq broke above 2040 with a surge on high volume, but lack of help from the semiconductor group is weighing....
RIG Returns To Resistance Break
ARTICLE SYNOPSIS ...Transocean (RIG), a world leader in offshore drilling, broke major resistance in January and the current pullback looks like a classic throwback....
Coca-Cola Breaks Falling Wedge Trendline
ARTICLE SYNOPSIS ...Coca-Cola (KO) sports a long-long term falling wedge breakout confirmed by MACD....
Apex Still In Long-Term Uptrend
ARTICLE SYNOPSIS ...Apex Silver (SIL) suffered a big setback in mid-April, but the long-term picture is still bullish....
State Street Forms Large Head And Shoulders Reversal
ARTICLE SYNOPSIS ...With the prospects of higher interest rates on the horizon, key banking stocks like State Street (STT) could come under selling pressure....
Alcoa Drags Materials Lower
ARTICLE SYNOPSIS ...Even though Dow and Dupont are the two biggest components of the Materials SPDR (XLB), recent weakness in Alcoa (AA) is pulling the sector lower....
Neckline Test For Morgan Stanley
ARTICLE SYNOPSIS ...After a nice advance since March 2003, Morgan Stanley (MWD) is approaching a key retracement and appears to be at a critical juncture....
Competing Patterns In The S&P Small Cap Index
ARTICLE SYNOPSIS ...The S&P Small Cap Index ($SML) remains in a clear uptrend, but a reversal pattern could be taking shape....
Two Wedges For Two Titans
ARTICLE SYNOPSIS ...The current trend is bullish for both IBM and GE, but current patterns and retracements merit a close watch....
Airlines Ready To Fly
ARTICLE SYNOPSIS ...Despite an overshoot on the way down, the DJ Airline Index (DJUSAR) recovered just in time for a fairly normal retracement and price channel breakout....
Choice Point Breaks Resistance
ARTICLE SYNOPSIS ...Good relative strength and a recent breakout point to higher prices for Choice Point Software (CPS) over the next few weeks....
Sandisk On The Verge Of A Breakout
ARTICLE SYNOPSIS ...Sandisk (SNDK) held support in February and looks poised to break resistance, but low volume still haunts the stock....
Stocks And Bonds Start To Decouple
ARTICLE SYNOPSIS ...Stocks and bonds have been moving in unison since late summer, but signs of strain are starting to appear in this "positive" relationship....
Software HOLDRS Forge Outside Reversal Week
ARTICLE SYNOPSIS ...Despite a lower high and trendline break, the Software HOLDRS (SWH) found support with a weekly reversal to stave off a major trend change....
Schlumberger Fails At 50
ARTICLE SYNOPSIS ...Schlumberger (SLB) was profiled about a month ago on Traders.com Advantage. At the time SLB broke falling price channel resistance (green arrow) and appeared headed for a breakout at 50. Well, the breakout came and quickly went as the stock failed to hold above this important resistance level. The failure to hold is clearly negative, but not bearish just yet....
Lehman Brothers Holding: Nearing Retracement and Getting Overbought
ARTICLE SYNOPSIS ...With a decline from 76 to 60, Lehman Brothers Holding (LEH) had a bad summer, but appears to be making up lost ground with an autumn advance. However, this advance looks like a rising wedge and its RSI has reached 70....
GPS: Mind The Gap And The Flag
ARTICLE SYNOPSIS ...With a gap down and rising flag formation, the chart for Gap Inc. (GPS) is showing signs of weakness....
Yahoo: A Double Top In The Making
ARTICLE SYNOPSIS ...Even though it is far from confirmed, the early signs suggest a double top for Yahoo. Yahoo (YHOO) and a host of internet stocks have been star performers over the last 9-12 months....
QQQ Approaches Key Retracement
ARTICLE SYNOPSIS ...Both the weekly chart and overall trend for QQQ are clearly bullish, but the retracement, pattern, and resistance-turned-support could spell trouble in the weeks and months ahead....
SBC Works On A Bullish Reversal
ARTICLE SYNOPSIS ...SBC traced out a falling wedge and has yet to reverse the current decline, but signs of a reversal are starting to appear....
Pulte Advance to Make or Break Level
ARTICLE SYNOPSIS ...The long-term trend for Pulte (PHM) is clearly bullish, but the daily chart shows a potentially bearish setup....
Dow Utilities Consolidation At Key Retracement
ARTICLE SYNOPSIS ...The Dow Utilities have performed well over the past year, but the average is meeting resistance near a key retracement point with a potentially bearish pattern emerging....
Amazon Leaves Them Stranded
ARTICLE SYNOPSIS ...Amazon (AMZN) remains in a long-term uptrend, but remains overbought and a recent island reversal could mark the beginning of a significant trend change....
Gap Inc. Tracing Out Reversal Head And Shoulders Pattern
ARTICLE SYNOPSIS ...Gap Inc. (GPS) was featured on September 25 with a rising flag (magenta trendlines). The stock broke rising flag support to signal a continuation lower, but suddenly found support at 17 and then advanced to around 20. The flag failed to produce the expected decline, but a head and shoulders pattern is shaping up that could result in further weakness....
Tibco Breaks Neckline Resistance
ARTICLE SYNOPSIS ...Tibco Software (TIBX) signaled a continuation higher with a neckline breakout confirmed by volume and relative strength....
JNJ Trying To Strike A Double Bottom
ARTICLE SYNOPSIS ...JNJ's recent gap on high volume solidifies support and opens the door to a resistance test and possible double bottom breakout....
Home Depot: Two Potentially Bullish Patterns
ARTICLE SYNOPSIS ...After a big advance in the first half of the year, Home Depot (HD) consolidated the last three to four months with two bullish patterns at work....
Novellus Declines To Key Support
ARTICLE SYNOPSIS ...The current trend for NVLS is up, but the stock reached an important long-term retracement with a potentially bearish pattern taking shape....
PF Chang's Confirms Double Top
ARTICLE SYNOPSIS ...The long-term trend remains up for P.F. Chang's (PFCB) as the stock is trading comfortably above the September 1st trendline. However, a recent double top support break projects at test of this important support line and volume patterns are bearish....
Oil Services HOLDRs Projected Lower
ARTICLE SYNOPSIS ...Recent trendline breaks on the daily and weekly charts point to lower prices for the Oil Service HOLDRS....
JDSU: Close, But No Cigar Just Yet
ARTICLE SYNOPSIS ...Here is JDSU showing subtle signs of accumulation, but wait for a breakout before popping the champagne....
Dow Theory Revisited
ARTICLE SYNOPSIS ...The Dow Industrials closed above its prior high (8522) earlier this month to finally confirm the Dow Transports. However, another new high by the Dow Transports leaves more questions unanswered and, more importantly, a larger non-confirmation lingering....
Beware of Microsoft
ARTICLE SYNOPSIS ...Goliath looking weak next to David....
Double Bottoms and Big Caveats
ARTICLE SYNOPSIS ...Here is the Telecoms HOLDRS with a big double bottom and a big caveat....
Checkpoint Completes Reversal
ARTICLE SYNOPSIS ...After a large symmetrical triangle consolidation, Checkpoint Software broke resistance on expanding volume to usher in a significant trend change....
Gap Inc. Forms an Inverse Head and Shoulders
ARTICLE SYNOPSIS ...Here is GPS with the mother of all inverse H&S patterns (well, maybe)....
Best Buy Making a Break For It
ARTICLE SYNOPSIS ...Best Buy is tracing out an ascending triangle on the daily chart, but the weekly chart suggests that this could just be a reaction rally within a larger downtrend....
Qualcomm Signals a Continuation Higher
ARTICLE SYNOPSIS ...Qualcomm (QCOM) may be poised for a bullish move. The stock's chart suggests that a run towards the December 2002 high is likely....
PAL Takes Some Well-Deserved R&R
ARTICLE SYNOPSIS ...After a big trendline break with big volume North American Palladium (PAL) consolidates its gains below key resistance....
Head and Shoulders Double Take
ARTICLE SYNOPSIS ...Sell YELL....
MMM Forms Bearish Flag
ARTICLE SYNOPSIS ...MMM confirms key support at 120 with another bounce and rising flag on low volume....
Large Caps Laggeth
ARTICLE SYNOPSIS ...Troops charge ahead, but the generals stay behind as OEX lags the broader indices....
Trouble at 30 Again For Newmont Mining
ARTICLE SYNOPSIS ...Despite having trouble again at 30, Newmont (NEM) remains in a long-term uptrend and a continuation higher is expected....
Thrust Oscillator Waning
ARTICLE SYNOPSIS ...While the Nasdaq Composite plows higher, the Thrust Oscillator (TO) formed a bearish divergence and continues to weaken....
Small Caps Still Bullish
ARTICLE SYNOPSIS ...Despite a bearish divergence in MACD, the S&P SmallCap Index remains in a strong uptrend that has yet to be proven otherwise. What would it take to prove otherwise?...
Regional Banks Double Top
ARTICLE SYNOPSIS ...The Regional Bank HOLDRS (RKH) have performed exceptionally well over the last few months, but a potential double top with waning momentum and poor breadth could stymie further upside....
Symantec Having Trouble At 50
ARTICLE SYNOPSIS ...Symantec has been battling with resistance in the upper 40s the entire year. With a head and shoulders taking shape over the last three months, the bear may be about to win the war....
Alltel Struggles on the Upside
ARTICLE SYNOPSIS ...The rising wedge for AT reflects a feeble recovery that looks destine to fail....
Nike Loses a Shoe
ARTICLE SYNOPSIS ...Nike failed to recover from the 27-Jun gap down and the evidence points to further weakness....
SPX: Triple Bottom Breakout or Belated Retracement
ARTICLE SYNOPSIS ...Even though the recent resistance break at 965 is technically bullish, SPX is starting to get overbought and stalling around 1000....
10 Year T-Note Yield Approaches Key Resistance
ARTICLE SYNOPSIS ...The recent rally in interest rates (decline in bonds) looks explosive, but the long-term downtrend remains intact as resistance nears....
Lexmark Starts Losing the Plot
ARTICLE SYNOPSIS ...Lexmark (LXK) has been a stellar performer over the last few months, but a series of bearish divergences in a number of indicators suggests that a top is near....
Key Outside Reversal Rattles Bonds
ARTICLE SYNOPSIS ...The long-term trend for the iShares 7-10 Year Treasury Bond Fund (IEF) remains up, but a key outside reversal week suggests further downside before a resumption higher is possible....
Schlumberger Stalls At 50
ARTICLE SYNOPSIS ...Schlumberger broke double bottom resistance at 47 way back in May, 2003, but cannot seem to shake this level for good....
Microsoft Makes Two Big Breaks
ARTICLE SYNOPSIS ...A symmetrical triangle breakout on the weekly chart and falling wedge breakout on the daily chart point to higher prices for Microsoft....
Comcast Underperforming And Under Distributed
ARTICLE SYNOPSIS ...Since achieving its double bottom target in June, CMCSA has started to weaken and OBV shows distribution....
Industrials Fail to Confirm Transports
ARTICLE SYNOPSIS ...Dow Theory was last discussed in late May. At the time, the Dow Transports moved to new reaction highs, but the Dow Industrials had yet to confirm. Since then, the Dow broke above its January highs (blue arrow) and moved to a new reaction high at 9323. In Dow Theory terms, this new high in the Dow Industrials (green arrows) confirmed the Dow Transports and is bullish until proven otherwise....
Nikkei Forms Large Flag
ARTICLE SYNOPSIS ...Is this bull for real? Over the last few months, the Nikkei 225 advanced from 7604 to 10070 for a mammoth 2470 point gain. That's over 30% in 50 days....
Citigroup Weighs On S&P 500
ARTICLE SYNOPSIS ...The chart for Citigroup (C) is developing a short-term reversal pattern....
German DAX Forms Rising Wedge
ARTICLE SYNOPSIS ...Here is an ABC rising wedge for the German DAX....
Dow Theory and 8522
ARTICLE SYNOPSIS ...Here is an article applying Dow Theory to current price action....
Dollars and Diamonds
ARTICLE SYNOPSIS ...After a sharp decline over the last 15 months, the US Dollar Index has started to stabilize around 99-100. However, the long-term trend is down and a recent support break suggests a resumption of this downtrend is underway....
Rank-and-File Lead the Advance
ARTICLE SYNOPSIS ...The NYSE AD line (advance-decline line) recently moved above its January high and reflects strong performance among the rank-and-file....
Alcoa Testing Major Trendline
ARTICLE SYNOPSIS ...A double bottom formation on the weekly chart for Alcoa Aluminum provides some hope. However, a large double top on the monthly chart doesn't share the same optimism....
Valero Breaks Rising Wedge Trendline
ARTICLE SYNOPSIS ...The stock price for Valero has broken below support on both the weekly and daily charts....
VISX Inc. Breaks Eight Month Consolidation
ARTICLE SYNOPSIS ...With the advance off the March lows, the major indexes have retraced 50-62% of their Jan-Mar declines. During this same timeframe, VISX Inc. (EYE) outperformed the major indexes by exceeding similar retracement levels and breaking above key resistance at 10.67....
Russell 2000 Forms Flag Near Resistance
ARTICLE SYNOPSIS ...After a sharp advance from 343 to 376 (9.6% in two weeks), the Russell 2000 Index has become overextended and ripe for a pullback or consolidation....
Double-Bottom Confirmation Strategy by Arthur Hill
ARTICLE SYNOPSIS ...How To Get Into The Trade Double-Bottom Confirmation Strategy Here's a strategy using a tried-and-true pattern to achieve faster entry signals and improve the reward-to-risk ratio. by Arthur Hill The double bottom that emerged in the Dow Jones Industrial Average (DJIA) and many other securities in October 1998 is a memorable formation, a powerful reversal. With the power behind it in mind, I developed an entry strategy based on the double bottom, or the second test of a key support level. I call it the double-bottom confirmation strategy. DOUBLE BOTTOMS Double bottoms are considered to be ...
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