Technical Analysis of STOCKS & COMMODITIES
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Article Archive For Gary Grosschadl
DownloadGold's Super Bull Move
ARTICLE SYNOPSIS ...With the gold price at the doorstep of $1,000 per ounce, it makes me want to look back and see if that possibility was reflected on earlier charts....
Dell On Sale, 50% Off
ARTICLE SYNOPSIS ...We love buying big-ticket items on sale, but stocks offered at a big discount are sometimes viewed as not worth it. Will the stock be discounted even more?...
Is The Airline Index Ready For Takeoff?
ARTICLE SYNOPSIS ...The airline index plunged 50% in the past year. Now there are signs of a bottom....
A Pattern Completion For The Weekly Dow Chart
ARTICLE SYNOPSIS ...When the DJIA plunged 2,000 points in four weeks, it fulfilled a topping pattern....
Dow's Dangerous Doji
ARTICLE SYNOPSIS ...The Dow Jones Industrial Average is not reflecting a happy new year. Here's why....
New High Territory For Ultra Petroleum Corp.
ARTICLE SYNOPSIS ...One of the hottest oil stocks around, this one ran from $5 in 2003 to $70 in only three years. Now it's attempting to go higher....
Millennium Pharmaceuticals Bouncing Off Strong Support
ARTICLE SYNOPSIS ...After a big rise, stocks will often languish sideways or correct down before making another bull move....
The Boeing Bounce
ARTICLE SYNOPSIS ...This former high-flier comes down 30 points for a buying opportunity....
Ballard Power Systems Struggles With Bottom
ARTICLE SYNOPSIS ...Over the last four months this alternative energy play has tested a bottom three times. Is this third time charmed?...
Are Boeing's High-Flying Days Topped Out?
ARTICLE SYNOPSIS ...Boeing Co. has given investors a nice double in stock price in two and a half years, but now a serious challenge comes into view....
The TSX Energy Index Still Gushing Higher
ARTICLE SYNOPSIS ...The year 2007 will be remembered by Canadian traders for two main events. First, this year the TSX rose above the DJIA for the first time (currently at 14,332 vs. Dow 13,888). In addition, the loonie started trading higher than the US dollar, which is really a function of the weak US currency....
Staples Inc. Tests A Double Top
ARTICLE SYNOPSIS ...Staples is at a crucial point here, with pattern analysis suggesting a tradable move....
Serious About Sirius
ARTICLE SYNOPSIS ...Is a two-year bottom in for this volatile stock, the original 100% commercial-free music satellite radio service?...
Low-Risk Entry For Sandisk Corp.?
ARTICLE SYNOPSIS ...The world's largest supplier of flash memory data storage products looks like a low-risk buy....
Biogen's Gift Horse Gap Closes
ARTICLE SYNOPSIS ...Here's an example of a gapping play, with the danger and the opportunity....
Tough Days Ahead For The NASDAQ
ARTICLE SYNOPSIS ...Stiff overhead resistance for the high-tech composite index looks likely....
Suntrust Banks Caught In A Bearish Pattern
ARTICLE SYNOPSIS ...Atlanta-based Suntrust Banks (with assets of $180 billion), one of the nation's largest and strongest financial holding companies, is testing support....
$100 Oil?
ARTICLE SYNOPSIS ...This chart of light crude oil suggests "close but no cigar" for $100 per barrel of oil price....
US Paper Index Beats Rock And Scissors
ARTICLE SYNOPSIS ...This Dow Jones index is in a breakout pattern. So what is the upside target?...
Tuning In To XM Satellite Radio
ARTICLE SYNOPSIS ...Has a bottom finally shown up to produce a tradable bounce?...
Candlestick Warning For The NASDAQ Composite
ARTICLE SYNOPSIS ...The high-tech index looks vulnerable here. A downturn would not be a surprise, but what are the targets?...
VeriSign Hints At A Breakout
ARTICLE SYNOPSIS ...VeriSign Inc., which is the encryption and authentication leader on the Internet (which most people recognize as the small padlock icon in their web browser when shopping online), has edged past a breakout point....
Ballard Power Systems Back In A Trading Range
ARTICLE SYNOPSIS ...Is Ballard Power up for another break past its trading range?...
Classic Trading Signals On The NASDAQ Composite
ARTICLE SYNOPSIS ...Here are some very clear trading signals, including two reversal patterns....
Tokyo Nikkei Warning
ARTICLE SYNOPSIS ...Yesterday's Shanghai Composite Index meltdown caused major short-term dives on many major indexes around the world....
The DJIA's Double Top Test
ARTICLE SYNOPSIS ...The Dow Jones Industrial Average is currently trying to find support from its 50-day moving average. This coincides with a possible double-top formation....
Three Strikes For The NASDAQ?
ARTICLE SYNOPSIS ...When a stock or index is overextended, it can suddenly correct at the first candlestick warning or defy gravity a while longer....
Microsoft Double Top?
ARTICLE SYNOPSIS ...Microsoft has hit a previous resistance level just above $31. A confluence of candlesticks, symmetry, and indicators suggests a possible early warning of potential double top on this 17-month weekly chart....
The NASDAQ Composite's Monthly Chart
ARTICLE SYNOPSIS ...It's been a hard week for the indexes. The NASDAQ, for one, lost 4.66% for the week, or 125 points. What does the monthly chart reveal?...
Sierra Wireless Heading Lower
ARTICLE SYNOPSIS ...Several candlestick warnings hint at the coming downside....
Telus Corp. Bouncing Off Support
ARTICLE SYNOPSIS ...Canada's second-largest telecommunications company rose past the $50 mark several months ago and now may be ready to challenge its $65 high....
3M Looking Tired
ARTICLE SYNOPSIS ...Despite nearby support, this stock may slip lower....
Broadcom Finds Support
ARTICLE SYNOPSIS ...Broadcom Corp. had wild swings in price over the past two years. Where is it headed now?...
Dell's Diminished Drive
ARTICLE SYNOPSIS ...Dell Inc. stock peaked near $28 in late November and now has broken two support lines....
Microsoft In Failure Mode
ARTICLE SYNOPSIS ...The violation of a significant moving average line often is a tipoff to a trend change or start of a correction....
Verisign Nears A Pattern Test
ARTICLE SYNOPSIS ...After hitting a two-year high in the mid-$30 range and a low of $16, where is this stock headed?...
eBay Hints At A Trend Change
ARTICLE SYNOPSIS ...The stock price hit a two-year low last August. Is it recovering?...
CAT Leaps Higher
ARTICLE SYNOPSIS ...Caterpillar, Inc., is in the midst of a classic bottom pattern and is pushing higher....
Verizon Breakout
ARTICLE SYNOPSIS ...Verizon Communications vaults higher with a classic chart pattern — cup with handle....
Bottom-Picking The Worst Stock
ARTICLE SYNOPSIS ...The biggest dog this year — off 60% — on the NASDAQ 100 was Sepracor Inc. Purely from a technical view, it looks interesting....
Telus Corp. Marks Bottom
ARTICLE SYNOPSIS ...This Canadian stock is bouncing off a bottom hammer. How far will it go?...
Gold $1,000 Per Ounce?
ARTICLE SYNOPSIS ...Such a high number seems absurd. but then so is oil near $100 per barrel. With gold prices hitting a record high of $848 (continuous contract), breaking above a decades-old record, how much higher can it go?...
Best Buy Co. Testing A Double Top
ARTICLE SYNOPSIS ...As the markets bounce, many stocks will try to follow, including Best Buy Co....
The TSX Composite's Monthly View
ARTICLE SYNOPSIS ...The Toronto Stock Exchange has outpaced the Dow Jones Industrial Average since the big runup started late in 2002....
The Dow Jones Pitchfork View
ARTICLE SYNOPSIS ...The Dow Jones Industrial Average has declined some 800 points from its 14,000 high. What is the next likely move?...
Hartmarx Corp. Bucking The Trend
ARTICLE SYNOPSIS ...This Chicago-based clothing company founded in 1872 has a bullish chart and appears headed higher....
Has Centex Corp. Turned The Corner?
ARTICLE SYNOPSIS ...After falling from $58 to $41, a bottom may be in for this Dallas, TX–based leading home building company....
Dell Inc. Finds Major Support
ARTICLE SYNOPSIS ...When a previously faltering stock manages to once again find support above its 200-day moving average, it's a bullish sign....
Which Way Will Nike Run?
ARTICLE SYNOPSIS ...Nike Inc. has been in a rising pattern formation. Problem is, it's a bearish formation....
Has Cadence Design Systems Signaled A Possible Double Top?
ARTICLE SYNOPSIS ...Cadence Design Systems is the world's leading electronic design automation technologies and engineering services company....
Coke Topping Out?
ARTICLE SYNOPSIS ...The Coca-Cola Bottling Co. stock price has been above $60 less than a handful times since 1997.Recently it spiked that high again, but now that threshold has fizzed. Was this a top?...
PZZA Rising
ARTICLE SYNOPSIS ...After a nine-month consolidation, pizza specialist Papa John's is breaking higher....
Pentair Inc. Trying To Bounce
ARTICLE SYNOPSIS ...With 2005 revenues of $2.95 billion, Pentair Inc. is a large player in the industrial sector. The stock's recent thrust higher may continue....
Harmonic Inc. Hitting High Notes
ARTICLE SYNOPSIS ...Harmonic Inc. seems to have hit a wall at $7.75. If so, a correction may be overdue....
Ultra Petroleum Rising Off A Recent Bottom
ARTICLE SYNOPSIS ...Ultra Petroleum put in a hammer bottom several trading days ago. So what are the upside targets?...
Honeywell's Dubious Rising Channel
ARTICLE SYNOPSIS ...It's wise to tread carefully when chart patterns and indicators diverge....
eBay Inc. Faces Key Resistance
ARTICLE SYNOPSIS ...Falling from $58 to $22, will eBay become a hot seller again?...
Canadian Nickel Miner Inco Making Dollars
ARTICLE SYNOPSIS ...Inco Ltd. is Canada's nickel-producing giant and is on another upswing. Who needs gold with profits like this?...
Yahoo! Trying To Bounce
ARTICLE SYNOPSIS ...As the overall markets attempt to bounce off the recent downleg, many stocks will try to follow suit. Will Yahoo! have something to shout about?...
A Golden Sandwich
ARTICLE SYNOPSIS ...The TSX Gold Index reflects the current uncertainty of where gold is headed next. It's caught in an "EMA sandwich."...
Wal-Mart Downside
ARTICLE SYNOPSIS ...A long-term view of this retail giant shows significant downside....
Citigroup Nears Upside Target
ARTICLE SYNOPSIS ...After reaching a multiyear high above $49 in December 2005, Citigroup corrected to $45 and now is on an upleg again, nearing a target....
Signs Of A Nikkei Bottom
ARTICLE SYNOPSIS ...Has the 16-year bear trend ended for the Nikkei?...
Breakout For Suntrust
ARTICLE SYNOPSIS ...What was the reason for the breakout?...
Adobe Systems' Triangle Top
ARTICLE SYNOPSIS ...After a great run from $26 to $40, Adobe has reversed course....
Dow's Dangerous Downside
ARTICLE SYNOPSIS ...Broadening tops are a bearish formation, and the Dow industrials shows this pattern on its weekly chart....
Canadian Oil & Gas Giant Tries A Bounce
ARTICLE SYNOPSIS ...Imperial Oil Ltd.'s daily chart suggests an upleg has begun....
CRASH As In The Movie, Not The Markets
ARTICLE SYNOPSIS ...The chart hinted at the surprise win on the last trading day before the Academy Awards....
Canadian Nickel Giant Inco May Have Topped Out
ARTICLE SYNOPSIS ...The world's second-largest nickel producer, Inco Ltd., has started a downleg. How far can it go?...
MedImmune Hits Double-Top Target
ARTICLE SYNOPSIS ...This company, which focuses on infectious diseases and vaccines, has seen its stock reach an important support level....
Broadcom Peaked, Now Trying To Bounce
ARTICLE SYNOPSIS ...This stock has seen a dramatic rise and fall. Is there a bounce in the offing?...
NASDAQ's Tricky Pattern Could Go Either Way
ARTICLE SYNOPSIS ...Last autumn, the NASDAQ displayed a bearish pattern, but then the bear went into hibernation. Now that the bear is awake and flexing his muscle, was the pattern right all along?...
Tell Us It Ain't So, Telus Corp.
ARTICLE SYNOPSIS ...Where is Telus Corp., the second-largest telecommunications company in Canada, headed?...
Sigma-Aldrich May Be Topping
ARTICLE SYNOPSIS ...Sigma-Aldrich Corp., a leading life science and high technology company, may be topping in a potentially weak pattern....
Novavax Rallies On Bird Flu Scare
ARTICLE SYNOPSIS ...News that cases of human-to-human transmission of the deadly avian flu may have been discovered sent biotechnology stocks, including Novavax, higher....
Broadcom Signals A Bottom
ARTICLE SYNOPSIS ...Having failed brief support at $30, Broadcom dove to $22.50....
Trendline Test For The Dow Jones Industrial Average
ARTICLE SYNOPSIS ...So far in 2006, the Dow Jones Industrial Average has swung up 1,000 points, only to lose it all again. Where is it going now?...
Paychex May Bounce
ARTICLE SYNOPSIS ...This payroll and benefits outsourcing company looks ready to start an upleg....
Liberty Global May Tumble Lower
ARTICLE SYNOPSIS ...As Liberty Global Inc. breaks important support, downside targets are being considered for this NASDAQ 100 company....
Network Appliance Heats Up
ARTICLE SYNOPSIS ...This data management company was named by "Fortune" magazine as one of the "100 Best Companies to Work For" for the fourth consecutive year....
Bank Index Topped Out?
ARTICLE SYNOPSIS ...The Philadelphia Bank Index looks susceptible to a correction, and this could evolve into a triple-top formation....
The Microsoft Outlook
ARTICLE SYNOPSIS ...It's been a sideways meander since 2003. In the short term, Microsoft's stock may challenge a trend shift....
Wal-Mart Price Rollback
ARTICLE SYNOPSIS ...Wal-Mart is famous for its rollback pricing, and its stock is also playing the same tune....
Novavax Breaks Higher
ARTICLE SYNOPSIS ...This specialty biopharmaceutical company leaps out of a consolidation pattern as it eyes previous resistance levels....
F5 Networks Thrusts Higher
ARTICLE SYNOPSIS ...F5 Networks provides products and services to manage Internet traffic worldwide. And the stock price is moving higher....
The Lowdown On LoJack
ARTICLE SYNOPSIS ...With headlines like "$150,000 of Hijacked Fish" and "The Great Cookie Caper," this company draws attention to its niche of vehicle recovery....
Cognizant's Breakaway Gap Confirms Higher
ARTICLE SYNOPSIS ...As this NASDAQ 100 stock breaks higher, it validates the previous gap signal....
GM Shifts To A Higher Gear
ARTICLE SYNOPSIS ...The stock price of General Motors has broken above a consolidation pattern, but can it track higher?...
Examining XRAY
ARTICLE SYNOPSIS ...From humble beginnings in 1899, Dentsply International has grown to become the largest dental products company in the world. Where is it headed in the coming year?...
NASDAQ Composite Index Shows Pending Downleg
ARTICLE SYNOPSIS ...Has the Grinch stolen the Christmas rally, or is it already over for the NASDAQ?...
XMSR Satellite Radio Holdings Launching Off Bottom
ARTICLE SYNOPSIS ...After falling out of a near-$40 orbit early in 2005, this stock cratered down to $10 in the summer of 2006. Now it looks like another launch is under way....
Staples Ready To Make A Move?
ARTICLE SYNOPSIS ...Staples' price chart on a weekly basis has closed at a new all-time high. What transpires next should be a tradable move, but traders need to see some confirmation. Show us the money!...
eBay Tests Overhead Resistance
ARTICLE SYNOPSIS ...eBay has come off a summer bottom for a nice gain, but what's it got in store now?...
Nasdaq Composite Breaks Overhead Resistance
ARTICLE SYNOPSIS ...The high-tech index hit a 2006 high of 2375 in April and then fell more than 300 points into the dog days of summer. Now an upleg is under way....
Symantec Rising Off Bottom
ARTICLE SYNOPSIS ...After peaking past $33 in 2004, this stock suffered a decline to $14.70 this summer. Now things are starting to look up again....
Boeing Breaks Lower
ARTICLE SYNOPSIS ...High oil prices and travel anxiety add fuel to a breakdown....
eBay Coming Off Three-Year Low
ARTICLE SYNOPSIS ...After peaking in 2005 near $60, EBAY slid to $23. Now it's attempting to come off a multiyear low....
3M Moving Up
ARTICLE SYNOPSIS ...After hitting a peak near $88, this stock corrected more than 20% to $68....
Liberty Global Faces Key Resistance
ARTICLE SYNOPSIS ...Now under the pressure of two key moving averages, LBTYA looks vulnerable to further downside....
Intel's Train Whistle Finally Blows
ARTICLE SYNOPSIS ...Traders who tried to get on this slow train early most likely were sorely disappointed, but now there's hope as the stock finally leaves the station....
Failure Patterns Can Lead To Great Trades
ARTICLE SYNOPSIS ...Allegheny Technologies is currently trading at nose-bleed levels above $65. How it got there (in part) contains an interesting trading lesson....
Sysco Corp. Marks A Bottom On Its Daily Chart
ARTICLE SYNOPSIS ...Sysco Corp. has been on a downtrend since slipping below its 200-day exponential moving average last August....
Uranium Miner On An Upleg
ARTICLE SYNOPSIS ...Denison Mines, trading on the Toronto Stock Exchange, is one of only two publicly traded companies involved in uranium mining and production in Canada....
Centex Corp. Looking To Bounce
ARTICLE SYNOPSIS ...This resort developer broke ground today for Oahu's first new beachfront condominium homes in more than two decades. A traditional Hawaiian blessing and this chart may indicate brighter things ahead after this recent downturn....
Watch The NYSE Market Leader
ARTICLE SYNOPSIS ...The NYSE has been very strong, but now it's a hold at best until it corrects....
Nelson Resources Chases Black Gold
ARTICLE SYNOPSIS ...This former gold miner now is breaking out on this weekly chart....
Best Buy Co. May Be Best Buy
ARTICLE SYNOPSIS ...This huge specialty retailer of consumer electronics may be poised for another large move....
US Dollar Index: Running Out Of Gas In The Fast Lane?
ARTICLE SYNOPSIS ...The US Dollar Index has suffered a decline of 33% from the highs of 2002 to 2005. A reversal attempt is under way....
Alcan Aluminium Making A Move
ARTICLE SYNOPSIS ...The stock of Alcan, the world's second-largest producer of primary aluminum, may be entering a bullish phase....
Euro Index Hits A Milestone, Warning Of A Possible US Market Turn
ARTICLE SYNOPSIS ...A Euro Index bounce could reflect the US Dollar Index and the major US indexes topping....
TLC Laser Eye Centers Looking Like A Rebound
ARTICLE SYNOPSIS ...Back in the bubble years, this stock traded at $25 and the company changed Tiger Woods' legally blind (without glasses) status to 20/20 vision....
Vodafone Veers South
ARTICLE SYNOPSIS ...UK-based Vodafone, the world's largest cell phone service company, dragged the European telecom sector almost 6% lower this week....
Are Dell's Dark Days Done?
ARTICLE SYNOPSIS ...Dell faltered in the autumn and is now showing early signs of a possible reversal....
American Express Charges Higher
ARTICLE SYNOPSIS ...A double bottom is a classic bottom formation, and this is apparent with AXP....
Does Bad News Have Wings? Bears & Crows Eyeing DJIA
ARTICLE SYNOPSIS ...A candlestick warning of three black crows reminds traders of two bearish patterns evolving for the DJIA....
Dell Reaches Critical Support
ARTICLE SYNOPSIS ...This Dell daily chart depicts a large symmetrical triangle that is a neutral pattern until it breaks....
Gold Bounce Halted By Pitchfork Resistance
ARTICLE SYNOPSIS ...The Philadelphia Gold & Silver Index was enjoying an upleg until it ran into overhead resistance best shown on a pitchfork chart....
Inspire Is Seeking Inspiration
ARTICLE SYNOPSIS ...The roof caved in for Inspire in early February when the pharmaceutical company indicated that the FDA had rejected its drug Diquafosol....
Insurance Index Risky
ARTICLE SYNOPSIS ...The insurance index shows a bearish pattern and a downside move beginning....
Which Way For Oil?
ARTICLE SYNOPSIS ...Crude oil again spikes high--is it peaking?...
Imperial Oil's Regal Rise
ARTICLE SYNOPSIS ...Oil indexes and many oil stocks have had a considerable rise since the price of oil broke above $45 in early 2005. Is this move overextended?...
Gold Index Bouncing
ARTICLE SYNOPSIS ...After suffering a big decline from the highs of last November, the Philadelphia gold & silver index is showing signs of another bounce....
Bungee Jumping With Bunge Ltd.
ARTICLE SYNOPSIS ...The daily chart for this largest oilseed processor in the world shows a sizeable short-term retracement....
Mixed Signals For Motorola
ARTICLE SYNOPSIS ...Since bouncing off its 200-period EMA in April, Motorola has enjoyed a 20% gain. Is this leading to a breakout or a reversal?...
The Bell May Be Ringing For Cincinnati Bell
ARTICLE SYNOPSIS ...During the last great bubble of 2000, this was a $40 stock... now it's spent considerable time below $5. However, things are looking perkier now as the stock is coming off a two year low....
Oil Index Ripe For Correction
ARTICLE SYNOPSIS ...Gas pump prices may reflect oil's latest run-up, but the oil index is finally showing some weakness. With a little cooperation from the markets, relief may be coming....
Nasdaq Being Tested
ARTICLE SYNOPSIS ...As this high-tech index attempts to challenge previous highs, it has fallen short or at least stalled. A "pitchfork" view aptly illustrates this....
Walmart: Guaranteed Lower Prices?
ARTICLE SYNOPSIS ...Since peaking in 2000, Walmart share prices have drifted sideways, but a pattern break has recently occurred....
Gold Losing Luster
ARTICLE SYNOPSIS ...After the gold runup of last year, this precious metal has lost some of its luster. How much more downside can we expect?...
NYSE Takes The Lead
ARTICLE SYNOPSIS ...Watch the NYSE for signs going forward as it is leading the way....
Millennium Pharmaceuticals Moves Off A Bottom
ARTICLE SYNOPSIS ...This stock is ready for a bounce, how far can it go?...
Motorola Losing Charge
ARTICLE SYNOPSIS ...This Fortune 100 global communications leader had a head-turning ride up the charts in the past two years, doubling in price. Now it looks topped out....
Big Blue Has Lower Targets
ARTICLE SYNOPSIS ...Since topping out at the first of the year, IBM has faltered. Lower targets are in sight as two technical tests approach....
Intel's Big Problem
ARTICLE SYNOPSIS ...The world's largest chip maker has a hefty problem regarding its current daily chart: It's in bear land....
How Healthy Is First Health Group Corp.?
ARTICLE SYNOPSIS ...It's been a healthy three-month climb, but all is not well now with the chart....
This Gold Index Shows More Upside
ARTICLE SYNOPSIS ...With gold prices reaching more than 20-year highs, it is easier to determine possible upside targets from gold index charts as they are below their 10-year highs....
Agnico-Eagle Flying Higher
ARTICLE SYNOPSIS ...This unhedged intermediate-sized gold producer is based in one of the few mining-friendly, politically risk-free areas of the world....
A Burst Of Joy (Global, That Is)
ARTICLE SYNOPSIS ...Joy Global is a worldwide mining machinery and services company. And the stock price is breaking out....
S&P 500 In A Bearish Pattern
ARTICLE SYNOPSIS ...When the daily chart shows a downleg, it's prudent to consult a longer-term chart (say a weekly one) for further insight....
Loudeye Technologies Looking Like A Noise Maker
ARTICLE SYNOPSIS ...This volatile penny stock has formed a large trading range and is currently coming off an important low....
Owens Corning Attempts Breakout
ARTICLE SYNOPSIS ...The highest close since last April draws attention to this stock, especially when breaking out of a pattern....
Topping Pattern For Freescale Semiconductor Inc.
ARTICLE SYNOPSIS ...This stock has made a strong move up since breaking past the $20 level, but now it's looking toppy....
Nasdaq Shooting Star Not A Shining Star
ARTICLE SYNOPSIS ...Rising wedges try to seduce the bulls with false confidence. Bearish candlestick serves as a warning to alert traders....
Full Steam Ahead For Canadian Pacific Railway
ARTICLE SYNOPSIS ...Canadian Pacific Railway (CP) is a transcontinental carrier operating in Canada and the US. Second quarter earnings propelled the stock upward....
Overhead Challenges Facing Microsoft
ARTICLE SYNOPSIS ...Microsoft Corp. fell below its 200-day EMA last February and now has several upside challenges weighing down this giant bellwether stock....
Citigroup Aims Higher
ARTICLE SYNOPSIS ...Last March, Citibank Inc. fell below its 200-day exponential moving average. Now it's pushed above this important marker once again....
Upside Targets For Millennium Pharmaceuticals
ARTICLE SYNOPSIS ...Close to multiyear lows, this pharmaceutical company appears to be in accumulation. What are the possible upside targets?...
Wet Seal Pushes Higher
ARTICLE SYNOPSIS ...This specialty apparel maker has broken out of two consolidation ranges. What are the upside targets?...
Will Bed & Bath Move Beyond?
ARTICLE SYNOPSIS ...If Bed Bath & Beyond breaks past its symmetrical triangle, a larger move can evolve....
RF Micro Devices's Chart Shows An Upleg Developing
ARTICLE SYNOPSIS ...This Nasdaq-traded stock may be working on a large double bottom pattern. If so, attractive upside targets may present themselves....
Biovail (BVF) Hints At Upleg
ARTICLE SYNOPSIS ...Biovail's stock has been battered over the past year due to missed financial targets, regulatory investigations, and revelations that its chairman-CEO had sold millions of his Biovail shares....
Thunder Energy Long-Term View
ARTICLE SYNOPSIS ...With oil markets heating up again the past several weeks, many traders are looking at oil stocks....
Ivanhoe Mines Climbing Higher?
ARTICLE SYNOPSIS ...After a parabolic rise in share price in 2003 ($3-$15), this mining play (gold and copper) had a severe correction back down to $5. Now it appears to be in play again....
XAU Gold Index Tries A Breakout
ARTICLE SYNOPSIS ...This gold index is leading several other gold indexes in an apparent breakout attempt. This could be an early bullish signal....
Nasdaq Moving Up, But How Far?
ARTICLE SYNOPSIS ...After a period of sideways consolidation, this high tech index surges higher looking for some upside gains....
European Telecom Giant Shows A Mature Basing Pattern
ARTICLE SYNOPSIS ...Deutsche Telekom is a huge international player in the wireless market, with international holdings that include T-Mobile in the US....
Power-One Showing Strength
ARTICLE SYNOPSIS ...A good upleg is under way, breaking through technical points....
This Gold Index Hints At Retracement
ARTICLE SYNOPSIS ...Gold prices have been advancing nicely since breaking above $430 several weeks ago. Now there is a hint of weakness....
Costco Coming Down
ARTICLE SYNOPSIS ...Two weeks ago, Costco warned of a top. Now there is clear confirmation....
$50 Oil?
ARTICLE SYNOPSIS ...Although it sounds outlandish, $50 oil looks like a possibility on this chart....
Canadian Telecomunications Giant Looks Topped Out
ARTICLE SYNOPSIS ...TELUS Corp., the largest telecommunications company in Western Canada and the second largest in the country is looking very top heavy....
Three Red Flags For The Nasdaq Index
ARTICLE SYNOPSIS ...Three strikes and you're out. Could this be the fate for the Nasdaq?...
Siebel Systems' Bearish Slide
ARTICLE SYNOPSIS ...In less than five months, this former high tech favourite has fallen from a $16 to $10. Where is it headed now?...
Weekly Chart For Gold Shows Danger
ARTICLE SYNOPSIS ...The price of gold violates a major pattern. Unless it bounces immediately, more downside is in store....
Alcoa Inc. In Trouble
ARTICLE SYNOPSIS ...Alcoa, the dominant aluminum giant, has a heavy chart....
Sierra Wireless Inc. (SW.TO) Tries To Bounce
ARTICLE SYNOPSIS ...A dramatic fall the past several weeks has cut the stock price in half and bargain hunting buyers could be stepping in....
A Look At The Dow
ARTICLE SYNOPSIS ...The Dow has come down 500 points from last February. What's the current outlook?...
Columbus McKinnon (CMCO) May Be Ready To Bounce
ARTICLE SYNOPSIS ...This leading worldwide designer and manufacturer of material handling products has had a deeper correction than the overall markets and now appears ready to rebound....
Double Trouble For Applied Materials, Inc.
ARTICLE SYNOPSIS ...Applied Materials, Inc. (AMAT) has moved below recent support and in doing so has violated two important thresholds....
Gold Moving Toward Overhead Resistance
ARTICLE SYNOPSIS ...Gold successfully bounced off $390 support and now has upside resistance to tackle....
Boeing Co. Tries To Hammer Out A Bottom
ARTICLE SYNOPSIS ...Boeing, like many others, fell below its 50-day EMA as the overall markets tunrned south. The hammer signal formed on March 16, hints at a possible bounce here....
General Electric Co. Testing Major Support
ARTICLE SYNOPSIS ...General Electric (GE), one of the market's bellweather stocks, has been sliding down hard. It has now reached an important support level, will it hold?...
Broadcom Corp. Looking Bearish
ARTICLE SYNOPSIS ...Broadcom enjoyed a two month gain taking it from $34 to $44. Since then it has consolidated in a recognizable pattern....
Siebel Systems Inc. Shows Trend Change
ARTICLE SYNOPSIS ...Has this high tech favorite topped out or is it reloading for another run?...
Euro Pain, Dollar Gain, Gold Disdain
ARTICLE SYNOPSIS ...Things heat up in this ever-present love triangle....
Biogen Idec Inc. (BIIB) Rise Looking Dubious
ARTICLE SYNOPSIS ...This stock is looking toppy in a rising channel....
Downside Possibility For J.P. Morgan Chase & Co.
ARTICLE SYNOPSIS ...J.P. Morgan Chase & Co. (JPM) hits a previous congestion zone which now looks to become significant resistance....
The Challenge Ahead For The US Dollar Index
ARTICLE SYNOPSIS ...The US Dollar Index has fallen substantially in the past two years. Now it faces some challenges if it hopes to turn around....
POT.TO On Fire
ARTICLE SYNOPSIS ...PotashCorp raises second quarter guidance, spurring the share price near the highs of 1998....
Nasdaq's Limited Upside Potential
ARTICLE SYNOPSIS ...The Nasdaq may rise above 2000 this week but a confluence of resistance lurks nearby....
Novell Inc. Has Chart Woes
ARTICLE SYNOPSIS ...Novell, Inc., (NOVL) a leading provider of information solutions, appears in trouble on this daily chart....
XAU's (Gold Index) Bold Bounce
ARTICLE SYNOPSIS ...Early in the year when gold neared the $430 mark, the XAU Gold & Silver Index also peaked at 113. This index has made a classic retracement on their weekly chart as the price of gold also slipped....
Current Dow Challenge
ARTICLE SYNOPSIS ...At this point, the Dow is at a crossroads if you happen to spot it....
Airline Index Losing Altitude
ARTICLE SYNOPSIS ...With oil prices in a rising trend, the Airline Index ($XAL) has been taking a beating....
Kmart Retracement
ARTICLE SYNOPSIS ...After doubling in price in three months, a retracement is no surprise....
TSX Energy Index Testing A Breakout Level
ARTICLE SYNOPSIS ...This Canadian Energy Index has been lagging its American counterparts and now hints at wanting to go higher....
Nasdaq Downside Targets
ARTICLE SYNOPSIS ...The high tech Nasdaq Index is looking particularily weak at the moment. Downside targets are in sight....
Triangle Top Test For Petro-Canada
ARTICLE SYNOPSIS ...From 2002 to 2004, this Canadian oil giant has doubled in price from $35 to $70. Now it's off its peak....
Microsoft's Pitchfork Challenge
ARTICLE SYNOPSIS ...The Andrews Pitchfork technique shows this stock hitting a milestone on this chart....
A Monthly Look At The S&P 500 Index
ARTICLE SYNOPSIS ...It's a good habit to occasionally stand back and take in the longer term picture of the market place....
Has Pfizer Fizzled?
ARTICLE SYNOPSIS ...Pfizer (PFE) has come off its recent peak. Is this the start of a bigger downleg or just a normal correction?...
Tyco International Breaks Higher
ARTICLE SYNOPSIS ...Seemingly in sympathy with the overall markets, Tyco makes a move higher. What is the upside?...
Looking For A Gold Bounce
ARTICLE SYNOPSIS ...Gold has been battered lately so it's time once again to consider buying the next gold bounce....
Walt Disney Co. Enjoys Breakout
ARTICLE SYNOPSIS ...Walt Disney Co. (DIS) makes a bold thrust higher as last August's high is taken out....
Long Term Gold Hitting Resistance
ARTICLE SYNOPSIS ...Last month gold finally closed above $400, something it hasn't done since 1996....
Nortel Network's Longer-Term View
ARTICLE SYNOPSIS ...Nortel has almost doubled in the last three months. After such a dramatic rise what are the downside and upside probabilities?...
Don't Overpay For Ebay
ARTICLE SYNOPSIS ...Ebay, Inc. (EBAY) has had an admirable rise in the last three months along with the overall indexes. Now however it is looking like it could be topping out with a classic double top pattern....
Microsoft Trend Change
ARTICLE SYNOPSIS ...Microsoft slid under its 200-day moving average on higher than average volume. That should send alarm bells ringing....
XAU Gold Index Caught Between Support And Resistance
ARTICLE SYNOPSIS ...This widely followed index of gold stocks finds itself at a level where the next move can go either way....
A Dilemma For Dell
ARTICLE SYNOPSIS ...Dell may be toying with a head and shoulders top but for now it has gained the upper hand....
Boeing Looks Toppy
ARTICLE SYNOPSIS ...Boeing (BA) has bounced a few days ahead of the airline index and now finds itself challenging a previous top....
Nasdaq Headed For A Pattern Test
ARTICLE SYNOPSIS ...Is the party over or is this a normal and healthy correction for the tech index?...
Ameristar Casinos Inc. Breaks Out
ARTICLE SYNOPSIS ...ASCA breaks into an 18-month high....
Synopsys Pushing Higher
ARTICLE SYNOPSIS ...Synopsys, a world leader in semiconductor design software, technically looks strong for a continued bounce....
Anticipating A Short-Term Correction
ARTICLE SYNOPSIS ...The Santa Claus rally has been true to its namesake. Stocks have climbed in the period between Christmas and the New Year. But what happens next?...
Walt Disney Warns Of A Top
ARTICLE SYNOPSIS ...After rising more than $7 in five months, Disney stock looks vulnerable for a downside move....
Dell Looking Toppy
ARTICLE SYNOPSIS ...Dell has risen nicely since it vaulted past $36.50 in early November, but now it's looking to retrace....
The Bull Market Is Not Over
ARTICLE SYNOPSIS ...Taking a long-term view of the markets, I came to a surprising conclusion: The bull market that began more than two decades ago is not over, even though the sting of the year 2000 "meltdown" is still painfully etched in the minds of many traders and market followers....
Golden Bull Or Golden Bear?
ARTICLE SYNOPSIS ...This gold index may be at a crossroads. Is a bigger downleg developing or is this current dip just a normal and healthy retracement?...
Millennium Pharmaceuticals On Upswing
ARTICLE SYNOPSIS ...This stock appears to be coming off a bottom, similar to a double bottom in some regards....
QLogic (QLGC) Makes A Move
ARTICLE SYNOPSIS ...QLGC is showing the first good sign of a early bullish trend change since its previous meltdown....
Gold Making A Move
ARTICLE SYNOPSIS ...For the first time this summer, the price of gold is back above $410 and gold bugs are hopeful of a good move developing....
Gold Stock Looking To Bounce
ARTICLE SYNOPSIS ...Many gold stocks are looking anemic but this Canadian gold company is due for an upleg attempt as suggested by this chart....
Introgen's (INGN) Reversal Attempt
ARTICLE SYNOPSIS ...Introgen Therapeutics recently established a 14-month low and is now attempting a reversal....
Forecasting Boeing Turbulence
ARTICLE SYNOPSIS ...Boeing's stock price has held up very well in the midst of recent market pain and high oil prices but this trader sees likely turbulence ahead....
Toronto (TSX) In Trouble?
ARTICLE SYNOPSIS ...The Toronto Stock Index (TSX) has been safely above its 200-day exponential moving average for the past 15 months. Now it's being tested with a recent close below that mark....
Vaxgen Inc. Has Breakout Potential
ARTICLE SYNOPSIS ...Vaxgen (VXGN) is looking bullish -- provided a breakout on good volume ensues....
U.S. Dollar Index Contemplates Target Zone
ARTICLE SYNOPSIS ...After coming off a double bottom, USD nears a target zone.Is it falling just short or reloading for another go?...
An Early Trend Failure For Gold Or A Bounce Setting Up?
ARTICLE SYNOPSIS ...Traders who anticipated the likelihood of a possible double top move towards the troughline test were rewarded....
Euro Index Primed For Likely Rise
ARTICLE SYNOPSIS ...After a strong rise the Euro Index has corrected to meaningful support....
Beleaguered Biovail (BVF.TO) May Be Close To Turning Higher
ARTICLE SYNOPSIS ...This Ontario based pharmaceutical company has had its share of woes but the chart hints at a possible turn developing....
Volatility Index Marks A Clear And Present Danger
ARTICLE SYNOPSIS ...This index has a strong inverse relationships to the major indexes and traders should note a compelling move here....
Monthly Chart Shows Gold Upside Target
ARTICLE SYNOPSIS ...Gold has been very bullish on the daily, weekly and monthly charts....
The Bank Index Fails To Confirm Dow
ARTICLE SYNOPSIS ...The Philadelphia Bank Index is a broad financial index that usually mirrors the Dow....
Weekly Nasdaq Hits The Wall
ARTICLE SYNOPSIS ...The strongest reason for the overall markets to stall can be found on this weekly chart. If The Nasdaq stalls here and stumbles, the others will likely follow....
IBM's $90 Curse
ARTICLE SYNOPSIS ...IBM is still caught in a trading range, being repelled from $90 once again....
Andrew Corporation Working On A Double Bottom
ARTICLE SYNOPSIS ...The weekly chart shows this stock at a key level with upside implications....
Mediacom Moves Off Bottom
ARTICLE SYNOPSIS ...Mediacom Communications breaks out of a low trading range but what comes next?...
Canadian Nickel Giant, Inco Ltd. At A Crossroads
ARTICLE SYNOPSIS ...The world's second largest nickel producer is at a crucial point in its chart formation....
Will The S&P 500 Confirm The Recent Dow Thrust?
ARTICLE SYNOPSIS ...The S&P 500 (SPX) needs to confirm the Dow's move above its recent trading range, otherwise the move is questionable....
US Dollar And Euro Fighting Same Battle
ARTICLE SYNOPSIS ...These big currencies often battle each other for supremacy, moving most times as mirror images....
General Motors Gearing Down
ARTICLE SYNOPSIS ...General Motors, Corporation (GM) was riding high until recently. Now its forward momentum could be stalled....
Gold Patterns
ARTICLE SYNOPSIS ...The gold price challenged a previous high several weeks ago and promptly came back down. What patterns are evident?...
Can The U.S. Dollar Index Make An Upleg?
ARTICLE SYNOPSIS ...As the markets surged upwards last week many traders were anticipating the USD to follow with its own bounce....
A Theory Of $20 Oil Or Lower
ARTICLE SYNOPSIS ...For a lasting economic turnaround, many hope for cheaper oil prices to act as a catalyst. Here is a plausible chart view to sustain the above notion....
Celestica Searching For Support
ARTICLE SYNOPSIS ...This well known tech stock trades on both sides of the border and is nearing what may be crucial support....
Walt Disney Faces Key Challenges
ARTICLE SYNOPSIS ...The Walt Disney Co. (DIS) has failed several challenges on this daily chart and is now facing a test of its moving averages....
Main Indexes In Turmoil
ARTICLE SYNOPSIS ...The Nasdaq, Dow and the S&P 500 all look dangerous.Here is a look at the Nasdaq....
Is Oil Topping Out?
ARTICLE SYNOPSIS ...The price of crude oil has been testing overhead resistance and will be making a decisive move from here but which way?...
Gold Tries A Daring Move
ARTICLE SYNOPSIS ...The TSX Gold Index shows a potentially powerful pattern developing....
General Electric's Downside Challenge
ARTICLE SYNOPSIS ...GE needs to find support here or a bigger downside support test is approaching....
KLA - Tencor Corp. Poised For Breakout
ARTICLE SYNOPSIS ...KLAC is engaged in process monitoring systems for the semiconductor industry. They look ready to head higher....
Methanex Corp. Shows Early Warning Signs
ARTICLE SYNOPSIS ...Several negative developments shown on this chart hint at the liklihood of a downside test coming soon....
Sierra Wireless (SW.to) Looking Weak
ARTICLE SYNOPSIS ...This Canadian wireless play is showing early signs of weakness....
Nasdaq Presents Possible Double Top
ARTICLE SYNOPSIS ...Negative divergences may drive this index down again....
The Canadian Gold Index Gives Clear Clues
ARTICLE SYNOPSIS ...The TSX Gold Index is giving clues to gold traders via its trend channel and 200-day exponential moving average....
Concur Technologies Breaks Out
ARTICLE SYNOPSIS ...CNQR does a dramatic breakout of an ascending triangle....
Vodaphone's (VOD) Chances
ARTICLE SYNOPSIS ...A somewhat mixed picture on the weekly chart makes this a hold or a guarded buy....
S&P 500 Struggles With 950
ARTICLE SYNOPSIS ...Two chart formations show heavy resistance at the 950 zone....
Apollo Group Changing Course
ARTICLE SYNOPSIS ...This higher education provider has had a strong run but is now looking like a sell....
Altera Corporation Shows a Rising Wedge
ARTICLE SYNOPSIS ...Altera (ALTR) has been in a strong rising trend but is showing signs of weakness....
Will Xerox Copy Success?
ARTICLE SYNOPSIS ...The short-term action has been bullish and now the longer term is also hinting at a switch to a bullish bias....
Electronic Arts (ERTS) Limited Upside
ARTICLE SYNOPSIS ...This volatile tech stock has had a nice recovery after coming down from above $70 to below $50. Now further upside looks tenuous....
IBM In a Trading Channel
ARTICLE SYNOPSIS ...IBM's weekly chart shows a likely trading range and if so, the upside is limited....
The Nasdaq Leading the Race to Weekly Trend Change
ARTICLE SYNOPSIS ...As their daily charts move above their 200-day moving averages, the indices are showing a short-term trend change.What are the weekly charts showing with their longer-term views?...
Research In Motion Faces Quadruple Resistance
ARTICLE SYNOPSIS ...This Canadian tech heavy weight, known for its Blackberry wireless platform / pager, trades on both sides of the border and has plenty of resistance going forward....
VIX Analyzed
ARTICLE SYNOPSIS ...The Chicago Board Options Exchange Volatility Index is used by stock and options traders to monitor the market's anxiety level....
US Dollar Index and Euro Index Show Rare Pattern
ARTICLE SYNOPSIS ...The battle between these currencies is obvious via the mirror image-like moves. They both showed a strong reversal pattern....
Genzyme Topping Out
ARTICLE SYNOPSIS ...Genzyme General, a division of Genzyme, is a Nasdaq 100 stock that appears to be repeating a pattern and may be forming a possible triple top....
XAU Gold Index Bounces Off Support
ARTICLE SYNOPSIS ...Just as the price of gold falters, the gold index and gold stocks bounce to confuse traders....
Precision Drilling's Double Head & Shoulders Pattern
ARTICLE SYNOPSIS ...This Canadian oil field services company has had a small head and shoulders pattern fuflilled and now may test a much bigger pattern....
Nvidia Corporation's Triple Resistance Threat
ARTICLE SYNOPSIS ...Nvidia's (NVDA) colorful advance has lots of overhead resistance to beat as it approaches a trendline test....
The Nasdaq = Canary In The Coal Mine
ARTICLE SYNOPSIS ...The Nasdaq is the farthest along in the race to test the powerful 200-day EMA overhead resistance. What happens here may determine the fate of the other main indices....
Canfor Corporation Tries a Bounce
ARTICLE SYNOPSIS ...This Canadian forest products company is trying a bounce off trendline support....
Will London Lead Europe Higher?
ARTICLE SYNOPSIS ...While several European markets are failing badly, the British seem to be trying to make a stand via a possible double bottom pattern....
Markets Try to Hammer Out a Short-Term Bottom
ARTICLE SYNOPSIS ...Despite the uncertainty over geopolitical concerns, these charts suggest a bounce attempt is likely....
Apollo Group Inc.-- Strength In Question
ARTICLE SYNOPSIS ...This stock has enjoyed a nice ride up, however its bullish strength appears to be waning....
Novellus Looking Weak
ARTICLE SYNOPSIS ...This Nasdaq 100 stock is showing a descending triangle which is bearish....
Possible Cycle Low For ATI Technologies
ARTICLE SYNOPSIS ...This Canadian high tech player (graphic chip maker) is showing an interesting chart entry as a long position....
Throwback For Siebel Systems
ARTICLE SYNOPSIS ...Siebel's recent bearish action has bullish overtones when taking a chart pattern into consideration....
Island Reversal For Sun Microsystems (SUNW)
ARTICLE SYNOPSIS ...A powerful topping pattern hits this high tech stock....
Is Nasdaq Due For Retracement?
ARTICLE SYNOPSIS ...Too many negative divergences to recent movement has this index due for a haircut....
Monthly Dow Shows Early Signs Of Trend Change
ARTICLE SYNOPSIS ...Normally longer term trend changes are announced by a series of higher lows and higher highs on a monthly chart and the Dow finally shows this....
Citigroup Breaks a Three Year Trendline
ARTICLE SYNOPSIS ...Does Citigroup (C) have enough power to keep on going?...
Possible Double Top For CSX Corp.
ARTICLE SYNOPSIS ...A topping pattern may be in for this freight transportation company owning the largest rail network in the eastern United States....
US Dollar Index May Boost the Indices Higher
ARTICLE SYNOPSIS ...The strength or weakness of the USD often impacts the equities markets. Everyone knows that the greenback has taken a beating- has it bottomed?...
Three Black Crows - Not A Winner
ARTICLE SYNOPSIS ...Ameristar Casinos are having a run of bad luck and candlestick readers had ample warning before the crows flew south....
Merck & Co. Good To Bounce
ARTICLE SYNOPSIS ...The daily chart shows several reasons why a bounce attempt looks good here for this major drug manufacturer....
New Gold Upleg?
ARTICLE SYNOPSIS ...The gold price made a sizeable upswing from April to June where it ran from $322 - $375. After a healthy retracement, it may be ready to climb back up....
AOL Early Warning Signs
ARTICLE SYNOPSIS ...AOL has enjoyed a good rise the past few months but is now looking a little tired....
S&P 500 Upside Targets
ARTICLE SYNOPSIS ...The weekly chart shows upside potential....
Bombardier Makes a Strong Move
ARTICLE SYNOPSIS ...Canada's builder of planes, trains and recreational products has surged past the $5 mark with some conviction but it's a long way back to the old highs of $25....
Dim View For General Electric
ARTICLE SYNOPSIS ...This widely followed bell weather stock has trouble ahead if it dips below $28 and this is why....
International Look at Indexes
ARTICLE SYNOPSIS ...It's not hard to figure out who's leading the pack but are they leaders or going against the grain and due to expire?...
Boeing Cruises Down to Support
ARTICLE SYNOPSIS ...Boeing apparently has found support at its 20-day exponential moving average....
Oil Index Shows Possible Bottom Hammer
ARTICLE SYNOPSIS ...After a very good run this index has retraced and now the previous bull run may resume....
Swing Time for Currencies and Gold?
ARTICLE SYNOPSIS ...Gold often swings with the US dollar and the Euro, and it looks like this dance may continue....
VIX Topping Out Soon May Mean Market Bounce
ARTICLE SYNOPSIS ...The Chicago Board Options Exchange Volatility Index is used by stock and options traders to monitor the market's anxiety level. There is an inverse relationship to market direction. Generally when one peaks, the other troughs....
S&P 500 Fails on the Third Fan Line (The Power of Three)
ARTICLE SYNOPSIS ...The power of three is pervasive throughout many forms of technical analysis. Triple tops and bottoms, head and shoulder formations, fibonacci retracements (occurring in one third increments), three white soldiers and three black crows in candlestick terminology, and fan lines are good examples....
Pattern Success or Failure - Follow the "Elephant Tracks"
ARTICLE SYNOPSIS ...PeopleSoft Inc. illustrates a good example of bullish pattern failure. To the alert and flexible trader, it didn't matter which way it went. The move was tradable....
Wrong Way For Right Management Consultants Inc.?
ARTICLE SYNOPSIS ...A bullish pattern contained in a larger bearish one suggests that this could be traded successfully but may have limited upside....
Will IBM Fail at Gap Resistance?
ARTICLE SYNOPSIS ...Big Blue has been here before ($90), three times in the last 10 months, only to be turned back each time....
Manulife Financial Corp.'s Outlook
ARTICLE SYNOPSIS ...The chart has established a large symmetrical pattern affording trading opportunities as this pattern tries to build and resolve....
Can Gold Make Upside Target $420?
ARTICLE SYNOPSIS ...As previously discussed, gold did run up to test the $350 zone. If this area holds, I see $420 potential....
Symantec's Triple Top Danger
ARTICLE SYNOPSIS ...Several warning signs point to the possibility of a triple top challenge....
General Electric Double Bottom Attempt Could Be Tradable
ARTICLE SYNOPSIS ...With the markets looking to make a possible reversal, this General Electric Co. (GE) chart looks like a good time to try a double bottom attempt....
A Trader Catches A Bottom Reversal On The S&P 500
ARTICLE SYNOPSIS ...Catching tops and bottoms is difficult but can be rewarding/punishing depending on the outcome....
Telus Corp. May Be Building Another Head & Shoulders Pattern
ARTICLE SYNOPSIS ...It is too early to call a head and shoulders top, but the placement of the usually relevant 200-period EMA (exponential moving average) makes this a distinct possibility going forward. In the meantime, traders may be able to position themselves for a possible bounce at what is likely to be the start of the right shoulder....
Airline Index Testing a Bottom Hammer
ARTICLE SYNOPSIS ...A previous pattern has come into play again as this index tries for another bounce up via the recent bottom hammer....
Is Harley Running Out of Gas?
ARTICLE SYNOPSIS ...Harley Davidson has had quite a ride but now the charts are suggesting share prices may be headed "down the highway."...
General Electric Showing Downside Potential
ARTICLE SYNOPSIS ...General Electric (GE) may be facing a downleg from here for several technical reasons....
TSX Energy Index At A Record High
ARTICLE SYNOPSIS ...The Canadian Energy Index officially known as the S&P/TSX Capped Energy Index has broken through to a three year high....
Sears, Roebuck & Co. Tries A Bounce
ARTICLE SYNOPSIS ...After a big downleg, this retailer appears ready for a bounce....
Broadcom Corporation Being Broadsided
ARTICLE SYNOPSIS ...This tech stock is flirting with a major reversal pattern and may not evade a serious slide as it did last week....
A Troubled Steel Company Attempts A Turnaround
ARTICLE SYNOPSIS ...This beleagured Canadian company has a one year trading range of $4.85 - $0.93 and now tries to breakout of a trading range....
Bombardier Gives Another Shorting Opportunity
ARTICLE SYNOPSIS ...Canada's builder of planes, trains and recreational products is in the throes of completing a classic pattern - a head and shoulders top....
Nasdaq Double Top Threat
ARTICLE SYNOPSIS ...On December 3rd the Nasdaq touched 2000 for the first time in nearly two years. But instead of a bullish milestone, a poor close and warnings from several indicators spell the beginning of a likely downleg....
Two Pattern Tests For The S&P 500 Index
ARTICLE SYNOPSIS ...This broad index is testing two patterns at the same time. Success or failure here could result in a bold move up or down. Which will it be?...
Gold Support And Resistance
ARTICLE SYNOPSIS ...This past week has seen gold finally rise to briefly touch the $400 barrier for the futures (Comex) traders while the spot price reached a high of $398....
Dow Likely To Test Downside Support
ARTICLE SYNOPSIS ...The candlestick formations, tweezer top and bearish engulfing pattern, have the Dow primed for some downside action....
Zarlink Semiconductor May Be Fighting An Uphill Battle
ARTICLE SYNOPSIS ...This Canadian semiconductor stock has been enjoying a rising trend but what is the bigger picture revealing?...
Altera Corporation Looks Weak On A Weekly Basis
ARTICLE SYNOPSIS ...Altera's daily chart looks bullish with a possible ascending triangle but the weekly chart shows bearish possibilites....
Methanex Corporation's Prospects
ARTICLE SYNOPSIS ...The world's largest supplier of methanol is engaged in an important trendline test on its weekly chart....
Reliant Resources Trying A Bounce
ARTICLE SYNOPSIS ...This electricity supplier based in Houston is trying to turn up the juice....
Bioscrypt Inc. Makes An Impression
ARTICLE SYNOPSIS ...This Canadian micro cap is a biometrics provider of fingerprint recognition software and scanning equipment....
Intel Caught In A Trading Range
ARTICLE SYNOPSIS ...Intel Corp. is in a sideways consolidation and will eventually break out but which way?...
A Labored Breakout For Veritas Software
ARTICLE SYNOPSIS ...Ascending triangles have a bullish bias but this one is somewhat unusual due to recent violent swings....
Celestica's Reversal Attempt
ARTICLE SYNOPSIS ...A morning doji star reversal marks the bottom of this chart.What are the upside targets?...
Vasogen Inc. Nears Pattern Completion
ARTICLE SYNOPSIS ...This pharmaceutical stock trades in both side of the border and is focused on the research, development, and commercialization of immune modulation therapy for the treatment of cardiovascular and other inflammatory diseases....
Center Point Energy (CNP) Topping Out
ARTICLE SYNOPSIS ...This energy play shows several signs of topping out, making it a prudent sell....
Power Financial Corp. Makes a Triangle Break
ARTICLE SYNOPSIS ...This Canadian financial stock has made a break past triangle resistance, which follows the strength of the financials in general the past week....
Finding a Target for D&K Healthcare
ARTICLE SYNOPSIS ...This healthcare play has made a sizeable move from its bottom. How far can it run?...
Advanced Neuromodulation System, Inc. (ANSI) Tries Another Cup & Handle Formation
ARTICLE SYNOPSIS ...Cup with handle formations (originated by William O'Neil) are considered bullish continuation patterns....
Tembec Inc. Bounces Off Three Year Low
ARTICLE SYNOPSIS ...This Canadian forest products company hit hard times as it is embroiled in the Canada-U.S. softwood lumber dispute....
Gold Tries Again
ARTICLE SYNOPSIS ...Friday was a big day for most gold stocks and the various gold indexes....
Amazon.com's Weekly Chart Says It's Still A Jungle Out There
ARTICLE SYNOPSIS ...Amazon.com has had a good run off its lows and the ascending triangle is potentially a bullish formation BUT ......
Are We Seeing a Bottom Hammer?
ARTICLE SYNOPSIS ...Since peaking in the mid-twenties, this stock has been free falling to multi-year lows. Now it is trying to hold its previous low -- a candlestick "bottom hammer" -- but will it stick ?...
Magna International Twice Fails Pullback Test
ARTICLE SYNOPSIS ...This Canadian international auto parts giant can't beat the important and telling 200-day EMA barrier....
Bud's Early Warning Signs
ARTICLE SYNOPSIS ...This beer powerhouse may have gotten ahead of itself as several warning signs have emerged....
Risky Bottom Reversals And Directional Movement - Kasten Chase
ARTICLE SYNOPSIS ...The directional movement indicator (ADX) is a trend strength indicator that can be used in a variety of ways including spotting potential bottom reversals (an inherent higher risk play)....
Gold Still Bullish But Due For A Breather
ARTICLE SYNOPSIS ...The XAU gold index and most golds have had quite the run since the successful pullback test. Daily charts and a softening of spot price both suggest a small retracement is likely before the next upthrust....
US Dollar Index Pullback Test
ARTICLE SYNOPSIS ...The USD at a critical point here and outcome may influence overall indices as market confidence also reflected in the strength or weakness of the greenback....
Avnet's Telling Gaps And Tricky Bottom Hammers
ARTICLE SYNOPSIS ...Once the real bottom hammer came into play, a nice trend reversal occurred for Avnet (AVT). Gaps on this chart add fuel to direction....
Dim View For Invision Technologies
ARTICLE SYNOPSIS ...Invision is coming off a double top and looks vulnerable if the nearby moving averages fail to hold....
Elliott Wave-Type Downturn -- Papa Bear Or Baby Bear?
ARTICLE SYNOPSIS ...Indices are overbought and due for a downturn. The big question - is a big downdraft coming or just a correction before more upside?...
Will Nasdaq Gap History Repeat?
ARTICLE SYNOPSIS ...These Nasdaq gaps look familiar-- the spring of 2001 showed a similar chart situation. How much of this pattern will repeat?...
Gold Index Showing Mixed Signals
ARTICLE SYNOPSIS ...Positive action in the main indices has brought the golds understandably down and gold traders are in a quandry as to their next move....
Bank Index Closing In On Another Test
ARTICLE SYNOPSIS ...The last time this index look precarious, the markets hit a downleg and now it's showing another interesting juncture....
Trading Opportunities in Triangles
ARTICLE SYNOPSIS ...Even bearish formations are tradeable as this weekly chart shows via a descending triangle....
Networking Index Due For A Bounce
ARTICLE SYNOPSIS ...The networking index and the networkers have been beaten up badly, however it looks primed to at least give us a bear rally....
US Dollar Index Shows Some Optimism
ARTICLE SYNOPSIS ...The weekly chart shows the overall markets may find some firm footing going forward. A bullish flag has formed coming off a possible bottom....
A Look At The Dow Monthly Chart
ARTICLE SYNOPSIS ...Will the Dow's recent low hold or will it go to 6400?...
Nasdaq Turned Back At Formidable Resistance
ARTICLE SYNOPSIS ...The Nasdaq's impressive rise (similar to other indices) was finally halted by its overhead resistance line - the 200-day exponential moving average....
Royal Bank's Divergent Swings
ARTICLE SYNOPSIS ...Positive and negative divergences often lead to predictable moves, as this chart of Canada's largest bank shows....
Gold Index Looks Rangebound, Waiting For Triangle Break
ARTICLE SYNOPSIS ...Gold's choppy action may continue until we get a decisive move via a triangle break or a reversal off trendline....
Time To Take Profits In Magna Entertainment
ARTICLE SYNOPSIS ...Two key divergences and a 62 percent retracement level say it's time to cash in or at least use a trailing stop-loss to lock in profits....
The Nasdaq Powers Higher With Another Gap
ARTICLE SYNOPSIS ...The Nasdaq seems to relish announcing bullish intentions with gaps. If this current gap (11/14/02) doesn't close or start to close in three days, a strong move may be in store....
US Dollar Leads The Way Higher
ARTICLE SYNOPSIS ...Again the USD shows a turn in market direction. Clues as to how far the Dow and Nasdaq run may be revealed in this chart....
Boeing Thrusts Upwards
ARTICLE SYNOPSIS ...The airline giant has made a bold move off a probable double bottom. Does it have enough lift to continue?...
Volatility Index Examined
ARTICLE SYNOPSIS ...The inverse relationship between the volatility index and the direction of the markets is firmly established. What is the VIX saying now?...
DMI Says Lack of Power to Stall Golds
ARTICLE SYNOPSIS ...My favorite trend strength indicator, DMI (directional movement indicator), says gold price and the gold index do not have enough power in the short-term so expect a move down....
Is US Dollar Tipping Market Direction?
ARTICLE SYNOPSIS ...Movement in the $USD often serves as a strong clue for upcoming direction for the main indices....
Procter & Gamble's Weekly Chart Has Challenges
ARTICLE SYNOPSIS ...Two patterns have emerged on Procter & Gamble's weekly chart: A large triangle and a potentially bearish rising wedge....
Gold Moves to the Big Round Numbers
ARTICLE SYNOPSIS ...After drawing some trendlines on a long-term chart for gold, it's striking to see how gold gravitates to the big round numbers....
Nasdaq's Dangerous Doji Reappears
ARTICLE SYNOPSIS ...In a previous article (Nasdaq and The Dangerous Doji) a pattern of "doji rally killers" was illustrated. A combination of this bearish candlestick when a doji candlestick appears after a rally, in conjunction with the VIX (volatility index) coming off a substantial low, very often resulted in a substantial decline....
Trading a Reversal Pattern Using Technical Indicators
ARTICLE SYNOPSIS ...Trading sudden reversal patterns can be high risk/reward. Biomira, a Canadian biotech junior company provides a positive example of how to use several classic technical indicators to capture a lucrative short-term move....
Will This Nasdaq/QQQ Rally Last?
ARTICLE SYNOPSIS ...As market excitement builds for the current rally, traders will ponder if this will be a significant run resulting in a trend change or just another bear rally. Here are some parameters to help decipher the market's direction in the short to medium term....
The Dow's Bearish Broadening Formations Persist
ARTICLE SYNOPSIS ...Broadening tops are a bearish formation and the Dow has two it may be working on-- A large long term one with scary implications and a smaller one contained within....
Early Hints at General Motors' Weakness
ARTICLE SYNOPSIS ...Multiple negative divergences are often an early sign of trouble ahead. Some are starting to appear for GM and traders should watch for additional confirming weakness via price action and pattern violation.The indicators and volume show that despite the positive price action where prices challenge recent highs, there is no bullish confirmation from them. Negative divergence occurs when these indicators have flat or opposite sloping trendlines....
Three Black Crows Making More Frequent Appearances
ARTICLE SYNOPSIS ...When charts start reminding you of a Hitchcock classic then it's time to be concerned with too many crows appearing on your monitor....
Air Canada Taking Off Despite Market's Storm Front
ARTICLE SYNOPSIS ...Chart and recent news suggest a turnaround in the making for Canada's dominant airline....
The Nasdaq's Broadening Bottom Formation
ARTICLE SYNOPSIS ...Is the Nasdaq in a trading range with bullish upside or will it possibly succumb to a potentially bearish broadening formation?...
Is VIX "Spring" Setting Up to Kick the Nasdaq Down?
ARTICLE SYNOPSIS ...The Market Volatility Index's (VIX) new recent lows may mean a potentially explosive move is coming by virtue of the "spring" theory....
VIX / Nasdaq Weekly Timing Model
ARTICLE SYNOPSIS ...My previous article showed a compelling inverse relationship between VIX and the Nasdaq on the daily chart. How does this hold up on a weekly chart ?...
VIX's One-Two Punch Timing Model
ARTICLE SYNOPSIS ...The Volatility Index (VIX) can be used as a visual tool for improving market timing....
Bank Index Being Tested
ARTICLE SYNOPSIS ...The banking sector's ascending triangle is being challenged probably because of credit quality concerns and of course the bearish pressure on the main indices....
Looks Like the Dow is Set for a Possible Rally
ARTICLE SYNOPSIS ...A previously identified broadening pattern is now coming into play and a candlestick pattern hints at short term outcome....
Timing the Next Gold (XAU) Upleg
ARTICLE SYNOPSIS ...It's time to take another look at the XAU gold index....
Bearish Implications for ESS Technology
ARTICLE SYNOPSIS ...Two successive topping formations gave plenty of warning of trouble ahead despite analyst hoopla. Now the stock struggles like a drowning man as it dips under the all-important 200-day EMA for a second time....
Possibilities and Probabilites: An Ascending Triangle and Descartes Systems Group
ARTICLE SYNOPSIS ...This battered Canadian tech stock (a logistics solutions provider) trading on Nasdaq and Toronto is starting to look interesting. It trades with better liquidity on the Canadian exchange and can suffer from bouts of lower volume. However, since a basing period has started, the volume profile has improved....
This Penny is a Nickel Play
ARTICLE SYNOPSIS ...Technical analysis on penny stocks can be futile mainly because of liquidity problems. Thinly traded stocks are easily manipulated and their track records can be dubious. Other problems also occur when there are too many outstanding shares (in the hundreds of millions), with stakeholders that have millions of shares to dispose from previous cheap financings. Having said that, some penny plays without the foregoing problems can display readable patterns....
VIX Watchers Should Not Get Overconfident
ARTICLE SYNOPSIS ...More technical traders pay attention to the volatility index these days, hoping for a lasting turn in the market from bearish to bullish....
Short Term Opportunity in Gold
ARTICLE SYNOPSIS ...The $XAU gold index collapsed with a triple failure and this has set up a possible trading opportunity....
Gold's Bullish Short-Term Flags Explain Gold Confusion
ARTICLE SYNOPSIS ...Many gold traders are perplexed by the apparent sluggish action of gold lately relative to the diving main indices....
JDS Uniphase Makes Fast Gains Off Its Double Bottom
ARTICLE SYNOPSIS ...When looking for reversal patterns, double bottom formations can provide the basis for excellent short-term gains....
Royal Bank of Canada Facing a Triple Chart Challenge
ARTICLE SYNOPSIS ...Canada's largest bank is at a crossroads right now. An interesting triple challenge seems to be in the works with what appears to be a slanted head & shoulders topping formation, an important trendline test, and a 200-day EMA challenge....
Gold's Bearish Rising Wedge and The London Gold Fix
ARTICLE SYNOPSIS ...This one-year gold chart shows the recent weakness in gold markets via a rising wedge failure....
Flags and Bakbone Software
ARTICLE SYNOPSIS ...The chart of this software company may be coming to a crucial stage....
Smart Trader's Guide For The Next Nasdaq/DOW Rally
ARTICLE SYNOPSIS ...The main indices are coming due for a rally. Here is a prudent strategy for traders taking their cue via technical analysis....
NIKE Making A Run For It, But Could Be Out Of Gas
ARTICLE SYNOPSIS ...NIKE deteriorated in the spring as it came off a head and shoulders top and recently has found its second wind....
XAU Gold Index Attempting Another Upleg
ARTICLE SYNOPSIS ...For the second time in the past two weeks the gold sector is trying for another upleg. This time it may succeed....
Will This Diamond Play Sparkle Once Again?
ARTICLE SYNOPSIS ...This volatile diamond hunter is starting to show very early signs of better times ahead by virtue of its contracting triangle formation and the DI (directional movement indicator)....
Has Research In Motion Beaten The Bear Rally Blues?
ARTICLE SYNOPSIS ...Research In Motion's (RIM) chart shows what counts in the short term. RIM has posted a smaller-than-expected loss in its fiscal first quarter of 2002, but also lowered financial guidance for the overall year....
The US Dollar Chart Shows More Downside Coming
ARTICLE SYNOPSIS ...The long-term triple top has brought the USD down rather dramatically in the form of a bearish three black crows candlestick formation as shown on this monthly chart....
Amgen's Conflicting Patterns
ARTICLE SYNOPSIS ...Amgen is a global biotech company and chartwise is at a crucial point, which pattern wins?...
Cisco Systems Retraces To A Buying Opportunity
ARTICLE SYNOPSIS ...This networking leader soared with the markets off October lows only to be stopped by a double top. Now it has made a retracement to a likely key support area....
Airline Index In Descent
ARTICLE SYNOPSIS ...The descending triangle is a bearish formation that typically forms during a downtrend as a continuation pattern....
Double Top For Unisys Corporation
ARTICLE SYNOPSIS ...This information technology player has enjoyed a huge run since its October bottom of $6 to a recent high of $11.50. Now it's showing a potential double top formation on its daily chart....
A BIG Symmetrical Triangle In Gold
ARTICLE SYNOPSIS ...This 30-year gold chart has some interesting implications revolving around the largest symmetrical triangle I have ever tried to analyze....
Weekly Nasdaq Engaged In A Trendline Test
ARTICLE SYNOPSIS ...The current hesitantcy in the markets is aptly represented by the Nasdaq's current battle with a multiyear trendline....
The Glitter Of Gold
ARTICLE SYNOPSIS ...Gold has made a bullish move the past week. It's time to consider what the longer term charts are saying....
Double Top For Bank Index
ARTICLE SYNOPSIS ...The Philadelphia Bank Index responded very well to a previous double bottom and is now looking to possibly repeat with its bearish counterpart - a double top....
Island Reversal Pattern For The Nasdaq
ARTICLE SYNOPSIS ...Island reversals are topping formations, rather uncommon they often portend considerable downside action....
Double Bottoms Plus a Cup & Handle
ARTICLE SYNOPSIS ...It looks like Goodyear Tire & Rubber has finally established a bottom via an intriguing looking pattern....
Bearish Rising Wedge Spells Danger
ARTICLE SYNOPSIS ...This Canadian telecom play also trades on Nasdaq (JDSU). Several negatives point to likely downside making this a poor prospect for shorter term traders holding long positions....
XAU Gold Index Ready To Surpass Pullback Target
ARTICLE SYNOPSIS ...Many gold stocks are surging higher as the XAU beats the 200-EMA resistance level....
VIX Shows Bull (Bear Rally?) May Tire Soon
ARTICLE SYNOPSIS ...Previous articles have shown a good correlation between VIX and the main indices -- especially Nasdaq. There is an inverse relationship here as VIX runs opposite to the indices....
The Dow's Bearish Rising Wedge
ARTICLE SYNOPSIS ...The outcome of this potentially bearish pattern is crucial to the Dow in the short-term and the closing action the next two days should be very telling....
XOMA Ltd. - A Biotech Play On The Move
ARTICLE SYNOPSIS ...This biopharmaceutical development company is showing several interesting formations on its daily and weekly chart....
A 100 Year Look At The Dow
ARTICLE SYNOPSIS ...Has the Dow crested a 100 year wave?...
US Dollar Index And Island Reversals
ARTICLE SYNOPSIS ...Island reversals are relatively rare occurrences but $USD daily chart shows us two in quick succession....
The Abundance Of Pullback Tests
ARTICLE SYNOPSIS ...As the markets struggle for direction, traders are seeing plenty of pullback tests, showing what a crucial spot we are in....
When is it Safe to Short a Stock? Air Canada May Be Losing Altitude
ARTICLE SYNOPSIS ...Since topping out at the $8 area, Canada's dominant airline is now in a potentially bearish pattern - a descending triangle....
Imperial Oil Dethroned?
ARTICLE SYNOPSIS ...Even though Canada's oil and gas giant beat recent estimates, the chart doesn't lie - it is looking bearish....
Oil Index On A Slippery Slope
ARTICLE SYNOPSIS ...The Oil Index (Amex XOI)has enjoyed a 10-year uptrend as witnessed on its weekly chart. There are signs of weakness appearing, which bears monitoring....
The Power of Multiple Negative Divergences
ARTICLE SYNOPSIS ...When stocks or indexes make or challenge new highs they can possibly foretell coming failure by way of diverging or conflicting signals.Traders can do well following these indications that all is not well with the current rise....
Triple Top and Bottom Formations in Gold and the US Dollar
ARTICLE SYNOPSIS ...One of gold's main influences is movement in the US dollar.This can be readily seen comparing the long term charts of the gold index (XAU) and the US dollar index (USD)....
Using the Bearish Sentiment Index
ARTICLE SYNOPSIS ...Have we evaded another wave of extreme pessimism? Traders and investers like to monitor sentiment indicators. One of the longer standing ones is the Bearish Sentiment Index that measures the sentiment of investment newsletters. Started in the sixties, it's best used as a contrarian indicator. When too many people think the market will go up, it goes down, and when too many people think it will go down, it goes up....
Nasdaq and the Dangerous Doji
ARTICLE SYNOPSIS ...Most traders now avail themselves to the benefits of Japanese candlestick charting to shine on the path of enlightenment. What worked for rice traders centuries ago still works today in all areas of trading. Bar and point & figure charting still work, but I prefer the visual enhancements that candlesticks provide. Traders often see themselves in battle with the markets and candlesticks lend themselves quite well to the ongoing battle between bulls and bears....
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