Technical Analysis of STOCKS & COMMODITIES
The Traders’ Magazine since 1982
37,000 Page Traders’ Archive for $89.99
Article Archive For Kevin Hopson
DownloadQuicksilver Resources Nearing Support
ARTICLE SYNOPSIS ...Quicksilver recently broke out of a bullish trading range and is now falling back toward key support, making the stock an attractive buy at lower levels....
VIX Breakout Could Signal Further Market Weakness
ARTICLE SYNOPSIS ...Even though the VIX is finding resistance around last August's high, the recent pattern breakout could act as a catalyst for higher prices....
Oilsands Quest Approaching Reversal Point?
ARTICLE SYNOPSIS ...The two-month downtrend may be coming to an end, as pitchfork analysis points to a possible reversal soon....
Two Bullish Patterns For TXCO Resources
ARTICLE SYNOPSIS ...Bullish patterns on both the short-term and long-term charts could signal much higher prices for TXCO Resources....
Crude's Trading Range
ARTICLE SYNOPSIS ...Crude oil is once again testing key resistance at the $100 level, but market sentiment and the long-term uptrend may point to an eventual breakout....
COT Trend Could Spell A Forthcoming Bottom In Crude Oil
ARTICLE SYNOPSIS ...Market sentiment says a rebound in oil prices is likely....
Dell's Buy Signal
ARTICLE SYNOPSIS ...The last time I touched on Dell, the stock was close to giving another sell signal. Things have changed the past few weeks....
A Forthcoming Reversal For Nabors Industries?
ARTICLE SYNOPSIS ...Bullish divergences and a confluence of support could lead to a reversal at slightly lower prices....
Has The Trend Reversed For USEC Inc.?
ARTICLE SYNOPSIS ...A combination of Elliott wave theory and pitchfork analysis may have signaled a bottom for this stock....
Major Resistance For UPS
ARTICLE SYNOPSIS ...A confluence of resistance could imply a reversal at slightly higher prices for UPS....
Using Trendlines To Predict Price Movement
ARTICLE SYNOPSIS ...Trendlines can be used to predict reversal points, as well as breakout points....
The Importance Of Pitchfork Analysis For The Oil Services Index
ARTICLE SYNOPSIS ...Pitchfork analysis has been accurate in determining support and resistance levels for the index. Where could prices be headed next?...
Long-Term Volatility Pattern A Concern
ARTICLE SYNOPSIS ...Key resistance levels are holding for the volatility index, but the long-term pattern indicates an eventual breakout....
Higher Prices Could Prevail For Talisman Energy
ARTICLE SYNOPSIS ...The stock has met its initial price target based on January's trading range breakout. Does this mean a second price target will come into play?...
A Tug of War For BHP Billiton
ARTICLE SYNOPSIS ...The stock is consolidating between support and resistance, so which way will prices break?...
A Look At Denbury Resources
ARTICLE SYNOPSIS ...A recent downturn in prices could create an attractive buying opportunity for long-term investors....
Is Entergy Corp. Setting Up For A Move?
ARTICLE SYNOPSIS ...Support and resistance are converging, but the longer-term trend may dictate which way prices break....
Pitchfork Analysis For Natural Gas
ARTICLE SYNOPSIS ...Pitchforks have been accurate in predicting both breakout points and reversal points for natural gas prices....
Crude Oil's Breakout
ARTICLE SYNOPSIS ...A double-pattern breakout indicates higher crude oil prices in the long term....
A Break Of Key Support For Reliant Energy
ARTICLE SYNOPSIS ...A recent break of support could lead to further weakness for Reliant Energy....
Is The Rally In The US Dollar Index Over?
ARTICLE SYNOPSIS ...The US Dollar Index has rallied since late December, but this strength may be coming to an end....
What The VIX And S&P 100 Could Be Telling Us
ARTICLE SYNOPSIS ...The VIX and OEX are both approaching key price levels, which could dictate if the market sees a bounce in the near term or the January correction continues....
UEX Corp.'s Triangle Breakout
ARTICLE SYNOPSIS ...A bullish triangle breakout and a pullback to key short-term support levels is creating an attractive opportunity....
A Trading Range For ExxonMobil
ARTICLE SYNOPSIS ...A bullish consolidation pattern could lead to much higher prices for ExxonMobil, but traders should wait for confirmation before going long....
A Bottom For Meridian Resources?
ARTICLE SYNOPSIS ...A bottom reversal has occurred, but what is its magnitude?...
An Update On Honeywell International
ARTICLE SYNOPSIS ...As expected, Honeywell bounced off key support this week. Now the stock faces short-term resistance....
Devon Energy Testing Key Resistance
ARTICLE SYNOPSIS ...Devon Energy faces a tough task in the near term....
A Trend Change For Crude Oil?
ARTICLE SYNOPSIS ...Despite signs of weakness, crude oil prices have rallied recently. Has the short-term downtrend reversed?...
Honeywell International Approaching Key Support
ARTICLE SYNOPSIS ...A confluence of support at slightly lower levels should keep Honeywell shareholders in the game for the time being....
The VIX & SPX Are At Key Levels Once Again
ARTICLE SYNOPSIS ...Near-term action in both the VIX and SPX will likely determine whether current weakness in the market will continue....
Duke Energy Pulling Back To Key Support
ARTICLE SYNOPSIS ...Further price weakness in the near term could create an excellent buying opportunity for this stock....
Possible Upside Targets For FuelCell Energy
ARTICLE SYNOPSIS ...Recent uncertainty has given way to higher prices for FuelCell Energy....
Tesoro's Trading Range Still Intact
ARTICLE SYNOPSIS ...Tesoro Petroleum is still stuck in a trading range, which could be good news for those traders who have yet to go long....
Why Long-Term Bond Prices Show No Signs Of Reversing
ARTICLE SYNOPSIS ...As expected, long-term bond prices have broken to the upside. With pessimism still building, prices likely have higher to go....
A Breakout For Honeywell International
ARTICLE SYNOPSIS ...A trading range breakout could spell higher prices for Honeywell....
S&P 500 Bumping Up Against Resistance
ARTICLE SYNOPSIS ...As expected, the broader market put in a short-term bottom but prices are now facing resistance....
UEX Corp. Still Looking Strong
ARTICLE SYNOPSIS ...As expected, UEX bounced off key support recently and is once again in rally mode. So what is next for the stock?...
Caution For Crude Oil
ARTICLE SYNOPSIS ...Trading sentiment could indicate a top in crude oil prices and the possibility of a pullback in the near term....
Pioneer Natural Resources Still Range-Bound
ARTICLE SYNOPSIS ...A bullish consolidation pattern and increasing pessimism may be a winning recipe for Pioneer....
A Developing Bottom For Wachovia Corp.?
ARTICLE SYNOPSIS ...Bullish divergences and pessimistic market sentiment both point to a forthcoming reversal....
Dell Testing Another Layer Of Support
ARTICLE SYNOPSIS ...One area of key support has already been taken out. Can Dell hold the next line?...
General Electric Is Range Bound
ARTICLE SYNOPSIS ...A three-month trading range is still intact for General Electric....
Lehman Bond Fund Puts In A Bottom
ARTICLE SYNOPSIS ...The short-term downtrend has been broken, but resistance is standing in the way....
An Update On Talisman Energy
ARTICLE SYNOPSIS ...Talisman Energy is bumping up against downtrend resistance once again....
Is Honeywell International Ready to Break Down?
ARTICLE SYNOPSIS ...Is Honeywell ready to resume its long-term uptrend or will the short-term bears sink the stock price?...
Cimarex Energy's Cup And Handle Breakout
ARTICLE SYNOPSIS ...The recent consolidation pattern confirms the long-term uptrend for Cimarex Energy and the likelihood for higher prices....
FuelCell Energy Looking Strong
ARTICLE SYNOPSIS ...The rally in FuelCell Energy will likely continue....
U.S. Dollar Index At A Crossroads
ARTICLE SYNOPSIS ...With major support and resistance levels converging, the U.S. dollar index is due for a significant move soon....
A Reverse Head And Shoulders Formation For The Oil Services Index?
ARTICLE SYNOPSIS ...Another potentially bullish pattern for the Oil Services Index could lead to a resumption of the long-term uptrend....
An Update On The Oil Services Index
ARTICLE SYNOPSIS ...A test of this month's high will likely lead to an upside breakout for the Oil Services Index....
FuelCell Energy Still Chugging Along
ARTICLE SYNOPSIS ...FuelCell continues to rally, but the stock is now coming up on an inflection point....
Akita Drilling Showing Strength
ARTICLE SYNOPSIS ...Despite the stock's short-term downtrend, Akita Drilling looks poised to move higher....
What's Next For Immune Response?
ARTICLE SYNOPSIS ...Keep your eye on some key price levels to determine which way the stock will move....
Are Internet Stocks Ready To Break Down?
ARTICLE SYNOPSIS ...A bearish consolidation pattern and negative divergences on the daily chart could point to lower prices for Internet stocks....
Where Should You Buy Gold?
ARTICLE SYNOPSIS ...Gold is showing signs of a short-term top, but weakness should be bought....
A Double Bottom Rally For Pioneer Natural Resources
ARTICLE SYNOPSIS ...After putting in a double bottom last month, Pioneer Natural Resources has continued to rally. What's the outlook in the longer term?...
Why Oil Service Stocks Are Still The Place To Be
ARTICLE SYNOPSIS ...Until investors become more optimistic on oil services stocks, this group has higher to go....
Crude Oil Trying To Overcome Key Resistance
ARTICLE SYNOPSIS ...Will a potentially bullish consolidation pattern finally lead to a break of key resistance?...
Next Resistance For The NASDAQ 100 Shares
ARTICLE SYNOPSIS ...The NASDAQ 100 shares have overcome several short-term obstacles....
Keep Your Eye On The Moving Target
ARTICLE SYNOPSIS ...Target's significant bottom reversal and potentially bullish trading range could point to higher prices ahead....
The Short-Term Outlook For Crude Oil
ARTICLE SYNOPSIS ...Crude oil prices recently bounced off support around the $45.00 level but now face resistance at $50.00....
Range Resources At A Key Inflection Point
ARTICLE SYNOPSIS ...Downtrend resistance and moving average support are converging for Range Resources. So which way will the stock break in the near term?...
Time Warner Coming Up On Key Resistance
ARTICLE SYNOPSIS ...Though a significant resistance area is approaching, Time Warner may have the power to break through....
Forest Oil Bounces Off Key Support
ARTICLE SYNOPSIS ...Could the recent bounce lead to a resumption of the longer-term uptrend?...
A Reverse Head-And-Shoulders Pattern For Brigham Exploration?
ARTICLE SYNOPSIS ...Given support at slightly lower levels and a potentially bullish consolidation pattern, investors should continue to hold these shares....
A Few Good Setups In The Oil Patch
ARTICLE SYNOPSIS ...There are four stocks in the oil services industry that you will want to keep an eye on in the near term....
Frontline Marching Forward
ARTICLE SYNOPSIS ...A couple significant patterns have marked Frontline's progress this year, and another could be in the works....
A Major Confluence Of Support For Crude Oil
ARTICLE SYNOPSIS ...Light sweet crude is approaching a key support zone, which could act as a significant reversal point for prices....
Talisman Energy Approaching Some Key Support Levels
ARTICLE SYNOPSIS ...Despite meeting its minimum upside target, Talisman Energy may have further to go....
A Trading Range For TransGlobe Energy
ARTICLE SYNOPSIS ...TransGlobe Energy's failed triangle breakout last month has created additional buying opportunities for the stock....
Is The Lehman Treasury Fund Finding A Bottom?
ARTICLE SYNOPSIS ...The Lehman Treasury Fund has bounced off key support levels but are prices ready to rally?...
FuelCell Energy Pulling Back To Support
ARTICLE SYNOPSIS ...FuelCell Energy broke out of a bullish triangle formation last month and is now pulling back to long-term support levels....
Natural Gas Approaching Key Resistance
ARTICLE SYNOPSIS ...A successful breach of resistance could spur a significant rally in natural gas prices....
Halliburton's Bullish Consolidation Pattern
ARTICLE SYNOPSIS ...Halliburton's potentially bullish trading range could mean much higher prices in the long-term....
Key Support For The AMEX Oil Index
ARTICLE SYNOPSIS ...Limited downside potential offers a good buying opportunity in integrated oil companies....
What The VIX Could Be Telling Us
ARTICLE SYNOPSIS ...Though pessimism is growing in the marketplace, the S&P 500 could see further weakness before putting in a temporary bottom....
Median Line Support for Calpine Corp.
ARTICLE SYNOPSIS ...Median lines can act as good reversal points, as illustrated by Calpine Corp....
Why the Rally in Starbucks May Not be Over
ARTICLE SYNOPSIS ...Starbucks' bullish trading range and "out-of-favor" status with Wall Street may indicate higher prices ahead....
A Megaphone Top For Anadarko Petroleum?
ARTICLE SYNOPSIS ...Anadarko Petroleum's broadening triangle formation indicates a potential forthcoming top in the stock price....
Dow And S&P 500 Find Themselves In The Same Boat
ARTICLE SYNOPSIS ...Despite closing above their 10-day and 20-day moving averages, the Dow and S&P 500 have to take out further resistance if their short-term trends are going to reverse....
What's Next For The Lehman Treasury Bond Fund?
ARTICLE SYNOPSIS ...The Lehman Treasury Bond Fund has ignored typical bearish patterns on the chart by continuing to move higher. However, there are some key price levels to watch in determining which direction the fund will move next....
A Buying Opportunity For Marathon Oil
ARTICLE SYNOPSIS ...Overly pessimistic market sentiment could indicate an upcoming bottom reversal for Marathon Oil....
A Potential Downside Target For The S&P 500
ARTICLE SYNOPSIS ...The S&P 500 Index looks to be headed lower in the near-term but when will the bleeding stop?...
Newmont Mining's Bullish Gap
ARTICLE SYNOPSIS ...Though Newmont Mining faces further obstacles in the short-term, bearishness in the stock is starting to subside....
A Simple Way To Use Money Flow
ARTICLE SYNOPSIS ...Money flow for XTO Energy has been negative recently but the trend may be ready to reverse....
What's Next For Natural Gas?
ARTICLE SYNOPSIS ...As expected, natural gas prices broke to the upside from a falling wedge formation but is there more steam left in the rally?...
Are Utility Stocks Headed Even Higher?
ARTICLE SYNOPSIS ...The Utilities Holders recently broke out of a bullish trading range, indicating the potential for higher prices. Could this be true in light of the Dow's recent breakdown?...
Evergreen Resources' Bullish Triangle Formation
ARTICLE SYNOPSIS ...Evergreen's bullish consolidation pattern and pessimistic market sentiment could indicate a further move to the upside....
A Developing Bottom For Ford Motor Co.?
ARTICLE SYNOPSIS ...Analysts and investors have been betting against Ford Motor Co. in recent months but don't let the negative sentiment fool you....
XTO Energy's Inverse Head And Shoulders Breakout
ARTICLE SYNOPSIS ...Though some traders may have considered the recent triple top in XTO Energy as being negative, pattern watchers would have recognized the true upside potential of the stock....
Ford's Stock Is Built Tough
ARTICLE SYNOPSIS ...Bullish technicals and bearish market sentiment could be a winning combination for Ford Motor Company....
Using Pitchfork Channels To Determine Support & Resistance
ARTICLE SYNOPSIS ...Pitchfork channels can identify good buy and sell points, as illustrated by Meridian Resources Corp....
The Big Picture For Natural Gas
ARTICLE SYNOPSIS ...Natural gas is entering a critical stage right now, as key support and resistance levels are converging upon one another....
An Update On Plains Exploration & Production
ARTICLE SYNOPSIS ...As expected, Plains Exploration and Production held support at lower levels but is now running into potential resitance....
Transocean's Falling Channel Formation
ARTICLE SYNOPSIS ...Transocean has been stuck in a downtrend the last three months but there are signs of a forthcoming reversal....
Oil Service Holders Living On The Edge
ARTICLE SYNOPSIS ...The Oil Service Holders has been clinging to near-term support but will this price level hold?...
Time To Consider Precious Metals
ARTICLE SYNOPSIS ...The bullish percent chart for precious metals could indicate a buying opportunity very soon....
Caution For Plains Exploration & Production
ARTICLE SYNOPSIS ...The stock is starting to break down but is it time to sell?...
S&P 500 Approaching Key Resistance
ARTICLE SYNOPSIS ...A potentially bearish pattern and key resistance could both spell a near-term reversal in the S&P 500 Index....
Vintage Petroleum Looking To Break Out
ARTICLE SYNOPSIS ...A break of key resistance at current levels could signal higher prices down the road....
Emerging Support For Rowan Cos.
ARTICLE SYNOPSIS ...The recent pullback in Rowan Cos. may provide an excellent buying opportunity for investors....
A Developing Bottom for Marvel Enterprises
ARTICLE SYNOPSIS ...Marvel Enterprises has experienced a steep decline in recent weeks but this may be coming to an end....
So Far, So Good For Gold
ARTICLE SYNOPSIS ...As expected, gold prices found a bottom in spring and have proceeded to move higher. However, prices are coming up on key resistance now....
ChevronTexaco's Double Pattern Breakout
ARTICLE SYNOPSIS ...ChevronTexaco's diamond breakout and symmetrical triangle breakout both indicate higher prices in the near-term....
A Wild Six Months for Crude Oil
ARTICLE SYNOPSIS ...Even though crude oil prices have been up and down this year, predicting the various cycles has been easier than you might think....
Why SunTrust is Worth a Look
ARTICLE SYNOPSIS ...SunTrust is coming up on key resistance but the stock may have sufficient buying pressure to overcome this....
A Potentially Bullish Setup for Kerr-McGee Corp.
ARTICLE SYNOPSIS ...Kerr-McGee's recent pullback may create a good buying opportunity, as bullish technicals and extremely pessimistic market sentiment could propel the stock longer-term....
Is The Rally In Devon Energy Almost Over?
ARTICLE SYNOPSIS ...Even though Devon has reached my ultimate upside target, current market sentiment is not indicative of a significant top....
A Trading Range For Archer Daniels Midland Co.
ARTICLE SYNOPSIS ...Archer Daniels Midland Co. has been stuck in a 5-month trading range but converging trendlines could foretell an important move soon....
Marvel Facing Hulk-Like Resistance
ARTICLE SYNOPSIS ...A break of resistance at the $20.00 level and Marvel could be off to the races....
A Break Of Trendline Support For Magnum Hunter Resources?
ARTICLE SYNOPSIS ...Magnum Hunter Resources looks to have breached last July's uptrend line but a further pullback could represent a good buying opportunity....
Bullish Signs Abound For The Oil Services Index
ARTICLE SYNOPSIS ...Lackluster performance by oil service stocks the past year has done little to attract investors but looking at the bigger picture, this is one place you will want to be when all is said and done....
Strength In The U.S. Dollar Index
ARTICLE SYNOPSIS ...The U.S. Dollar Index has been showing signs of reversing for some time now but is the recent bounce the beginning of a more serious correction or is it just a weak attempt to push prices higher?...
Has Natural Gas Topped Out?
ARTICLE SYNOPSIS ...Natural gas prices have moved higher in recent weeks, as predicted, but has the uptrend reversed?...
ExxonMobil Corp.'s Trading Range Breakout
ARTICLE SYNOPSIS ...ExxonMobil Corp. broke out of bullish consolidation pattern back in mid-December, indicating the potential for higher prices in the near-term....
Bullish Breakout For The Triple Q's
ARTICLE SYNOPSIS ...The Nasdaq 100 Shares recently broke out of a bullish trading range, indicating the likelihood for further price appreciation in the near-term....
Houston Exploration's Bullish Trading Range
ARTICLE SYNOPSIS ...The Houston Exploration Co. has been consolidating in a bullish trading range since last September, indicating the potential for higher prices down the road....
Mixed Signals For The Canadian And U.S. Dollar Indexes
ARTICLE SYNOPSIS ...The Canadian and U.S. Dollar Indexes have been moving in opposite directions for three years now and while this trend may continue in the near-term, there are signs of long-term trend reversals further down the road....
Bullish Or Bearish Pattern For The U.S. Dollar Index?
ARTICLE SYNOPSIS ...The U.S. Dollar Index has temporarily bottomed out but is the recent action indicative of a move higher?...
Crude Oil's Bullish Consolidation Pattern
ARTICLE SYNOPSIS ...Crude oil prices have settled into a bullish trading range since early January, indicating the potential for higher prices ahead....
Lehman Treasury Bond iShares Moving Higher
ARTICLE SYNOPSIS ...Even though shares of the Lehman 20+ Year Treasury Bond Fund continue to move higher, the longer-term picture still points to lower prices....
Pessimism Grows Towards Integrated Oil Stocks
ARTICLE SYNOPSIS ...Though the AMEX Oil Index has appreciated roughly 45 percent over the past year, there are still signs of higher prices ahead....
Transocean's Long-Term Channel Breakout
ARTICLE SYNOPSIS ...Transocean Inc. recently broke out of a long-term bottoming pattern, indicating significantly higher prices down the road....
Bullish Divergences For Newmont Mining Corp.
ARTICLE SYNOPSIS ...Newmont Mining Corp. (NEM) has pulled back roughly 20 percent over the past month but there are signs of the short-term downtrend reversing....
Another Bullish Holding Pattern For ExxonMobil?
ARTICLE SYNOPSIS ...As expected, ExxonMobil Corp. has proceeded higher after last December's channel breakout. Oddly enough, the stock has formed another bullish trading range, indicating more upside potential in the near-term....
Are Natural Gas Prices Ready To Move Higher Again?
ARTICLE SYNOPSIS ...Natural gas may have put in a significant top earlier this month but there are a number of signs pointing to higher prices in the near-term....
A Double Pattern Breakout For Spinnaker Exploration
ARTICLE SYNOPSIS ...A triangle breakout and pitchfork strength both indicate a resumption of November's uptrend....
The Mini-Pitchfork Technique
ARTICLE SYNOPSIS ...This technique can help traders determine short-term entry and exit points....
A Trading Range For Tesoro Petroleum
ARTICLE SYNOPSIS ...A bullish consolidation pattern could lead to much higher prices for Tesoro Petroleum stock....
An Update On Silver Standard Resources And The Underlying Commodity
ARTICLE SYNOPSIS ...A potential bottom in silver prices and a similar setup in Silver Standard Resources could point to a good buying opportunity....
Are Long-Term Bond Prices Headed Higher?
ARTICLE SYNOPSIS ...Two bullish consolidation patterns not only support the possibility of higher prices, but they also make the scenario likely....
Grant Prideco's Trading Range Formation
ARTICLE SYNOPSIS ...Until the market becomes overly bullish on this company, the stock price has higher to go....
Anadarko Petroleum Bounces Off Support Again
ARTICLE SYNOPSIS ...A bullish consolidation pattern may point to higher prices for the stock....
Why Oil Service Stocks Are Still The Place To Be
ARTICLE SYNOPSIS ...Though the recent correction in oil service stocks may not be over, we have probably not seen the ultimate top in prices....
Newmont Mining Looks Attractive
ARTICLE SYNOPSIS ...The recent correction should be viewed as a good buying opportunity, as market sentiment points to higher prices in the long term....
The Next Leg Up For The S&P 500
ARTICLE SYNOPSIS ...A bullish consolidation pattern and a recent break in resistance could lead to higher prices for the index....
Mixed Signals For Silver Standard Resources
ARTICLE SYNOPSIS ...Despite the recent correction, the long-term uptrend still points to higher prices....
Is Cimarex Energy Poised To Move Higher?
ARTICLE SYNOPSIS ...Short-term indicators predict a forthcoming bottom reversal, while the long-term pattern points to higher prices....
FuelCell Energy Showing Signs Of Bottoming Out
ARTICLE SYNOPSIS ...A break of short-term resistance last week may have confirmed a bottom reversal in FuelCell Energy....
Lehman Treasury Bond Fund Bumping Up Against Key Resistance
ARTICLE SYNOPSIS ...The Lehman Treasury Bond Fund has rebounded nicely off of its May low but is the rally over?...
An Update On The Precious Metal Bullish Percent
ARTICLE SYNOPSIS ...The precious metal bullish percent continues to hover below the 30 percent level. As such, the sector has yet to give a buy signal....
Why Rowan's Breakdown Could Create The Ultimate Buying Opportunity
ARTICLE SYNOPSIS ...Rowan recently breached key support around the $23.00 level but the long-term technicals still point to higher prices....
The Volatility Index Continues To Point To Lower Stock Prices
ARTICLE SYNOPSIS ...Despite last week's sharp correction in the equity market, current volatility levels do not indicate a significant bottom in the S&P 100....
Is Natural Gas Ready For A Bounce?
ARTICLE SYNOPSIS ...Natural gas has corrected significantly since the May high but prices could be due for a bounce in the near-term....
Oil And Gas Stocks Approaching Key Support
ARTICLE SYNOPSIS ...The Oil Services Index and AMEX Oil Index could be due for a bounce....
A Bearish Trading Range For The Nasdaq 100?
ARTICLE SYNOPSIS ...The Nasdaq 100 shares have bounced off the $34.00 level several times the past year but the current consolidation pattern may point to a break of support here....
Why The S&P 100 Could See Much Lower Prices
ARTICLE SYNOPSIS ...A lack of fear in the marketplace could indicate lower prices for the S&P 100....
Bullish Shakeout Pattern For Gold?
ARTICLE SYNOPSIS ...Gold's recent sell signal could actually be a reason to buy....
S&P 500 Index Testing Key Support
ARTICLE SYNOPSIS ...The S&P 500 Index has pulled back to significant support, which may provide a good buying opportunity in the near-term....
A Short-Term Bear Rally For Newmont Mining?
ARTICLE SYNOPSIS ...Newmont Mining has rebounded off of this month's lows but will likely make one final move to the downside before the short-term downtrend reverses....
Ford Motor Co. Approaching Key Resistance
ARTICLE SYNOPSIS ...Ford Motor Co. has spiked higher in recent days but the rally may not be over yet....
EnCana's Bullish Flag Breakout
ARTICLE SYNOPSIS ...EnCana's bullish flag breakout and recent pullback to key support levels has provided a great buying opportunity for the stock....
Lehman Treasury Bond Fund Finally Breaks Down
ARTICLE SYNOPSIS ...The Lehman Treasury Bond Fund was recently turned back at a key resistance level, confirming a significant top in prices....
Fuelcell Energy's Bullish Triangle Breakout
ARTICLE SYNOPSIS ...Fuelcell Energy recently broke out of a large bullish triangle formation, indicating much higher prices down the road....
Devon Energy's Trading Range Breakout
ARTICLE SYNOPSIS ...Devon Energy has broken out of a bullish consolidation pattern, indicating higher prices ahead....
Ford Is Trucking Along
ARTICLE SYNOPSIS ...As expected, Ford Motor Co. put in a short-term bottom last month. However, given recent developments and continued pessimism towards the company, Ford could have much higher to go....
TransGlobe Energy's Bullish Triangle Formation
ARTICLE SYNOPSIS ...TransGlobe Energy has seen its stock price appreciate significantly over the past eight months but the bullish consolidation pattern indicates even higher prices ahead....
A Head And Shoulders Top For May Crude Oil?
ARTICLE SYNOPSIS ...May crude oil has been hitting new highs in recent months but the head and shoulders breakdown could indicate a correction in the near-term....
Falling Channel For Valero Energy
ARTICLE SYNOPSIS ...Valero Energy has been stuck in a falling channel since mid August but things are starting to look up for this refiner....
Apache's Recent Topping Pattern
ARTICLE SYNOPSIS ...Apache Corp. (APA) recently topped out around the $69.00 level, as my prior analysis predicted. What's next for this oil and gas company?...
How High Can the S&P 500 Index Go?
ARTICLE SYNOPSIS ...The S&P 500 broke out of two-and-a-half month trading range early this month, indicating the potential for higher prices in the near-term....
Brigham Exploration's Triangle Breakout
ARTICLE SYNOPSIS ...Brigham Exploration has broken out of an eight-month bullish triangle formation, indicating higher prices ahead....
What Will Devon Energy Do Next?
ARTICLE SYNOPSIS ...Devon Energy looks to be forming a bullish triangle but the stock has little margin for error if higher prices are going to prevail....
Apache Corporation Testing Key Resistance
ARTICLE SYNOPSIS ...Apache Corp. has been in a steady uptrend for the last 10 months but is now approaching a key resistance level....
Time To Buy Spinnaker Exploration?
ARTICLE SYNOPSIS ...Spinnaker Exploration looks to have completed the second wave of an uptrend, meaning that the stock should eventually take out June's high....
Long-Term Uptrend Remains Intact For The S&P 500
ARTICLE SYNOPSIS ...Despite the recent pullback in the S&P 500, the index's long-term uptrend remains intact, meaning that investors should continue to hold....
EnCana Corporation Testing Key Support
ARTICLE SYNOPSIS ...EnCana Corporation's triangle breakout is in jeopardy if the stock cannot hold support at current levels....
Potential Head And Shoulders Top For Devon Energy?
ARTICLE SYNOPSIS ...Devon Energy looks to be completing the right side of a head and shoulders pattern, which could indicate a recent top in the stock price....
Magnum Hunter's Triangle Breakout
ARTICLE SYNOPSIS ...Magnum Hunter recently broke out of a bullish triangle formation, indicating the potential for higher prices in the near-term. However, I would be wary of a possible trend change once this breakout has been completed....
Have Natural Gas Prices Put In A Significant Bottom?
ARTICLE SYNOPSIS ...Natural gas prices have been declining for several months now but there are indications that the trend has reversed....
Brigham Exploration's Triangle Breakout
ARTICLE SYNOPSIS ...Brigham Exploration has broken out of another bullish triangle formation, indicating the potential for higher prices ahead....
Short-Term Trend Change For Valero Energy
ARTICLE SYNOPSIS ...As expected, Valero Energy has broken to the upside from its falling channel formation, thus confirming a short-term bottom for the stock....
EOG Resources' Bullish Channel Formation
ARTICLE SYNOPSIS ...EOG Resources is currently consolidating in a bullish trading range but traders should wait for a break of the upper channel line before going long....
Intel Corp.'s Trading Range Breakout
ARTICLE SYNOPSIS ...Intel Corp. appears to have broken out of its second bullish trading range in two months but a move above the $30.00 level is still needed to confirm this....
Brigham Exploration's Bullish Trading Range Formation
ARTICLE SYNOPSIS ...Brigham Exploration failed to form a cup with handle pattern but the stock appears to be settling into a bullish trading range....
Techniques To Reduce Your Trading Risk
ARTICLE SYNOPSIS ...By using a number of different trading methods, as opposed to relying on just one, traders can effectively lower their risk....
Using Trading Ranges To Determine Future Price Movement
ARTICLE SYNOPSIS ...Trading ranges not only help predict future movements in price, but they can also determine the extent of the move....
A Potential Cup With Handle Pattern For Brigham Exploration?
ARTICLE SYNOPSIS ...Brigham Exploration looks to be forming a cup with handle pattern but there are factors to consider when trying to confirm this....
Recent Top in Denbury Resources Proved To Be Correct
ARTICLE SYNOPSIS ...Denbury Resources recently topped out around the $14.00 level, as expected, but the near-term outlook is uncertain....
TransGlobe Energy's Pitchfork Breakout
ARTICLE SYNOPSIS ...TransGlobe Energy has nearly quadrupled in price from its August low. Despite this, the stock looks attractive on a potential pull back to key support levels....
Using Contrarian Indicators to Determine Market Tops & Bottoms
ARTICLE SYNOPSIS ...Contrarian indicators like short interest, analyst ratings and bullish percent levels can all be used to help gauge market sentiment. In this article, I compare oil service stocks to integrated oil stocks to see which sector has the best chance of moving higher in the near-term....
Valero Energy's Ascending Triangle Breakout
ARTICLE SYNOPSIS ...Valero Energy (VLO) has broken to the upside from an ascending triangle formation, indicating the potential for higher prices in the near-term....
Rowan's Triangle Breakout with a Developing Cup and Handle
ARTICLE SYNOPSIS ...Rowan Cos. recently broke out of a bullish triangle formation and now looks to be forming a cup with handle....
AMEX Oil Index Currently Testing Downtrend Resistance
ARTICLE SYNOPSIS ...The AMEX Oil Index continues to move higher after breaking out of a falling wedge formation. However, long-term downtrend and Fibonacci resistance could turn back prices in the near-term....
Bullish Pennant Formation for Nexen Inc.
ARTICLE SYNOPSIS ...Nexen Inc. recently broke out of a seven-month trading range and is now forming a bullish pennant, indicating a potential move higher in the near-term....
A Long-Term Trend Reversal for Transocean Inc.?
ARTICLE SYNOPSIS ...Transocean Inc. (RIG) has been in a two-and-half-year downtrend but pitchfork analysis indicates that a reversal has now occurred....
Nexen's Channel Breakout
ARTICLE SYNOPSIS ...Nexen Inc. (NXY) had been stuck in a seven-month trading range but the recent channel breakout now indicates higher prices in the long-term....
Has the AMEX Oil Index Put in a Significant Bottom
ARTICLE SYNOPSIS ...The AMEX Oil Index (XOI) has been in a two-year downtrend but is now showing signs of reversing course....
Spinnaker Exploration Coming Up On Significant Resistance
ARTICLE SYNOPSIS ...Spinnaker Exploration looks to have completed the final leg of its one-year downtrend. With the technicals indicating a potential downside reversal in the near-term, investors should consider future weakness as a good buying opportunity....
Support Turned Resistance for Apache Corp.
ARTICLE SYNOPSIS ...Apache Corp. (APA) had been in a steep uptrend since late last year. However, the stock recently broke its long-term uptrend line, which has now turned into resistance....
AMEX Oil Index -- Fifth Wave in Progress?
ARTICLE SYNOPSIS ...The AMEX Oil Index (XOI) looks to be in the fifth and final wave of its long-term downtrend. If so, a significant bottom reversal could occur in the coming weeks or months....
Recent Channel Breakout for ConocoPhillips
ARTICLE SYNOPSIS ...ConocoPhillips (COP) had been stuck in the $46.00 to $50.00 range dating back to October 2002. However, the stock broke out of its four-month trading range late last month, indicating the potential for higher prices in the long-term....
Oil Services Index Bounces of Key Support
ARTICLE SYNOPSIS ...The Oil Services Index bounced off key support in the 92-93 range last week. Though a further pull back is possible in the near-term, the long-term technicals point to higher prices down the road....
Falling Wedge Formation for the AMEX Oil Index
ARTICLE SYNOPSIS ...The AMEX Oil Index looks to be completing a falling wedge formation, which would indicate a potential upside breakout in the near-term....
Quicksilver Resources' Ascending Triangle Formation
ARTICLE SYNOPSIS ...Quicksilver Resources broke out of an ascending triangle formation in mid-May and is in the process of completing another one. As a result, the stock could see an upside breakout in the near-term....
Precision Drilling Corp.'s Channel Breakout
ARTICLE SYNOPSIS ...Precision Drilling Corp. recently broke out of a five-month trading range, indicating higher prices ahead. With short-term support levels now coming into play, I would look to accumulate these shares....
Nabors Industries' Channel Breakout
ARTICLE SYNOPSIS ...Nabors Industries' recent channel breakout indicates higher prices ahead. With the stock now pulling back to key support levels, it might be a good time to buy....
Berry Petroleum Caught In A Trading Range
ARTICLE SYNOPSIS ...Berry Petroleum looks to be caught in a trading range but the longer-term trend could indicate an eventual break to the upside....
Is EnCana Corp. Ready To Turn Around?
ARTICLE SYNOPSIS ...EnCana Corp. (ECA) has been pulling back since the early part of June but looks to be forming a short-term bottom at current levels....
A Potential Bottom Reversal For Anadarko Petroleum?
ARTICLE SYNOPSIS ...Anadarko Petroleum has seen a sharp sell-off in its stock price the last several weeks but there are signs of a potential bottom being put in....
A Possible Buying Opportunity For Meridian Resource
ARTICLE SYNOPSIS ...Meridian Resource Corp. is starting to pull back after running up nearly 900 percent over the last eight months. With key support coming into play below the $4.00 level, speculative investors should look to buy on a further pullback....
How Low Will Devon Energy Go?
ARTICLE SYNOPSIS ...Devon Energy has been in a corrective mode the last few weeks but investors could have gotten out at higher levels if they had noticed the warning signals....
Apache Corp. on the Verge of Breaking Out
ARTICLE SYNOPSIS ...Apache Corp. looks to be completing a bullish triangle formation, indicating a potential break to the upside. However, I would wait for confirmation before jumping in....
Nexen Inc. Pulling Back to a Key Support Zone
ARTICLE SYNOPSIS ...Nexen Inc. has been on a tear after breaking out of a seven-month trading range back in May. Now that the stock has proceeded to pull back, I would look to accumulate shares at near-term support levels....
Is Denbury Resources Breaking Down?
ARTICLE SYNOPSIS ...Bearish divergences on the chart and a recent close below the 20-day moving average could indicate further downside potential for Denbury Resources in the near-term....
ExxonMobil Corp. Approaching Key Support
ARTICLE SYNOPSIS ...ExxonMobil Corp. recently broke out of a long-term triangle formation. Now that the stock has proceeded to pull back and key support is coming into play, a good buying opportunity has presented itself....
Mixed Signals for Denbury Resources
ARTICLE SYNOPSIS ...Denbury Resources broke out of a long-term bullish triangle in May but now that the stock has proceeded higher, there are conflicting signs as to which way prices will move in the near-term....
A Bullish Flag Formation for EnCana Corp.
ARTICLE SYNOPSIS ...EnCana Corp. has been consolidating in the $30.00 to $32.00 range since hitting a new 52-week high last December. The bullish flag formation indicates an eventual break to the upside....
Spinnaker Exploration Set to Hit New Lows?
ARTICLE SYNOPSIS ...Spinnaker Exploration has been in a long-term downtrend since May of last year. Elliott Wave theory indicates a potential decline to new lows before this trend reverses....
Spinnaker Exploration Still Looks Poised For New Lows
ARTICLE SYNOPSIS ...Spinnaker Exploration (SKE) continues to be stuck in a long-term downtrend. Given the recent break of support at the $20.00 level and weakening technicals, the stock is still on course to hit new lows....
Patterson's Channel Breakout Indicates Higher Prices in the Near-Term
ARTICLE SYNOPSIS ...Patterson-UTI Energy, Inc. (PTEN) had been stuck in a trading range most of January. Now that the stock has broken above the upper channel line, higher prices should prevail....
Patterson-UTI Energy's Bullish Pennant Formation
ARTICLE SYNOPSIS ...Patterson-UTI Energy's recent trend reversal has led to a bullish pennant formation on the daily chart, indicating the potential for higher prices in the near-term....
Are Oil Service Stocks Headed Higher?
ARTICLE SYNOPSIS ...Oil service stocks have broken out of a five-month trading range but is the rally for real?...
U.S. Dollar Showing Signs Of Breaking Out North Of The Border
ARTICLE SYNOPSIS ...The U.S. dollar has made up ground against the Canadian dollar in recent days but is this just a bear market rally or the beginning of a trend reversal?...
The S&P 500 Looks Susceptible To A Breakdown
ARTICLE SYNOPSIS ...Though the S&P 500 has been resilient in recent months, the index is showing signs of vulnerability....
Are Higher Interest Rates On The Horizon?
ARTICLE SYNOPSIS ...The Lehman 20+ Year Treasury Bond Fund (iShares) is showing signs of breaking down, which could signal higher interest rates down the road....
Is The U.S. Dollar Ready To Rebound?
ARTICLE SYNOPSIS ...The U.S. Dollar Index has been in a decline for nearly three years now but various signs are pointing to a potential bounce in the near-term....
Things Are Looking Up For Natural Gas
ARTICLE SYNOPSIS ...Natural gas looks to have put in a significant bottom, as October's falling wedge breakout has held up thus far....
EnCana Corporation's Gap Line Breakout
ARTICLE SYNOPSIS ...EnCana Corp. (ECA) recently gapped above October's downtrend line, indicating the potential for higher prices in the near-term....
Comstock Resources' Falling Wedge And Trading Range Breakout
ARTICLE SYNOPSIS ...Comstock Resources broke out of a falling wedge formation earlier this month and has now broken to the upside from its recent trading range....
Is Berry Petroleum Preparing To Break Out?
ARTICLE SYNOPSIS ...Berry Petroleum continues to be stuck in a trading range but the technicals point to higher prices down the road....
Gold & Silver Index Could Be Topping Out
ARTICLE SYNOPSIS ...The Gold & Silver Index has been chugging higher the last several months but the technicals are indicating a potential reversal in the near future....
AMEX Oil Index Coming Up On Resistance
ARTICLE SYNOPSIS ...The AMEX Oil Index is quickly approaching key overhead resistance but the longer-term picture still indicates higher prices to come....
Oil Services Index Bumping Up Against Key Resistance
ARTICLE SYNOPSIS ...The Oil Services Index recently put in a short-term bottom but the jury is still out as to whether or not the group can move higher....
Swift Energy Showing Signs Of Strength
ARTICLE SYNOPSIS ...Swift Energy is showing signs of strength, indicating a potential break to the upside from the stock's two-month trading range....
A Developing Bottom For Frontier Oil?
ARTICLE SYNOPSIS ...Frontier Oil's five-month downtrend could be coming to an end, making the stock an attractive buy in the near-term....
Downside Potential In The AMEX Oil Index
ARTICLE SYNOPSIS ...The AMEX Oil Index (XOI) looks to have additional downside potential in the near-term but I would consider a further pullback an excellent buying opportunity....
The Oil Services Index Tries To Regroup At Key Support
ARTICLE SYNOPSIS ...The Oil Services Index (OSX) has been in a steep correction the last several weeks but is now showing signs of bottoming out....
Bullish Percent is a Good Barometer of the Market
ARTICLE SYNOPSIS ...The bullish percent is the percentage of stocks that are on buy signals at any given point in time. By watching for certain patterns, investors can interpret what type of market - bull or bear - we are in before it is too late....
Fifty-Percent Retracement Levels Can Provide Good Buying Opportunites
ARTICLE SYNOPSIS ...Fifty-percent retracement levels can offer good entry points for traders and investors. The November 2002 natural gas contract provides a good example of this....
ChevronTexaco Corp. is Stuck in a Trading Range
ARTICLE SYNOPSIS ...ChevronTexaco Corp. has been stuck in a tight trading range the past few weeks. The stock's 50-day moving average, long-term downtrend line and a developing triple top formation are acting as resistance at the top of this trading range....
The AMEX Oil Index is Facing Significant Trendline Resistance
ARTICLE SYNOPSIS ...The AMEX Oil Index (XOI) gave a false buy signal last week when it broke a double top in the 460 to 465 range. Significant trendline resistance would have alerted traders to an upcoming reversal in the Index....
Relative Strength Index and Stochastics Can Help Confirm Tops
ARTICLE SYNOPSIS ...Though Apache Corp. (APA) recently hit a new 52-week high, the relative strength index (RSI) and stochastics pointed to a potential top in the stock price....
Apache Corp. Offers a Good Example of a Shakeout Pattern
ARTICLE SYNOPSIS ...Apache Corp. (APA) broke a significant top in the $57.00 to $58.00 range last month. The positive relative strength and shakeout pattern indicated a further move to the upside....
AMEX Oil Index Failed to Follow Through
ARTICLE SYNOPSIS ...The AMEX Oil Index, a price-weighted index of large-cap integrated oil companies, failed to follow through last week. The culprit is broken support, which is now acting as short-term resistance for the Index....
The AMEX Oil Index is Testing Key Resistance
ARTICLE SYNOPSIS ...The AMEX Oil Index (XOI) has been capped by its 50-day moving average since July of this year. With this moving average coming into play once again, could the XOI be setting up for a short-term top?...
December Crude Oil Showing Signs of Recovery
ARTICLE SYNOPSIS ...December crude oil has been in a downward spiral for the last month-and-a-half. Though the contract failed to confirm a bottom last week, there were some positive technical developments on Monday....
December Natural Gas Bounces Off Long-Term Support
ARTICLE SYNOPSIS ...December natural gas (NGZ2) has seen a sharp sell off over the last few weeks, as weakness in the crude oil futures market has weighed on prices. However, the contract successfully tested key long-term support in the $3.72 to $3.76 range last week....
Has December Crude Oil Put in a Bottom?
ARTICLE SYNOPSIS ...December crude oil broke out of a bearish rectangle formation early last week. However, the contract bounced off a key retracement level, which could signal a potential bottom in crude oil prices....
Frontier Oil - A Classic Example of Broken Support Turned Resistance
ARTICLE SYNOPSIS ...Frontier Oil broke a spread quintuple bottom in the $14.50 to $15.00 range back in July. Since then, this area of broken support has acted as stiff resistance for the stock....
December Crude Oil is Stuck in a Trading Range
ARTICLE SYNOPSIS ...December crude oil has been stuck in a week-long trading range since selling off late last month. A break out of this trading range will determine whether or not prices continue their downward trend....
Frontier Oil is at a Key Juncture Right Now
ARTICLE SYNOPSIS ...The chart for Frontier Oil is painting two different pictures. Though some of the technicals are indicating significant resistance at current levels, others are projecting higher prices....
Request Information From Our Sponsors
- VectorVest, Inc.
- Executive Premier Workshop
- One-Day Options Course
- OptionsPro
- Retirement Income Workshop
- Sure-Fire Trading Systems (VectorVest, Inc.)
- Trading as a Business Workshop
- VectorVest 7 EOD
- VectorVest 7 RealTime/IntraDay
- VectorVest AutoTester
- VectorVest Educational Services
- VectorVest OnLine
- VectorVest Options Analyzer
- VectorVest ProGraphics v6.0
- VectorVest ProTrader 7
- VectorVest RealTime Derby Tool
- VectorVest Simulator
- VectorVest Variator
- VectorVest Watchdog
- StockCharts.com, Inc.
- Candle Patterns
- Candlestick Charting Explained
- Intermarket Technical Analysis
- John Murphy on Chart Analysis
- John Murphy's Chart Pattern Recognition
- John Murphy's Market Message
- MurphyExplainsMarketAnalysis-Intermarket Analysis
- MurphyExplainsMarketAnalysis-Visual Analysis
- StockCharts.com
- Technical Analysis of the Financial Markets
- The Visual Investor
Join
us on Facebook
Follow
us on Twitter
DEPARTMENTS: Advertising | Editorial | Circulation | Contact Us | BY PHONE: (206) 938-0570
PTSK — The
Professional Traders' Starter Kit
Home — S&C
Magazine | Working
Money Magazine | Traders.com
Advantage | Online Store | Traders’ Resource
Add a Product
to Traders’ Resource | Message
Boards | Subscribe/Renew | Free
Trial Issue | Article
Code | Search
Copyright © 1982–2024 Technical Analysis, Inc. All rights reserved. Read our disclaimer & privacy statement.