ARTICLE SYNOPSIS...Most stocks or commodities cannot maintain a sharp rise or fall for an extended period of time. Sharp moves in any direction are often followed by a consolidation pattern, with an eventual breakout or breakdown in the same direction. The Barr Labs chart
ARTICLE SYNOPSIS...Earnings are good and Caterpillar's long-term prospects appear to be bright, but cyclical analysis suggests that the stock may be due for a significant pullback in the near term.
ARTICLE SYNOPSIS...Financial stocks are generally the first casualty of rising interest rates. Citigroup's (C) chart has broken down from a broadening top and is likely to see lower levels in the days to come.
ARTICLE SYNOPSIS...The DJUA has formed a bearish wedge, so keep an eye out on this index.
ARTICLE SYNOPSIS...The Nasdaq composite broke down from a bearish head and shoulders pattern on both the daily and weekly pattern. It has returned from the upper end of its weekly range to continue trading in a consolidation range.