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.
ARTICLE SYNOPSIS...Traders often plot Fibonacci levels on their charts and some consider these levels important to trade around. Does this approach work, or is it just wishful thinking?
ARTICLE SYNOPSIS...After experiencing a volatile rally, Ford has moved back to the level of its previous congestion area, which is now the support area of the next rally.
ARTICLE SYNOPSIS...The Utility Select Sector SPDR has rallied toward its previous highs. Further upward movement seems under threat.
ARTICLE SYNOPSIS...The higher tops could not stop the Financial Select Sector SPDR from retracing back to the previous support level. The fresh bullish rally is likely to move with a depressed mood.