December 31, 2003

UPS and the ADX -- Ashwani Gujral

ADX is one of the indicators used to determine whether a stock is in a trend or not. This UPS example shows how to use the ADX along with chart patterns to enter high probability trades....(more)

December 30, 2003

General Electric Showing Downside Potential -- Gary Grosschadl

General Electric (GE) may be facing a downleg from here for several technical reasons....(more)

Gold's End-of-Year Glitter -- David Penn

As the head and shoulders top in $HUI disappears, higher prices for gold stocks emerge....(more)

December 29, 2003

Janus Breaks Out Of Short-Term Reversal Pattern -- Ashwani Gujral

Here is a good example of an inverse head & shoulders formation on the chart for Janus Capital Group (JNS)....(more)

How Now Fine Dow? -- Koos van der Merwe

What with a mad cow, an orange alert for possible terrorist attacks, and a winter that in some parts of the country has been far more trying than previous years, what else can go wrong with the market...(more)

Yahoo Consolidates Before Moving On -- Ashwani Gujral

If people thought the Internet stocks were dead and buried long ago, think again. Yahoo and Amazon are two stars rising from the rubble....(more)

Patterson-UTI Energy's Bullish Pennant Formation -- Kevin Hopson

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....(more)

December 23, 2003

Cisco Systems Bottoms Out Into A Basing Pattern -- Ashwani Gujral

Leaders of a previous bull market often get slaughtered in the subsequent bear market, and that is exactly what happened to technology stocks and to Cisco Systems....(more)

Nortel - Something To Look At? -- Koos van der Merwe

The period before Christmas, especially when Christmas falls on a week day, means days of low volume and much volatility as traders take profits before the long weekend, and mutual funds adjust their...(more)

Semiconductors Lead Nasdaq Bounce -- David Penn

The November double top caught the attention of bears. But bulls liked the positive stochastic divergence and rising MACD histogram....(more)

December 22, 2003

Tibco Software Diamond Bottom -- Matt Blackman

This stock was a high flyer in 2000 but if this pattern is any indication, there are better days on the horizon again for the company....(more)

December 19, 2003

TSX Energy Index At A Record High -- Gary Grosschadl

The Canadian Energy Index officially known as the S&P/TSX Capped Energy Index has broken through to a three year high....(more)

Are Oil Service Stocks Headed Higher? -- Kevin Hopson

Oil service stocks have broken out of a five-month trading range but is the rally for real?...(more)

December 18, 2003

U.S. Dollar Showing Signs Of Breaking Out North Of The Border -- Kevin Hopson

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?...(more)

Sears, Roebuck & Co. Tries A Bounce -- Gary Grosschadl

After a big downleg, this retailer appears ready for a bounce....(more)

Transport Trouble -- David Penn

The Dow Transports set a new high in December--barely. Now a bearish stochastic divergence, 2B test of top, and a mildly overbought market may force a test of support at the 50-day EMA....(more)

FedEx Fallout -- David Penn

A bearish divergence then, an island gap now ... FedEx looks lower....(more)

December 16, 2003

An Intraday Nasdaq Head And Shoulders Bottom -- David Penn

This bullish chart pattern suggests new 52-week highs in the Nasdaq in the near term....(more)

Broadcom Corporation Being Broadsided -- Gary Grosschadl

This tech stock is flirting with a major reversal pattern and may not evade a serious slide as it did last week....(more)

December 15, 2003

Cadence Design Systems' Bullish Flag -- David Penn

The bullish flag in Cadence Design (CDN) is another symbol of the rebound in software stocks....(more)

December 12, 2003

A Troubled Steel Company Attempts A Turnaround -- Gary Grosschadl

This beleagured Canadian company has a one year trading range of $4.85 - $0.93 and now tries to breakout of a trading range....(more)

The S&P 500 Looks Susceptible To A Breakdown -- Kevin Hopson

Though the S&P 500 has been resilient in recent months, the index is showing signs of vulnerability....(more)

December 11, 2003

Bombardier Gives Another Shorting Opportunity -- Gary Grosschadl

Canada's builder of planes, trains and recreational products is in the throes of completing a classic pattern - a head and shoulders top....(more)

More Signs Of A Market Top -- Matt Blackman

Insider selling continued at a brisk pace in November. The ratio of shares sold to purchased dropped slightly but overall sales were up significantly. There are other signs that the market may be at, ...(more)

Are Higher Interest Rates On The Horizon? -- Kevin Hopson

The Lehman 20+ Year Treasury Bond Fund (iShares) is showing signs of breaking down, which could signal higher interest rates down the road....(more)

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