January 31, 2008

A Pattern Completion For The Weekly Dow Chart -- Gary Grosschadl

When the DJIA plunged 2,000 points in four weeks, it fulfilled a topping pattern....(more)

A Major Breakdown For The DAX -- Arthur Hill

The German DAX Index held out longer than most, but finally succumbed to the bear with a breakdown and major trend reversal....(more)

Is The Airline Index Ready For Takeoff? -- Gary Grosschadl

The airline index plunged 50% in the past year. Now there are signs of a bottom....(more)

January 30, 2008

Short-Term Interest Rates And The Moon -- Mike Carr, CMT

An interesting lunar cycle has correctly forecast rate drops 10 out of 12 times in the past year.
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Betting On Financials -- Mike Carr, CMT

If the market continues higher, and the financials move with it, Washington Federal would be a smart way to play the rebound....(more)

An Island Reversal For Amgen -- Arthur Hill

After forming an island reversal on high volume, Amgen looks poised to break resistance and head higher....(more)

January 28, 2008

February Not The Best Time To Buy -- Mike Carr, CMT

Over the past 20 years, February has been a down month. While seasonals are just one indicator, they add to the bearish case in a down market.
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Have Long-Term Rates Bottomed? -- Mike Carr, CMT

With the Federal Reserve pushing down short-term rates, the bond market seems to be worried about inflation and is resisting the Fed's efforts on the long end of the yield curve.
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January 25, 2008

LaBranche Forming Bottom -- Chaitali Mohile

LaBranche is forming a base for a bullish rally....(more)

January 24, 2008

Bulls In CEDC Are Losing Their Hold -- Chaitali Mohile

The directional move in Central European Distribution Corp. is about to end on negative indicators, so a small bullish pattern may also undergo high volatility....(more)

Material Select Sector May Retest Other Supports -- Chaitali Mohile

After a symmetrical triangle breakdown, XLB is dragged below its initial support and may continue the decline....(more)

VIX Breakout Could Signal Further Market Weakness -- Kevin Hopson

Even though the VIX is finding resistance around last August's high, the recent pattern breakout could act as a catalyst for higher prices....(more)

Oversold Markets Can Stay Oversold -- Mike Carr, CMT

With momentum indicators oversold, isn't the market due for a bounce?...(more)

Ross Stores -- A Near Recession-Proof Stock -- Mike Carr, CMT

Whether the market goes up or down, Ross Stores offers potential gains with limited risk....(more)

January 23, 2008

With Financial Select Sector SPDR ETF, The Downtrend Continues -- Paolo Pezzutti

There are no indications of a reversal; bad news and the generally negative sentiment could bring prices excessively lower....(more)

US Dollar Index Perks Up -- Arthur Hill

After holding above its November low, the US Dollar Index looks poised for a run toward long-term resistance....(more)

Is The Wilshire 5000 Daily Index Giving Us Good News? -- Koos van der Merwe

A look at the divergence of the commodity channel index on the Wilshire 5000 is telling us something important....(more)

January 22, 2008

Hang Seng Makes A Descending Triangle -- Chaitali Mohile

The index broke away from the descending triangle with a gap down. The Hang Seng Index has immediate support that may prevent further fall, and the breakout may fail....(more)

MasterCard Firms At Support -- Arthur Hill

After a decline in the first two weeks of January, MasterCard became oversold and then firmed at support. Look for a range breakout to trigger a rally....(more)

Early Sign Of Lower Oil Prices? -- Mike Carr, CMT

A company supporting offshore drilling is breaking down, possibly signaling that lower oil prices lie ahead.
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Tough Times Ahead For The Dow, Updated -- Koos van der Merwe

My question for November 11, 2007: "Was last week the start of the meltdown?" Looks like it was....(more)

January 18, 2008

Is Continental Airlines Ready For Take-Off? -- Chaitali Mohile

The airline industry saw bullish days after the bullish reversal candlestick pattern, and Continental is also fueled....(more)

Forest Labs: Boring But Good Technicals -- Mike Carr, CMT

Forest Labs combines solid fundamentals in a defensive industry with technical reasons to buy.
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Altria -- Where There's Smoke, There's Fire -- Koos van der Merwe

Where there is smoke there must be a fire, and not smoke from a cigarette at that....(more)

January 17, 2008

Is Tanger Factory Outlets Another Short Squeeze Candidate? -- Matt Blackman

It's been a rough ride for markets and there will undoubtedly be more turbulence ahead. But here is a stock with excellent potential to rally when the inevitable bounce comes....(more)

Triple Bottom In Yahoo? -- Chaitali Mohile

Yahoo! is back on support, so the bounce may decide whether the formation is a triple bottom....(more)

Millennium Bucks The Market -- Arthur Hill

While the broader market falls apart, relative strength and good upside volume point to higher prices for Millennium Pharmaceuticals....(more)

January 16, 2008

Oilsands Quest Approaching Reversal Point? -- Kevin Hopson

The two-month downtrend may be coming to an end, as pitchfork analysis points to a possible reversal soon....(more)

Analyst Upgrades Aren't Always Buy Signals -- Mike Carr, CMT

When an analyst upgrades a stock, he or she is usually recognizing a company's improving fundamental conditions. Technicians can take short-term profits from recommendations by digging deeper....(more)

Amex Index Breaking Down -- Arthur Hill

The energy-intensive American Stock Exchange index has been a stellar performer over the last five years, but a recent breakdown on the daily charts points to a correction....(more)

January 14, 2008

A Big Double Top For FTSE -- Arthur Hill

The FTSE has gone nowhere for over a year and a big double top is taking shape. Waning momentum suggests that this pattern will soon be confirmed....(more)

Two Bullish Patterns For TXCO Resources -- Kevin Hopson

Bullish patterns on both the short-term and long-term charts could signal much higher prices for TXCO Resources....(more)

Apple -- A Market Leader At A Critical Level -- Mike Carr, CMT

Over the past year, shares of Apple doubled. With its stock price sitting right at a trendline, this market leader should be watched for clues on the short-term direction of the market....(more)

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