February 09, 2004

CNET Breaks Out To New 52-Week Highs -- Ashwani Gujral

Stocks breaking out of consolidation or continuation patterns are always the surest trades. In this example, CNET breaks out of a flag pattern on very heavy volume to hit new 52-week highs....(more)

Insider Update -- Matt Blackman

Insiders continue to unload in January....(more)

Bullish Divergences For Newmont Mining Corp. -- Kevin Hopson

Newmont Mining Corp. (NEM) has pulled back roughly 20 percent over the past month but there are signs of the short-term downtrend reversing....(more)

Boeing Looks Toppy -- Gary Grosschadl

Boeing (BA) has bounced a few days ahead of the airline index and now finds itself challenging a previous top....(more)

February 06, 2004

Best Buy Leading Retail Lower -- Arthur Hill

Best Buy (BBY), an important retailer and cyclical stock, led the market higher in 2003, but the early signals in 2004 point to weakness that could extend into the industry and sector....(more)

Opportunity In The Networking Sector -- Ashwani Gujral

The Networking sector is undergoing a correction after a huge rally to the upside. This correction is happening on a bullish falling wedge pattern....(more)

February 05, 2004

Is Gold Ready To Test New Highs? -- Koos van der Merwe

The AMEX Gold BUGS Index says it is....(more)

Nasdaq Headed For A Pattern Test -- Gary Grosschadl

Is the party over or is this a normal and healthy correction for the tech index?...(more)

Dow Theory Divergences -- David Penn

As the Transports plunge toward multi-month lows, what happens if the Industrials fail to follow suit?...(more)

February 03, 2004

The Dollar Firms Up And Gold Melts -- Ashwani Gujral

The U.S. interest rate scenario has a profound effect on the U.S. dollar as well as gold. As the Fed changed a couple of words in its policy statement, the effect on the charts is clearly visible. W...(more)

Ameristar Casinos Inc. Breaks Out -- Gary Grosschadl

ASCA breaks into an 18-month high....(more)

Another Bullish Holding Pattern For ExxonMobil? -- Kevin Hopson

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 nea...(more)

February 02, 2004

GM Giving Early Market Warning? -- Matt Blackman

The four-month rule relies on the premise that what is good for GM is good for America. It also says that GM leads the market down at market tops. Are we at one now?...(more)

Buying Into The Nasdaq On A Dip -- Ashwani Gujral

One of the key elements of swing trading and the lowest risk method of trading is buying on a retracement to the main trend. The Nasdaq composite has been correcting for the last few days -- at which...(more)

Bearish Failure Swing For The Dow -- Arthur Hill

The Dow suffered its largest two-day decline since 26-Sept and a key momentum oscillator flashed a sell signal. Even though the near-term outlook is cloudy, any decline from current levels would still...(more)

Are Natural Gas Prices Ready To Move Higher Again? -- Kevin Hopson

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....(more)

January 30, 2004

Reckless Bonds -- Arthur Hill

The iShares 20-Year Treasury Fund (TLT) has turned violent over the last few months as bulls and bears slug it out for control. The medium-term trend is up, but the this appears to be a corrective mov...(more)

A Break Of Trendline Support For Magnum Hunter Resources? -- Kevin Hopson

Magnum Hunter Resources looks to have breached last July's uptrend line but a further pullback could represent a good buying opportunity....(more)

January 29, 2004

Precious Metals Turn Up -- David Penn

Tick ups in the MACD histogram and upward "buy hooks" in the stochastic oscillator point to higher prices for silver and gold in the near-term....(more)

MEDI and the MACD -- David Penn

The MACD histogram can be an effective tool in spotting short opportunities as well as longs....(more)

Gold Cycle Revisited -- Koos van der Merwe

On June 18, 2003 I presented a daily chart of the London PM Gold cycle with observations. Has gold stuck to that cycle?...(more)

January 27, 2004

RJR Tobacco Holders - Is That Smoke? -- Matt Blackman

They say where there is smoke, there is fire and this one could be getting out of hand....(more)

January 26, 2004

Has Sunopta Optimized Its Place In The Sun? -- Koos van der Merwe

Sunopta Inc. operates in three principal businesses: natural and organic food product sourcing, processing, and packaging; processing, distribution and recycling of environmentally responsible aggrega...(more)

Novellus Underperforms Nasdaq -- Arthur Hill

Novellus (NVLS), an integral part of the semiconductor group, has doubled since its Oct-02 lows, but has actually underperformed the Nasdaq since Nov-02. A little underperformance is negligible, howev...(more)

Ciena Signals A Continuation Higher -- Arthur Hill

While the Nasdaqs are trading well above their January 2003 highs, Ciena (CIEN) has struggled most of 2003 and only recently moved above its January 2003 reaction high. The stock forged a 52-week high...(more)

January 23, 2004

The Euro Pullback -- David Penn

The dollar strenghening, gold slipping ... euro bulls have seen this act before....(more)

Dundee Precious Metals Inc. And The ABCs of Elliott Wave -- Koos van der Merwe

Precious metals: To buy or not to buy -- that is the question. A look at this chart may give you the answer....(more)

Big Breakouts In Little Triangles -- David Penn

One tenet of swing trading suggests taking big gains as soon as you get them. The recent action in Rf Microdevices, Inc. (RFMD) is one example why....(more)

Corning Moves Up Sharply -- Ashwani Gujral

Corning has a failed daily head and shoulder pattern, but has a successful bullish flag breakout on the weekly chart. This example underlines the need to examine evidence across time frames and indic...(more)

January 22, 2004

When GE Bottoms Out, It Bodes Well For The Market -- Ashwani Gujral

GE broke out of weekly head and shoulders pattern and is now heading towards $44. When GE, a heavyweight on market indexes, bottoms out and breaks out into a new 52-week high, the entire market is st...(more)

Tyco International Breaks Higher -- Gary Grosschadl

Seemingly in sympathy with the overall markets, Tyco makes a move higher. What is the upside?...(more)

Has Pfizer Fizzled? -- Gary Grosschadl

Pfizer (PFE) has come off its recent peak. Is this the start of a bigger downleg or just a normal correction?...(more)

Bullish Signs Abound For The Oil Services Index -- Kevin Hopson

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....(more)

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