March 01, 2004

A Possible Future Buy For Cisco Systems? -- Koos van der Merwe

It can be advantageous to combine various trading strategies. I often use the "Double Bottom" strategy to identify a possible stock set up, and then combine it with the JM trading band strategy to ge...(more)

TRAN Spotting -- Arthur Hill

The Dow Transports have underperformed the broader market over the last few weeks and the pattern over the last few months looks like a massive distribution....(more)

Johnson & Johnson Makes A Major Break -- Arthur Hill

After a multi-month base, Johnson & Johnson (JNJ) broke resistance and this broken resistance level provided the first key support test....(more)

Brocade Breakout? -- Matt Blackman

This one-time Internet high flyer is making a comeback. This round, it appears to be taking the slow but steady route....(more)

February 27, 2004

Kellogg Co. Shows A Head And Shoulders Bottom -- Ashwani Gujral

The head and shoulders formation is the most intuitive bottoming or topping out pattern. In it, the weaker of the bulls and bears prior to the pattern wins the post-pattern battle. On the strength of...(more)

Nortel Network's Longer-Term View -- Gary Grosschadl

Nortel has almost doubled in the last three months. After such a dramatic rise what are the downside and upside probabilities?...(more)

Bullish Or Bearish Pattern For The U.S. Dollar Index? -- Kevin Hopson

The U.S. Dollar Index has temporarily bottomed out but is the recent action indicative of a move higher?...(more)

Gold's 3-3-5 Flat -- David Penn

In Elliott wave analysis, a flat is a generally sideways moving price pattern--at least until the end....(more)

February 26, 2004

The Nasdaq's Failed Head And Shoulders Bottom -- David Penn

When a pattern breaks down, standing aside is one option. Taking the other side is another....(more)

Crude Oil's Bullish Consolidation Pattern -- Kevin Hopson

Crude oil prices have settled into a bullish trading range since early January, indicating the potential for higher prices ahead....(more)

February 24, 2004

Nasdaq 100 Moves Into Consolidation -- Ashwani Gujral

All rallies need a consolidation phase to build momentum for the next upmove. At least this is my conclusion based on the recent action on the Nasdaq 100. The Nasdaq 100 is likely to trade in a range...(more)

Dow Theory And Confirming The Transport's February Down Move -- David Penn

The Dow Averages continue to thrash about, neither able to confirm the moves of the other....(more)

February 23, 2004

MEMC Electronics' Complex Head & Shoulders Top -- Matt Blackman

Insiders have sold a whopping 170 million shares in this company in the last three months and their chart is forming a complex head & shoulders top signal. Coincidence?...(more)

The FTSE Bottoms Out On The Weekly Chart -- Ashwani Gujral

The FTSE is consolidating between 4360 and 4520. A breakout above 4520 could lead to 5000 for the FTSE in the medium-term. Indications are this could happen soon....(more)

End Of Day Trading With Double Bottoms -- Koos van der Merwe

On February 19, Traders.com published my article on the trading strategy "Buying At The Bottom." Below is a chart showing how to trade both long and short using this strategy....(more)

The CAC Breaks Out Of A Consolidation -- Ashwani Gujral

The CAC (French index) broke out of the 3720 level to target the next level of 3840. Most European indexes entered a consolidation before the Dow and are breaking out before the Dow completes its con...(more)

February 20, 2004

Don't Overpay For Ebay -- Gary Grosschadl

Ebay, Inc. (EBAY) has had an admirable rise in the last three months along with the overall indexes. Now however it is looking like it could be topping out with a classic double top pattern....(more)

Hollinger International Near Top Of Trajectory? -- Matt Blackman

The stock of the newspaper empire led by ex-CEO Conrad Black, has done very well since March and recent speculation of a sale has driven it higher. With legal troubles looming and Black on the hot sea...(more)

Nikkei Still Lagging -- Arthur Hill

Despite a big move last year, the Nikkei 225 remains in a long-term downtrend and is still underperforming the S&P 500. These indexes are quite similar as the Nikkei 225 represents large-caps in Japan...(more)

February 19, 2004

Buying At The Bottom -- Koos van der Merwe

Over the years, I have learned that the simplest strategies always give the best results. Here is a strategy that I read about recently that was so underemphasized, it almost slipped by me unnoticed....(more)

Home Starts, Homebuilders And Histograms -- David Penn

MACD histogram peaks near the 50-day moving average can be a bearish sign of things to come....(more)

First Health Back In The Pink? -- Matt Blackman

The stock took a dive around Halloween but it appears that investors may have overreacted to a make-believe ghost. Those with stronger nerve have been slowly but surely picking this one up and now the...(more)

Lehman Treasury Bond iShares Moving Higher -- Kevin Hopson

Even though shares of the Lehman 20+ Year Treasury Bond Fund continue to move higher, the longer-term picture still points to lower prices....(more)

Wal-Mart Forms Massive Consolidation -- Arthur Hill

After a big advance in the late 90s, Wal-Mart (WMT) formed a huge consolidation over the last four years. The direction of the break is likely to have long-term implications for the Dow and the rest o...(more)

February 17, 2004

XAU Gold Index Caught Between Support And Resistance -- Gary Grosschadl

This widely followed index of gold stocks finds itself at a level where the next move can go either way....(more)

Microsoft Trend Change -- Gary Grosschadl

Microsoft slid under its 200-day moving average on higher than average volume. That should send alarm bells ringing....(more)

Pessimism Grows Towards Integrated Oil Stocks -- Kevin Hopson

Though the AMEX Oil Index has appreciated roughly 45 percent over the past year, there are still signs of higher prices ahead....(more)

February 13, 2004

Dow Reaches Major Resistance -- Arthur Hill

There are resistance zones and then there are big resistance zones. After a 3288 point advance in less than a year (7417 to 10705), the Dow has reached a big resistance zone and further upside is goin...(more)

February 12, 2004

Transocean's Long-Term Channel Breakout -- Kevin Hopson

Transocean Inc. recently broke out of a long-term bottoming pattern, indicating significantly higher prices down the road....(more)

A Dilemma For Dell -- Gary Grosschadl

Dell may be toying with a head and shoulders top but for now it has gained the upper hand....(more)

Diamond Offshore Getting Ready To Blow? -- Matt Blackman

With a number of factors in its favor, not the least of which is upward pressure on oil prices, is this stock getting ready to break out?...(more)

Genuine Parts Breaks Out On Good Volume -- Arthur Hill

After a long consolidation, Genuine Parts (GPC) broke resistance to confirm a bullish continuation pattern....(more)

Confirmations And The January Highs -- David Penn

With the Transports' move down unconfirmed by the Industrials, will a rising Transports Average confirm the Industrials' rally above the January highs?...(more)

February 10, 2004

Insider Year-End Wrap -- Matt Blackman

Insider buying provides a great signal to follow when market conditions are right. Insider selling is less reliable. Here is the insider transaction year in review. It was very different than 2002. Wh...(more)

Retail HOLDERs Heading for Neckline Test -- Arthur Hill

The Retail HOLDRs (RTH) kept pace with the broader market from March to October, but the stock has faltered over the last three months. Volume is increasing on the downside and a potential head and sh...(more)

Telecom HOLDRs Take A Breather -- Arthur Hill

After being one of the worst performers over the last few years, the Telecom HOLDRs (TTH) sprang to life from late November to early January. The stock is now consolidating with a bullish continuation...(more)

Is Lucent Worth Watching? -- Koos van der Merwe

When Nortel broke out of its consolidation triangle (see "Nortel, Something To Look At?" December 23, 2003), the profits that were made on a buy signal were excellent. Is Lucent now offering the same ...(more)

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