March 08, 2004

The Canadian Dollar Topping Out -- Ashwani Gujral

A head and shoulders pattern is a very powerful accumulation and distribution pattern. The Canadian dollar futures are showing just such a distribution pattern, both on the daily and weekly chart. T...(more)

A "Watch" For Cardiome Pharma Corporation -- Koos van der Merwe

Putting it all together, I've written a case study of Cardiome Pharma Corp. (COM-T) using a number of my previously explained stock strategies and come up with a "watch me" rating for this stock....(more)

The Triangle In Ten-Year Yields -- David Penn

As the homebuilders' index breaks out on the upside, are yields on ten-year notes headed lower?...(more)

Bud Bubbles Over -- Arthur Hill

Anheuser Busch (BUD) is one of the leading stocks in the Consumer Staples sector and the recent breakout speaks volumes on the state of the overall market....(more)

March 05, 2004

A Developing Bottom For Ford Motor Co.? -- Kevin Hopson

Analysts and investors have been betting against Ford Motor Co. in recent months but don't let the negative sentiment fool you....(more)

Misleading Divergences In The S&P SmallCap Index -- Arthur Hill

When the trend is strong and up, bearish divergences in MACD and other momentum oscillators are often misleading....(more)

March 04, 2004

Euro Pain, Dollar Gain, Gold Disdain -- Gary Grosschadl

Things heat up in this ever-present love triangle....(more)

Platinum Futures Break Out Ahead Of The Pack -- Ashwani Gujral

Platinum futures have broken out of a consolidation pattern while their more illustrious cousins gold and silver continue to consolidate. Breakouts of stocks and commodities in the same sector should...(more)

Intel Turns Bearish -- Arthur Hill

In an ominous sign for the semi-conductor group and Nasdaq, Intel (INTC) broke double top support and the trend has turned bearish....(more)

March 02, 2004

XTO Energy's Inverse Head And Shoulders Breakout -- Kevin Hopson

Though some traders may have considered the recent triple top in XTO Energy as being negative, pattern watchers would have recognized the true upside potential of the stock....(more)

Enzon Pharmaceuticals Bottoming Out? -- Matt Blackman

From the slow but steady build in stock price, it appears that something is in the wind. Whether it is the potential launch of a new product or other positive corporate news, this could be an interest...(more)

Is March The Month For Higher Dow Highs? -- David Penn

If both the Industrials and Transports take out their February highs, then the bull market will be confirmed once again....(more)

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)

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