March 10, 2009
Coils & Ledges Patterns -- Austin Passamonte
Known by many names, price action coiled sideways in clear fashion are powerful setups from which to trade. Practically all markets form ledges and coils on all time frames, but the lesser volatile th...
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Retail HOLDRS Range-Bound -- Ron Walker
The next rally in the retail HOLDRS may have been signaled when prices crash-landed into the support made last November. If this level of support continues to hold, RTH may begin a run back to its key...
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March 09, 2009
Gold Rolling Over -- James Kupfer
Gold has potentially put in an intermediate-term top....
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Intraday Flags, Pennants, & Wedges -- Austin Passamonte
Skilled traders recognize the basic price pattern on their charts. Repeated sequences of price bars in distinct pattern formation are merely human emotions of fear & greed measured with real money at ...
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March 06, 2009
Gold Turns Down -- Alan R. Northam
GLD made a bull market top in March 2008. Since then, GLD has been consolidating its gain from its 1999 runup. The target price for the completion of the consolidation in GLD is calculated at $66.
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Measuring Your Trading Temperament -- Donald W. Pendergast, Jr.
A well-tested trading system can help make the decision making process less stressful, but every trader needs to determine his or her tolerance for risk and drawdown before committing to a mechanical ...
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Money Flows Improving For Natural Gas -- Donald W. Pendergast, Jr.
When will natural gas finally find a solid floor? Money flow analysis may offer some clues....
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Is The A-B Base What The Bottom Will Look Like? -- Koos van der Merwe
Is this A-B base the future market bottom picture?...
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The Dow(n) Channel -- James Kupfer
The Dow Jones Industrial Average has formed a very steep downsloping channel....
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Range Resources Triangle -- James Kupfer
Range Resources is worth watching for a potential breakout....
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March 05, 2009
A Major Low Soon For Altria And The .NYA? -- Donald W. Pendergast, Jr.
Is the broad US market in a free fall, or are there some indications that a major low may be approaching?...
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Evening Star Patterns In Light Crude? -- Chaitali Mohile
The Light-Crude Oil Index is likely to lose its past week's gains under the bearish shadows....
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Verizon Communications On A Downward Track -- Chaitali Mohile
Verizon Communications consolidated after its head & shoulders bearish breakout. The stock is likely to resume its breakout journey and may open good short-selling opportunities....
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March 03, 2009
More Downside Likely For Home Depot -- Donald W. Pendergast, Jr.
Home Depot, a well-known Dow Jones 30 component, appears to have some more downside potential....
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March 02, 2009
Dow 6000? -- Mike Carr, CMT
Technical patterns indicate the next 1,000 points on the Dow Jones Industrial Average is more likely to be down than up....
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February 27, 2009
How Low Can The Dow Go? -- Alan R. Northam
The Dow Jones Industrial Average has now moved below its November 2008 low. How low can the Dow go?...
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FCX Vertical Credit Spread Op -- Donald W. Pendergast, Jr.
After staging a recovery rally, FCX appears to have stalled and begun to roll over. Here's a possible option credit spread designed to take advantage of this stock's current weakness....
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Will It Be Different This Time For GMP Capital Trust? -- Koos van der Merwe
The rule is that the higher the yield, the riskier the bet....
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Oil All Dried Up? -- James Kupfer
Shares of USO may be breaking out of a Fibonacci fan pattern....
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Spotting Tomorrow's Leaders -- Mike Carr, CMT
As the market trades near key support, relative strength can show us where to look for potential winners if the market turns higher....
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Being A Contrarian -- Koos van der Merwe
One of the three finalists of the CNBC Million Dollar trading competition was a contrarian....
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Fidelity Sector Funds Leaders And Laggards -- Donald W. Pendergast, Jr.
Comparing the track records of the Fidelity Select Sector funds on a short-, intermediate-, and long-term basis may help identify industry group rotations....
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February 26, 2009
ViaSat Is Retesting Resistance -- Chaitali Mohile
ViaSat has broken the long-term symmetrical triangle in a bearish direction....
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Gold Breaking Out From Weekly Flag -- Donald W. Pendergast, Jr.
Gold's corrective move may finally be over, and a bullish breakout from its weekly flag pattern may imply substantially higher prices....
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Health Care Index Declines -- Chaitali Mohile
The reversal patterns are likely to drag down the Health Care Index to the immediate support level. Is the correction only a reaction to bearish formations?...
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February 25, 2009
Is CPLA Ready For Breakout? -- Chaitali Mohile
Capella Education is consolidating at the nearest support. Can the stock weather the storm and breakout?...
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Financial Sector Leads Broader Stock Market -- Alan R. Northam
There are many ways to determine if the stock market is at or near a major market bottom. One way is by looking at the financial sector. Turns in the financial sector normally lead turns in the broade...
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Is Gold Losing Its Luster? -- James Kupfer
Gold has been on a tear recently. Where are the primary resistance points?...
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February 20, 2009
Crude Oil Triple Bottom Close To Completion? -- Donald W. Pendergast, Jr.
Can it be? Is the developing triple-bottom pattern on the crude oil daily chart for real? If so, how far might crude prices rise?...
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New Lows Approaching? -- James Kupfer
Where in support should the Dow Jones 30 break the November 2008 lows?...
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Cigna's High Relative Strength -- Donald W. Pendergast, Jr.
Cigna Corp. has one of the highest 13-week relative strength rankings versus the Standard & Poor's 500. Is there an opportunity here for traders or investors?...
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February 19, 2009
Stillwater Mining Still Looking Strong -- Donald W. Pendergast, Jr.
Stillwater Mining, despite having been pummeled in the great selloff of 2008, is manifesting positive money flow and trend characteristics....
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Volatility Dominant Theme In Stocks -- Mike Carr, CMT
The market may be setting up for a period of consolidation.
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BWLD Has Surged -- Chaitali Mohile
Buffalo Wild Wings has violated the upper Bollinger band with the huge gap-up breakout. The Bollinger band is one of the reliable technical tools that can be used to identify the trading directions an...
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