March 15, 2004

No Fun In Toyland -- Arthur Hill

Both Mattel (MAT) and the Dow Jones Toy Index broke important support levels to signal a continuation lower....(more)

The Nasdaq: A Tough Call -- Koos van der Merwe

"Further, of bearish importance is that the Nasdaq has itself failed for the second time at a level below the previous top, while making new and lower lows. Bull markets make higher highs and higher l...(more)

March 12, 2004

Squeeze, Pop Goes The S&P -- Matt Blackman

For those who have been following volatility using Bollinger Bands, an interesting thing happened to the S&P500. . ....(more)

OTC Cousin Leads Nikkei 225 -- Arthur Hill

The Nikkei 225 was profiled on February 18, with a potential head and shoulders brewing. Now that the index broke above neckline resistance, it is time to consider what it would take to prove the brea...(more)

Stochastic Divergences, Diamonds And Elliott Waves -- David Penn

Once again, a positive stochastic divergence suggests a low in the S&P 500....(more)

March 11, 2004

Ruby Tuesday Back In A Trend -- Ashwani Gujral

Ruby Tuesday had been consolidating for over three months and recently broke to the upside. The ADX has started rising after being below both the +DI and -DI. This indicates that the stock is going t...(more)

Broadcom Corp. Looking Bearish -- Gary Grosschadl

Broadcom enjoyed a two month gain taking it from $34 to $44. Since then it has consolidated in a recognizable pattern....(more)

Air Freight And Dow Transports -- Arthur Hill

Dominated by FedEx (FDX), the Dow Jones Air Freight Index could hold the key to the Dow Transports over the next few weeks....(more)

Are Utility Stocks Headed Even Higher? -- Kevin Hopson

The Utilities Holders recently broke out of a bullish trading range, indicating the potential for higher prices. Could this be true in light of the Dow's recent breakdown?...(more)

Insiders Aren't Buying The Bull... -- Matt Blackman

Insider selling hit another extreme level in February. If we are in a long-term bull market, insiders aren't buying it....(more)

March 09, 2004

Evergreen Resources' Bullish Triangle Formation -- Kevin Hopson

Evergreen's bullish consolidation pattern and pessimistic market sentiment could indicate a further move to the upside....(more)

Siebel Systems Inc. Shows Trend Change -- Gary Grosschadl

Has this high tech favorite topped out or is it reloading for another run?...(more)

Temporary Triangle Trouble In The Hourly S&P 500 -- David Penn

A symmetrical triangle in the hourly S&P 500 suggests higher volatility in the near-term. But is direction a complete unknown?...(more)

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)

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