April 05, 2004

A Head And Shoulders Top For May Crude Oil? -- Kevin Hopson

May crude oil has been hitting new highs in recent months but the head and shoulders breakdown could indicate a correction in the near-term....(more)

Beleaguered Biovail (BVF.TO) May Be Close To Turning Higher -- Gary Grosschadl

This Ontario based pharmaceutical company has had its share of woes but the chart hints at a possible turn developing....(more)

TransGlobe Energy's Bullish Triangle Formation -- Kevin Hopson

TransGlobe Energy has seen its stock price appreciate significantly over the past eight months but the bullish consolidation pattern indicates even higher prices ahead....(more)

April 02, 2004

Dell Corrects In A Downward Channel -- Ashwani Gujral

Strong stocks tend to correct in sideways channels. Divergence in the MACD histogram and the stock price are a signal that the consolidation may be ending and the next move is likely to be a continuat...(more)

Ready To Rally? Ford Forms A Bullish Wedge -- Ashwani Gujral

Bullish wedges are corrections in an upmove. Often the price of a stock in such a correction will retrace to a major support level. From there a resumption of the uptrend may be expected. Ford has mad...(more)

Stocks And Bonds Start To Decouple -- Arthur Hill

Stocks and bonds have been moving in unison since late summer, but signs of strain are starting to appear in this "positive" relationship....(more)

Sandisk On The Verge Of A Breakout -- Arthur Hill

Sandisk (SNDK) held support in February and looks poised to break resistance, but low volume still haunts the stock....(more)

April 01, 2004

The Nikkei Outperforms World Markets -- Ashwani Gujral

The Nikkei broke out of the 11,000 level the last week of February 2004 and held that level, moving sideways throughout the correction in the global markets. It is now breaking out from a consolidatio...(more)

Software HOLDRS Forge Outside Reversal Week -- Arthur Hill

Despite a lower high and trendline break, the Software HOLDRS (SWH) found support with a weekly reversal to stave off a major trend change....(more)

March 31, 2004

Dow And S&P 500 Find Themselves In The Same Boat -- Kevin Hopson

Despite closing above their 10-day and 20-day moving averages, the Dow and S&P 500 have to take out further resistance if their short-term trends are going to reverse....(more)

Counting Off The Lows -- David Penn

With a minute wave "iv" low in late March, could higher prices in April be ahead?...(more)

March 30, 2004

What's Next For The Lehman Treasury Bond Fund? -- Kevin Hopson

The Lehman Treasury Bond Fund has ignored typical bearish patterns on the chart by continuing to move higher. However, there are some key price levels to watch in determining which direction the fund ...(more)

March 29, 2004

A Buying Opportunity For Marathon Oil -- Kevin Hopson

Overly pessimistic market sentiment could indicate an upcoming bottom reversal for Marathon Oil....(more)

Hello Ruby Tuesday -- Matt Blackman

This stock has been marching steadily higher since before this bull began. It has also been showing a regular cycle for those who know what to look for....(more)

Cisco Offers A Low Risk Buying Opportunity -- Ashwani Gujral

Cisco moved down sharply in the initial part of the recent correction and has been moving sideways since. As the indicators start showing divergence with price, it is likely that the bears are gettin...(more)

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

Higher prices sooner, lower prices later ... if the Elliott wave flat proves an accurate description of the recent moves in gold....(more)

Columbus McKinnon (CMCO) May Be Ready To Bounce -- Gary Grosschadl

This leading worldwide designer and manufacturer of material handling products has had a deeper correction than the overall markets and now appears ready to rebound....(more)

March 26, 2004

It's The Chart Stupid -- Arthur Hill

The media attributed the decline in U.S. stocks during the month of March to "security" issues. However, a look at Turkey and Pakistan suggests that the terrorist threat has little to do with stock pr...(more)

Crude Oil Moves Slowly And Surely Upwards -- Ashwani Gujral

Looking at their weekly chart, Crude Oil futures are ready to break out of a head and shoulder consolidation pattern. This consolidation occurred over the last four years and now seems headed toward...(more)

March 25, 2004

Is Gold Restarting Its Bull Run? -- Ashwani Gujral

Flags are often pauses in ongoing trends. They offer a good place for traders to book profits or enter into the trends. Is gold breaking out of one such weekly flag?

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Are Silver Futures Overheated? -- Ashwani Gujral

Silver is part of the precious metals sector currently in a long-term bull market. With all the uncertainity related to the equity markets and the global terror threat, it has had a vertical upmove i...(more)

Applied Materials Follows Intel Down -- Arthur Hill

The recent support break in Applied Materials (AMAT) confirms a bearish reversal as well as widespread weakness within the group....(more)

All Ords Looking Toppy -- Arthur Hill

The Australian All Ords Index ($AORD) has been one of the top performers over the last 12 months, but the index just met a major resistance level with slowing momentum....(more)

March 24, 2004

Corn Futures Looking For Another 33% Upside -- Ashwani Gujral

Corn futures have formed a rounding bottom over a period of eight years and are now breaking out. A sharp gain of 33% can be expected immediately if futures maintain over 2922....(more)

March 23, 2004

Selling Climax For Lockheed Martin -- Arthur Hill

Extensive selling pressure in Lockheed Martin (LMT) over the last few weeks smacks of capitulation, but the long-term trend is clearly down with a head and shoulders pattern looming....(more)

Gold Moving Toward Overhead Resistance -- Gary Grosschadl

Gold successfully bounced off $390 support and now has upside resistance to tackle....(more)

Where Technicals And Fundamentals Sing The Same Tune -- Matt Blackman

Technical signals are good and can often be used to anticipate future price movement. But when technicals and fundamentals agree, your probability for success goes up....(more)

Double Trouble For Applied Materials, Inc. -- Gary Grosschadl

Applied Materials, Inc. (AMAT) has moved below recent support and in doing so has violated two important thresholds....(more)

March 22, 2004

A Potential Downside Target For The S&P 500 -- Kevin Hopson

The S&P 500 Index looks to be headed lower in the near-term but when will the bleeding stop?...(more)

When Technicals And Fundamentals Tangle -- Matt Blackman

How many times have you seen a great technical pattern form only to watch it fall apart later? Often the reason is simple and knowing it can keep the savvy trader safe from harm....(more)

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