April 07, 2005
Telecom's Time To Shine? -- David Penn
A piercing pattern, a positive stochastic divergence ... could the much-loathed telecommunications stocks be among the first to move higher in April?...
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Dow Point & Figure Chart Still In Bull Mode -- Arthur Hill
Despite the decline over the last few weeks, the Dow Jones industrials remains in a clear uptrend on the P&F chart with support close at hand....
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Wet Seal Pushes Higher -- Gary Grosschadl
This specialty apparel maker has broken out of two consolidation ranges. What are the upside targets?...
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April 06, 2005
Lehman Bond Fund Puts In A Bottom -- Kevin Hopson
The short-term downtrend has been broken, but resistance is standing in the way....
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The S&P 500's 30-Minute Head And Shoulders Bottom -- David Penn
Did somebody say "bottom"?! The head and shoulders formation in the 30-minute S&P 500 might be the bulls' best bet on an end to the March declines....
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The Kuala Lumpur Composite Enters Big Support Zone -- Arthur Hill
After a sharp decline in the last two to three months, a few chart signals have come together to suggest support for the Kuala Lumpur SE Composite....
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April 05, 2005
Dow Transports Testing Key Support -- Arthur Hill
The Dow transports show good relative strength and recently formed a potentially bullish pattern....
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Crude's 2B Top Comes To The Dailies -- David Penn
The bearish reversal pattern that appeared on crude oil's weekly chart is now making an appearance on the daily chart....
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Diamonds And Divergences -- David Penn
Once again, stochastic divergences help anticipate the direction of a chart pattern breakout....
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April 04, 2005
Another Low, Another Punk Divergence -- David Penn
The January lows held as the markets fell on April 1. But who were the markets making a fool of?...
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An Update On Talisman Energy -- Kevin Hopson
Talisman Energy is bumping up against downtrend resistance once again....
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US Dollar Index Nears Moment Of Truth -- Arthur Hill
The US Dollar Index has firmed over the last few months, but has yet to provide the spark needed to change the long-term downtrend....
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April 01, 2005
Cotton Comes Down -- David Penn
A 2B top anticipates a reversal in cotton futures....
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Will Bed & Bath Move Beyond? -- Gary Grosschadl
If Bed Bath & Beyond breaks past its symmetrical triangle, a larger move can evolve....
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March 31, 2005
Nasdaq And Elliott -- Koos van der Merwe
The year 2005 should be a positive year, or so says the statistics since 1885. Not so, says a Nasdaq wave count....
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Crosscurrents In The S&P 500 -- David Penn
Is it "down for the upstroke" time for the S&P 500?...
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March 29, 2005
Can The Utilities Hold Up? -- David Penn
As a head and shoulders top threatens the utilities HOLDRS, are utilities stocks experiencing a Hound of the Baskervilles moment?...
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Merck Holds Firm In The Face Of Market Weakness -- Arthur Hill
Merck is battling back with a triangle breakout and a consolidation near resistance....
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March 28, 2005
Does Bad News Have Wings? Bears & Crows Eyeing DJIA -- Gary Grosschadl
A candlestick warning of three black crows reminds traders of two bearish patterns evolving for the DJIA....
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Long-Term Volatility Pattern A Concern -- Kevin Hopson
Key resistance levels are holding for the volatility index, but the long-term pattern indicates an eventual breakout....
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NYSE Breadth Deteriorates Fast -- Arthur Hill
Even though the NYSE Composite index is holding above its January 2005 low, relative weakness in a key breadth indicator could spell trouble....
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Will A Head And Shoulders Top Stop The Bean Meal Bull? -- David Penn
Two-thirds of the way through a reversal pattern, May meal develops a running negative stochastic divergence....
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March 25, 2005
Small Caps Lagging Large Caps -- Arthur Hill
The small-cap dominated Russell 2000 index, which started underperforming the S&P 500 in December, looks ripe for further downside....
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The 10-Year Note's Temporary Top -- David Penn
The rally in the 10-year Treasury note yield nears its second month amid growing negative stochastic divergences....
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Crude's High Altitude 2B Top -- David Penn
Are we closer to a top in crude oil than we think?...
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March 24, 2005
The S&P 500's Intraday Diamond -- David Penn
Bulls jump up to get beat down as an early breakout to the upside leads to a late afternoon market meltdown....
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Land Of The Falling Yen -- Arthur Hill
Even though the big trend remains up, a recent rising flag support break points to further weakness for the yen/US dollar....
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MSO: At A Low? -- Koos van der Merwe
Go directly to jail. Do not pass go. Do not collect $200. So says the game Monopoly, but Martha Stewart proved otherwise. The share price of MSO rose strongly, and Stewart herself collected far more t...
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March 23, 2005
Gold Bounce Halted By Pitchfork Resistance -- Gary Grosschadl
The Philadelphia Gold & Silver Index was enjoying an upleg until it ran into overhead resistance best shown on a pitchfork chart....
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Higher Prices Could Prevail For Talisman Energy -- Kevin Hopson
The stock has met its initial price target based on January's trading range breakout. Does this mean a second price target will come into play?...
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Dell Reaches Critical Support -- Gary Grosschadl
This Dell daily chart depicts a large symmetrical triangle that is a neutral pattern until it breaks....
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