April 13, 2004

Soybean Futures Ready For Long Consolidation? -- Ashwani Gujral

In bull runs traders and investors often forget about corrections and consolidations. A high ADX should caution traders not to buy at higher levels as a consolidation can happen at any time. Soybea...(more)

Yahoo! Maintains Uptrend On Their Weekly Chart -- Ashwani Gujral

Even in choppy markets certain stocks show strong uptrends. These are the stocks that create wealth for investors and traders. But care should be taken to buy them on declines....(more)

Insiders Continue To Trade Shares For Dollars -- Matt Blackman

Insiders continued to sell while the selling was good, unloading $3.5 billion worth of shares in March. While it was down from the extreme reading in February of $5.1 billion, selling outstripped buyi...(more)

April 12, 2004

Neckline Test For Morgan Stanley -- Arthur Hill

After a nice advance since March 2003, Morgan Stanley (MWD) is approaching a key retracement and appears to be at a critical juncture....(more)

April 09, 2004

Qualcomm Shows Strength While The Other Techs Stumble -- Ashwani Gujral

Qualcomm has formed a rounding bottom on a weekly basis and is making multi-year highs. It can be expected to head to the $88 level once $70 is taken out....(more)

Airlines Ready To Fly -- Arthur Hill

Despite an overshoot on the way down, the DJ Airline Index (DJUSAR) recovered just in time for a fairly normal retracement and price channel breakout....(more)

April 08, 2004

Devon Energy's Trading Range Breakout -- Kevin Hopson

Devon Energy has broken out of a bullish consolidation pattern, indicating higher prices ahead....(more)

Using An Inverted Put/Call Ratio To Trade The QQQs -- Koos van der Merwe

The Put/Call ratio is simply the number of put options contracts traded in a given day divided by the number of call options contracts traded that same day. The put volume divided by the call volume ...(more)

The Alternative Wave Count Cometh -- David Penn

What if the market topped in the first quarter of 2004?...(more)

Swiss Franc Futures Give Contrary Daily And Weekly Signals -- Ashwani Gujral

When the weekly and daily charts show contradictory signals, weekly patterns generally prevail. The Swiss Franc futures shows a bearish daily chart and an upward channel on the weekly chart. The fir...(more)

Two Wedges For Two Titans -- Arthur Hill

The current trend is bullish for both IBM and GE, but current patterns and retracements merit a close watch....(more)

Competing Patterns In The S&P Small Cap Index -- Arthur Hill

The S&P Small Cap Index ($SML) remains in a clear uptrend, but a reversal pattern could be taking shape....(more)

April 06, 2004

Citigroup Maintains Uptrend, Breaks Out Of Consolidation -- Ashwani Gujral

Markets are actually in sharp up or downtrends only 30% of the time. Seventy percent of the time, they are either in weak trends or "choppy," moving in a sideways consolidation. The US market seems t...(more)

Choice Point Breaks Resistance -- Arthur Hill

Good relative strength and a recent breakout point to higher prices for Choice Point Software (CPS) over the next few weeks....(more)

Ford Is Trucking Along -- Kevin Hopson

As expected, Ford Motor Co. put in a short-term bottom last month. However, given recent developments and continued pessimism towards the company, Ford could have much higher to go....(more)

The 10-Year Treasury's Hourly Head And Shoulders Top -- David Penn

How intraday technical analysis saw the collapse in Treasury notes....(more)

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)

...More Articles