April 16, 2004

Is Coffee Percolating Higher? -- David Penn

If coffee futures hold support at 6930, then a third wave of much higher prices could be right around the corner....(more)

Yahoo!? Now Hold On Just A Minute -- Matt Blackman

Yahoo gapped up 14% from $48.35 to close at $56.21 in the wake of better than expected earnings. But this looks like a better short than long candidate and proof that markets are more emotional than e...(more)

2K Market Deja Vu - Good News, Bad Action -- Matt Blackman

How markets interpret news tells much about underlying investor sentiment. Bull markets ignore bad news. Bear markets ignore good news. It appears that of late, we may have fallen back into the latter...(more)

An Early Trend Failure For Gold Or A Bounce Setting Up? -- Gary Grosschadl

Traders who anticipated the likelihood of a possible double top move towards the troughline test were rewarded....(more)

State Street Forms Large Head And Shoulders Reversal -- Arthur Hill

With the prospects of higher interest rates on the horizon, key banking stocks like State Street (STT) could come under selling pressure....(more)

April 15, 2004

Infospace Gains Momentum -- Ashwani Gujral

Infospace has completed a head and shoulder bottom formed over the last two years and broken out to the upside. The target could be $50, with further upside possible.

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eMAGIN Corporation.... Not That Imaginary -- Koos van der Merwe

In today's market, with the liberation and occupation of Iraq affecting the market adversely, it is not easy finding a company that looks interesting as far as good profits are concerned. Here is one ...(more)

Fuelcell Energy's Bullish Triangle Breakout -- Kevin Hopson

Fuelcell Energy recently broke out of a large bullish triangle formation, indicating much higher prices down the road....(more)

Lehman Treasury Bond Fund Finally Breaks Down -- Kevin Hopson

The Lehman Treasury Bond Fund was recently turned back at a key resistance level, confirming a significant top in prices....(more)

Alcoa Drags Materials Lower -- Arthur Hill

Even though Dow and Dupont are the two biggest components of the Materials SPDR (XLB), recent weakness in Alcoa (AA) is pulling the sector lower....(more)

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)

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