April 18, 2008
Two Diamonds For Autozone -- Arthur Hill
Autozone broke above diamond resistance on the daily chart, but faces stiffer resistance from an even bigger diamond on the weekly chart....
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Research In Motion -- Koos van der Merwe
Is this a double top I see before me?...
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April 17, 2008
QQQQ On Last Leg Up -- Alan R. Northam
QQQQ is now on its last leg upward of its ABC zigzag bear market corrective rally. Once the market correction has completed, look for the next lower price target for QQQQ to be around 24.77....
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Cisco An Underperforming Stock -- Chaitali Mohile
Among the technology stocks, Cisco has been bitterly affected and could continue its bad performance during the downtrend....
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NASDAQ Summation Index Hits Resistance -- Arthur Hill
The McClellan Summation Index for the NASDAQ hit resistance, and traders should watch for a moving average crossover to trigger a bearish signal....
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April 16, 2008
Could Transports Climb A Wall Of Worry? -- Mike Carr, CMT
With the news dominated by airlines entering bankruptcy and oil stubbornly clinging to record levels, this may be a good time for contrarians to look at transportation stocks....
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Revisiting Gold -- Mike Carr, CMT
With the International Monetary Fund deciding to sell more than 13 million ounces of gold, is now the time to take a short position?...
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April 14, 2008
Using Relative Strength To Avoid Losers -- Mike Carr, CMT
While Frontier Airlines surprised investors with a bankruptcy announcement, relative strength investors would have steered clear of this disaster in the making before then....
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April 11, 2008
Antrim Energy -- Koos van der Merwe
With the price of oil going up as the market slowly moves into the recession, oil companies are the obvious choice as investment/speculative vehicles....
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A Double Bottom For LUV -- Arthur Hill
Southwest Airlines formed a double bottom over the last few months, and further strength could forge the breakout needed to confirm this pattern....
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April 10, 2008
Arkansas Best Hits Resistance -- Arthur Hill
Arkansas Best has been a top performer in 2008 so far, but resistance is at hand and a bearish candlestick reversal could spell lower prices ahead....
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LSI Breaks Flag Resistance -- Arthur Hill
After a Bollinger Band contraction, LSI broke rectangle resistance, signaling a continuation of the January surge....
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April 09, 2008
The Nikkei's Technical Litmus Test? -- Ron Walker
As the Nikkei rises to test its down trendline, will it get a reversal at resistance? Or will prices break out? A technical litmus test should be applied to any breakout to determine if it is legitima...
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Is COCO Seeing A New Uptrend? -- Chaitali Mohile
Corinthian Colleges charts are showing a bearish reversal candlestick pattern and also illustrates the beginning of a new uptrend in terms of formations and trend indicator....
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Has USO Peaked? -- James Kupfer
USO may be poised to form a double top....
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April 08, 2008
LPNT Has A Dark Cloud Cover -- Chaitali Mohile
Lifepoint Hospital formed a dark cloud cover after a significant upward rally forming a rising wedge. These two bearish patterns may drag down the stock....
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Homebuilders Recovering? -- Alan R. Northam
According to an analysis using moving averages to determine the future direction, XHB is now in an established intermediate-term uptrend. However, based upon an analysis using Elliott wave rules and g...
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April 07, 2008
Apple Forms Stronger Base -- Chaitali Mohile
Before beginning the bullish rally, Apple Inc. formed a strong bottom. The surge shows positive signals from all indicators in the charts....
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General Electric's ADX Signals -- Ron Walker
The ADX triggered several great entry points on General Electric, but which one offered the best entry point for a short-term swing trade?
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April 04, 2008
Schering Plough Remains Bearish -- Chaitali Mohile
The huge gap down breakdown from a descending triangle has added a bearish force in Schering Plough. Even an oversold stochastic would be helpless to bring about a consistent upward rally....
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Relative Weakness For Juniper -- Arthur Hill
Juniper failed to bounce with the rest of the market in March, and a bearish head & shoulders pattern looks most ominous....
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April 03, 2008
Is General Electric A Good Buy? -- Chaitali Mohile
GE is offering a good trading opportunity, violating the resistance with a breakout and beginning a new uptrend....
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Manulife Financial As A Ray Of Light In The Darkness? -- Koos van der Merwe
How good is Manulife Financial?...
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Itron Forms Bullish Consolidation -- Arthur Hill
Itron remains in a long-term uptrend, and the recent consolidation looks like a resting period that will give way to an upside breakout....
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