April 24, 2007
Bank Index Under Test -- Chaitali Mohile
$BKX is on moving average support but under previous high resistance. So although technical conditions on charts are positive, the resistance might change the picture....
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Tech Data Firms At Support -- Arthur Hill
Tech Data is firming at support, and traders should watch for a consolidation breakout to trigger the next signal....
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April 23, 2007
Which Way Will Nike Run? -- Gary Grosschadl
Nike Inc. has been in a rising pattern formation. Problem is, it's a bearish formation....
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XLB Edging Toward Breakout -- Chaitali Mohile
The materials sector has formed an ascending triangle. The high-volume breakout can lead to a new level of $42....
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April 20, 2007
BOSO And The S&P 500 Breakout -- David Penn
When does momentum really matter?...
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IBM Looks Vulnerable -- Arthur Hill
IBM has been lagging the market over the last few weeks, and the current advance looks like a bearish rising wedge....
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April 19, 2007
Mind The NASDAQ Gap -- Arthur Hill
The NASDAQ has been moving higher since mid-March, and the latest gap affirms this uptrend — provided it holds and does not turn into an exhaustion gap....
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CLFC Bottoming Out -- Chaitali Mohile
After correcting, Center Financial Corp. stops on its reliable supports....
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April 18, 2007
Bowne & Co. Comes Out Roaring -- Chaitali Mohile
BNE moves out of a long consolidation period with a huge increase in volume. Will this breakout lead to a bullish rally?...
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2B Test Of Bottom In The US Dollar-Swiss Franc -- David Penn
As the US dollar continues its slow-motion, spontaneous combustion before our very eyes, an important test against the Swiss franc looms....
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April 17, 2007
Bollinger Bands Tighten On UPS -- Arthur Hill
Trading has gotten quiet in United Parcel Service, and such periods often precede a sizable directional move....
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IGT Losing Strength -- Chaitali Mohile
International Game Tech plummeted, gapping down from its previous high at $48. A bearish moving average crossover further weakens the stock....
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April 16, 2007
Bear Hunting In The Canadian Currency -- David Penn
Looking for a long-term bear market that's showing signs of reversal? Try the USD/CAD currency pair....
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A Breakout For eBay -- Arthur Hill
Relative strength and a resistance breakout on good volume point to higher prices for eBay....
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Tech Stocks And A Distribution Phase -- Paolo Pezzutti
The money flow and the on-balance volume indicate that investors are cautious about investing in tech stocks after the selloff at the end of February....
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April 11, 2007
DGIT Reaches Target, Poised To Dip -- Chaitali Mohile
DG FastChannel has reached its target on a bullish wedge breakout and now is about to dip down.
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Momentum Sours At Children's Place -- Arthur Hill
Children's Place formed a triangle over the last few months, and the stock now looks poised for a breakdown and continuation lower....
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April 10, 2007
Greenbrier Cos. Remains In Downtrend -- Chaitali Mohile
The bearish flag keeps GBX in a downtrend. In addition, crucial supports are violated, confirming a continuing downward rally with a target of $19....
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Cutera Gaps In Bullish Rally -- Chaitali Mohile
The bullish rally was struck by a gap down, whipsawing many long trades.
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April 09, 2007
A Big Test For Microsoft -- Arthur Hill
Microsoft bounced recently, but a resistance test is at hand and the stock formed a potentially bearish wedge over the last few weeks....
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A Dead Cross For Bank Of America -- Arthur Hill
A breakdown in late February and a dead cross in late March are enough to turn medium-term bearish on Bank of America. This bodes ill for the biggest sector in the S&P 500....
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April 05, 2007
The Q's Hourly Double Bottom And Successful Test -- David Penn
March came in like a lion ... with a market bottom in tow....
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A Morphing Pattern For Continental Airlines -- Arthur Hill
Continental Airlines broke head & shoulders support in late February, but the decline is morphing into a falling wedge, and a break back above the neckline would be bullish....
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VIP Ready For A Bullish Rally -- Chaitali Mohile
Vimpel Communications is ready to resume a bullish rally....
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