April 29, 2008

National City Capitulation -- James Kupfer

With its recent price action, shares of NCC are right at a long-term support line that goes back to 1990....(more)

Big Bases -- Mike Carr, CMT

If the market continues higher, stocks that have formed large consolidation patterns should be among the biggest winners....(more)

When In Doubt, Stay Out -- Koos van der Merwe

An Elliott wave count of the Dow Jones Industrial Average suggests the worst is over, but what does the Standard & Poor's 100 say?
...(more)

Pulte Fails At The 200-Day Average -- Arthur Hill

Pulte Homes (PHM) failed to break long-term resistance, and a recent downturn in momentum opens the door to lower prices....(more)

April 22, 2008

RTH Risk/Reward Ratio Favorable -- Alan R. Northam

The Retail HOLDRS is up against its 200-day moving average and downward sloping trendline. This is an ideal place to take a short position in this ETF, as the risk to reward ratio is highly favorable....(more)

Dow Theory Buy Signal -- Mike Carr, CMT

Market action is bullish, according to this time-tested strategy....(more)

Using The News To Find Trades -- Mike Carr, CMT

Earnings releases and the biggest movers lists can highlight stocks ready to move....(more)

April 21, 2008

Biotechnology Index Crushed In Crucial Areas -- Chaitali Mohile

The pullback rally has turned sideways in between the two Fibonacci retracements levels for the biotech index. This support-resistance area is also intercepted by the moving average hurdle....(more)

Playing Oil With Petro Canada -- Koos van der Merwe

Petro Canada is a Canadian oil and gas company with International interests....(more)

The Fan Principle On The S&P 500 -- Ron Walker

The fan principle can be applied to corrective swings to help determine when an intermediate reaction has concluded. The breaking of the third fan line signals a reversal and that a new uptrend is abo...(more)

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....(more)

Research In Motion -- Koos van der Merwe

Is this a double top I see before me?...(more)

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....(more)

Cisco An Underperforming Stock -- Chaitali Mohile

Among the technology stocks, Cisco has been bitterly affected and could continue its bad performance during the downtrend....(more)

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....(more)

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....(more)

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?...(more)

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....(more)

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....(more)

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....(more)

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....(more)

LSI Breaks Flag Resistance -- Arthur Hill

After a Bollinger Band contraction, LSI broke rectangle resistance, signaling a continuation of the January surge....(more)

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...(more)

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....(more)

Has USO Peaked? -- James Kupfer

USO may be poised to form a double top....(more)

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....(more)

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...(more)

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