May 12, 2004

Weekly Chart For Gold Shows Danger -- Gary Grosschadl

The price of gold violates a major pattern. Unless it bounces immediately, more downside is in store....(more)

Crude Oil Futures Break Out -- Ashwani Gujral

Crude oil has broken out of consolidation patterns both on the weekly and daily charts. Breakouts on two time frames simultaneously lead to powerful moves. One thing is sure: Crude oil has broken ou...(more)

May 11, 2004

Weakness In Steel Index Suggests Shorting Opportunities -- Luis Ferro

After a prolonged uptrend the Dow Jones Steel Index formed a double top pattern. A trend reversal seems to be the most likely outcome, but how do you take advantage of this situation? By looking throu...(more)

Amgen Breakdown Likely -- Ashwani Gujral

Amgen (AMGN) has formed a bearish descending triangle pattern on the weekly chart, very similar to the Nasdaq composite, while the daily chart seems to be consolidating. When two time frames support ...(more)

Canadian Dollar Futures Lead Bearishness In Commodities -- Ashwani Gujral

The Canadian dollar had shown bearish patterns long before the commodities started their downtrends. Canadian dollar futures have broken down from a head and shoulders pattern, indicating that commod...(more)

What The VIX Could Be Telling Us -- Kevin Hopson

Though pessimism is growing in the marketplace, the S&P 500 could see further weakness before putting in a temporary bottom....(more)

Nextel Partners Inc. Just Broke New Two Year High -- Steven Coffey

With price slightly above breakout point, this trade presents an excellent risk/reward ratio....(more)

Key Support For The AMEX Oil Index -- Kevin Hopson

Limited downside potential offers a good buying opportunity in integrated oil companies....(more)

May 10, 2004

What Now For Martha Stewart Living? -- Koos van der Merwe

Everyone knows who Martha Stewart is, and the legal problems she faces. Many investors took a gamble and bought shares of her company, Martha Stewart Living (MSO) when it fell dramatically to a low of...(more)

May 07, 2004

Sierra Wireless Inc. (SW.TO) Tries To Bounce -- Gary Grosschadl

A dramatic fall the past several weeks has cut the stock price in half and bargain hunting buyers could be stepping in....(more)

Alcoa Inc. In Trouble -- Gary Grosschadl

Alcoa, the dominant aluminum giant, has a heavy chart....(more)

May 06, 2004

Why the Rally in Starbucks May Not be Over -- Kevin Hopson

Starbucks' bullish trading range and "out-of-favor" status with Wall Street may indicate higher prices ahead....(more)

Median Line Support for Calpine Corp. -- Kevin Hopson

Median lines can act as good reversal points, as illustrated by Calpine Corp....(more)

May 05, 2004

Nasdaq Forms Large Distribution -- Arthur Hill

After a strong finish in March, the Nasdaq Composite fell apart in April and a large reversal pattern is taking shape....(more)

May 04, 2004

A Look At The Dow -- Gary Grosschadl

The Dow has come down 500 points from last February. What's the current outlook?...(more)

A Megaphone Top For Anadarko Petroleum? -- Kevin Hopson

Anadarko Petroleum's broadening triangle formation indicates a potential forthcoming top in the stock price....(more)

Dow Utilities Form Massive Wedge -- Arthur Hill

With the prospects of higher interest rates down the road, it is little surprise that the Dow Utilities are forming a potentially bearish pattern with waning upside momentum....(more)

April 30, 2004

A Triangle On The U.S. Dollar Index Futures: Will It Flatter Or Deceive? -- Ashwani Gujral

The U.S. Dollar is perhaps the instrument most directly affecteted by an actual hike or indications of a hike in U.S. interest rates. The U.S. Dollar Index Futures chart is showing that traders expec...(more)

S&P 500 Index Testing Key Support -- Kevin Hopson

The S&P 500 Index has pulled back to significant support, which may provide a good buying opportunity in the near-term....(more)

Bullish Shakeout Pattern For Gold? -- Kevin Hopson

Gold's recent sell signal could actually be a reason to buy....(more)

April 29, 2004

RIG Returns To Resistance Break -- Arthur Hill

Transocean (RIG), a world leader in offshore drilling, broke major resistance in January and the current pullback looks like a classic throwback....(more)

Applying Bollinger Bands To Albertson's Inc. -- Luis Ferro

Bollinger Bands are highly flexible instruments and can be used in the forecasting of different aspects of market behavior....(more)

A Daily Chart Of The S&P 100 Index -- Koos van der Merwe

On April 22nd I presented an article "Gann, Elliott and the Dow Revisited." In it I argued that for the long-term, the trend is bearish, but for the short-term it could be bullish. Here is a chart of ...(more)

Semi's Drag Nasdaq Lower -- Arthur Hill

The Nasdaq broke above 2040 with a surge on high volume, but lack of help from the semiconductor group is weighing....(more)

April 27, 2004

Silver Breaks Down After A Vertical Rally -- Ashwani Gujral

Words from Alan Greenspan can often make or break a market. Silver has again proven this to be the case. Silver leads the commodity tailspin. But were there warnings of this crash?...(more)

Using The Lower Low Strategy Plus Volume -- Koos van der Merwe

Finding a share out of the many thousands listed on the exchanges that could be a profitable trade is a matter of determining a trading strategy to use. There are many out there, and I have written a ...(more)

April 26, 2004

Island Reversal In Yen Futures -- Luis Ferro

The yen has displayed volatile behavior lately, leading to the formation of two consecutive island reversals. While the short-term forecast is bearish, the long-term uptrend should still be considered...(more)

A Short-Term Bear Rally For Newmont Mining? -- Kevin Hopson

Newmont Mining has rebounded off of this month's lows but will likely make one final move to the downside before the short-term downtrend reverses....(more)

Gold Moves Sideways, May Be Distributing -- Ashwani Gujral

Except in extraordinary cases, tops and bottoms take time to form. This is because large traders and investors tend to distribute their holdings to retail traders just when these retail traders expec...(more)

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