May 21, 2004

The May Count -- David Penn

With a minute ii wave peak in late April, look for the current decline in the S&P 500 to bottom near 1045....(more)

Euro Index Enters Reversal Zone -- Arthur Hill

Despite a decline over the last few months, the Euro Index ($XEU) remains in a long-term uptrend and is trading in a potential reversal zone....(more)

May 20, 2004

Citigroup Breaks Down From A Broadening Top -- Ashwani Gujral

Financial stocks are generally the first casualty of rising interest rates. Citigroup's (C) chart has broken down from a broadening top and is likely to see lower levels in the days to come....(more)

British Pound Futures Break Down -- Ashwani Gujral

Most currencies are getting weaker as the U.S. dollar strengthens. British Pound futures broke down from a bearish head and shoulders top and the downtrend is likely to gather steam....(more)

Pharmaceutical Resources Bottoming Out -- Steven Coffey

After completing a 6-month retracement in a long-term uptrend, Pharmaceutical Resources (PRX) now appears ready to resume its upward movement....(more)

NYMEX Natural Gas -- Jason Braswell

Gas bottomed out at $5.06 a few months back and is currently trading in the mid $6 range. It looks like gas may have topped out, but where will it go?...(more)

May 19, 2004

Canadian Telecomunications Giant Looks Topped Out -- Gary Grosschadl

TELUS Corp., the largest telecommunications company in Western Canada and the second largest in the country is looking very top heavy....(more)

German DAX Index Forms Double Top Near Key Retracement -- Arthur Hill

After almost doubling since Mar-03, the German DAX Index ran into a wall of resistance and formed a potential bearish reversal pattern....(more)

May 18, 2004

India Fund Breaks Down - Is It Because Of Election Results? -- Ashwani Gujral

Most people think that the Indian market went through a crash because the government expected to come to power lost their elections, but technical charts show a different picture....(more)

May 17, 2004

Aberdene Mines Ltd. Poised For A Topple -- Steven Coffey

Back in early December 2003, Aberdene Mines Ltd. (ABRM) was selling for less than $.50 per share. In just six months, this stock has rocketed to close on Thursday at $4.24. Now it seems to be toppin...(more)

Siebel Systems' Bearish Slide -- Gary Grosschadl

In less than five months, this former high tech favourite has fallen from a $16 to $10. Where is it headed now?...(more)

Three Red Flags For The Nasdaq Index -- Gary Grosschadl

Three strikes and you're out. Could this be the fate for the Nasdaq?...(more)

Natural Gas Approaching Key Resistance -- Kevin Hopson

A successful breach of resistance could spur a significant rally in natural gas prices....(more)

Euro Index Enters Reversal Zone -- Arthur Hill

Despite a decline over the last few months, the Euro Index ($XEU) remains in a long-term uptrend and is trading in a potential reversal zone....(more)

May 14, 2004

Xerox Corporation -- Koos van der Merwe

Xerox is a company that has been through the worst, and came out smiling. Anne Mulcahy, the company's chief executive, recently made the announcement, ". . . there is no question that we are open to ...(more)

Shanghai Composite Remains Range Bound -- Arthur Hill

The Shanghai Composite suffered a serious setback over the last few months, but the index has reached an important retracement level within a larger trading range....(more)

Gaming The Mid-May Bounce -- David Penn

The three major averages have all traced out hourly bottoming patterns in the middle of May....(more)

H&R Block Showing Positive Signs Of Reversal -- Steven Coffey

Plenty of divergences are pointing toward an upswing....(more)

May 13, 2004

The Return Of The Son Of The Bearish Confirmations -- David Penn

It's all about the March 2004 lows for the Dow Transports and Industrials....(more)

Halliburton's Bullish Consolidation Pattern -- Kevin Hopson

Halliburton's potentially bullish trading range could mean much higher prices in the long-term....(more)

Two Bearish Patterns for Software HOLDRS -- Arthur Hill

Two bearish patterns are taking shape in the Software HOLDRS (SWH) and these point to much lower prices over the next few months....(more)

Wireless Index Still Holding Important Trendlines -- Arthur Hill

The Dow Jones Wireless Communications Index (DJUSWC) remains in both a long-term and medium-term uptrend with important trendlines still holding....(more)

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)

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