June 07, 2004
Crude Warns Lower -- David Penn
A major MACDH trough suggests that the top in crude oil futures may be in....
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S&P 500 Approaching Key Resistance -- Kevin Hopson
A potentially bearish pattern and key resistance could both spell a near-term reversal in the S&P 500 Index....
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Freds, Inc. Crossed Above 50-Day Moving Average -- Steven Coffey
In addition to the moving average crossover, this stock has also gapped out of a mini cup and handle formation....
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Nasdaq's Limited Upside Potential -- Gary Grosschadl
The Nasdaq may rise above 2000 this week but a confluence of resistance lurks nearby....
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Time To Consider Precious Metals -- Kevin Hopson
The bullish percent chart for precious metals could indicate a buying opportunity very soon....
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June 04, 2004
Transports Strong Relative To Oil Service -- Arthur Hill
Despite the recent rise in oil prices over the last few months, the Dow Transports are surprisingly strong and the Oil Service HOLDRS are surprisingly weak....
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Waves And Wedges For Cisco -- Arthur Hill
Nasdaq titan Cisco Systems sports a falling wedge that could mark Wave 4....
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Caution For Plains Exploration & Production -- Kevin Hopson
The stock is starting to break down but is it time to sell?...
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June 03, 2004
Current Dow Challenge -- Gary Grosschadl
At this point, the Dow is at a crossroads if you happen to spot it....
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Hecla Mining -- Koos van der Merwe
On May 24th, 2004, I wrote an article about Newmont Mining that called for a possible increase in the gold price over the coming months. Hecla Mining is a company starting to show interesting patterns...
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June 02, 2004
Novell Inc. Has Chart Woes -- Gary Grosschadl
Novell, Inc., (NOVL) a leading provider of information solutions, appears in trouble on this daily chart....
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June 01, 2004
Airline Index Losing Altitude -- Gary Grosschadl
With oil prices in a rising trend, the Airline Index ($XAL) has been taking a beating....
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XAU's (Gold Index) Bold Bounce -- Gary Grosschadl
Early in the year when gold neared the $430 mark, the XAU Gold & Silver Index also peaked at 113. This index has made a classic retracement on their weekly chart as the price of gold also slipped....
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Vintage Petroleum Looking To Break Out -- Kevin Hopson
A break of key resistance at current levels could signal higher prices down the road....
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May 28, 2004
Deja vu All Over Again For OEX -- Arthur Hill
Since the big uptrend began in March 2003, OEX has formed its second consolidation and this one looks a lot like the first....
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Met-Pro Corp. Now In A Downtrend -- Steven Coffey
Now that Met-Pro Corp. (MPR) has closed below its most recent low of $15, it is officially in a downtrend....
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Airlines Starting To Lead -- Arthur Hill
The DJ Airline Index successfully tested support in May and has started to outperform the broader market....
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May 27, 2004
$50 Oil? -- Gary Grosschadl
Although it sounds outlandish, $50 oil looks like a possibility on this chart....
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Transition Therapeutics Inc. -- Koos van der Merwe
A variety of technical indicators that I use are giving buy signals for this stock, but common sense may tell you otherwise....
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A Trading Range For TransGlobe Energy -- Kevin Hopson
TransGlobe Energy's failed triangle breakout last month has created additional buying opportunities for the stock....
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May 25, 2004
Elan Corp. Can't Break 200-Week Moving Average -- Steven Coffey
After a nice ride up, ELN seems to be running into resistance at the 200-week moving average. It will have to cross above this level in order to be bullish again, but does it have the strength?...
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May 24, 2004
Analyzing Aberdeen Asia Pacific Prime Income Fund Inc. -- Koos van der Merwe
The policy of this Fund is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. The Boar...
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Midcap iShare MDY Consolidates After Support Break -- Arthur Hill
The S&P 400 Midcap iShare (MDY) recently confirmed a double top and has now formed a volatile consolidation just below broken support....
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FuelCell Energy Pulling Back To Support -- Kevin Hopson
FuelCell Energy broke out of a bullish triangle formation last month and is now pulling back to long-term support levels....
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Reverse Head And Shoulders For AT&T? -- Steven Coffey
Right now, AT&T seems to be bottoming out in what would be the right shoulder of a reverse head and shoulders formation. Because the price isn't very much above the low part of the shoulder, right no...
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Is The Lehman Treasury Fund Finding A Bottom? -- Kevin Hopson
The Lehman Treasury Fund has bounced off key support levels but are prices ready to rally?...
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Is Newmont Mining Leading The Gold Price? -- Koos van der Merwe
Newmont Mining is regarded as one of the premium mining stocks. It is beginning to show some very interesting chart patterns. Is this a prelude to a rise in gold prices?...
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Head And Shoulders In Hewlett Packard Forecasts Lower Prices -- Luis Ferro
Hewlett Packard (HPQ) completed a head and shoulders pattern that forecasts lower prices for this hardware manufacturer. Prices had not fallen much before hitting an old support level. But other facto...
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Dow Forms Potential ABC Correction -- Arthur Hill
Technically, the medium-term trend is down for the Dow, but a potential ABC pattern could make this a big correction within a larger uptrend....
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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....
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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....
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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....
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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....
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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....
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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?...
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