June 07, 2007
Airline Index Underperforming -- Chaitali Mohile
$XAL has formed multiple bearish flag & pennant formations....
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A Reversal In Housing Stocks -- David Penn
The measured move in the housing index takes a hit as interest rates spike higher....
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A Big Bearish Engulfing For Big Lots -- Arthur Hill
Big Lots broke out to a new high at the end of May, but a massive bearish engulfing pattern triggered a bull trap, and the forecast is for further downside....
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June 06, 2007
A Breakout For COCO -- Arthur Hill
After consolidating for a few months, Corinthian Colleges is breaking resistance, and signs of accumulation point to further gains....
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Health Care Select Sector Awaits The Breakout -- Chaitali Mohile
Examining different charts of the same sector suggests various technical resistances....
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June 05, 2007
Testing The Breakout -- David Penn
The NASDAQ 100 drifts toward support at the level of its recent breakout....
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Can CNQ Make A New High? -- Chaitali Mohile
Canadian Natural Resources made a double top at its highest level last year. Will it make a new high in its current period?...
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June 04, 2007
The Golden Bounce -- David Penn
Hourly charts of gold and gold stocks underscore the turnaround in late May....
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American Semiconductor Comes Out Of Consolidation -- Chaitali Mohile
American Superconductor Corp. has finally emerged from long consolidation....
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Biotechnology Index Completes Reaction Move -- Chaitali Mohile
By forming a bullish wedge, the biotechnology index gets ready to continue the bull run....
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June 01, 2007
Smells Like Reflation -- David Penn
An early test of the rally in rates looms on the horizon....
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Microsoft Double Top? -- Gary Grosschadl
Microsoft has hit a previous resistance level just above $31. A confluence of candlesticks, symmetry, and indicators suggests a possible early warning of potential double top on this 17-month weekly c...
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Relative Weakness Weighs On Cymer -- Arthur Hill
Cymer has been underperforming the market for months, and the stock is on the verge of a support break that would signal a continuation lower....
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The Advance-Decline Line -- Koos van der Merwe
Is the current chart of the advance-decline line of the Dow Jones Industrial Average trying to tell us something?...
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May 31, 2007
Russell 2000 Gets Cold Feet -- Arthur Hill
The Russell 2000 broke consolidation resistance, but immediately pulled back, and now, waning momentum points to a bull trap....
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Tuning In To XM Satellite Radio -- Gary Grosschadl
Has a bottom finally shown up to produce a tradable bounce?...
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US Paper Index Beats Rock And Scissors -- Gary Grosschadl
This Dow Jones index is in a breakout pattern. So what is the upside target?...
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Should You Buy The Dollar? -- David Penn
Positive divergences, bullish moving average alignments, and overbought conditions combine to make the greenback attractive....
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A Cup With Handle In Transports -- David Penn
As crude oil breaks down, the consolidation in the Dow Jones transports hints at a move higher....
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May 30, 2007
A Head & Shoulders Top In REITs -- David Penn
Has the great REIT rally finally run out of upside?...
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Ranged Break -- Austin Passamonte
An expanding wedge coupled with a narrow-range channel spelled imminent action for the S&P....
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S&P Seeking Support -- Austin Passamonte
Measuring support and resistance zones via Fibonacci and retracement tools....
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Candlestick Warning For The NASDAQ Composite -- Gary Grosschadl
The high-tech index looks vulnerable here. A downturn would not be a surprise, but what are the targets?
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Blowing Bubbles -- Koos van der Merwe
Everyone's talking about a bubble, whether there's one ready to burst or there's one expanding.
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XAU Lags And Drags -- Arthur Hill
The Philadelphia Gold & Silver Index ($XAU) has been stuck in a rut the last 15 months, and relative weakness remains a serious drag. Here are the levels to watch....
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May 24, 2007
A Lift In Lumber -- David Penn
Positive divergences and a stochastic pop lead lumber higher in May....
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Nike Looks Ready To Run -- Arthur Hill
After a long consolidation period, Nike gapped up off support and looks ready for a run to new highs....
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Biogen Returns To The Breakout -- Arthur Hill
After breaking resistance with a gap and a surge in April, Biogen Idec returned to the scene of the crime. This level should offer support....
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$DJUSCH Readies To Break Out From Ascending Triangle -- Chaitali Mohile
The US Chemical Index has formed an ascending triangle on daily and weekly time frames and is now ready to break out....
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Cascade Bancorp Has A Bullish Engulfing Pattern -- Chaitali Mohile
CACB is in an intermediate downtrend. Will a bullish engulfing pattern really offer a reliable buying opportunity?...
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Reversal Warnings -- Austin Passamonte
Pure price action can tell us a great deal about pending market direction. Intraday emini traders can see clear reversal signal patterns almost every session -- fair warning to exit existing trades an...
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Predictable Patterns Period -- Austin Passamonte
Since mid-March 2007, big-cap stock index markets seem to have a constant bid beneath them. Any intraday selloff that lasts into the closing bell is immediately reversed the next session. Most other d...
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May 23, 2007
A Crude Pause -- David Penn
A pause in the crude oil bounce as oil stocks test historic highs....
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May 21, 2007
Volatile NASDAQ 100 Stays In Range -- Chaitali Mohile
$NDX is volatile and moving in a 20-point range for the last two weeks. The lower range can dip to the previous low of the rally....
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May 17, 2007
The S&P 500's Intraday Ascending Triangle -- David Penn
A pair of 2B tops helps mark the upper boundary of an ascending triangle....
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