June 10, 2008

Potential Short Squeeze In Jefferies -- Mike Carr, CMT

This investment bank may see at least a short-term rise if short-sellers are forced to buy in at current levels....(more)

Schwab Holds The Breakout -- Arthur Hill

Charles Schwab Corp. is holding its resistance breakout with a consolidation, and traders should watch the consolidation highs for a bullish continuation signal....(more)

June 09, 2008

DBC Fails To Hold Lifetime High -- Chaitali Mohile

The breakout leads the DB Commodities Tracking Index Fund to a lifetime high. The index slipped below the new high and the slide may continue on weak trend notes....(more)

XRT Forms An Ending Diagonal -- Alan R. Northam

The SPDR S&P Retail Index is forming an ending diagonal corrective wave pattern, signaling that the retail index will continue to move lower in price once this corrective pattern is complete....(more)

Bed Bath & Breakdown -- Arthur Hill

After failing at long-term resistance, Bed Bath & Beyond broke pennant support to signal a continuation of the May decline....(more)

June 05, 2008

$NDX Resumes Bullish Path -- Chaitali Mohile

NASDAQ 100 formed a strong round bottom and the breakout has retraced to the previous support. The index is ready to begin its upward journey soon....(more)

An Advance Block For The S&P 500 -- Ron Walker

The Standard & Poor's 500 is forming a head & shoulders top near the 200-day simple moving average. An advance block pattern is helping to complete the right shoulder....(more)

June 04, 2008

Interest Rates Heading Higher? -- Mike Carr, CMT

With the Fed signaling that short-term rate cuts may have ended, the market is signaling that long-term rates are ready to rise....(more)

Energy Select Sector Has Robust Breakout -- Chaitali Mohile

XLE shows the bullish symptoms to continue the upward rally by entering the new uptrend with a gap-up breakout....(more)

$TRAN Sees Huge Selloff -- Chaitali Mohile

Entire gains of the early trading hours vanished by end of the day, and the Dow Jones Transportation Average may move flat further to the lower support....(more)

XLF Starting Downward Spiral -- Alan R. Northam

The Financials Select Sector SPDR has now been in a downtrend for more than a year, but the worst is yet to come. XLF is on the verge of spiraling down as Elliott wave 3 gets under way....(more)

June 03, 2008

The Developing Uptrend In IWR Seems Weak -- Chaitali Mohile

The Russell Mid-Cap iShares has weak indicators and slowly developing uptrend to pull bullish rally higher....(more)

A Fragile Dollar Uptrend -- James Kupfer

The US Dollar Index recently created an upward sloping linear regression channel....(more)

Seasonal Trading Strategy: Buy STZ -- Mike Carr, CMT

This stock has gone up more than 70% of the time in June, and it is a potential winner in the month ahead....(more)

June 02, 2008

Google May Retrace Back To Support Zone -- Chaitali Mohile

The uptrend in Google is well developed and easily sustainable. Some minor twists suggest profit-booking for safe trade, as support can get retested....(more)

Surprising Research On Mid-Caps -- Mike Carr, CMT

It is well known that small-cap stocks outperform large-caps over the long term. A recent analysis showed that mid-caps are actually the biggest long-term winners, and technicals support taking a posi...(more)

Is USO Ready To Turn Lower? -- Alan R. Northam

USO has been in a bull market since 1999. However, there is a high probability of overhead resistance that could turn this fund downward for a selloff of as much as 62%....(more)

May 30, 2008

A Breakdown For The Dow -- Arthur Hill

After failing at a key resistance point, the Dow Jones Industrial Average broke a key support level to reverse an uptrend that started in mid-March....(more)

Is DreamWorks A Dream Or A Nightmare? -- Koos van der Merwe

DreamWorks has all the makings of a company that is a challenge to Disney, but......(more)

Gold To Fall 34%? -- Alan R. Northam

Using Elliott wave analysis we can calculate that StreetTracks Gold Trust Shares should fall approximately 34% from current price levels....(more)

May 29, 2008

Is HongKong iShares Coming Out Of Bearish Phase? -- Chaitali Mohile

Certain patterns and rallies indicate declining bearish force. Will the EWH really break through the resistance to begin a fresh bullish run?...(more)

Computer Hardware Index Back To Resistance -- Chaitali Mohile

The index has reach its historical resistance, which has till now restricted the upward path. The index is still too weak to violate the stronger resistance.
...(more)

May 28, 2008

Ford Motor In Upper Gear -- Chaitali Mohile

Ford Motor has a strong breakout from various support/resistance areas, forming a strong bottom. The flag & pennant breakout offers a good trading opportunity....(more)

Is The 200-Day Moving Average A Reliable Trend Indicator? -- Mike Carr, CMT

With major averages facing resistance at their 200-day moving averages, we test the reliability of this indicator....(more)

The DJIA Bear Market Continues -- Alan R. Northam

Now that the market rally off the mid-March lows is complete, the DJIA bear market continues....(more)

MU Tries To Hold Breakout -- Arthur Hill

Micron Tech broke double-bottom resistance, but met resistance at the 200-day, and the breakout is getting a serious test....(more)

MMM Is Breaking Down -- Arthur Hill

After a big outside reversal week, MMM broke rising wedge support, pointing to lower prices ahead....(more)

May 27, 2008

EPAX Trading Range Provides Limited Risk -- Mike Carr, CMT

Stocks within narrow ranges represent great trading candidates, since the downside risk can be clearly defined.
...(more)

Technicals, Fundamentals, And A Discount To Value Make BCF A Buy -- Mike Carr, CMT

Closed-end funds are an often-overlooked trading vehicle, despite the wealth of available fundamental data that can be used to lower risk....(more)

CTX Tests Head & Shoulders Support -- Arthur Hill

Centex has formed a bearish head & shoulders pattern over the last few months and looks poised to break support for a bearish signal....(more)

May 23, 2008

Conflicting Signs On The S&P 500 -- Ron Walker

The intraday 60-minute chart on the S&P 500 has developed a bullish inverse head & shoulders pattern, while its daily chart has formed a bearish rising wedge. Moreover, the daily chart is in an uphil...(more)

Setups, Triggers, And Risk To Reward Ratios -- Alan R. Northam

A trader should not just jump into a stock position but should first define a valid trade setup, define his risk to reward ratio, and set the trigger price. GOOGLE (GOOG) is used here to explain how t...(more)

Fibonacci Levels Show S&P 500 At A Turning Point -- Mike Carr, CMT

The market is caught between Fibonacci support and resistance levels, with bulls and bears battling for control....(more)

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