June 12, 2008
Pep Boys Get Some Pep -- Arthur Hill
With a big move off support, Pep Boys Manny Moe & Jack looks primed for further gains and a challenge to the next resistance level....
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June 11, 2008
Shanda Interactive: A Short Setup -- Mike Carr, CMT
With the market looking vulnerable, an online gaming company based in China is worth looking at as a short candidate....
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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....
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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....
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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....
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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....
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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....
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June 05, 2008
$NDX Resumes Bullish Path -- Chaitali Mohile
NASDAQ 100 formed a strong round bottom and the breakout has retraced to the previous support. The index is ready to begin its upward journey soon....
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An Advance Block For The S&P 500 -- Ron Walker
The Standard & Poor's 500 is forming a head & shoulders top near the 200-day simple moving average. An advance block pattern is helping to complete the right shoulder....
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June 04, 2008
Interest Rates Heading Higher? -- Mike Carr, CMT
With the Fed signaling that short-term rate cuts may have ended, the market is signaling that long-term rates are ready to rise....
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Energy Select Sector Has Robust Breakout -- Chaitali Mohile
XLE shows the bullish symptoms to continue the upward rally by entering the new uptrend with a gap-up breakout....
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$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....
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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....
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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....
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A Fragile Dollar Uptrend -- James Kupfer
The US Dollar Index recently created an upward sloping linear regression channel....
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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....
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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....
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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...
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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%....
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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....
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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......
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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....
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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?...
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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.
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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....
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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....
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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....
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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....
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MMM Is Breaking Down -- Arthur Hill
After a big outside reversal week, MMM broke rising wedge support, pointing to lower prices ahead....
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