June 24, 2008
Is TJX Ready To Move Higher? -- Mike Carr, CMT
After building an extended base, TJX looks ready to move higher....
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Bearish Candlesticks Circling JB Hunt -- Arthur Hill
JB Hunt is holding up surprisingly well over the last few weeks, but signs of selling pressure are starting to emerge and a support break looks imminent....
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June 23, 2008
Where Is The Price Of Oil Going? -- Koos van der Merwe
To determine the movement of the oil price, I looked at the oil ETF....
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June 20, 2008
Technology Select SPDR Ready To Break Down -- Alan R. Northam
XLK made a market low in mid-January and has been trading in an upward trend ever since. However, the evidence points out that this uptrend is nothing more than a bear market rally that is about to en...
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Liz Claiborne Continues Lower -- Arthur Hill
A confirmed descending triangle and a new 52-week low confirm the downtrend for Liz Claiborne and point to even lower prices ahead....
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A Head & Shoulders For Fossil -- Arthur Hill
Fossil formed a head & shoulders pattern and confirmation would project sharply lower prices....
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June 19, 2008
Petsmart Rolls Over At Resistance -- Arthur Hill
After a weak rally to resistance, a key momentum indicator is rolling over and Petsmart looks poised to continue its downtrend....
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Financials Select SPDR Double Bottom? -- Alan R. Northam
By casual observation, XLF looks like it is forming a double bottom, but don't be taken in. XLF has found some short-term support, but the main trend is still down, and here's why....
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The Chart Tells The Story -- Mike Carr, CMT
Sometimes we can learn all we need to by looking at the chart, even without knowing the name of the company....
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June 18, 2008
Forest Oil Set To Move -- James Kupfer
A convergence of technical indicators suggests that Forest Oil Corp. is ready to continue its trend up....
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Coal: The Forgotten Commodity -- Mike Carr, CMT
A relatively new ETF provides investors with a way to bet on the price of coal, a valuable commodity but historically tough to trade....
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A Pair Of Flags For Newmont -- Arthur Hill
Newmont Mining has falling flags working on two time frames, and a breakout on the daily chart would have long-term implications....
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June 17, 2008
Citigroup — The Beginning Of The Beginning? -- Koos van der Merwe
Is a buy signal given by Citigroup the start of a recovery for financial institutions?...
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Utilities Select Sector In Trading Range -- Paolo Pezzutti
An increase in volatility could initiate a new directional move....
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TradeStation, A Potential Long Trade -- Mike Carr, CMT
This well-known trading platform and brokerage firm is trading at a price equal to less than the cash on its books, and is a technical buy....
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June 13, 2008
Inside Days For USO -- Arthur Hill
While the long-term trend for the United States Oil Fund ETF is certainly up, an extended harami shows hesitation that could foreshadow a correction....
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Using Sector Strength To Identify Buys -- Mike Carr, CMT
Relative strength offers traders a way to identify top-performing sectors, and exchange traded funds offer a way for investors to trade these ideas....
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Homebuilders Headed South -- Alan R. Northam
The SPDR S&P Homebuilders Index has completed its corrective wave pattern, signaling that this index of homebuilders is now headed south....
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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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