July 07, 2008

A Head & Shoulders For Goldman -- Arthur Hill

Goldman Sachs formed a large head & shoulders pattern over the last four months, and a neckline support break would have long-term bearish implications....(more)

The Worst June Since 1930 -- Mike Carr, CMT

While news reports tell us how bad things are, the fact is provided without context. We need to look at what came before and after June 1930 to decide if we can draw any conclusion from this sound bit...(more)

Is CNH Global Ready To Bounce? -- James Kupfer

If the price of CNH drops a bit more, it may be in a good position for an intermediate-term bounce....(more)

Celgene, A Multinational Biopharma -- Koos van der Merwe

Investing in pharmaceutical companies can be risky, especially when patents are due to expire or more efficient drugs hit the market....(more)

June 30, 2008

A Long Trade In A Declining Market -- Mike Carr, CMT

Even as the market averages move into bear market territory, long trades can be found using technical trading strategies....(more)

Technical Indicators Add Up To A Long For Korn/Ferry -- Mike Carr, CMT

As layoffs mount, staffing companies can profit by helping to locate replacements for senior managers and offering consulting services to help with the changing corporate culture. That's what Korn/Fer...(more)

Aeropostale, A Shop For The Teens -- Koos van der Merwe

The DJIA is officially in a recession but the S&P/TSX Composite index of Canada is not, mainly due to the price of oil and gold. Today's teenagers have yet to find this out. Aeropostale is an example....(more)

June 27, 2008

Air Products Hits An Air Pocket -- Arthur Hill

After hitting long-term resistance, Air Products suffered a momentum reversal and trendline break that point to weakness in the coming weeks....(more)

June 26, 2008

Dow Industrials Looking Bearish -- Mike Carr, CMT

After breaking key support at 12,000, the next thousand-point move in the Dow Jones Industrial Average is more likely to be down than up....(more)

Dow Transport Index New High Prediction -- Alan R. Northam

The Dow Jones Transportation Average has made a price high in July 2007 and in May 2008. The transports could now be set to make one more run at yet another new high in the very near future....(more)

ANN Breaks Wedge Support -- Arthur Hill

Ann Taylor Stores rallied the first five months of the year, but the advance formed a bearish wedge and a recent support break ended the rally....(more)

June 25, 2008

Underfollowed Stocks Can Benefit Technicians -- Mike Carr, CMT

Some stocks like Presidential Life have no analyst coverage, which means little trading activity. These stocks can present profitable opportunities to alert technicians....(more)

Pulling The Plug On Pool Corp. -- Arthur Hill

Pool Corp. broke triangle support over the last few days, targeting further weakness into October....(more)

June 24, 2008

Is TJX Ready To Move Higher? -- Mike Carr, CMT

After building an extended base, TJX looks ready to move higher....(more)

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....(more)

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....(more)

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...(more)

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....(more)

A Head & Shoulders For Fossil -- Arthur Hill

Fossil formed a head & shoulders pattern and confirmation would project sharply lower prices....(more)

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....(more)

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....(more)

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....(more)

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....(more)

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....(more)

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....(more)

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?...(more)

Utilities Select Sector In Trading Range -- Paolo Pezzutti

An increase in volatility could initiate a new directional move....(more)

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....(more)

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