July 21, 2004
Best Buy: The Bid Is A Lonely Hunter -- David Penn
While some may have longed for a head and shoulders bottom, the July breakdowns in Best Buy add to the saga of retail's woes....
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Talbots Leaves Them Stranded -- Arthur Hill
Talbots (TLB) formed two opposing gaps in as many months and this has created an "island of losses" as well as a large bearish reversal....
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Amazon Shrugged -- David Penn
A head and shoulders top in the hourly chart of this internet stalwart suggests lower prices for Amazon in the near term....
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Ruger Breakout A Misfire -- Jason Braswell
Sturm Ruger & Co., Inc. looked ready to break out of their long-term downtrend, but it now looks to have been a trap. Potential investors should now hold and see if the long-term trend will resume....
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July 20, 2004
Airlines Get Grounded -- Arthur Hill
My previous articles on the Dow Jones Airline Index were bullish, but a recent failure and steep decline suggest something is amiss and a reassessment is in order....
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Nasdaq Downside Targets -- Gary Grosschadl
The high tech Nasdaq Index is looking particularily weak at the moment. Downside targets are in sight....
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So Far, So Good For Gold -- Kevin Hopson
As expected, gold prices found a bottom in spring and have proceeded to move higher. However, prices are coming up on key resistance now....
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July 19, 2004
Natural Gas Due For Another Bounce? -- Jason Braswell
Natural gas just broke down out of a major pattern and looks ready to fall further, but key support is in the way. Can prices push through, or are they due for another bounce?...
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Red Hat Goes Splat -- David Penn
Leading Linux distributor + accounting irregularities = gaps down and a failed rally into resistance....
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Triangle Top Test For Petro-Canada -- Gary Grosschadl
From 2002 to 2004, this Canadian oil giant has doubled in price from $35 to $70. Now it's off its peak....
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Silver's Cup With Handle Bottom -- David Penn
After a perilous drop in April from over $8 to under $6, is silver ready to rally?...
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ChevronTexaco's Double Pattern Breakout -- Kevin Hopson
ChevronTexaco's diamond breakout and symmetrical triangle breakout both indicate higher prices in the near-term....
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July 16, 2004
Natural Gas Warns Lower -- David Penn
Deep MACDH troughs point to lower prices ahead for December natural gas....
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CISCO SYSTEMS: Are You Telling Us Something? -- Koos van der Merwe
The market seems to be moving sideways in the summer doldrums. CNBC presenters keep talking about technology stocks bringing the market down. Yet Cisco...hmmm... what are you telling us?...
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July 14, 2004
The Volatility Index: How Low Can it Go? -- David Penn
Lower now than during the bull market peak in 2000, is this what bull markets are made of?...
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Volume Indicators Differ for Newmont -- Arthur Hill
Here is Newmont Mining (NEM) with two volume indicators singing from different song books....
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A Wild Six Months for Crude Oil -- Kevin Hopson
Even though crude oil prices have been up and down this year, predicting the various cycles has been easier than you might think....
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July 13, 2004
Deja vu for Dow Chemical -- Arthur Hill
Dow Chemical (DOW) recently formed two virtually identical patterns over the last four months and looks headed lower....
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Why SunTrust is Worth a Look -- Kevin Hopson
SunTrust is coming up on key resistance but the stock may have sufficient buying pressure to overcome this....
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July 12, 2004
The Ten-year Treasury Yield's Diamond Bottom -- David Penn
Lower long rates look likely in the short term. But after that, a run up to 5.6% or higher might be what the market is gearing up for....
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July 09, 2004
A Potentially Bullish Setup for Kerr-McGee Corp. -- Kevin Hopson
Kerr-McGee's recent pullback may create a good buying opportunity, as bullish technicals and extremely pessimistic market sentiment could propel the stock longer-term....
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June Insider Update -- Matt Blackman
Insider buying increased in March, April and May. In June, it reversed direction again. Does it signal tougher times ahead?...
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Metals & Mining: Whither Goest Thou? -- Koos van der Merwe
With the gold price jumping $10 in a day and breaking above the $400 mark once again, how do I see the metals and mining market?...
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July 08, 2004
Is The Rally In Devon Energy Almost Over? -- Kevin Hopson
Even though Devon has reached my ultimate upside target, current market sentiment is not indicative of a significant top....
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Lilly Runs Into Resistance Zone -- Arthur Hill
Eli Lilly (LLY) has steadily advanced over the last two years, but the past could soon haunt the stock as support from a prior pattern turns into resistance....
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Small Cap Index Forms Broadening Formation -- Arthur Hill
Although relatively rare, the S&P SmallCap Index (SML) formed its second broadening formation in the last four years....
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July 06, 2004
A Golden Zigzag? -- David Penn
A gap up gets filled and gold looks to move lower....
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"Run OJ! Run!" -- David Penn
Was that merely the legendary exhortation to a fleeing celebrity accused of a double homicide? Or the cry of jubilant orange juice futures bulls? We chart. You decide....
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A Trading Range For Archer Daniels Midland Co. -- Kevin Hopson
Archer Daniels Midland Co. has been stuck in a 5-month trading range but converging trendlines could foretell an important move soon....
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July 02, 2004
Nasdaq And The 53-day Cycle -- Koos van der Merwe
In my article, "Nasdaq And Its Cycles" (posted December 16, 2002, Traders.com Advantage), I showed that a simple 53-day cycle would predict the Nasdaq's cycle lows. I concluded that you should not us...
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A Monthly Look At The S&P 500 Index -- Gary Grosschadl
It's a good habit to occasionally stand back and take in the longer term picture of the market place....
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Marvel Facing Hulk-Like Resistance -- Kevin Hopson
A break of resistance at the $20.00 level and Marvel could be off to the races....
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