July 24, 2008

Copart Forms An Ominous Wedge -- Arthur Hill

After a sharp decline in June, Copart bounced in July and hit a key retracement zone that could spell the end of the bounce....(more)

July 23, 2008

Is The Oil Uptrend Over? -- Alan R. Northam

USO has been in an uptrend since 1999, but it now looks like the upward trend is over and a sizable correction in oil is at hand, one that could drop the price of oil to as low as $53 per barrel.
...(more)

Apple Selloff Under Way -- Alan R. Northam

Apple has been in a bull market since 2003, but it now appears that this bull market ended at the end of 2007, and Apple could sell off to as low as $80 per share.
...(more)

Bank of America Charges To Resistance -- Arthur Hill

Despite an impressive surge over the last two weeks, Bank of America remains in a downtrend overall with resistance close at hand....(more)

July 22, 2008

Wal-Mart Under Distribution? -- Arthur Hill

Despite holding up well over the last two to three months, Wal-Mart sports a potential head & shoulders pattern that could mark a distribution phase....(more)

Will NSM Break Out? -- Chaitali Mohile

Deep below the neckline resistance, NSM formed a bullish engulfing pattern. The rally currently stands closer to same resistance. Will the stock break out?...(more)

July 18, 2008

Ford's Piercing Line -- James Kupfer

Ford Motor has just completed the formation of a bullish piercing line candlestick pattern....(more)

A Breakout For Biogen Idec -- Arthur Hill

Biogen Idec has been moving higher with good volume since late June, and a recent triangle breakout opens the door to even higher prices....(more)

Technicals Can Help Traders Avoid Disaster -- Mike Carr, CMT

IndyMac, Fannie Mae, and Freddie Mac have cost investors billions, but technicians should have been out of the stock or short these high-profile losers....(more)

July 16, 2008

Is Gold A Safe Haven For Your Money? -- Alan R. Northam

With the stock market now officially entering into a bear market, traders are looking to gold as a safe haven for their money. However, gold may not be the safe haven that traders think it is.
...(more)

NASDAQ 100 At Support -- James Kupfer

The NASDAQ 100 is weak and just keeps getting weaker, but is it ready to turn? And if so, where might it go to?...(more)

Immucor Shows Relative Strength -- Arthur Hill

The market has been hit hard over the last few two to three months, but Immucor has held up well by forming a potentially bullish consolidation....(more)

Can Bank Of America Crack Down Further? -- Chaitali Mohile

Bank of America has formed two reversal patterns that can lead to a serious correction....(more)

July 15, 2008

Financial Select SPDR Correction Ahead -- Alan R. Northam

XLF made a market top in May 2007 and has been trading lower ever since. Now it looks as if XLF is close to a market correction that could retrace from 38% to 62% of the ground lost in the decline.(more)

Investing In Energy -- Koos van der Merwe

With the price of oil reaching new highs, is investing in Energy Savings Income Fund the way to go?...(more)

AT&T In Volatile Consolidation Phase -- Chaitali Mohile

After establishing strong support, AT&T is likely to undergo a volatile bullish consolidation....(more)

Pfizer Ready To Short? -- James Kupfer

Pfizer Inc. is an established downtrend. Has its recent upside correction put it in a position to short?
...(more)

July 10, 2008

Speculating On Safeguard Scientific -- James Kupfer

Safeguard Scientific may be in a position for a speculative purchase....(more)

Bottom-Fishing For Potential Winners -- Mike Carr, CMT

The market is oversold and could become more oversold, but dividends can provide income in case the decline continues....(more)

Intermarket Analysis With Canadian Stocks And Gold -- Mike Carr, CMT

The Canadian benchmark index is showing signs of weakness, and potential weakness for gold....(more)

July 09, 2008

US Dollar Index Hits Support -- Arthur Hill

After a decline during the last few weeks, the US Dollar Index hit a key support area that represents a big make-or-break level....(more)

Material Select SPDR Trend Reversal -- Alan R. Northam

XLB has been in a long-term uptrend since 2002 but may be getting ready to reverse its trend. A symmetrical triangle has formed on the daily chart and has signaled a trend reversal....(more)

Is It Time To Look At Daimler? -- Koos van der Merwe

Yes--I would love to own a Mercedes Benz, but......(more)

A Big Short On Big Lots -- James Kupfer

After a strong upward move over the last few months, is BIG in a position to short?...(more)

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)

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