July 31, 2007

A Breakdown In The Nikkei -- Arthur Hill

After meeting stiff resistance from its March high, the Nikkei gapped down and broke support to reverse a 12-month uptrend. At the very least, we can expect a retracement of this big rally....(more)

July 30, 2007

Dark Cloud Cover Caps Bond Rally -- David Penn

A reversal pattern brings the bearishness of the stock market to the world of bonds....(more)

The NASDAQ Composite's Monthly Chart -- Gary Grosschadl

It's been a hard week for the indexes. The NASDAQ, for one, lost 4.66% for the week, or 125 points. What does the monthly chart reveal?...(more)

Dow Jones Basic Materials Hits Support -- Arthur Hill

The Dow Jones Basic Materials Index led the market lower last week, but traders should be on guard for a bounce as the index is now oversold and at support....(more)

July 27, 2007

The QQQQ's Intraday Head & Shoulders Top -- David Penn

The rally in the NASDAQ 100 lasted almost a month before a head & shoulders pattern signaled a correction....(more)

Sierra Wireless Heading Lower -- Gary Grosschadl

Several candlestick warnings hint at the coming downside....(more)

Daimler Chrysler And Cerberus -- Koos van der Merwe

We all know that German products are built to last, and that the US's financial success lies in that it is a consumerist society....(more)

Topping The Pound -- David Penn

Bearish candlestick patterns anticipate a correction in the British pound/US dollar currency pair....(more)

July 26, 2007

A Working Wave Count For The S&P 500 -- David Penn

A late June bottom sets the stage for the last move higher in the bull market that began in March....(more)

July 25, 2007

Pay Day At Paychex -- Arthur Hill

Paychex formed a large inverse head & shoulders formation, and a high-volume break above neckline resistance signals a continuation of the long-term uptrend....(more)

Intuit Attempts A Breakout -- Arthur Hill

Intuit shows signs of accumulation and relative strength within its consolidation, pointing to a breakout....(more)

July 24, 2007

Bottom Fishing In Starbucks -- Arthur Hill

Starbucks has been trending lower since November, but the stock is showing signs of firmness and follow-through on a candlestick reversal....(more)

The Cooper Companies -- Koos van der Merwe

Pharmaceutical companies spend millions of dollars in developing products that can be wiped out by the Powers That Be that decide whether the product is safe enough to be sold to the general populatio...(more)

Is The Google Uptrend Finished? -- Paolo Pezzutti

Google prints a down gap on earnings news....(more)

July 23, 2007

Shanghai Composite Starts To Lag -- Arthur Hill

The Shanghai Composite led the world from March to May, but this key index is lagging in July and a failure at the 50-day looks ominous....(more)

Energy Select Sector May Undergo Some More Correction -- Chaitali Mohile

XLE has moved into the overbought area, and the daily price chart has formed a rising wedge. The sector is likely to witness a correction during the uptrend....(more)

July 20, 2007

Positive MACDH Divergence At Support -- David Penn

The US dollar/Swiss franc pair hints at reversal as year-to-date lows are tested in mid-July....(more)

July 19, 2007

A Dow Theory Confirmation -- Arthur Hill

Recent highs in both the Dow transports and the Dow industrials confirm the primary uptrends and a bull signal according to Dow theory....(more)

July 17, 2007

AMEX Composite Forms Ascending Triangle -- Chaitali Mohile

The AMEX Composite retests the seller line in search of a breakout of the continuation pattern....(more)

July 16, 2007

Cup With Handle Becomes Diamond -- David Penn

A failed breakout sets up a diamond consolidation in the Dow transports....(more)

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