August 04, 2008
Can GME Continue The Rally? -- Chaitali Mohile
Gamestop Corp. is standing in strong support, waiting for the breakout. Will this rally establish the support and move ahead?...
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Exelon At Trendline Support -- James Kupfer
Exelon is sitting on a long-term trendline and may be ready to continue its trend....
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ExxonMobil Surges Off Support -- Arthur Hill
After a rather sharp correction from mid-May to July, ExxonMobil found support and surged on good volume. A little follow through would trigger a breakout....
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Silver Ready To Move Lower -- Alan R. Northam
Silver Standard Resources made a market top in late 2007 and has been trading lower this year. Over the last few months, SSRI has been in a narrow trading range that looks ready to break down and move...
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Is This The End Of An Era For GM? -- Koos van der Merwe
GM losses reach US$15.5 billion – is this the end of the American automaker?...
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Up Goes Titan Machinery? -- Koos van der Merwe
Titan Machinery represents a diversified mix of agricultural, construction, and consumer products dealership across much of the upper Midwest. Is it going up?...
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August 01, 2008
A Warning On American Express -- James Kupfer
American Express stands at a critical Fibonacci retracement level, but will it hold?...
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The Alarming Oil-Light Crude Move -- Chaitali Mohile
After a long rally, crude oil is consolidating and is ready for breakout. This breakout may lead to a bloodbath in global financial markets....
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A Double Bottom For Hovnanian? -- Arthur Hill
Hovnanian has a huge double-bottom pattern working over the last seven months and a high-volume surge off support points to a big resistance test ahead....
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July 29, 2008
Can RGNC Become A Strong Bullish Stock? -- Chaitali Mohile
RGNC has moved up from the descending triangle. But is this reversal breakout robust enough to climb back up to the bullish levels?...
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Big Blue Hits Major Resistance -- Alan R. Northam
IBM made a market peak in 1999, a price minimum in 2002, and has been in a recovery rally since. Now, however, IBM has run back up to its market price peak set in 1999 and may not be able to break out...
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Gold Tests The Breakout -- Arthur Hill
After returning to broken resistance with a sharp decline in July, the streetTRACKS Gold ETF formed a small consolidation, and there is a big test at hand....
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July 28, 2008
French Index Under Bearish Pressure -- Chaitali Mohile
French CAC 40 Index had a huge gap down followed by a bearish trading session. The gap down resistance may restrict the breakout....
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Book Profit With Addax Petroleum -- Chaitali Mohile
Addax Petroleum failed to establish support at 52-week highs. Profit booking might be a wise decision at this point....
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July 25, 2008
Comerica May Undergo Relief Rally -- Chaitali Mohile
Comerica is in an intermediate downtrend, and the highly bearish indicators suggest a relief rally could be under way....
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Pharma Index Shows Relative Strength -- Arthur Hill
While the market recently bounces off multimonth lows, the Amex Pharmaceutical Index is challenging resistance and showing relative strength....
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Picking Winners In The Present Market -- Koos van der Merwe
There are many programs in the marketplace that are designed to pick winners. Some work, others don't, but the expense outlay can be worth it. Below are three companies that could be winners....
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Betting On An Oil Rebound -- James Kupfer
With the recent drop in oil prices, is USO a good short-term buy?...
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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....
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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.
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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.
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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....
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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....
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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?...
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July 18, 2008
Ford's Piercing Line -- James Kupfer
Ford Motor has just completed the formation of a bullish piercing line candlestick pattern....
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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....
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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....
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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.
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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?...
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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....
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Can Bank Of America Crack Down Further? -- Chaitali Mohile
Bank of America has formed two reversal patterns that can lead to a serious correction....
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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.
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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?
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