August 08, 2007

USD/CHF: Positive Divergences And Hammer Candlestick Lines -- David Penn

"I'm not dead yet!" cried the greenback, as divergences and reversal patterns hint at a bottom....(more)

The Wheat Diamond -- David Penn

A diamond breakout in September wheat begins another leg higher....(more)

A Momentum Breakout For Carbo Ceramics -- Arthur Hill

Carbo Ceramics remains range-bound on the weekly chart, but a high-volume breakout on the daily chart points to higher prices and a breakout on the weekly chart....(more)

August 06, 2007

Divergences And The Dow Jones Utilities Index -- David Penn

Positive divergences in the second half of July helped create a bottom in the falling DJUA....(more)

Upside Opportunities In The S&P 500 -- David Penn

Intraday divergences and candlestick reversal patterns hint at a higher S&P in the early days of August....(more)

Russell 2000 Hits Support -- Arthur Hill

The Russell 2000 bore the brunt of selling pressure over the last two to three weeks, but the index could be ripe for a bounce as it becomes oversold and trades at support....(more)

August 03, 2007

A Breakout For Lockheed Martin -- Arthur Hill

Lockheed Martin reversed a multimonth decline with a breakout over the last few weeks, and renewed relative strength points to higher prices....(more)

Ryder Fuels Up On Big Volume -- Arthur Hill

Ryder Systems bounced off support with big volume, and a resistance breakout looks imminent....(more)

The Dow Jones Pitchfork View -- Gary Grosschadl

The Dow Jones Industrial Average has declined some 800 points from its 14,000 high. What is the next likely move?...(more)

August 02, 2007

Belt Holds Bolster The Dollar -- David Penn

A pair of bullish belt hold patterns in the greenback suggest near-term strength....(more)

Hartmarx Corp. Bucking The Trend -- Gary Grosschadl

This Chicago-based clothing company founded in 1872 has a bullish chart and appears headed higher....(more)

A Long-Term Analysis Of The DJIA -- Koos van der Merwe

Are the events of the week ended July 27 the start of a major correction in the Dow Jones Industrial Average? A look at the chart presents conflicting evidence....(more)

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)

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