August 11, 2003
Reliant Resources Trying A Bounce -- Gary Grosschadl
This electricity supplier based in Houston is trying to turn up the juice....
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An Intraday Head And Shoulders Top In EUR/USD -- David Penn
An old rally, a MACD negative divergence, a 1-2-3 trend reversal ... after bouncing at the beginning of August, the euro starts to slip against the greenback....
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Swift Energy Showing Signs Of Strength -- Kevin Hopson
Swift Energy is showing signs of strength, indicating a potential break to the upside from the stock's two-month trading range....
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August 08, 2003
A System For Trading Cisco -- Koos van der Merwe
On August 6, 2003 Cisco Systems Inc. reported a jump in quarterly net income but failed to top Wall Street expectations.
Could charts have predicted this?
...
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Biotech Breakdowns Dead Ahead -- David Penn
Falling below major moving averages suggests pullbacks and corrections in biotechs across the board....
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Bioscrypt Inc. Makes An Impression -- Gary Grosschadl
This Canadian micro cap is a biometrics provider of fingerprint recognition software and scanning equipment....
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August 07, 2003
Intel Caught In A Trading Range -- Gary Grosschadl
Intel Corp. is in a sideways consolidation and will eventually break out but which way?...
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Coffee's Double Bottom Comeback? -- David Penn
Do a positive MACD divergence and moving average support point to higher coffee prices?...
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August 05, 2003
A Five-Wave Look At The Spring/Summer Rally of 2003 -- David Penn
An Elliott wave interpretation of the current bull market suggests a correction before higher prices....
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A Developing Bottom For Frontier Oil? -- Kevin Hopson
Frontier Oil's five-month downtrend could be coming to an end, making the stock an attractive buy in the near-term....
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August 04, 2003
Downside Potential In The AMEX Oil Index -- Kevin Hopson
The AMEX Oil Index (XOI) looks to have additional downside potential in the near-term but I would consider a further pullback an excellent buying opportunity....
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August 01, 2003
The Oil Services Index Tries To Regroup At Key Support -- Kevin Hopson
The Oil Services Index (OSX) has been in a steep correction the last several weeks but is now showing signs of bottoming out....
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Has Teva Overdosed? -- Koos van der Merwe
Teva Pharmaceuticals develops, manufactures and markets generic pharmaceuticals. Teva sells its products to chains, wholesalers, distributors, hospitals, managed care entities, and government agencies...
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A Labored Breakout For Veritas Software -- Gary Grosschadl
Ascending triangles have a bullish bias but this one is somewhat unusual due to recent violent swings....
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July 31, 2003
Small Caps Still Bullish -- Arthur Hill
Despite a bearish divergence in MACD, the S&P SmallCap Index remains in a strong uptrend that has yet to be proven otherwise. What would it take to prove otherwise?...
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Thrust Oscillator Waning -- Arthur Hill
While the Nasdaq Composite plows higher, the Thrust Oscillator (TO) formed a bearish divergence and continues to weaken....
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July 28, 2003
Is Barnes & Noble.com Inc. Expecting More From Harry Potter? -- Koos van der Merwe
It is not what you feel that gives you profits in the market, it is what you see, and Barnes and Noble does look interesting....
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Berry Petroleum Caught In A Trading Range -- Kevin Hopson
Berry Petroleum looks to be caught in a trading range but the longer-term trend could indicate an eventual break to the upside....
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Merck & Co. Good To Bounce -- Gary Grosschadl
The daily chart shows several reasons why a bounce attempt looks good here for this major drug manufacturer....
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July 25, 2003
Symantec Having Trouble At 50 -- Arthur Hill
Symantec has been battling with resistance in the upper 40s the entire year. With a head and shoulders taking shape over the last three months, the bear may be about to win the war....
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Natural Gas: Trading The June Top With The 8-wave Pattern -- Nabeel Qadir
A basic 8-wave pattern, along with the Fibonacci ratios and a few other indicators, can be used to trade a market top. In this example, I will use the NYMEX August 2003 futures contract to show how th...
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July 24, 2003
New Gold Upleg? -- Gary Grosschadl
The gold price made a sizeable upswing from April to June where it ran from $322 - $375. After a healthy retracement, it may be ready to climb back up....
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The Reversal That Didn't Reverse -- David Penn
What the MACD appears to giveth, it also can taketh away....
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The Summer Correction In Natural Gas -- David Penn
A negative divergence in the MACD and a broken trendline conspire to send natural gas futures reeling....
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Is EnCana Corp. Ready To Turn Around? -- Kevin Hopson
EnCana Corp. (ECA) has been pulling back since the early part of June but looks to be forming a short-term bottom at current levels....
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A Double Top In October Hogs -- David Penn
The payoff was swift for bears circling around the double top in lean hog futures....
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Regional Banks Double Top -- Arthur Hill
The Regional Bank HOLDRS (RKH) have performed exceptionally well over the last few months, but a potential double top with waning momentum and poor breadth could stymie further upside....
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July 22, 2003
AOL Early Warning Signs -- Gary Grosschadl
AOL has enjoyed a good rise the past few months but is now looking a little tired....
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Revisiting The Triple Bottom Breakout -- David Penn
Would a steep pullback in the S&P 500 set the stage for a resumption of the bull market?...
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