September 25, 2003
GPS: Mind The Gap And The Flag -- Arthur Hill
With a gap down and rising flag formation, the chart for Gap Inc. (GPS) is showing signs of weakness....
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September 23, 2003
Falling Channel For Valero Energy -- Kevin Hopson
Valero Energy has been stuck in a falling channel since mid August but things are starting to look up for this refiner....
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Biotech Balancing Act -- David Penn
Biotechnology stocks have moved up since an anticipated breakdown a month ago....
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Now And Yen -- David Penn
A massive head and shoulders bottom in the Japanese yen suggests that the bull market in yen is on....
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The Do Or Die Dollar -- David Penn
Support for the U.S. Dollar Index at 93-92 will be sorely tested in the weeks to come....
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September 22, 2003
Apache's Recent Topping Pattern -- Kevin Hopson
Apache Corp. (APA) recently topped out around the $69.00 level, as my prior analysis predicted. What's next for this oil and gas company?...
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Monthly Chart Shows Gold Upside Target -- Gary Grosschadl
Gold has been very bullish on the daily, weekly and monthly charts....
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September 19, 2003
Big Blue Is On The Move -- Andrew Hetherington
IBM has recently broken above its $90.00 resistance area. How far will it go?...
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Is The Soybean Complex Slipping? -- David Penn
Negative divergences and parabolic moves to the upside suggest caution may be prudent for bean bulls....
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September 18, 2003
Are Hogs Headed Higher? -- David Penn
A mid-summer double top leads to a late summer double bottom as the rally in lean hog futures continues....
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The Jean Coutu Group -- Koos van der Merwe
The Jean Coutu Group (CA: PJCA) is the second largest drugstore chain in Canada and the eighth-largest in North America, with 311 pharmacy stores in Quebec, Ontario, New Brunswick, and 332 Brooks phar...
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September 16, 2003
How High Can the S&P 500 Index Go? -- Kevin Hopson
The S&P 500 broke out of two-and-a-half month trading range early this month, indicating the potential for higher prices in the near-term....
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Toward A Temporary Yield Top? -- David Penn
A late summer consolidation in 10-year Treasury yields may point to a long, waited-for bounce in government long bonds....
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Weekly Nasdaq Hits The Wall -- Gary Grosschadl
The strongest reason for the overall markets to stall can be found on this weekly chart. If The Nasdaq stalls here and stumbles, the others will likely follow....
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The Bank Index Fails To Confirm Dow -- Gary Grosschadl
The Philadelphia Bank Index is a broad financial index that usually mirrors the Dow....
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September 15, 2003
IBM's $90 Curse -- Gary Grosschadl
IBM is still caught in a trading range, being repelled from $90 once again....
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Things Are Going Better For Coke -- Andrew Hetherington
A large head and shoulders formation in the making gives a possible buy signal for those willing to take a risk....
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Insider Sales Figures Tell A Troubling Tale -- Matt Blackman
The ratio of insider sales to purchases remained relatively steady in May and June. They started to creep up in August. In early September they went ballistic. What does it mean?...
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SPY Flag -- Still Awaiting Confirmation -- Matt Blackman
On September 2, the chart pattern on the SPY broke out on higher volume giving a bullish signal. But the 102-support line was broken a week later. Until we see higher volumes and a sustained move abov...
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September 12, 2003
A "GOLD"en Hope -- Koos van der Merwe
Yes, gold is on the way up, and I believe that it will break above $400 sometime in the future, and yes, it will be a very volatile ride up....
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Yahoo: A Double Top In The Making -- Arthur Hill
Even though it is far from confirmed, the early signs suggest a double top for Yahoo. Yahoo (YHOO) and a host of internet stocks have been star performers over the last 9-12 months....
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Put/Call Ratio On Target -- Koos van der Merwe
The put/call ratio is simply the number of put options contracts traded in a given day divided by the number of call options contracts traded that same day. The put volume divided by the call volume y...
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September 11, 2003
Swing Low Swiss Franc -- David Penn
A bounce in the September Swiss franc may set up further declines....
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September 09, 2003
Crude Oil Finally Cracks -- David Penn
A negative divergence sets up a sharply downward turn in crude oil futures....
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SBC Works On A Bullish Reversal -- Arthur Hill
SBC traced out a falling wedge and has yet to reverse the current decline, but signs of a reversal are starting to appear....
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Mediacom Moves Off Bottom -- Gary Grosschadl
Mediacom Communications breaks out of a low trading range but what comes next?...
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Andrew Corporation Working On A Double Bottom -- Gary Grosschadl
The weekly chart shows this stock at a key level with upside implications....
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Brigham Exploration's Triangle Breakout -- Kevin Hopson
Brigham Exploration has broken out of an eight-month bullish triangle formation, indicating higher prices ahead....
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September 08, 2003
JDS Uniphase: A Lesson In Frustration -- Koos van der Merwe
JDS Uniphase is listed both in Canada and the U.S., with Canada its primary base. With the Canadian market faltering because of a slowing economy while the U.S. market is recovering far better than an...
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Hewlett Has Been Revving Up -- Andrew Hetherington
In my previous article at the end of February I suggested that the small head and shoulders top pattern would have a pullback into the $17.00 area and then drop to the buy long position of $14.00. Th...
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What Will Devon Energy Do Next? -- Kevin Hopson
Devon Energy looks to be forming a bullish triangle but the stock has little margin for error if higher prices are going to prevail....
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Manhattan Associates Has Broken Out -- Andrew Hetherington
Watch to take a long position in this stock on the strength of a near-perfect ascending triangle....
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QQQ Approaches Key Retracement -- Arthur Hill
Both the weekly chart and overall trend for QQQ are clearly bullish, but the retracement, pattern, and resistance-turned-support could spell trouble in the weeks and months ahead....
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