September 30, 2008

Apple Hits 17-Month Low -- Alan R. Northam

Apple, Inc., has now made a 17-month low and is ready for a bounce. Once this market corrective bounce is complete, the stock should head for a price target of $67.60 to $50.70 per share.
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September 29, 2008

Further To Fall On The S&P 500 -- James Kupfer

As I write this, the S&P 500 is down more than 3% to 1172. With the broad market continuing to fall, when might we see some relief?...(more)

September 26, 2008

Financials Start Last Leg Down -- Alan R. Northam

The Financials Select Sector SPDR (XLF) made a market top in May 2007 and has been trading in an ABC zigzag market correction pattern since. It now appears that XLF has started the last leg down of th...(more)

NYSE Composite Index Breaks Down Further -- Chaitali Mohile

The NYSE Composite Index has broken the bearish flag & pennant pattern....(more)

September 25, 2008

JCP Breaks Channel Support -- Arthur Hill

JC Penney hit resistance from a key moving average and then broke channel support to signal a continuation of its long-term downtrend....(more)

An ABC Correction For Linear Tech -- Arthur Hill

After tracing out an ABC correction, Linear Technology surged with good volume, and this could foreshadow a breakout that ends the correction....(more)

The Bailout Plan And The VIX -- Koos van der Merwe

Is the VIX telling us that the bailout plan will be passed by Congress? Is this plan an effective-enough Band-Aid?...(more)

September 24, 2008

$XAU Is Undergoing A Relief Rally -- Chaitali Mohile

The Gold & Silver Index has witnessed a robust corrective phase....(more)

QQQQ Breaks Key Support -- Alan R. Northam

The QQQQ has now broken below key support drawn off the mid-March price low, confirming that crash wave (3) of 3 is now under way. The target price for the completion of the crash wave is calculated t...(more)

September 23, 2008

The Bearish Force Sustains For XLB -- Chaitali Mohile

The Material SPDR has been under bearish clouds for more than six months. The moving average resistances and the head & shoulder top may suppress any pullback rally....(more)

Gymboree Fails At Resistance -- Arthur Hill

Gymboree failed a major resistance, and a momentum breakdown points to lower prices over the next few weeks....(more)

A Major Support Test For The Nikkei -- Arthur Hill

The Nikkei is trying to firm near its March lows, but momentum has yet to turn up and traders should watch for a signal line crossover in the MACD....(more)

September 18, 2008

Weyerhaeuser Pumps Up The Volume -- Arthur Hill

Signs of relative strength and increased buying pressure point to a resistance breakout in Weyerhaeuser....(more)

A Momentum Upturn For Arthrocare -- Arthur Hill

Arthrocare shows signs of strength with improving momentum and good upside volume on its recent breakout....(more)

September 17, 2008

Could You Have Predicted The Lehman Brothers Disaster? -- Koos van der Merwe

Lehman Brothers lost hope of being bailed out and was forced to announce bankruptcy....(more)

Bear Market Isn't Over Yet -- Alan R. Northam

Depending upon how the Fibonacci retracement tool is used, there is a range of possible support areas that could turn the S&P 500 back upward. However, what we need to be looking for is a trend revers...(more)

September 16, 2008

Starwood Breaks Triangle Support -- Arthur Hill

Starwood Hotels recently broke triangle support to signal a continuation of the long-term downtrend....(more)

Google Firms At Support -- Arthur Hill

Google formed a bullish engulfing pattern at long-term support, and follow-through would give way to an oversold bounce....(more)

September 15, 2008

Homebuilders SPDR Turns Down -- Alan R. Northam

The market correction for XHB is over, and this homebuilder index has now resumed its selloff in the direction of its major trend.
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September 12, 2008

Humana Breaks Flag Resistance -- Arthur Hill

Humana broke flag resistance with good volume, and the next resistance level marks the neckline of a larger head & shoulders reversal pattern....(more)

Moment Of Truth For XLF -- Arthur Hill

After forming a rising wedge over the last two months, the financials SPDR declined sharply and is dangerously close to a continuation breakdown....(more)

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