October 23, 2008
DIA Gets Triangular -- Ron Walker
A three inside down bearish candle pattern formed on the DJIA. Will this reversal pattern take the index lower? A symmetrical triangle may stop sellers dead in their tracks, but if the pattern opens t...
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Wal-Mart Firms At Support -- Arthur Hill
After a sharp decline to support, Wal-Mart formed a triangle consolidation, and traders should watch these boundaries for the next signal....
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October 22, 2008
Qualcomm's Channeling -- James Kupfer
QCOM has been in a channel since 2005, so is now the right time to buy?...
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EWC Lacks Strength -- Chaitali Mohile
The Canada iShares has declined nearly 50% under bearish conditions. The weakness may drag the ETF much lower....
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Financial Select SPDR Bottom? -- Alan R. Northam
XLF is close to completing an ABC zigzag market correction. Will it mark the bottom for the financial sector or if it is simply a part of a much larger market correction?
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October 21, 2008
XLI Ready To Bounce -- Chaitali Mohile
The Industrial Select Sector SPDR has hit the target, and the momentum indicators are oversold. Is the situation favorable for a successful bounce?...
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Myriad Genetics Holds Key Retracement -- Arthur Hill
After finding support near a key retracement, Myriad Genetics surged above its 50-day and triggered an impressive breakout....
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October 20, 2008
Getting Ready For A Bottom -- James Kupfer
Does history say anything about the potential for a bottom, given that the Dow Jones 30 is down more than 20% this month?...
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October 2008 Or October 2009? -- Koos van der Merwe
It could be either, but when does Warren Buffett start buying?...
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NASDAQ Short-Term Support -- Alan R. Northam
Recent commentary of market analysts has them looking at NASDAQ support as a possible market bottom. However, this is only a short-term area of support with much further to go on the downside.
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October 17, 2008
The Volatile US Dollar -- Chaitali Mohile
During consolidation, the US Dollar Index is likely to enter wild volatile sessions and may retrace to a previous low pivot....
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Apple Near Support -- Chaitali Mohile
Apple Inc. is heading toward the lowest support. Can the stock form a bottom?...
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Skywest Poised For Takeoff? -- Arthur Hill
Relative strength, good volume, and a potential double bottom point to higher prices for Skywest....
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October 16, 2008
Another CRB Support Level -- James Kupfer
The CRB has fallen to a significant Fibonacci retracement level. Look for a bounce near here....
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Bonds Hit Support -- Arthur Hill
The iShares 20+ Year Bond ETF declined sharply over the last five days, but support is at hand and traders should be on guard for a bounce....
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QQQQ Hits Gap Resistance -- Arthur Hill
With a failure at gap resistance and bearish momentum, QQQQ remains in a downtrend on the daily chart, and follow-through is needed to complete a reversal....
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October 15, 2008
A Record Rise -- Ron Walker
The DJIA marked the week of October 10 as the worst in its 112-year history. Friday, October 10, also marked its largest swing in history with 1,019 points. In contrast, the DJIA has now started this...
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FR Regaining Support -- Chaitali Mohile
The First Industrial Realty is undergoing a pullback rally on weaker notes. Can the lost support be regained?...
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Ready To Resume Shorting? -- James Kupfer
A bottom of meaningful significance seems to have been made in the major equity indexes. Where are the significant resistance points going forward?...
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October 14, 2008
Time To Buy ETFs -- Koos van der Merwe
The financial markets of the world are in a recession. What are the best stocks to buy?...
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Are The Preferred Shares The Way To Go? -- Koos van der Merwe
In today's collapsing market, yields of preferred shares are reaching astronomical levels....
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The Selloff Tsunami -- Ron Walker
The Dow Jones Industrial Average put in its worst week in history. Is the tsunami of selling over?
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October 13, 2008
The Dollar Divergence -- James Kupfer
The US Dollar Index is forming a divergence with the relative strength index. Is this a warning?...
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A BIG (Lots) Followup -- James Kupfer
Big Lots has broken down technically over the last few months and appears to be heading down. How much further will it go?...
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Cisco Nearing Support -- James Kupfer
Cisco Systems is approaching a potential support line. But how solid is the support?...
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Utilities Select SPDR Hits Target -- Alan R. Northam
XLU formed a head & shoulders major trend reversal pattern and has hit the price target based upon this pattern. Is XLU now ready to bounce or will it continue lower?
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October 09, 2008
S&P Midcap SPDR Hammered Badly -- Chaitali Mohile
After the breakdown, S&P Midcap SPDR has lowered substantially....
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October 08, 2008
Looking For The NASDAQ Bottom -- Alan R. Northam
With the NASDAQ now in a bear market trend, it is possible to use Elliott wave theory to forecast when the downward trend will come to an end.
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