October 28, 2008
Is Gold Still Golden? -- James Kupfer
Gold appears to be in a prime spot for a reversal....
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Apple Consolidates Near Support -- Arthur Hill
Apple is holding up better than the broader market as it consolidates near support, but a range break is needed to trigger the next signal....
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October 27, 2008
Oil vs. Airlines: Airlines Poised To Take Flight? -- Donald W. Pendergast, Jr.
The Oil Index and Airline Index charts suggest that airlines are the stronger sector of the two -- for the moment....
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Buy, Buy, Buy -- Koos van der Merwe
Has the time come?...
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October 24, 2008
More Downside For GE -- Chaitali Mohile
General Electric stock is filled with huge bearish force. The historical support of the stock is under threat in the current downtrend....
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S&P 500 Triangle? -- Alan R. Northam
The S&P 500 looks like it's tracing out a symmetrical triangle wave formation, but this may not be a valid wave form. Here's why.
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A Descending Triangle For QQQQ -- Arthur Hill
QQQQ formed a descending triangle over the last few days, and a support break would signal a continuation of the bigger downtrend....
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The US Dollar Index: Is A Breakout Or Reversal At Hand? -- Donald W. Pendergast, Jr.
After an impressive three-month bull rally, the US Dollar Index is approaching an important resistance barrier: the upper Keltner band on its weekly chart....
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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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