October 29, 2008

Newmont And The Gold Bugs Are Very Oversold -- Donald W. Pendergast, Jr.

After enduring months of record selloffs, Newmont Mining and the Gold Bugs index may be close to a reversal zone....(more)

MSFT Tests Support With A Harami -- Arthur Hill

Although Microsoft remains in a clear downtrend, the stock is testing support with a bullish candlestick pattern that could foreshadow an oversold bounce....(more)

A Seismic Spike For The VIX -- Ron Walker

The market has had a sinister selloff as investors have become dispirited and depressed. Each time a rally occurs, their hopes of a recovery are quickly dashed as more panicked investors sell into the...(more)

October 28, 2008

Is Gold Still Golden? -- James Kupfer

Gold appears to be in a prime spot for a reversal....(more)

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....(more)

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....(more)

Buy, Buy, Buy -- Koos van der Merwe

Has the time come?...(more)

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....(more)

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.
...(more)

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....(more)

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....(more)

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...(more)

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....(more)

October 22, 2008

Qualcomm's Channeling -- James Kupfer

QCOM has been in a channel since 2005, so is now the right time to buy?...(more)

EWC Lacks Strength -- Chaitali Mohile

The Canada iShares has declined nearly 50% under bearish conditions. The weakness may drag the ETF much lower....(more)

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?
...(more)

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?...(more)

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....(more)

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?...(more)

October 2008 Or October 2009? -- Koos van der Merwe

It could be either, but when does Warren Buffett start buying?...(more)

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.
...(more)

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....(more)

Apple Near Support -- Chaitali Mohile

Apple Inc. is heading toward the lowest support. Can the stock form a bottom?...(more)

Skywest Poised For Takeoff? -- Arthur Hill

Relative strength, good volume, and a potential double bottom point to higher prices for Skywest....(more)

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....(more)

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....(more)

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....(more)

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...(more)

FR Regaining Support -- Chaitali Mohile

The First Industrial Realty is undergoing a pullback rally on weaker notes. Can the lost support be regained?...(more)

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?...(more)

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