November 05, 2008

Oil Services Vs. Banks -- Who's Stronger? -- Donald W. Pendergast, Jr.

At first glance, the Oil Service Index/Bank Index Ratio chart
would seem to imply strength in the banking sector, but that's not the case....(more)

Immucor Under Resistance -- Chaitali Mohile

Immucor began the rally on stronger notes offering good buying opportunities for traders. The resistance on the bullish path can lead to consolidation....(more)

November 04, 2008

The NYSE Composite Has Bullish Divergences In Two Time Frames -- Donald W. Pendergast, Jr.

Like every other broad market index, the NYSE Composite has taken a severe beating. However, signs of life on both the daily and weekly time frames suggest that a significant low has been made....(more)

The S&P 600 Small Cap Index Hits Target -- Chaitali Mohile

The S&P 600 Small Cap Index has reached the target on a head & shoulders top reversal pattern. After the prolonged fall, the index shows bullish signs for the rally....(more)

November 03, 2008

Australian Dollar -- Support Test In Progress -- Donald W. Pendergast, Jr.

The Australian dollar appears to be successfully testing important support levels now and may be in position to recover as the US dollar falters....(more)

East West Consolidation -- James Kupfer

Shares of East West Bancorp have been in a tight consolidation pattern since August. They may begin breaking out soon....(more)

Solar Energy Looking Dim -- James Kupfer

Shares of solar energy stocks have been on a run recently. Is it time to buy?...(more)

October 31, 2008

Copper Approaches Major Support Test -- Donald W. Pendergast, Jr.

The price action in copper since July 2008 has been horrific, but an important support test may be in the offing....(more)

Southern Co. Forms Bearish Reversals -- Chaitali Mohile

Southern Co. has been in a healthy uptrend for more than five years. The bearish formations suggest a trend reversal....(more)

Oil Hits Bottom -- Alan R. Northam

In a previous article entitled "Is The Oil Uptrend Over?" published on 07/23/08, I wrote that oil could fall to as low as $53 per barrel. Today, I am reporting that oil has fallen to a low of $50.44 a...(more)

CIEN Gets Some Liftoff -- Arthur Hill

After spending the better part of four months in oversold territory, Ciena is finally getting some lift with a triangle breakout and improving momentum....(more)

Delta Breaks Free -- Arthur Hill

After a multimonth consolidation period, Delta Airlines finally broke free of resistance to confirm a bullish continuation pattern....(more)

October 30, 2008

NASDAQ Bottom? Not Yet! -- Alan R. Northam

The NASDAQ recently made a huge upward move of 9.53% and market analysts are saying that the bottom of the bear market may be at hand. However, the NASDAQ has further to go on the downside before t...(more)

A Double Bottom Pattern For Market Vectors Nuclear Energy ETF -- Donald W. Pendergast, Jr.

After a 62% plunge since the May high, the Market Vectors Nuclear Energy ETF appears to have formed a double bottom on its daily chart....(more)

How Far Up? -- James Kupfer

Fibonacci retracement levels can help target how much of a bounce we may get in the Dow Jones 30....(more)

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)

...More Articles