November 07, 2008
Is Worthington Industries Stronger Than Steel? -- Donald W. Pendergast, Jr.
It's no surprise that most steel-manufacturing stocks have been bludgeoned, but at least one is holding up better than might be expected....
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A Descending Triangle For Capital One -- Arthur Hill
After breaking down in September, Capital One Financial formed a descending triangle over the last five weeks, and a continuation lower is likely....
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3M Sports A Shooting Star -- Arthur Hill
3M formed a shooting star at resistance, and the upside looks limited for this Dow Jones 30 component....
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November 06, 2008
Buy The Rumor ... -- Koos van der Merwe
...Sell on the news. Is this still the case?...
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The Gold/US Dollar Ratio At Major Support -- Donald W. Pendergast, Jr.
After completing a major third wave up, the gold/US dollar ratio sits right at major support, which may also be the low of corrective wave A....
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AMEX Diamonds Trapped In Trading Range -- Alan R. Northam
DIA is currently trapped in a trading range and a breakout either to the upside or downside is required to determine the future direction of this market. However, the higher probability is for a break...
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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....
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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....
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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....
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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....
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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....
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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....
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Solar Energy Looking Dim -- James Kupfer
Shares of solar energy stocks have been on a run recently. Is it time to buy?...
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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....
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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....
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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...
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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....
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Delta Breaks Free -- Arthur Hill
After a multimonth consolidation period, Delta Airlines finally broke free of resistance to confirm a bullish continuation pattern....
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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....
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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....
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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...
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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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