November 12, 2008

Elliott Wave Bullish For US Dollar -- Paolo Pezzutti

The dollar is developing a symmetrical triangle, which is a continuation pattern....(more)

Microsoft Breaks Triangle Support -- Arthur Hill

Microsoft appeared to have a harami at support in late October. The stock did indeed bounce, but the gains failed to hold and a recent triangle support break points to lower prices....(more)

Comcast Fails At Resistance -- Arthur Hill

Despite a big surge in late October, Comcast failed to break resistance and formed a big bearish engulfing pattern. In addition to affirming resistance, this candlestick pattern points to lower prices...(more)

November 11, 2008

Jet Blue To Take Flight? -- James Kupfer

Has Jet Blue formed a double-bottom formation?...(more)

Uptrend Ends For Swift Energy -- Chaitali Mohile

Swift Energy witnessed a trend reversal with the failed breakout of a bullish pattern. Is the stock likely to enter a new downtrend?...(more)

Golden Ratios And Market Dynamics -- Donald W. Pendergast, Jr.

Three distinct ratio views of gold suggest that silver and the stocks within XAU may soon outperform gold. Meanwhile, gold has trounced crude oil for more than four months....(more)

November 10, 2008

General Motors Collapses -- Is It The Beginning? -- Koos van der Merwe

When major companies start collapsing, is this telling us that the end of the financial crisis is in sight? Is this the beginning of the beginning of the end?...(more)

UAL Outperforming The XAL And The NYA -- Donald W. Pendergast, Jr.

Having made its low months before the broad market did, it's little wonder that UAL Corp. looks poised to soar in the wake of falling energy prices....(more)

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....(more)

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....(more)

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....(more)

November 06, 2008

Buy The Rumor ... -- Koos van der Merwe

...Sell on the news. Is this still the case?...(more)

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....(more)

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...(more)

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)

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