November 17, 2004
Triangles Take The $HUI Higher -- David Penn
A summer triangle consolidation provided a floor for unhedged gold company shares. Now a smaller autumn triangle sets up a test of the ceiling....
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Big MO's 2B Double Bottom Revisited -- David Penn
Nearly 10 points higher from our last look at Altria Group, the stock formerly known as Philip Morris moves into a triangular consolidation and threatens to move higher....
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Home Depot Bearish Engulfing -- Chris Manuell
Home Depot encountered some aggressive profit-taking -- in line with other retailers -- to complete a bearish engulfing pattern on the daily chart....
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November 16, 2004
Double Divergence -- David Penn
Once again, the S&P 500's rally challenges a running negative stochastic divergence....
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Cyclicals Lead Market Higher -- Arthur Hill
The Amex Cyclicals Index recently broke to a new 52-week high, and this bodes well for the overall market....
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Comcast Firms With Bullish Reversal Pattern -- Arthur Hill
After a normal correction, Comcast shows signs of firming with a bullish reversal pattern taking shape....
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Time Warner Coming Up On Key Resistance -- Kevin Hopson
Though a significant resistance area is approaching, Time Warner may have the power to break through....
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November 15, 2004
10-Year Note Falling Wedge -- Chris Manuell
Following the FOMC's recent decision to raise interest rates by 25 basis points, it appears that 10-year note yields are also set for a move up in the near term....
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Amcol International -- Koos van der Merwe
Should you trade on technicals or the news?...
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November 12, 2004
Light Crude Poised To Resume Uptrend -- Chris Manuell
Oil has temporarily alleviated the recent overbought condition and inflationary concerns with a seasonal fall in October. It now appears poised for a resumption of the uptrend....
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Will Lumber Get A Lift? -- David Penn
A Traders.com Advantage reader points to lumber's cyclical patterns and suggests higher prices ahead....
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November 11, 2004
Bonds And Bills Differ -- Arthur Hill
The 13-week Treasury-bill yield has taken note of recent rate increases, but the 10-year T-note yield is only just starting to conform....
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The Cisco Kid's Gap Down Negative Divergence Special -- David Penn
Is it time to empty the chamber on Cisco?...
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Forest Oil Bounces Off Key Support -- Kevin Hopson
Could the recent bounce lead to a resumption of the longer-term uptrend?...
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Another Airline Double Bottom -- Arthur Hill
For the second time this year the Dow Jones Airline Index (DJUSAR) confirmed a double bottom. The first one failed and the second one remains above the trees for now....
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November 10, 2004
Dow Composite Leading The Way -- Arthur Hill
While the Dow Jones Industrial Average (DJIA) shows signs of breaking down, its broader cousin, the Dow Jones Composite Average (DJC), remains strong....
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The MACDH And Copper's Autumn Correction -- David Penn
A major MACDH trough in the daily chart of December copper suggests lower prices to come. But first, a word from the countertrend bounce ......
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The Dollar's Last-Ditch Divergence -- David Penn
The target from the symmetrical triangle reached, dollar bears try to plow through a positive stochastic divergence....
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Accumulation In Du Pont -- Arthur Hill
Du Pont (DD), a leading chemical company, shows signs of accumulation and recently broke an important trendline....
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November 09, 2004
Divergences And The Bush Bounce -- David Penn
All the post-hoc stock and election analysis you'll need is summed up in one chart and two stochastic divergences....
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Petrifying Pattern In Gold & Silver Index -- Chris Manuell
The Gold and Silver Index has produced a stealth-like rally from early May this year; is its luster fading?...
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A Reverse Head-And-Shoulders Pattern For Brigham Exploration? -- Kevin Hopson
Given support at slightly lower levels and a potentially bullish consolidation pattern, investors should continue to hold these shares....
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November 08, 2004
Trading An Intraday Triangle -- David Penn
When volatility has been running high, an early morning contraction can lead to explosive results....
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A Few Good Setups In The Oil Patch -- Kevin Hopson
There are four stocks in the oil services industry that you will want to keep an eye on in the near term....
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Five-Year Note Double Bottom -- Chris Manuell
The five-year US Treasury note often represents a good barometer for the US yield curve and recently completed a double bottom, suggestive of higher yields....
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November 05, 2004
Frontline Marching Forward -- Kevin Hopson
A couple significant patterns have marked Frontline's progress this year, and another could be in the works....
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Wal-Mart Completes Double Bottom -- Chris Manuell
Wal-Mart joined in the re-election euphoria to complete a very reliable reversal pattern -- the double bottom....
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November 04, 2004
Going For Gold -- Koos van der Merwe
Bema Gold Corp. is a gold exploration and mining company. Holding it looks like a good idea....
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A Head (And Shoulders) Of Cattle -- David Penn
A nearly five-month topping pattern in December live cattle futures looks set to resolve itself in a breakdown....
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November 03, 2004
A Major Confluence Of Support For Crude Oil -- Kevin Hopson
Light sweet crude is approaching a key support zone, which could act as a significant reversal point for prices....
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Euro At Half-Mast -- Chris Manuell
The euro recently escaped from a confined trading range with a sharp move higher, confirming the breakout, and is now pausing for breath....
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The DJIA's Weekly Key Reversal -- Chris Manuell
The Dow Jones industrials completed a weekly key reversal last week, which may support the seasonal bottom that often occurs in October....
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Amgen Testing Key Support -- Arthur Hill
Amgen failed to break above an important trendline in September, but the recent support test looks successful and this could foreshadow a breakout....
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