November 18, 2008

Silver Standard Resources Bouncing Off Support -- Alan R. Northam

SSRI is bouncing off a long-term support zone and is entering into a corrective rally that could see silver move up to $21.00 per ounce before the selloff resumes.
...(more)

Travelers Travels Higher -- Arthur Hill

Travelers is bucking the trend in financials by holding well above its October lows, and a consolidation breakout would open the door to higher prices....(more)

Finding Buys In A Bear Market -- Mike Carr, CMT

As markets continue to plummet and volatility increases, stocks in tight trading ranges can offer safety and potential upside....(more)

Gold Still Golden -- James Kupfer

Gold still appears to be in an intermediate-term position for buying. The channel helps determine the future price target....(more)

November 17, 2008

Is This The Bottom For The NYSE Composite? -- Donald W. Pendergast, Jr.

After making a new low today, the NYSE Composite index staged a major turnaround. But is this truly the end of the major downtrend that began a year ago?...(more)

The Dow And A Key Reversal -- Koos van der Merwe

On November 13, the Dow Jones Industrial Average started the day by testing the low of October 10. It then reversed upward, strongly forming a key reversal. Does this signify the completion of wave C?...(more)

The Computer Technology Index Still Bearish -- Chaitali Mohile

After the descending triangle breakout, the Computer Technology Index is undergoing bearish consolidation....(more)

November 14, 2008

The DJIA's Test Of Support -- Ron Walker

The intraday charts magnify the short-term tug-of-wars between the bulls and the bears that causes day-to-day price fluctuations. The intraday charts provide a swing trader a wealth of information, su...(more)

Ralcorp Bucks The Bears -- Arthur Hill

The pickings are slim during a bear market, but Ralcorp is bucking the bear with relative strength and a bullish engulfing on high volume....(more)

QQQQ Engulfing Pattern -- James Kupfer

Along with all the major US market averages, the NASDAQ tracking stock QQQQ has formed a bullish engulfing candlestick pattern....(more)

November 13, 2008

Natural Gas, Equities Nearing Major Support -- Donald W. Pendergast, Jr.

Although the stocks in the natural gas industry group have fallen sharply, they, along with natural gas futures, may be near critical support....(more)

Malaysia iShares Retrace To 2006 Low -- Chaitali Mohile

After the breakout of head & shoulders top reversal pattern, Malaysia iShares has retraced to its 2006 low....(more)

Covered Call Opportunity In Freeport-McMoran -- Donald W. Pendergast, Jr.

Covered call strategies aren't glamorous, but if you're patient and choose your strikes wisely, a low-risk methodology can be within reach of the average trader....(more)

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)

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