November 24, 2008

KEG, IEZ Displaying Conflicting Signals -- Donald W. Pendergast, Jr.

Fakeout or breakout? Even though the broad market is crumbling (again), at least one stock in the Oil Services industry group along with its parent exchange traded fund (ETF), IEZ, are suggesting that...(more)

Another Rectangle Break For Texas Industries -- Arthur Hill

Texas Industries broke rectangle support for the second time in six months, signaling yet another continuation of the long-term downtrend....(more)

November 21, 2008

Southern Copper: High Implied Volatility Offers Opportunity -- Donald W. Pendergast, Jr.

Despite a 75% drop since October 2008, industrious traders can still find potential for gains in Southern Copper....(more)

Has The NASDAQ Bull Taken Over? -- Koos van der Merwe

Last week, I wrote that I believed the Dow Jones Industrial Average had bottomed, and that the bull has taken over from the bear. This week, I see no reason to change my tune....(more)

Natural Gas: One ETF Bucks Market Selloff -- Donald W. Pendergast, Jr.

Based on chart action and COT figures, the smart money appears to be accumulating natural gas....(more)

Silver Standard Resources Flag Breakdown -- Alan R. Northam

The flag formation for SSRI has failed and signals that the SSRI will continue to trade lower in the short term. However, the short-term upward trend for SSRI should resume once this correction is com...(more)

November 20, 2008

Two Currencies, Two Trends -- Donald W. Pendergast, Jr.

The trend is your friend — until it ends, anyway. The yen may be ready to soar to new heights, even as the Canadian dollar struggles to find a floor....(more)

Further Downside Risks Lurk Over The DJIA -- Ron Walker

The intraday charts could be suggesting that there is further downside risk for the DJIA. The one- and 15-minute time frames have now gotten a lower high and lower low. There is still hope for the bul...(more)

Halliburton Hugs Support -- Arthur Hill

With Halliburton locked in a tight trading range near support, a breakdown would confirm a descending triangle, while a breakup would argue for a retracement rally....(more)

Out-of-Place Patterns For JP Morgan Chase -- Arthur Hill

JP Morgan formed a big broadening formation as part of a downtrend last year and has a bearish head & shoulders working over the last five months....(more)

November 19, 2008

The British Pound: Is The Smart Money Accumulating? -- Donald W. Pendergast, Jr.

After tracing out a distinct five-wave pattern of reasonable proportion, price-momentum divergences suggest that the British pound may be due for a reversal....(more)

Scott's Miracle-Gro Out Of Pep? -- James Kupfer

Scott's Miracle-Gro stock is facing a number of technical hurdles and may be in a good place to sell or short....(more)

Is The Market Building A Bottom? -- Matt Blackman

One good overall measure of the market is the Vanguard Total Market ETF. What is it telling us about the market?...(more)

Is China Set To Bounce? -- Matt Blackman

China and India still enjoy respectable growth rates even as their industrialized counterparts in the US and Europe enter recession. Is now the time to jump across the bamboo curtain?...(more)

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.
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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)

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