December 05, 2008

ACIW Loses Momentum At Resistance -- Arthur Hill

After bouncing back to broken support, ACI Worldwide formed a bearish candlestick pattern and the MACD turned lower. This all suggests that resistance will hold and that the stock is headed lower....(more)

Breakout For Bristol-Myers -- Arthur Hill

A high-volume resistance break and relative strength point to further upside for Bristol-Myers Squibb....(more)

Which Daisy Do You Pick? -- Koos van der Merwe

The bear is dead but the corpse has yet to be buried, and the daisies on the grave have still to grow. When they do, which is the daisy you should pick?...(more)

The DJIA's RSI Divergence -- James Kupfer

The DJIA and other major equity indexes appear to be forming a bullish RSI divergence....(more)

December 04, 2008

Intel Under Pressure -- Chaitali Mohile

The rally in Intel Corp. failed under the key resistance levels on the intraday charts, but the long-term movement could decide future price action.
...(more)

Amazon Bottoming? -- Mike Carr, CMT

Amazon is showing signs of strength as the market shows signs of a bottom....(more)

A Harmonious Relationship: HMY and XAU -- Donald W. Pendergast, Jr.

Harmony Gold Mining, one of the better-performing gold stocks in the Philadelphia Gold and Silver Index, may have fairly low-risk trade setups going for both long- and short-term traders....(more)

December 03, 2008

Zenn Motor Co. Worth A Look -- Koos van der Merwe

The stock of this Canadian-based company, which develops small, all-electric vehicles, may bear some examination....(more)

With IEO, Calculated Bet On A Technical Rally -- Donald W. Pendergast, Jr.

With crude oil off by $100 since its all-time high and natural gas cut in half, some technicians believe a technical relief rally is all but inevitable for the energy sector....(more)

December 02, 2008

The DJIA's Moment Of Truth -- Arthur Hill

After a sharp four-day rally, the Dow Jones Industrial Average is nearing resistance, and the moment of truth is approaching for the bulls....(more)

Bond Yields Headed Lower -- Arthur Hill

The 10-year Treasury note yield broke long-term support to confirm a bearish continuation pattern that points to sharply lower yields over the next few weeks and months....(more)

Playing Both Sides Of The Gold Market -- Donald W. Pendergast, Jr.

For traders who are unsure of market direction, selling high-volatility, deferred-month options can be an interesting and potentially profitable alternative....(more)

December 01, 2008

Gold Outperforming Crude By Wide Margin -- Donald W. Pendergast, Jr.

Though each of these inflation-sensitive commodities has fallen from their respective highs, gold is outperforming crude oil by a wide margin....(more)

Archer Daniels Midland: Momentum Vs. Resistance -- Donald W. Pendergast, Jr.

Will strong overhead Fibonacci resistance turn ADM back down, or will the power of an established trend power right on through the barrier?...(more)

The DJIA's Divergence And Descending Triangle -- Ron Walker

The DJIA's descending triangle may turn sour if the bulls continue to thrust prices higher above key areas of resistance. However, prices could be extending their pullback....(more)

November 26, 2008

Financial Select Sector Completing Final Leg Down -- Alan R. Northam

XLF has now completed all the Elliott wave rules and guidelines for the completion of the ABC zigzag market correction. The financial market could be on the cusp of a new bull market.
...(more)

Commodity Update -- James Kupfer

Are commodities finally a buy?...(more)

Enerplus Resources Fund: Three Chances to Gain, Modest Risk -- Donald W. Pendergast, Jr.

For those still bullish on the North American oil and gas sector, Enerplus offers a chance to profit in three ways....(more)

Torrential Toronto TSX300 Index Troubles -- Koos van der Merwe

How long till the bottom?...(more)

November 25, 2008

Technically Challenged Cameco Yields Option Opportunity -- Donald W. Pendergast, Jr.

After an 80% plunge in five months, Cameco's inflated option premiums may offer creative profit opportunities for traders and investors....(more)

Royal Gold Outperforming Its Peers -- Donald W. Pendergast, Jr.

Gold is back, screaming upward in the wake of even more government bailouts, which many believe will lead to much higher inflation in the years to come. Royal Gold is the leader of the pack in the gol...(more)

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)

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