One Of These Indices Does Not Look Like the Others

One Of These Indices Does Not Look Like the Others

The weekly index charts continue to look strong after breaking through resistance and closing near their highs. But there is always something to lean negative about if you look hard enough. Can you see the potential head and shoulders top…

Trading Biases – I Think I Got Them All

Every trader carries some emotional baggage that can influence their strategies. Follow the charts and not your heart.

10 Year Treasury Yield at Support

10 Year Treasury Yield at Support

On May 14th I noted that the 10 year treasury yield was breaking down from a channel consolidation pattern, that projected to the 2.40% area. It’s reached that target, which is also the 38% retracement level of the 2012 low…

Disney and MMM and Broader Market

Disney and MMM and Broader Market

I keep one eye on Disney (DIS) and the other on MMM (MMM) as proxies for the broader market. Disney is completing a rounded bottom continuation formation and MMM is trending higher after a mild pullback in April, and a…

Weekend Chart Requests

Taking a look at your chart requests, comments, and suggestions this weekend. Send them along to www.rightviewtrading.com

Tesla - Spinning Its Wheels or Gaining Traction?

Tesla – Spinning Its Wheels or Gaining Traction?

Tesla (TSLA) is hanging in above its 50 day moving average and the 38% retracement level of the December 2013 low and the February 2014 high. The question is: is the stock spinning it wheels or gaining traction?

Dollar General (DG) Breaking Triangle Support

Dollar General (DG) Breaking Triangle Support

Shares of Dollar General (DG) have come off over 14% from their January high, making a series of lower highs and lower lows in a declining triangle pattern. Today the stock is breaking through the lower end of the triangle…

InterActiveCorp (IACI) on the Road to Recovery

InterActiveCorp (IACI) on the Road to Recovery

Shares of IAC/InterActiveCorp (IACI) corrected more than 20% after making new highs in March this year. The stock returned to its 200 day moving average and filled a gap from late last year. This week it broke above the downtrend…

XOM - Running Out of Gas? (Sorry)

XOM – Running Out of Gas? (Sorry)

Shares of Exxon Mobil (XOM) were down fractionally yesterday but formed a very weak gravestone-like doji candle on the daily chart. This candle has a narrow opening and closing range near the bottom of its overall range, and suggests attempts…

Someone's Got To Say It: Google's Driverless Car Looks Silly

Someone’s Got To Say It: Google’s Driverless Car Looks Silly

The technology is awesome and will, at some point in the future, change the course of ground transportation. Google’s first fully autonomous motor vehicle is just one more example of the genius that is at the core of the company….