Kellogg - Snap, Crackle, Drop

Kellogg – Snap, Crackle, Drop

Kellogg (K) reported a 15% drop in quarterly profit before the market opened today, and the stock price dropped over 6% in a session that saw broad based selling.

Patterns (con't) - Wal-Mart, Google, Exxon Mobil

Patterns (con’t) – Wal-Mart, Google, Exxon Mobil

Continuing our look at particular charts and patterns in the context of today’s sell-off. Goggle (GOOGL) broke through an uptrend line drawn off the lows since May, and returned to its 50 day moving average, just above the 62%retracement level…

Broad Based Damage and Individual Charts

Broad Based Damage and Individual Charts

The damage today was broad based and volume strong. I’ll be looking at the index charts on multiple time frames in detail tomorrow and over the weekend. In the meantime, here are some particular stocks trading in clearly defined technical…

DOW Triangle and S&P Channel Breakdowns

DOW Triangle and S&P Channel Breakdowns

The S&P 500 index broke above the neckline of an inverse head and shoulders pattern in May, and then advanced higher, to the area of the pattern target price projection. It reached that goal in June and has since moved…

Check on Europe iShares

Check on Europe iShares

Several of the Europe iShares were positioned to test important support levels. At this point in today’s session the Germany and France funds have broken through those levels and their 200 day moving averages. The Spain and Italy funds are…

Does Trading Affirm Who You Are or Compensate For Who You Aren't?

Does Trading Affirm Who You Are or Compensate For Who You Aren’t?

I posted this link yesterday and think it is important enough to re-post just in case you missed it. It speaks to what motivates us to trade and whether it is affirming a positive or negative aspect of our character….

Which Professions Have the Most Psychopaths?

Ever wonder which professions had the most psychopaths? Or the least? Take a guess and then check out the link.

Weekly Index Chart Check and $UUP, $EUO, $TLT, $TBT

Weekly Index Chart Check and $UUP, $EUO, $TLT, $TBT

The trend on the weekly index charts is higher. They continue to hold above their 10 week (50 day) moving averages, the Russell just barely, and the 10 week averages are above the 40 week (200 day) averages. There are…

Reader Chart Request: Chemed - 41% Rally/41% Short Interest

Reader Chart Request: Chemed – 41% Rally/41% Short Interest

Richard asked if I’d take a look at the Chemed (CHE) chart. Here’s an interesting company with an interesting technical profile. Chemed (CHE) operates in two segments, hospice services and drain cleaning. They provide palliative care through a network of…

When Was the First High Five?

When Was the First High Five?

It happened during a Dodger game in 1977, between Dusty Baker and Glenn Burke.