Reader Request: General Electric Chart

Reader Request: General Electric Chart

On August 23rd, I highlighted the eveningstar formation on the General Electric (GE) daily chart. Since then, the stock price has broken a two year uptrend line, but has been holding right around the confluence of its 50 and 200…

A Large Ascending Triangle on the Netflix Weekly Chart

A Large Ascending Triangle on the Netflix Weekly Chart

A large ascending triangle has been forming on the weekly chart of Netflix (NFLX) for most of the year. The trend is obviously higher, but the MacD is in bearish divergence to price and volume is dropping off. The pattern…

Europe iShares Update

Europe iShares Update

Those Fibonacci retracement levels on the charts of the major Europe iShares that I highlighted a few days ago continue to provide resistance, which could be an issue for European stocks and ultimately our market going forward. The trajectory of…

Two Potential Fertilizer Plays

Two Potential Fertilizer Plays

Here are two stocks in the fertilizer space that are testing important technical levels and have good price momentum and positive money flow. The daily chart of Mosaic (MOS) shows the stock pressing a zone in the $48.00 to $48.25…

Goldman Sachs Retests Key Level

Goldman Sachs Retests Key Level

Shares of Goldman Sachs (GS) broke above their July highs earlier this week and are retesting that level in today’s session. A small hammer candle is forming on the daily chart at the former-resistance-turned-support level. If this level is maintained…

US Dollar - Long Tern Fibonacci Retracements

US Dollar – Long Tern Fibonacci Retracements

This is a weekly chart of the US Dollar Index ($USD) and while the most recent candle is not completely matured, note how the Fibonacci retraement levels drawn off the 2010 high and the 2011 low have helped define areas…

Europe iShares - Doji Stars at Retracement Levels

Europe iShares – Doji Stars at Retracement Levels

A gravestone doji star has a narrow opening and closing price near the low of its overall range. This forms a large upper wick that suggests intraday buying pressure was met with greater selling pressure. The candle often occurs near…

Three Triangle Trades

Three Triangle Trades

Here are three stocks I’m watching, that have been consolidating in triangle patterns and have positive price momentum indications and improving money flow. Envision Healthcare Holdings (EVHC) has been making higher lows for the last two months, but has been…

China, the Balitc Dry Index, and Tom DeMark

China, the Balitc Dry Index, and Tom DeMark

Last week here and on RealMoneyPro.com, I highlighted a Bloomberg article quoting noted market technician Tom DeMark’s bearish call on the China stock market. He expected the move lower to begin over the next several days and this has not…

Lights Out for General Electric?

Lights Out for General Electric?

General Electric (GE) has been strongly correlated to the S&P 500 index as it has moved above a two year uptrend line that tracked along with its 200 day moving average. In July, it broke that trend line and the…