Amazon Testing Fibonacci Resistance

Amazon Testing Fibonacci Resistance

Shares of Amazon (AMZN) have been trading within a set of Fibonacci retracements measured off their 2014 range. The January to May decline found support at the 50% retracement level of the 2012 low and the 2014 high, setting the…

Exxon Mobil Mutiple Basing Patterns

Exxon Mobil Mutiple Basing Patterns

Shares of Exxon Mobil (XOM) have formed multiple basing patterns on the daily chart over the last two months, but have been unable to sustain a breakout move. This month they have been trading in a range between the 50…

Agribusiness Fund Breaking 5 Year Rising Triangle Resistance

Agribusiness Fund Breaking 5 Year Rising Triangle Resistance

The Market Vectors Agribusiness (MOO) fund is breaking above 5 year rising triangle resistance. The top 10 Holdings of the Fund include: Monsanto Company Common Stock (MON) 8.12 Syngenta AG Common Stock (SYT) 7.11 Deere & Company Common Stock (DE)…

Linkedin Testing Gap Support

Linkedin Testing Gap Support

There were lower highs on the Linkedin (LNKD) chart this month, along with a two month MacD divergence. A gap just below the low of the month contains the 50 day moving average, similar to the August/ September gap and…

Disney Breaking Ranks with the S&P 500 Index

Disney Breaking Ranks with the S&P 500 Index

Shares of Walt Disney (DIS) have been strongly correlated to the S&P 500 since the 2009 low. There have been periods of dislocation, of course, and the stock and the index are currently in one of those periods. Disney shares…

Index Update- Multiple Timeframe Analysis

Index Update- Multiple Timeframe Analysis

The major indices posted gains on Friday, but the charts reveal price action that was less positive than the closing numbers might indicate. Intraday reversals formed large high wick or upper range candles on the DJIA and S&P 500 index…

$TSLA Tests 50 Day Moving Average

$TSLA Tests 50 Day Moving Average

Tesla (TSLA) recaptured a long-term uptrend line and filled the October gap last week, but stumbled today dropping 3.8% in the session. The stock price is re-testing its 50 day moving average, currently at the bottom end of the gap,…

GoPro Testing Necline resistance

GoPro Testing Necline resistance

Shares of GoPro (GPRO) are testing the neckline of an inverse head and shoulders continuation pattern on the daily chart. The Relative Strength Index is tracking above its centerline, and the MacD is making a bullish crossover just above its…

Regeneron Pharmaceuticals Breaks Channel Resistance

Regeneron Pharmaceuticals Breaks Channel Resistance

I’ve been following the movement of Regeneron Pharmaceuticals (REGN) shares within a series of price channels for some time, and this week they are breaking above the most recent level of resistance. If they were to hold this level and…

US Dollar in a Box

US Dollar in a Box

The US Dollar Index (USD) has moved back up to the highs of 2009 and 2010, and the trade around the question of whether it breaks to new highs or pulls back from this level, may be determined by the…