PVH Breakout

PVH Breakout

For most of the year it looked like PVH (PVH) was in the process of forming a rounded top on its weekly chart. The higher low in October, however, caused the complexion of the chart to change and turned a…

Starbucks Bearish Star Cluster

Starbucks Bearish Star Cluster

The bearish star cluster on the Starbucks (SBUX) chart highlighted last week preceded price action this week that has taken the stock down below the recent breakout level of its 2013 all-time high. The MacD has made a bearish crossover…

IWM - Morningstar Pattern

IWM – Morningstar Pattern

There is interesting technical action on the Russell 2000 iShares (IWM) fund daily chart. On Monday, the bottom end of the small channel it has been trading in for the last month was penetrated by a large dark candle, the…

10 Year Yield Bounce

10 Year Yield Bounce

The 10 Year Note Yield is bouncing off the support line of a descending channel. It’s a short term move in the context of a longer term trend.

Crude Bounces on Cue

Crude Bounces on Cue

Last week, I suggested that the spot price of crude oil was nearing a potential bottom, based on a target measured off a multi-year triangle formation. Today the price of the commodity bounced off that specific level, and it looks…

Alibaba Breaking Above Downtrend Line

Alibaba Breaking Above Downtrend Line

Shares of Alibaba Group Holding (BABA) pulled back from their November high to a 50% retracement of their historic range. The downtrend line created by the one month decline was broken in today’s session. A close in upper candle range…

Watch This Amazon Support Level

Watch This Amazon Support Level

Amazon (AMZN) shares are down 4% this week and headed towards their October lows. The price action this year has formed a declining triangle, with pattern support at the 50% retracement level of the 2012 /2014 range. This reinforced level…

Social Media Triangle Breakdown

Social Media Triangle Breakdown

The Global X Social Media Index Fund (SOCL) has broken through the support line of the large symmetrical triangle pattern it has been trading in this year, and closed on the 50% retracement level of its historic range.

Wild Wicks on the Index Charts

Wild Wicks on the Index Charts

Wild wicks today on the index charts. They gapped down at the open, rose sharply higher, then closed back near their opening levels, and below their 50 day moving averages. There is little in the way of technical support on…

Google Testing 2014 Low Channel Support Line

Google Testing 2014 Low Channel Support Line

Google (GOOGL)shares are penetrating their 2014 lows, and the support level of the large channel they have been trading in this year.