Reader Request: Technical Look at  Apple on Multiple Timframes

Reader Request: Technical Look at Apple on Multiple Timframes

A reader requested a look at the Apple (AAPL) chart. The weekly chart is a thing of beauty, highlighting a series of higher lows and higher highs. In between uptrending periods are clearly defined horizontal channel consolidations. The stock price…

Technical Analysis of the Major Indices on Multiple Timeframes

Technical Analysis of the Major Indices on Multiple Timeframes

Let’s take a look at the major indices on multiple timeframes starting with the monthly view. These charts are, for the most part, picture perfect examples of uptrending markets, with the 13 period moving averages tracking higher and above the…

Bearish Eveningstar Pattern on the S&P 500 Chart

Bearish Eveningstar Pattern on the S&P 500 Chart

An eveningstar candlestick pattern has formed on the daily S&P 500 index chart. This is a three-day bearish reversal pattern that consists of a large white up day, followed by a narrow opening and closing range “doji” candle (in this…

Tranny Trouble

Tranny Trouble

The transports are breaking below the base support line of a large triangle top pattern on the weekly chart, and the 10 week (50 day) moving average is crossing below the 40 week (200 day) average.

U.S. and Germany: A Symbiotic Relationship

U.S. and Germany: A Symbiotic Relationship

The Germany iShares (EWG) fund has been unable to make a new closing high this month, and diverged from the S&P 500 in Friday’s session, down more than a percent lower than the U.S. index. There has been a close…

S&P 500: Simple Analysis

S&P 500: Simple Analysis

Let’s keep the analysis simple: the breakout came on weak volume and it looks like the index will be retesting resistance-turned-support. So, watch 2120 as support but keep an eye on 2135 as resistance, and be skeptical until volume improves…

General Electric Lighting It Up

General Electric Lighting It Up

General Electric (GE) shares have underperformed relative to the S&P 500 index for the last three years. Year-to-date, however, GE is lighting it up with a 10.5% return on investment compared to a 3.2% return in the index. The long…

Sally Beauty Holdings: Attractive on Multiple Timeframes

Sally Beauty Holdings: Attractive on Multiple Timeframes

On the weekly chart you can see the stock has recently tested a number of support lines and the 40 week (200 day) moving average, and is currently up against resistance that marked the 2013 and 2014 highs. On the…

China Stock Market Warning:  "Go Away!"

China Stock Market Warning: “Go Away!”

“Go Away!” The warning from the China navy to the U.S. surveillance plane flying over a “fake” or man-made China island may good advice for investors in their, as some believe, “fake” or manipulated stock market. At least, “Take some…

McDonalds Testing One Year Channel Resistance

McDonalds Testing One Year Channel Resistance

This is a weekly chart but McDonalds (MCD) is up 2.7% today, taking the stock price above the top end of a large one year channel pattern. It remains to be seen if the weekly candle can hold and close…