Keep an Eye on the Biotech ETF

Keep an Eye on the Biotech ETF

The Biotech iShares (IBB) ETF ran into a resistance zone between the 50 day moving average and $333.00 area. This sector has been a momentum leader, so a shift in trend could have a negative effect on the broader market.

Potential Bearish Eveningstar Pattern on S&P Chart

Potential Bearish Eveningstar Pattern on S&P Chart

The sell-off in the last two hours of trading created a dark candle on the daily S&P 500 index chart, and possibly the final component piece of an eveningstar bearish reversal formation. The eveningstar pattern consists of a large white…

The Witching Hour for the SPY

The Witching Hour for the SPY

The market action this week was subdued, but there were some volatile intraday moves and those moves were all initiated in the 2:00 o’clock hour. The 10 minute chart of the S&P SPDR (SPY) illustrates this, including today’s sharp decline…

Caterpillar - Digging Itself Out of a Hole

Caterpillar – Digging Itself Out of a Hole

Here is a link to my analysis of the Caterpillar chart published on TheStreet this morning.

Index Update

Index Update

The momentum this month in the broader market has been powerful and has laid waste to several key resistance levels. In yesterday’s session the major averages were all up over one percent but the Russell 2000 index, the underperformer until…

“Off The Charts” Oil Analysis on Mad Money

It is always a pleasure to work with Jim Cramer and his staff, and be featured on the “Off The Charts” segment of Mad Money.

Russell Reversal

Russell Reversal

The Russell 2000 index ($RUT) is pulling back today from a retest of resistance, action that closely resembles what we’re seeing in the Transportation average. Earlier in the week, I noted the morningstar pattern on the Russell weekly chart and…

Transports Trounced

Transports Trounced

The transports are getting trounced today despite the pullback in oil prices. They have been making series of higher lows since their August low under horizontal resistance in the 8300 area. Over the last three weeks there was further consolidation…

LinkedIn Analysis on TheStreet

LinkedIn Analysis on TheStreet

Here is a link to my article on LinkedIn published on TheStreet this morning.

Becton Dickinson Article on The Street

Becton Dickinson Article on The Street

Here is a link to my article on Becton Dickinson published on The Street this morning.