Market Averages Tale of Three Trends

Market Averages Tale of Three Trends

Which way did stocks trend in July? The major market index charts are giving different answers to that question. The NASDAQ Composite Index tracked higher last month, while the S&P 500 index moved sideways, and the Dow Jones Industrial Average…

Apple Buyers Need to Be Patient

Apple Buyers Need to Be Patient

Traders should exercise discipline before buying into Apple’s (AAPL) recent momentum. The stock is testing a long term technical resistance level, be patient and let the stock tell you when to when to enter a position. This is my multiple…

The Crude Oil Picture on Multiple Timeframes

The Crude Oil Picture on Multiple Timeframes

Light Crude Oil ($WTIC) retreated from the $50.00 level last month and has now moved back down to retest its 200 day moving average. The average has supplied important resistance and support (mostly resistance) for the last two years, and…

Will Baidu's Earnings Be a Catalyst for a Volatile Move?

Will Baidu’s Earnings Be a Catalyst for a Volatile Move?

Baidu (BIDU) shares are undergoing a volatility squeeze and the company reports earnings after the close today. Here’s my analysis of the chart published on TheStreet.com this morning.

Here's Why the Biotech Sector Is Due for a Pullback

Here’s Why the Biotech Sector Is Due for a Pullback

My multiple time frame analysis of the iShares Biotechnology ETF (IBB) published on TheStreet.com this morning.

Terex Shares Are Getting a Lift from the Technicals

Terex Shares Are Getting a Lift from the Technicals

My analysis of the Terex (TEX) weekly and daily chart posted on TheStreet.com this morning.

S&P 500 Establishing a New Support Level

S&P 500 Establishing a New Support Level

It was just a month ago that 2040 was well tested channel support on the S&P 500 chart. The explosive rally off the brief penetration of that level has taken the index through channel resistance, and the pause in that…

Disney Can't Get Into Triple Digits

Disney Can’t Get Into Triple Digits

Here’s a link to my article on Disney (DIS) published on TheStreet.com this morning.

Index Resistance Levels in the Rearview Mirror

Index Resistance Levels in the Rearview Mirror

There is no former resistance on the S&P 500 or DJIA charts and the NASDAQ and the Russell 2000 indices are piercing through the remaining levels on their charts. It seems unlikely this rally can proceed without some period of…

Microsoft Hits Macro Resistance

Microsoft Hits Macro Resistance

My piece on Microsoft (MSFT) published on TheStreet.com this afternoon.