The S&P 500 is in Transition on the Monthly Chart

The S&P 500 is in Transition on the Monthly Chart

The monthly chart of the S&P 500 index reveals an interesting transition in momentum that has occurred over the last four months. A strong bullish white candle formed in July which penetrated the resistance line of a horizontal channel the…

A Quick Short Trade in GoPro Ahead of Earnings

A Quick Short Trade in GoPro Ahead of Earnings

GoPro (GPRO) shares are breaking a key technical support level ahead of earnings this week. Here’s my take on the chart published on TheStreet this morning.

Dr. Copper on the Road to Recovery

Dr. Copper on the Road to Recovery

Copper has lost over half of its value in the last four years, but this year it has been attempting to consolidate in an effort to halt the decline. The daily chart shows the consolidation as a period of lower…

The Amazon Eveningstar Pattern Marked the Top

The Amazon Eveningstar Pattern Marked the Top

There were signs of technical deterioration on the Amazon (AMZN) chart ahead of the earnings report, as I noted on The Street on 10/19.. The weekly eveningstar pattern marked the recent high and the post earnings report drop took out…

The Russell 2000 Breaks Support

The Russell 2000 Breaks Support

The chart of the daily iShares Russell 2000 ETF (IWM) shows it currently breaking below the uptrend line drawn off the lows of the year and a horizontal support which are intersecting in the $120.00 area. Late session heroics in…

Buy the Waste Management Breakout

Buy the Waste Management Breakout

Shares of Waste Management (WM) broke above resistance after a positive earnings report on Wednesday and they look based to continue higher. Linkage to my article published on The Street this morning.

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Netflix -- The Ultimate Short Strategy

Netflix — The Ultimate Short Strategy

A severely overbought condition sets up the trade for Netflix, and the recent high sets the stop. Here’s the strategy as published on The Street this morning.

WebMD May Be a Healthy Long Candidate

WebMD May Be a Healthy Long Candidate

The stock is breaking out of a basing pattern ahead of next week’s earnings report. Here’s a link to my take on the chart, published on The Street this morning.

The S&P 500 Sending Some Early Bullish Signals

The S&P 500 Sending Some Early Bullish Signals

The S&P 500 is positioned right in the middle of its trading range, and just below the 50 day moving average. The price action is neutral but there are some initial bullish technical signs. The daily chart outlines the parameters…