Watch the Weekly Wicks

Watch the Weekly Wicks

The weekly charts of the S&P 500 and the DJIA show large dark or down candles formed three weeks ago followed by two futile attempts to recover positive momentum and their 10 week (50 day)moving averages. These failed recoveries formed…

Reader Chart Request: HCP and American Airlines Group

Reader Chart Request: HCP and American Airlines Group

(Remember my analysis reflects my personal opinion of the technical condition of a particular stock chart, and is not to be considered as a recommendation to buy or sell a stock.) HCP (HCP) HCP (HCP) is a health care REIT…

Keep a Wary Eye on Netflix

Keep a Wary Eye on Netflix

A reader asked if I would take a look at the Netflix chart: The weekly chart shows the stock moving in a wide horizontal channel for about a year before breaking resistance in April, and rallying to just above the…

Follow-Up on Apple Analysis

Follow-Up on Apple Analysis

Last week a reader asked if I would take a look at the Apple chart. I spotted a small eveningstar pattern on the daily chart which suggested a pullback and that proved to play out this week. The trend on…

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…

Reader Request: Michael Kors

Reader Request: Michael Kors

Michael Kors (KORS) shares have retraced half of their historical range, tracking below their 50 day moving average since about this time last year. They are currently at the 50% Fibonacci retracement level of their IPO price in 2012 and…

Reader Request: Wal-Mart Chart

Reader Request: Wal-Mart Chart

A reader asked if I would take a look at the Walmart chart. Shares of Wal-Mart (WMT) traded in a horizontal channel for most of 2014 before breaking above channel resistance in November and rallying into year end. They reversed…

Reader Request: Buffalo Wild Wings

Reader Request: Buffalo Wild Wings

Mike asked me to take a look at the Buffalo Wild Wings (BWLD) chart. The last time he requested my technical take was on El Pollo Loco (LOLO), so he obviously enjoys his chicken. Shares of BWLD fell sharply last…

Reader Request: Chipotle on Multiple Time Frames

Reader Request: Chipotle on Multiple Time Frames

A reader asked if I would take a look at the Chipotle chart: A large engulfing candle formed on the weekly chart, encompassing the trading range of the previous two months. The 10 week (50 day) and 40 week (200…

El Pollo Loco Analysis on Multiple Timeframes - Potential for Breakout

El Pollo Loco Analysis on Multiple Timeframes – Potential for Breakout

Mike is a regular reader and he asked if I’d take a look at the El Pollo Loco chart. Here goes: El Polo Loco Holding (LOCO) has been trading for less than a year and on the weekly timeframe many…