The KO Chart Looks OK!

Shares of Coca Cola (KO) broke above a three month double bottom base resistance level in the $41.75 area early this month. They continued through the 200 day moving average, then pulled back to retest the former resistance-turned-support line, and…

Xilinx - Measuring the Next 12% Move Higher

Xilinx (XLNX) designs and develops programmable logic devices and associated technologies, and it has been trading in a rising triangle above a rising 50-day moving average. Shares are retesting pattern resistance and a break above this level projects another in…

T-Mobile Is Head and Shoulders Above Competitors, and That's Not Good

A head-and-shoulders top has formed on the T-Mobile US (TMUS) daily chart and a break below the neckline support level could see the stock retrace 50% of the 44% rally off its September low last year. T-Mobile has been a…

Intel - Head and Shoulders Top

Intel (INTC) shares fell more than 2% in Monday’s session, breaking below a long-term uptrend line and closing just above their 200-day moving average and the intersecting neckline of a rudimentary head and shoulders topping pattern. If this intersection of…

Five Weekly Breakout Candidates

The daily vicissitudes of price action and opinion can erode the resolve of even the most disciplined traders’ planning and lately there has been any number of differing opinions on the condition of the market. During times like this, stepping…

When Should I Exit My Position?

A piece that was published on Yahoo Finance by Brian Shannon, CMT of Alphatrends.net Entering a stock trade is easy, but knowing when to sell (or cover a short) is a source of frustration for all market participants at some…

Transports Below the 50 Day Moving Average

The Dow Jones Transportation Average Index ($TRAN) chart is overlaid with a raff regression channel. The channel width is based on the high or low that is the furthest from a linear regression, or best-fit-straight line, of price in the…

…from Thursday nights Mad Money.

Checking Back In On Crude Oil and Exxon

WTIC ($WTIC) took out the neckline of the inverse head and shoulders pattern on the weekly chart but has held for the moment in the small support area just above its 40 week (200 day) moving average. Exxon Mobil (XOM)…

A Look at the Indices and the VIX

The Russell 2000 Small-Cap Index (RUT) is lower for the sixth day in a row and has taken out multiple layers of support. It closed at 1360 and the next level of support is the 1348 channel bottom. The integrity…