Art's ChartsApril 28, 2009 at 08:31 AM
-- Financial stocks showing relative weakness -- Stocks trading near resistance and overbought -- Bullish considerations After a big advance the last 9-10 weeks, many stocks are running into resistance...Read More
Art's ChartsApril 28, 2009 at 08:08 AM
-- Financial stocks showing relative weakness -- Stocks trading near resistance and overbought -- Bullish considerations With a bounce last week, the Nasdaq 100 ETF (QQQQ) moved above its mid April high and the S&P 500 ETF (SPY) challenged its mid April high...Read More
Art's ChartsApril 27, 2009 at 05:01 AM
Welcome to the first posting day at Art's Charts. This blog will feature bullish and bearish setups for stocks and ETFs. Every week I scan through the chart universe looking for breakouts, strong trends, reversals and key chart patterns...Read More
Art's ChartsApril 27, 2009 at 04:59 AM
Abercrombie & Fitch (ANF) is part of the retail apparel industry group and the consumer discretionary sector. ANF surged with a gap up in early April, but failed to hold this surge and filled the gap in mid April. The inability to hold the gap-surge shows weakness...Read More
Art's ChartsApril 27, 2009 at 04:58 AM
Agilent Technology (A) surged in March and then formed an ascending triangle over the last 4-5 weeks. These classic patterns are bullish continuation patterns that require confirmation with a breakout. The equal highs around 17.2 mark overhead supply (resistance)...Read More
Art's ChartsApril 27, 2009 at 04:57 AM
Centerpoint Energy (CNP) is part of the electric utilities group. The defensive utilities sector has been struggling lately, but managed a gain in the face of Monday's market weakness. Investors may turn to defense if the market weakens further...Read More
