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Semiconductors Surge To Fresh New Highs

by Tom Bowley

Just a couple days after finally clearing two month resistance at 1950, the Dow Jones U.S. Semiconductor Index closed above 2000 for the first time in 14 years late last week... Read More 

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FireEye (FEYE) Threatens To Break Out

by Greg Schnell

FireEye (FEYE) has been a stormy stock. It launched onto the exchange with an IPO price of $20, but the opening week doubled. After a massive first week, the stock tried to find a level between $33 and $44. The next three months built a consolidation pattern in that range... Read More 

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ABIOMED Testing Gap Support

by Tom Bowley

ABIOMED (ABMD) has fallen much of the past three weeks after surging on better-than-expected quarterly earnings results on May 5th. ABMD posted revenues of 67.56 million in its latest quarter, easily surpassing Wall Street forecasts of 62.33 million... Read More 

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Palladium Holds Up Better than Gold

by Arthur Hill

The Palladium ETF (PALL) caught my eye on Tuesday because it held up quite well when other metals were getting hit hard. Gold was down around 1.5%, while platinum and silver fell around 2%. PALL was down just .26% and the ETF is edging higher in early trading on Wednesday... Read More 

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Live Nation (LYV) Shoots For The Stars

by Greg Schnell

Live Nation (LYV) is the premier ticket booking system for concerts with website properties like Ticketmaster. Today, Live Nation broke to new all time highs. This chart looks bullish making new highs while the overall market was down 1%. That's a nice show of strength... Read More 

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Shake Shack (SHAK) Is Shakin' All Over !

by Greg Schnell

Every now and then a new stock comes into the market that appeals to a wider audience that just regular investors. Recently Shake Shack (SHAK) went public as a burger joint with some seriously good management behind it... Read More 

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Penn National (PENN) Awaiting Breakout

by Tom Bowley

The Dow Jones U.S. Gambling Index ($DJUSCA) has been under pressure for quite some time with many gambling stocks under pressure as well... Read More 

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What Matters Most for the S&P 500?

by Arthur Hill

The S&P 500 is in the midst of one of the strongest and most consistent trends ever. The chart below shows the S&P 500 twice. The top window shows the index with a 7% Zigzag indicator in pink and the bottom window shows a 10% Zigzag... Read More 

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Johnson & Johnson Jumps (JNJ)

by Greg Schnell

Johnson & Johnson (JNJ) had a great day on Monday. However, on the chart, JNJ had some meaningful technical signals. Starting at the top in purple, The relative strength is turning to the upside after being in a downward trend. It is at 1 month highs and the ... Read More 

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Dow Joins S&P 500 with New High

by Arthur Hill

The S&P 500 hit a new high last week and the Dow Industrials followed suit with a new high this week. Overall, the Dow broke triangle resistance with a surge on Thursday and this breakout signals a continuation of the current uptrend... Read More 

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Deere (DE) Has Trouble Breaking Higher Ground

by Greg Schnell

On Thursday, Deere and Co. (DE) pushed to new highs. But the equipment could not hold the breakout and rolled over swiftly falling hard today. Deere is sitting at a critical point on the chart... Read More 

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Paccar Holds Big Breakout and Goes for Another

by Arthur Hill

Paccar (PCAR) sports a bullish looking chart with two breakouts in as many months. The stock surged from October to December and then corrected with a decline that retraced 62%. After three bounces off the 62% retracement area, the stock broke out with a surge in mid-April... Read More 

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Will Sotheby's Get A Bid After Christie's Sells Picasso's Women Of Algiers for $179.3 Million?

by Greg Schnell

The art world is abuzz with Picasso's Women of Algiers selling for $179.3 Million where the commissions to Christie's were 12% or $19.3 Million! That all wraps up as a selling price of $160 Million... Read More 

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Energy SPDR Fails at Long-term Moving Average

by Arthur Hill

The Energy SPDR (XLE) is in a long-term downtrend and it looks like the short-term uptrend reversed over the last few days. The chart below shows XLE failing at the falling 200-day moving average with a bearish engulfing last week and breaking below short-term support at 81... Read More 

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With The Russell Starting To Underperform, Watch The Action Closely

by Greg Schnell

Recently the Russell 2000 was outperforming the $SPX. Early in April, it stopped out-performing as you can see on the purple ratio. As the Russell Tracking ETF (IWM) hit new highs, it was underperforming the $SPX as the purple area drifted lower... Read More 

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BroadCom Forms Bullish Continuation Pattern

by Arthur Hill

It has been a rough month for stocks overall, but Broadcom (BRCM) is bucking the selling pressure and challenging resistance. There are two bullish continuation patterns possible on this chart. First, an inverse head-and-shoulders pattern extends back to early March... Read More 

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Merck Holds Up and Outperforms its Sector

by Arthur Hill

Stocks have been under pressure the last eight days with the S&P 500 SPDR (SPY) down around 2% from its late April high and the HealthCare SPDR (XLV) down around 4% from this high... Read More 

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A Rough Ride for Utilities

by Arthur Hill

The chart below shows the Sector MarketCarpet over the last five days (29-Apr to 5-May) and utility stocks are the weakest. The average stock in the sector is down over 2% during this timeframe, which is why the box is dark red... Read More