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It's Not Wise To Chase Gaps

by Tom Bowley

You have to keep in mind that when everyone wants to buy a stock (or sell a stock), it's the market makers job to provide liquidity and take the other side of the trade... Read More 

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PACCAR (PACR) Moves Above Resistance - Why You Should Know

by Greg Schnell

PACCAR (PACR) represents an important link in the movement of goods. PACCAR is the parent company of Kenworth, Peterbilt and DAF. Trucking companies buy new trucks to replace the old fleet as it wears out and they add additional units when they have new demand... Read More 

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This Small Technology Company Is Drifting Back To Support

by Tom Bowley

When a stock breaks out to fresh highs with light volume, a negative divergence and overbought oscillators, you need to be on high alert for a period of selling. That's exactly the signal that ORBCOMM (ORBC) provided astute traders as we entered April... Read More 

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Jacob's Engineering Hits That Line In The Screen - JEC

by Greg Schnell

The story that stocks stop at resistance couldn't be demonstrated more clearly than reviewing this Jacob's Engineering (JEC) chart. This stock has stopped 9 times rallying to $45... Read More 

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The Other QQQ is Still Holding Up

by Arthur Hill

The Nasdaq 100 ETF (QQQ) is one of the weakest of the major index ETFs right now because of several large-caps within the ETF. Note that Apple (-10%), Facebook (-6%), Google (-6.5%) and Microsoft (-8%) are all down sharply this month... Read More 

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Can This Chemical Company (FMC) Start To Accelerate With Lithium?

by Greg Schnell

FMC Corp is a large cap specialty chemicals manufacturer in the materials sector. With three business divisions now, the agricultural arena dominates their earnings but the Lithium business is starting to perk up. The FMC chart below rolled over in June 2014... Read More 

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Micro-caps Take the Lead

by Arthur Hill

The appetite for risk has increased over the past month with small-caps, mid-caps and micro-caps leading the market higher. The PerfChart below shows one-month performance for the S&P 500 SPDR (red) and seven other broad market index ETFs... Read More 

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Helix Energy Breaks Out, SCTR Surges Above 90

by Tom Bowley

Energy stocks have been strengthening throughout 2016 and Helix Energy Solutions (HLX) is a small $900 million market cap company that just broke out his past week... Read More 

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Five Prime Therapeutics (FPRX) Makes New All Time Highs

by Greg Schnell

Five Prime Therapeutics (FPRX) is a small cap that trades about 600,000 shares per day. This week it is poking up to new all-time highs. In the wild world of Biotech, this stock has built a wide-ranging but solid uptrend... Read More 

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A Dramatic Shift in Sector Rotation this Month

by Arthur Hill

There has been a clear changing of the guard in April and chartists can see this change with a PerfChart on two different timeframes. The first PerfChart shows performance for the nine sectors SPDRs and SPY for the first three months of the year... Read More 

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Petrobras (PBR) Breaks Above A Major Support Resistance Line

by Greg Schnell

Petrobras (PBR) has been pummelled on the back of a weak Brazil and a weak oil price. Scanning through the charts today, this looks pretty interesting here as it breaks above a major support and resistance level... Read More 

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Accumulation Distribution Line Leads Big Move in EA

by Arthur Hill

Electronic Arts (EA) got a big bounce off support with expanding volume and a strong Accumulation Distribution Line. On the price chart, EA plunged in late January and early February on high volume and this looks like a selling climax... Read More 

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Slowing Momentum WAS A Problem For This Insurer

by Tom Bowley

Negative divergences that appear on daily charts tend to take a couple weeks to play out before we see momentum potentially resume back to the upside. That seems to be where Progressive Corp (PGR) currently stands... Read More 

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Bank Of America (BAC) Shows The Bull Bear Debate

by Greg Schnell

Much has been made of the stock market's recent strength with the $SPX continuing to push above the 200 DMA. One of the underlying concerns for the rally has been the lack of participation for the banks... Read More 

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Banks Ignore Earnings Shortfall, Challenge Price Resistance

by Tom Bowley

The Dow Jones U.S. Banks Index ($DJUSBK) soared on Wednesday after JP Morgan Chase (JPM) delivered better than expected quarterly earnings results. The strength in JPM sent the DJUSBK to the doorstep of a significant price breakout above 300... Read More 

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FTSE Leads Europe and Turns Positive Year-to-date

by Arthur Hill

Today's stock market rally started in Asia, extended into Europe and carried through to the US this morning. The major European indices were sharply higher with the London FTSE ($FTSE) leading the charge... Read More 

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Has The Starbucks SBUX Chart Got A Leak?

by Greg Schnell

Starbucks has been one of the strongest stocks in the last 5 years. It's been a fantastic uptrend. Recently the stock has started to show some signs of investor deterioration as the price action has started to underperform... Read More 

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Alcoa Stalls at Resistance as Earnings Kickoff Looms

by Arthur Hill

Alcoa (AA) kicks off first quarter earnings with its report today after the market close. I have no idea about earnings or how the stock will react, but price is at a most interesting juncture as a consolidation takes place just below resistance... Read More 

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Asset Managers Failing At Price Resistance And Rolling Over

by Tom Bowley

Last week was horrible for financial stocks as the XLF tumbled 2.86%. Investment services ($DJUSSB) and asset managers ($DJUSAG) were at the bottom of the heap with losses of 6.00% and 3.94%, respectively... Read More 

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Are You Aware Of The Rubicon Project (RUBI)?

by Greg Schnell

The world of advertising is evolving dramatically. We all know how Google and Facebook have changed the online ad world. The Rubicon Project (RUBI) is trying to change the way corporations buy advertising. The company name is The Rubicon Project... Read More 

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This Food Company Serving Up A Cup With Handle

by Tom Bowley

Kraft Heinz Co (KHC) has been uptrending for several years. On its high in August, however, a negative divergence appeared on its weekly chart and, as a result, KHC sideways consolidated for the past 8 months... Read More 

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Harley Davidson (HOG) Goes Off Road

by Tom Bowley

Volume is triple its normal daily volume and Harley Davidson (HOG) is down more than 7% today, but technical analysis flashed many warning signs on both the daily and weekly charts... Read More 

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Intercept Pharmaceuticals (ICPT) Breaks From A Base

by Greg Schnell

Intercept Pharmaceuticals (ICPT) has started to look a little more promising. After going ballistic back in January 2014 where the stock went up 7X in a few days, Intercept has been in a slow decline from those fairytale heights. Today, the SCTR ranking broke above 75... Read More 

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Raytheon (RTN) Breaks A Continuation Wedge

by Greg Schnell

Raytheon (RTN) and Northrop Grumman (NOC) both have SCTR's above 75 and are looking strong in the face of many charts trying to get back above their 200 DMA's. I like Raytheon a little bit more today because of the conditions of the chart... Read More 

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American Tower (AMT) Makes New 52 Week Highs

by Greg Schnell

American Tower (AMT) has traded in a wide range over the last year. However, this week starts off with a fresh kick to new highs. The SCTR ranking is pushing up to 86 which I like. The relative strength broke to new highs... Read More 

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March Rotation Doesn't Support Rally

by Tom Bowley

In order to determine the sustainability of market rallies, following the rotation between certain sectors or indices can be quite helpful... Read More 

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What Was I Thinking (LAMR)?

by Greg Schnell

In the world of advertising, few things distract you as much as the billboard. The job of the billboard is to get your attention and change your thinking. Lamar Advertising (LAMR) broke through to new highs back in December, drawing my attention to the stock... Read More