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Second Shoe Looks Poised to Drop for Whole Foods

by Arthur Hill

It has been a rough summer for Whole Foods Market (WFM) as the stock plunged in June and late July. Both declines were sharp and featured big gaps. The stock did bounce between the two declines, but formed a lower high in late July... Read More 

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Goldman Sachs (GS) Bags Fresh 6 Month Highs

by Greg Schnell

Goldman Sachs (GS) is a big name financial that broke out to new 6-month highs today. Citi (C) also broke out to new 6-month highs... Read More 

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Insurance SPDR Leads Finance Related ETFs

by Arthur Hill

Stocks in the finance sector have been strong the last four days with the Insurance SPDR (KIE) showing chart leadership... Read More 

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Nautilus Does Some Heavy Lifting On Friday

by Tom Bowley

Nautilus (NLS) officially became a technical heavyweight on Friday as its stock price soared through price resistance to a fresh new 52 week high, bouncing bullishly off its rising 20 day EMA in the process... Read More 

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Bank Of America (BAC) Approaches 2016 Highs

by Greg Schnell

Bank Of America (BAC) has been migrating higher over the last few months off the Brexit lows. As Bank Of America approaches the highs for 2016, the chart has some interesting traits. The last time BAC got near $15, the SCTR ranking was poor, sitting around 30... Read More 

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Slowing Momentum And Negative Divergences Are Wreaking Havoc On Equities

by Tom Bowley

The U.S. stock market has been suffering from a series of negative divergences that have run rampant throughout many sectors and industry groups. As one weakening group sells off, money rotates to another strengthening group... Read More 

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Oil & Gas Equip & Services SPDR Breaks Wedge and Underperforms

by Arthur Hill

The Oil & Gas Equip & Services SPDR (XES) looks vulnerable because the bigger trend is down and the ETF just broke a wedge trend line. The chart shows the 50-day EMA (green) below the 200-day EMA (red) and this suggests that a long-term downtrend remains underway... Read More 

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Morgan Stanley (MS) Stretches Above Resistance

by Greg Schnell

Morgan Stanley (MS) has built a nice base and has been pushing above resistance for the last week. There are a few more clues that I like on the chart... Read More 

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The Dow's Amazing Symmetric Triangle

by Chip Anderson

The Dow did something strange and wonderful today on its intraday chart: A perfect symmetric triangle pattern! But one with really strange jumps up and down throughout. Truly fascinating... Read More 

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Mattel Challenges Resistance with Signs of Accumulation

by Arthur Hill

Mattel (MAT) led the market from early October to early February with a 65 percent advance and then moved into a large consolidation the last six months. More recently, the stock surged off support in late June and then formed a smaller consolidation near resistance... Read More 

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Merck Breaks To An All-Time High

by Tom Bowley

One company's failure can be another company's catalyst. Take for instance Merck & Co (MRK), who on Friday, August 5th surged to an all-time high after Bristol Myers (BMY) had a failed clinical trial of its lung cancer drug... Read More 

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Biotech Is Broadening As An Arrowhead (ARWR) Soars

by Greg Schnell

Biotech has been moving up recently as a part of this bullish trend. XBI is one of the many Biotech ETF's. The SCTR breakout is nice to see and the ETF has formed a nice up-trending channel. As more Biotechs participate, there are some fresh breakouts showing up... Read More 

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Will The Real Twitter Please Stand Up?

by Tom Bowley

There aren't too many stocks under the same scrutiny as Twitter (TWTR) and expectations range from wildly bullish to wildly bearish... Read More 

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Baidu Goes for Breakout after Long Stall

by Arthur Hill

Baidu ($BIDU) has basically gone nowhere since 2014, but the stock is showing signs of buying pressure recently with a wedge breakout. First, the weekly chart shows the stock surging some 200% and moving above 170 for the first time in late 2013... Read More 

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GoPro (GPRO) Breaks Free Of Its Mount

by Greg Schnell

GoPro (GPRO) has been sliding in investor sentiment for a year. After falling below the 200 DMA over a year ago, GPRO continued to splash around in the dirt. Today it seems to be launching out of a base as we head towards the retail season for youth with Back to School... Read More 

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DR Horton Looks Poised to Continue Bigger Trend

by Arthur Hill

DR Horton (DHI) is part of the housing group and the stock is in a long-term uptrend. I based this trend assessment on three things. First, the 50-day EMA is above the 200-day. Second, the 200-day EMA is rising. Third, the stock hit a 52-week high in July... Read More 

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Here's A Trucker Looking For Gap Support

by Tom Bowley

YRC Worldwide (YRCW) recently posted quarterly results that blew away Wall Street consensus estimates with EPS reported at $.83. The estimate was for just $.51. That news was well received by traders as YRCW gapped up and opened at 10.98 on July 29th and never looked back... Read More 

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Alibaba (BABA) Finally Breaks Out Of A Base

by Greg Schnell

Alibaba (BABA) finally gave investors the move they have been waiting for since the IPO. A surge into the price action that represents a top performing stock. Notice the improvement this week taking the SCTR to 97... Read More 

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This Clothing Retailer Has Your Back

by Tom Bowley

The Dow Jones U.S. Clothing Accessories Index ($DJUSCF) has been challenged technically with a long-term downtrend and a short-term uptrend currently in play... Read More 

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Solar ETF Fails at Resistance Yet Again

by Arthur Hill

The Solar Energy ETF (TAN) got a nice bounce along with the stock market from late June to early August, but this bounce has now reversed and it looks like the bigger downtrend is resuming. The chart shows the highs from late May and early June marking resistance in the 22... Read More 

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Valeant Pharma (VRX) Makes A Valiant Trend Changing Move

by Greg Schnell

Valeant Pharma (VRX, VRX.TO) has been the world's best whipping post for buy and hold investors. High-profile investors like Pershing Square have had this millstone stock dropping 90% from the highs. But every now and then, even a "sleeping dog" stock starts to improve... Read More 

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Schlumberger Confirms Bullish Continuation Pattern

by Arthur Hill

Schlumberger (SLB) broke above resistance today and this breakout confirms a bullish ascending triangle. First, note that the bigger trend is up because the 50-day EMA is above the 200-day EMA... Read More 

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Is This The Week To Buy Apple (AAPL) Stock?

by Greg Schnell

Apple (AAPL) has a couple of great things going for it. Earnings were just announced and it has a few months to run before the next earnings. It also is running up into the release of the iPhone 7. The second iteration of the watch might be released as well... Read More 

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Dun & Bradstreet Breaks Out of Consolidation To Lead Publishers

by Tom Bowley

The Dow Jones U.S. Publishers Index ($DJUSPB) has broken a downtrend on its weekly chart and Dun & Bradstreet (DNB) is one of the best looking companies within this index... Read More 

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Finance Sector Perks Up as JP Morgan Forms a Flag

by Arthur Hill

One would not think it from the price charts, but the Finance SPDR (XLF) and several banking stocks are outperforming the S&P 500 SPDR (SPY) since late June. XLF, KRE and many banking stocks are trading below their spring highs and SPY is trading near a 52-week high... Read More 

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The Banking ETF (KBE) Continues To Fail Technically

by Greg Schnell

One of the difficult parts of the current market is the dichotomy between the rally to new highs in the indexes and the continued struggles of the banking group with its third lower high in the past year. KBE is the SPDR ETF for the big banks... Read More 

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Plotting 52-week Highs on the Microsoft Price Chart

by Arthur Hill

Chartists can plot 52-week highs right on the price chart by using the Price Channels overlay. The upper line of a 52-week Price Channel marks the high of the last 52-weeks, the lower line marks the low and the middle line is the average of the two... Read More