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BroadCom Gets a Squeeze and Makes a Move $BRCM

by Arthur Hill

BroadCom looks set to continue its long-term uptrend with a breakout and fresh 52-week high. The chart shows BroadCom (AVGO) with Bollinger Bands, the Bandwidth indicator and the Percentage Price Oscillator (PPO)... Read More 

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When A Hammer Meets Gap Support

by Tom Bowley

I'm a big fan of candlesticks, particularly reversing candlesticks as they many times signal that a short-term downtrend has ended in an overall uptrending stock. One of my favorite trading strategies is to trade strong stocks off gap support... Read More 

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The Divergence is Just Icing on the Cake for T-Mobile $TMUS

by Arthur Hill

T-Mobile is showing signs of life with an upturn off support and a positive divergence in RSI. As always, lets review the bigger picture before trying to make sense of current conditions. TMUS basically doubled from February 2016 to April 2017 with a 108% advance... Read More 

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Gold Miners Lose Price Support On Heavy Volume

by Tom Bowley

The Dow Jones U.S. Gold Mining Index ($DJUSPM) held price support on its late-September swoon, but that was not the case with the recent selling. The reason? It's probably the reverse head & shoulders breakout on the U.S. Dollar (UUP)... Read More 

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A Healthy Reaction to Earnings Reinforces Support in LH

by Arthur Hill

Laboratory Corporation of America (LH) reported earnings today and surged above the 50-day moving average on the results. The trend since late July remains down, but recent price action is constructive and a breakout could be in the offing... Read More 

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Biotechs Weak This Morning But Look To Be Reversing At Key Support

by Tom Bowley

The Dow Jones U.S. Biotechnology Index ($DJUSBK) broke out of serious longer-term consolidation when it cleared 1800 price resistance in mid-June. Since then, we've seen a nice uptrend, characterized by rapid advances and steady pullbacks... Read More 

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US Bancorp Breaks out of Long Consolidation

by Arthur Hill

US Bancorp (USB) ended a long corrective period with an upside breakout and this breakout is holding. Note that USB is part of the Financials SPDR (XLF) and the Regional Bank SPDR (KRE)... Read More 

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This Popular NASDAQ 100 Stock Has A Horrendous Track Record Through December

by Tom Bowley

Let me start by stating that the NASDAQ 100 has earned 61.9% of its gains over the past 20 years during the fourth quarter. Yep, October through December has accounted for nearly two thirds of the gains on the NASDAQ 100... Read More 

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Using RRG to pick Ford from "most active" table

by Julius de Kempenaer

In the top-right corner of the homepage at StockCharts.com, there is a table that holds "Market Movers". It defaults to the top10 "most active" in the S&P 500 but you can change that using the buttons and drop-downs... Read More 

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Applied Optoelectronics Lengthens Downtrend, Approaches Next Major Support

by Tom Bowley

Applied Optoelectronics (AAOI) was one of the darlings of Wall Street in 2017.....until early August. Since that time, AAOI has declined nearly 60% in less than three months and has shown no signs of a reversal... Read More 

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Three Pullbacks for Three Healthcare Stocks

by Arthur Hill

Chartists should watch Gilead (GILD), Amgen (AMGN) and Merck ($MRK) because all three are forming bullish continuation patterns. First and foremost, all three hit new highs in September so it is safe to assume that the long-term trends are up... Read More 

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Here's A Medical Equipment Company With A Near Perfect Seasonal Track Record In October And November

by Tom Bowley

Over the past twenty years, Mettler Toledo Intl (MTD) has averaged gaining 23% per year, but that's not the most impressive performance stat for the company. During the months of October and November, MTD has risen 85% and 95% of the time, gaining an average of 3.3% and 9... Read More 

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Bank of America Holds above Breakout Zone $BAC

by Arthur Hill

Bank of America (BAC) broke out of a large bullish continuation pattern three weeks' ago and this breakout is holding. Overall, BAC surged from June 2016 to February 2017 and then consolidated with a large triangle pattern... Read More 

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Will Seasonal Tailwinds Stem The Tide Of Selling In This Technology Company?

by Tom Bowley

Juniper Networks (JNPR) was under heavy selling pressure last week to open October, a seasonally bullish month for JNPR as the stock has averaged gaining more than 13% each October over the past two decades... Read More 

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Citrix Ends Correction with Five Week Surge

by Arthur Hill

Citrix (CTXS), which is part of the Internet ETF (FDN) and Software iShares (IGV), appears to have ended its correction and resumed its long-term uptrend. The stock hit a 52-week high in early 2017 and then declined from May to August... Read More 

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Bullish Momentum Building Again On AMD

by Tom Bowley

Advanced Micro Devices (AMD) spent over a year with its SCTR among the highest of all individual stocks. It was an impressive rally for sure as its stock price rose from below $2 to above $15 in 13 months... Read More 

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Comcast Fails at a Key Moving Average

by Arthur Hill

A recent double top and failure at the 200-day SMA point to lower prices for Comcast (CMCSA). The double top formed from May to early September with two highs around 42 and a low around 38. Comcast broke this low with a sharp decline and then became oversold... Read More 

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Is Now The Time To Jump In F5 Networks?

by Tom Bowley

F5 Networks (FFIV) has a seasonal history of performing extremely well in October and November, but technically the stock has been a wreck since topping in March 2017 and the early October returns haven't been very good either... Read More 

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Lithium ETF (LIT) Looks Bearish

by Carl Swenlin

This morning I saw a commercial for the Global X Lithium ETF (LIT), and I thought, "Hmmm, lithium . . . batteries for iPhones, MacBooks, etc." So I pulled up a chart of LIT, and all kinds of things jumped out at me... Read More 

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One of the Weakest Stocks in the S&P 500 Looks Set to Get Even Weaker

by Arthur Hill

The S&P 500 is near all time highs and we are in a bull market, but Advance Auto Parts (AAP) did not get the memo and recent signals point to new lows... Read More 

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This Tech Company Just Broke Out Of Bullish Pattern With Rising SCTR

by Tom Bowley

While we've seen many indices, ETFs and individual stocks break out over the past several weeks, there are still many that are consolidating in bullish fashion and those, upon breakout, provide solid trading opportunities. Enter DXC Technology Company (DXC)... Read More 

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RRG says you need to keep an eye on Small Caps!

by Julius de Kempenaer

The Relative Rotation Graph above shows the rotation of the three size indices that make up the S&P Composite 1500 index... Read More 

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BlackBerry: Will This Rally Be Any Different Than The Last Several?

by Tom Bowley

Blackberry's (BBRY) demise from 2008 through 2012 has been well documented and I'm not really interested in dwelling in that past. More recently, however, BBRY has attempted on multiple occasions to clear price resistance in the 11-12 range... Read More 

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Alphabet Turns up with Increase in Volume

by Arthur Hill

Alphabet, which some of you may know as Google, surged off a support zone with good volume and broke short-term resistance. This breakout could evolve into more because the big picture is also bullish... Read More 

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Airlines Begin Their Typical October Rally

by Tom Bowley

Airlines ($DJUSAR) absolutely "took off" in today's action as buyers emerged to drive nearly every airline higher. Spirit Airlines (SAVE) surged 7.10%. JetBlue Airways (JBLU) popped 7.08%. Delta Air Lines (DAL) jumped 6.62%... Read More 

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3M Holds the Breakout Zone $MMM

by Arthur Hill

3M (MMM) is helping itself and the Dow Industrials with a breakout in mid September. As a price-weighted average, the stocks with the highest price carry the most weight and MMM, which is the third highest-priced stock, accounts for around 6.5% of the Dow... Read More