A Bollinger Band Squeeze for Google
After a big decline in April, Google ($GOOG) consolidated the last few weeks and the Bollinger Bands narrowed significantly. This could be called a Bollinger Band squeeze or volatility squeeze. The...
Activision Gaps up on Big Volume $ATVI
Stocks were under pressure the last three days, but ATVI bucked the trend with an advance and gap on high volume. This gap off support is bullish as long as it...
Consumer staples stock Heinz Hits 52-week High with Breakout $HNZ
The Consumer Staples SPDR (XLP) remains one of the strongest sectors and Heinze is part of that strength with an ascending triangle breakout. With a surge the last two weeks, the...
Rising Wedge Threatens Island Reversal in the Basic Materials SPDR
The Basic Materials SPDR (XLB) reversed higher last week with an island reversal, but stalled over the last 4-5 days and a rising wedge is taking shape. For now, the gap...
Rising Wedge Threatens Island Reversal in the Basic Materials SPDR
The Basic Materials SPDR (XLB) reversed higher last week with an island reversal, but stalled over the last 4-5 days and a rising wedge is taking shape. For now, the gap...
FirstTrust Internet ETF Gaps above Wedge Resistance
The FirstTrust Internet ETF (FDN) broke out with a gap last week and that gap is holding. Mind that gap! The gap is bullish as long as it holds. Also notice...
QQQ Remains within Falling Flag Pattern
The Nasdaq 100 ETF (QQQ) managed to firm after Monday's sharp decline, but remains within a short-term downtrend defined by a falling flag. It would take a move above resistance at 67 to reverse this fall. Chartists can also watch for the Commodity Channel Index (CCI) for confirmation. A break above the March trendline would...
Morgan Stanley Consolidates at Support
Morgan Stanley fell to support with a sharp decline from late March to early April and then consolidated the last eight days. While the stock market bounced, MS remained flat and is lagging the market the past week. Watch the consolidat......
Transport iShares Bounces off Range Support
With a bounce the last four days, the Transport iShares (IYT) held support from the early March low and remained range bound. Notice how the ETF has traded between 89.7 and 96 since mid January. Chartists should watch this range for the next directional signal. Click this image for a live chart.
Hewlett Packard Gaps Up on Big Volume
After falling out of favor in February and March, Hewlett Packard found support around 23 and gapped up on Thursday. Notice that the stock opened strong, moved higher throughout the day...
Gold Miners ETF Breaks Down Further
After forming a broadening formation in 2011, the Gold Miners ETF (GDX) broke down with a sharp decline the last six weeks. GDX broke support from the 2011 lows and the next support zone resides in the 47.5 area. The indicator window shows GDX relative to GLD using the price relative (GDX:GLD ratio). GDX has...
Gold Miners ETF Breaks Down Further $GDX $GLD
After forming a broadening formation in 2011, the Gold Miners ETF (GDX) broke down with a sharp decline the last six weeks. GDX broke support from the 2011 lows and the next support zone resides in the 47.5 area. The indicator window shows GDX relative to GLD using the price relative (GDX:GLD ratio). GDX has...
