Dollar Bullish ETF Surges off Support
The chart below shows Dollar Bullish ETF (UUP) hitting support in the 21.8 area and surging the over 1% the last two days. Notice that UUP formed a higher low above the late October low and this surge could signal a...
Dollar Bullish ETF Surges off Support $UUP $FXE
The chart below shows Dollar Bullish ETF (UUP) hitting support in the 21.8 area and surging the over 1% the last two days. Notice that UUP formed a higher low above the late October low and this surge could signal a...
TechTarget Breaks Resistance on Low Volume
After consolidating since mid February, TechTarget (TTGT) finally made a break with a three-day surge above resistance. The move looks impressive price-wise, but volume is sorely lacking thus far. Even though Monday's trading has yet to close, volume on the three day advance did not validate this breakout. Click this image for a live chart....
Finisar Consolidates at Key Retracement $FNSR
Finisar (FNSR) plunged with a move from 23.50 to 18, but found support right at the 61.80% retracement line, which is based on a
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Steel ETF Forges Island Reversal with Gap Down $SLX
With a gap up, two candlesticks and a gap down, the Steel ETF (SLX) formed an island reversal over the last five days. Notice that this reversal formed near the late...
Consumer Discretionary SPDR Hits 52-week High
Want to gauge retail spending? Just take a look at the Consumer Discretionary SPDR (XLY), which hit a new 52-week high today. There are 80 stocks in this sector and most are dependant on consumer spending to drive revenues (think Disney, Macy's, Amazon, Starbucks, DR Horton). New highs in this sector SPDR suggest strong consumer...
Gold SPDR Firms in Key Retracement Zone
It has been a tough March for gold, but the Gold SPDR (GLD) may be at support marked by the Fibonacci Retracements Tool. Notice that the decline to 159 retraced 50-61.80%...
Dow Transports Play Catch Up with Big Move
The Dow Transports has been lagging the Dow Industrials for several weeks now, but is making a catch up bid with a falling flag breakout the last few days. After a...
Fifth Third Bancorp Joins the New High List with Big Volume
Looking for a list of market leaders? Simply go to the pre-defined scans page for a list of stocks hitting new 52-week highs. Over 500 stocks made the list on Tuesday and over 400 made the list today. The chart below shows Fifth Third Bancorp (FITB) breaking consolidation resistance and forging a 52-week high today....
RIMM Tests its Low and Shows Relative Weakness
Research in Motion (RIMM) remains down in the dumps as the Price Relative broke below its December low and remains in a downtrend. This RIMM:QQQ ratio falls when RIMM underperforms QQQ....
Gold Bounces off Ichimoku Cloud
Spot Gold ($GOLD) declined sharply and then found support right at the Ichimoku Cloud with a bounce the last two days. The bulls grabbed the edge with the cloud breakout in January and hold the edge as long as cloud support holds. Watch for a move above the Conversion Line (blue) for a bullish signal....
CCI Bounces from Oversold Levels for Home Construction iShares
The Home Construction iShares (ITB) corrected over the last few weeks with a falling flag pattern taking shape. The flag is still falling, but the Commodity Channel Index is rebounding with...
