Amex Airline Index Forges Quadruple Top Breakout on P&F Chart
The Amex Airline Index ($XAL) lagged the market throughout 2011, but may be poised to lead with a breakout in 2012. The P&F chart below is a classic three box reversal...
A Triple Bottom Breakdown for QQQ on 30min PnF Chart
The Nasdaq 100 ETF (QQQ) broke below the prior two O-Columns to forge a triple bottom breakdown on the 30min PnF chart. This bearish signal suggests that the ETF is going lower with a downside price objective around 52.90. This can be see at the top of the chart. You can read more on PnF...
ADI Hits Support on Point & Figure Chart
After plunging along with the market early this week, Analog Devices (ADI is trading at support from the early November lows. On this P&F chart, each box represents a quarter percent price change (.25%) and price data is based on the close every 30 minutes. Yes, this is an intraday P&F chart. Support, which is...
Broadcom Triggers Triple Top Breakout on P&F Chart
Broadcom (BRCM) triggered a Triple Top Breakout with a move above the September highs on the P&F chart. The stock shows two resistance levels with two X-Columns peaking in the 37...
Russell 2000 ETF Forges Quadruple Top Breakout
On the P&F chart, the Russell 2000 ETF affirmed support around 77 with a sharp reversal the last two weeks. This reversal was strong enough to forge a Quadruple Top Breakout as the current X-Column broke above the equal highs of...
Bullish P&F Scan Results Still Outpacing Bearish Results
There are 17 P&F related scans on the pre-defined scans page. Of the major patterns shown below, the first four patterns are bullish and the second four are bearish. Currently, there...
A Double Top Point & Figure Breakout for H&R Block
A 25-cent daily Point & Figure chart for HR Block ($HRB) captures price action all the way back to July 2009. These X's and O's show the stock moving lower throughout 2010 and firming towards yearend. 2011 has been better with a double top breakout last week and a trendline break this week already. Click...
A High-Pole Warning hits P&F Chart for the S&P 500
The S&P 500 surged above 1296 and then quickly fell below 1278 to forge a high-pole warning on the P&F chart. Despite this warning, the index remains above a clear support level marked by three reaction lows at 1263. Notice how the three columns of O's bounced off this level in January. Read all about...
Marking Support with the 5min P&F Chart for SPX
Even though this is very short-term oriented, the 5 minute P&F chart for the S&P 500 shows a clear support level around 1270. The ETF bounced off this area at least...
Regional Bank SPDR breaks Resistance with Strong Move
Point & Figure charts provide clear support and resistance levels. The P&F chart below shows the Regional Bank SPDR (KRE) breaking above resistance that extends back to June (red 6 on the chart). The 2010 high around 30 marks the next target for this breakout. Click this image for a live chart
Echostar Hits the P&F Triple Top Breakout Scan $SATS
The Nasdaq Point & Figure Triple Top Breakout scan featured over 200 stocks on Friday morning. The chart below shows Echostar (SATS) breaking resistance marked by five columns of X's, which previous reversed at 22. This breakout is P&F bullish with a price objective (PO) of 29. Click this image for a live chart
A P&F triple bottom break for Whirlpool
Whirlpool (WHR) came across the
triple bottom break scan
. The stock is in a clear downtrend with lower lows and lower highs since May. WHR broke...
