Chart Master Says Time to Unfriend Facebook

Options Action Chart Master, Carter Worth says it’s time to fade the Facebook 23% year-to-date rally. The relative strength index is in an overbought condition, the moving average convergence/divergence oscillator has been tracking in negative divergence to price, and Chaikin…

The DJIA is Nearing a Cycle Low

The DJIA is Nearing a Cycle Low

The DJIA has been making lows at a fairly regular interval of 101 days. The cycle tools overlaid on the daily chart show the pattern, and the average is nearing another cycle low period. This suggests the index will transition…

Short McDonald's? How You'll Know When The Rally is Over

Short McDonald’s? How You’ll Know When The Rally is Over

The rally in McDonalds MCD has been interrupted by a month period of channel consolidation, and normally during a rally it is healthy for a stock to pause briefly and digest gains. In this case, however, the consolidation phase has…

Trading Five Volatility Squeeze Plays

Trading Five Volatility Squeeze Plays

(This article was published on TheStreet.com this morning.) Periods of low volatility as measured by narrow Bollinger bandwidth are often followed by volatility breakouts or breakdowns, and being prepared to catch the move is the strategy behind the “squeeze” play….

Endologix Poised for a Potentially Volatile Breakout

Endologix Poised for a Potentially Volatile Breakout

Endologix (ELGX) develops and markets medical devices for the treatment of abdominal aortic aneurysms, and its stock price has been consolidating in an extremely narrow range since the beginning of the year. The technical indicators suggest a breakout is imminent…

Market Indices Hold and Bounce Off Their 50 DMA's

Market Indices Hold and Bounce Off Their 50 DMA’s

The S&P 500 Index, the DJIA, and the NASDAQ Composite Index opened lower today touching their 50 day moving averages but have managed to recover nearly all of the gap. On the Russell 2000 Small-Cap Index, the intermediate term horizontal…

Euro ETF Base Breakout Could Reverse Long-Term Downtrend

Euro ETF Base Breakout Could Reverse Long-Term Downtrend

The CurrencyShares Euro Trust ETF FXE has underperformed the PowerShares DB US Dollar Bullish ETF UUP by 35% over the last three years, but that relationship has shifted and the euro fund is now up relative to the dollar fund…

Silicon Motion Breaking Out of Multiple Basing Patterns

Silicon Motion Breaking Out of Multiple Basing Patterns

Shares of the fabless semiconductor designer, Silicon Motion Technology SIMO spent the last half of 2016 in a decline that saw them lose 30% of their value, but they spent most of this year forming a bottom. This month they…

PVH CEO Manny Chirico Interview on Mad Money

Jim Cramer spoke with PVH CEO Manny Chirico about President Donald Trump’s effect on retail and the company’s strong earnings report. Here was our technical take on the stock prior to the release of the report.

The Technical State of the Major Market Indices

The Technical State of the Major Market Indices

The rising November rally trend lines on the Dow Jones Industrial average ($DJIA), the S&P 500 Index ($SPX), or the NASDAQ Composite Index charts have been broken with the indices closing near their lows of the Tuesday session, while the…