Planet Fitness Showing Some Muscle and Breaking Out on Strong Volume

Planet Fitness Showing Some Muscle and Breaking Out on Strong Volume

Planet Fitness PLNT, the discount gym operator, announced earlier this month that they had surpassed the 10 million member mark, and had plans to open 200 new locations this year. The immediate reaction of the stock price was to move…

The Market Wasn't In Bearish Transition

The Market Wasn’t In Bearish Transition

It did look like the market was in bearish transition, but like I said in the linked article, “Watch for a breakdown from these daily support levels as confirmation of the reversal action on the weekly chart.” Confirmation is crucial…

Is It Time to Short Disney? Charting the Speculative Trade

Is It Time to Short Disney? Charting the Speculative Trade

stock, Shares of Disney (DIS) are reverting to their old ways by underperforming the Dow Jones Industrial Average in Monday’s session and also forming a bearish engulfing candle. The stock has outperformed the average by 3.8% year to date, but…

The Market is in Bearish Transition

The Market is in Bearish Transition

There has been a transition underway in the market over the last month, evident on multiple timeframes on the charts of the major market indices. One last level of technical support remains before the breakdown is confirmed and market heads…

The Charts Suggest -- Apple Is Headed Lower

The Charts Suggest — Apple Is Headed Lower

The broader market is experiencing a minor pullback this month, but this “minor” pullback has taken the indices and many of the most actively traded stocks back down to key support levels. This is the case with the Dow Jones…

When Facebook Pulls Back, How Low Can it Go?

When Facebook Pulls Back, How Low Can it Go?

Facebook FB shares broke out of a triangle consolidation in January and rallied higher, posting a 24% gain in the first quarter of this year. Momentum has been fading over the last month of trading, however, and an uptrend line…

Gold Preparing for a 10% Gain--How to Trade the Gold ETF

Gold Preparing for a 10% Gain–How to Trade the Gold ETF

(this article was first published on TheStreet.com on April 10th.) Gold has rallied this year back up to the intersection of a key technical level and its 200-day moving average, and in the process, formed a bullish cup-and-handle pattern on…

The Major Market Indices Continue to Weaken

The Major Market Indices Continue to Weaken

The Dow Jones Industrial Average ($DJIA) and the S&P 500 Index ($SPX) are retesting their 50 day moving averages and nearing downside support levels, at this early point in the trading day. The Russell 2000 Small Cap Index ($RUT) has…

Cisco Systems Chart Framing a Good Risk/Reward Short Trade

Cisco Systems Chart Framing a Good Risk/Reward Short Trade

Shares of Cisco Systems (CSCO) have pulled back off their March highs and are retesting their rising 50 day moving average. This moving average support looks unlikely to hold and sets up further downside in stock. The weekly chart shows…

Are Amazon Shares Topping Out -- The Unthinkable Technical Take

Are Amazon Shares Topping Out — The Unthinkable Technical Take

An eveningstar reversal pattern has formed on the Amazon AMZN daily chart near the upper end of a rising wedge consolidation. This pattern, if confirmed by follow-through price action, could be a signal that a top of some duration has…