Category Archives: Daily Charts

World Cup and Major Indices

If the U.S. soccer team loss in the World Cup has not depressed you enough, here are two charts that might help push you over the edge. The advance in the Russell 2000 Index today was rejected at its previous March high, and the DJIA moved just a bit above its June highs then pulled… Read More »

Salesforce.com Flag Breakout

Salesforce.com (CRM) is breaking out of a flag formation on the daily chart. It has been trading well within the borders of a series of uptrend and downtrend lines, but it remains to be seen if it will fulfill the target projection of this pattern, which is back up near the $64.00 level. Money flow… Read More »

Ansys Breakout

What a day for a volatility squeeze breakout! Shares of engineering simulation software company Ansys (ANSS) have been consolidating for three months under resistance in the $77.00 area. During this time the stock has become a potential “squeeze” play. One way of determining if a stock is being “squeezed” is to look for the Bollinger… Read More »

XOM Breaks Down and JCOM Breaks Out

Exxon Mobil (XOM) has broken below an uptrend line drawn off the lows going back to February of this year and closed below its 50 day moving average. Note the bearish divergence in the MacD and the moves lower in the RSI and the Money Flow Index. Shares of J2 Global Communications (JCOM) rallied 1.6%… Read More »

XOM Breaks Down and JCOM Breaks Out

Exxon Mobil (XOM) has broken below an uptrend line drawn off the lows going back to February of this year and closed below its 50 day moving average. Note the bearish divergence in the MacD and the moves lower in the RSI and the Money Flow Index. Shares of J2 Global Communications (JCOM) rallied 1.6%… Read More »