Charts to Watch When Primal Forces Take Hold of the Markets

Charts to Watch When Primal Forces Take Hold of the Markets

The markets were down sharply in Tuesday’s session and registered their largest single day decline since September, while the Volatility Index (VIX) spiked up over 46% and closed on the high of the session. The moves reminded us that investor…

A Technical Look at Four Retail Trades

A Technical Look at Four Retail Trades

Here are two retail sector articles that were published on TheStreet.com earlier in the week– Ralph Lauren (RL), DSW (DSW), and Michael Kors (KORS) look like potential buys but Tiffany (TIF) appears poised for a pullback. Three retail longs and…

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…

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…

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…

Yesterday it was all about breaking resistance -today it is all about holding support

Yesterday it was all about breaking resistance -today it is all about holding support

The strong opening in yesterday’s session took the board market averages up through their March down trend lines, and we noted the importance of holding above those levels into the close. That was not to be the case, and they…

For the Indices - It's All About the Close Today

For the Indices – It’s All About the Close Today

Today’s the day those down trend resistance lines on the major market index charts are broken, at least that’s the way it looks at the open. The ability to hold above those levels on a closing basis will be key…

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…