Category Archives: Morning News

Four Breakout Charts With Strong Upside Potential

Here are four charts of interest for this week. They all have positive upside momentum and money flow, along with well-defined levels of resistance. Breakouts from their respective patterns project significantly higher upside price targets. A cup and handle on the Accenture (ACN) chart with large gap resistance just overhead. Air Products and Chemicals (APD)… Read More »

Graphing Jeff Gundlach’s “Exciting” Gold Prediction

At this year’s Ira Sohn Conference, Doubleline CEO, Jeffrey Gundlach announced that the next big move for the markets will be in gold, stating, “It’s getting almost exciting…something big is happening.” Specifically, he cited the five year inverse head and shoulders base that has been forming on the chart, noting “Gold is maintaining an upward… Read More »

Dunkin’ Brands Poised To Breakout and Jim Chanos Announces A Short Position In The Stock

Jim Chanos on why he’s short Dunkin’ Brands from CNBC. The famed short-seller Jim Chanos told CNBC this morning, that he has been short Dunkin’ Brands (DNKN) and a number of other restaurant brands “for about a year.” On that news, Dunkin’ shares saw an initial 5% drop in pre-market trading, then managed to move… Read More »

Curious Price Action On The McDonald’s Daily Chart

There are a number of interesting technical developments on the McDonald’s (MCD) daily chart. A head and shoulders bullish reversal pattern has been under construction for the last two months. Neckline resistance is situated in the $162 area. This is very bullish potential basing action. A break above the neckline projects a measured upside move… Read More »