Category Archives: Morning News

Three Bearish Engulfing Candles On The Russell 2000 Chart Suggest A Possible Triple Top

A pattern of bearish engulfing candles has formed on the iShares Russell 2000 ETF (IWM) daily chart, which could be an indication that the small-cap sector has made a intermediate term top. In June a bearish engulfing candle formed just below the $170 level. The pattern was repeated again in July and once more just… Read More »

Eveningstar Patterns On Electronic Arts & Activision Charts Could Be Bad For NVIDIA

The price action in Electronic Arts (EA) is closely correlated to the price action in Activision Blizzard (ATVI), as would be expected with the two biggest names in the gaming industry. In trading on Monday shares of both companies were down and this large dark down-day candle completed the formation of a eveningstar pattern on… Read More »