Category Archives: Weekly Charts

Bearish “Gravestone” Candles On The S&P 500, DJIA, And NASDAQ Charts

This afternoon we tweeted out that: The bulls need to see strength into the close. Don’t want to finish the week with “gravestone” doji candles on the index charts. The bulls were disappointed. Gravestone dojis formed on the S&P 500 Index, NASDAQ Composite, and Dow Jones Industrial Average weekly charts. A gravestone doji is a… Read More »

Inphi – Short Covering Rally Could Follow Breakout

Inphi Corporation (IPHI) makes semiconductors for the communications industry. Its stock price has been consolidating in a sideways pattern above support in the $34 area and below resistance in the $41 area, for the last seven months. A bullish moving average convergence/divergence (MacD) on the weekly chart in September preceded the October bounce off the… Read More »