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 »
In the last three weeks shares of Cummins International (CMI) fell more than 10%, closing out last week near their lows and on the 40 week (roughly 200 day) moving average. Caterpillar (CAT) held up well during this same period and traded in a narrow range just above the $135 level. The correlation coefficient graph… Read More »
(This post is a follow-up to an earlier Apple post.) Someone did not want Apple (APPL) shares to close out the week on their lows. The stock was bought aggressively in the last ten minutes of trading on Friday, quickly altering the appearance of the weekly candle. Instead of a large bearish looking dark filled… Read More »
5 ways to diversify away from tech from CNBC. > The following is a synopsis of Tuesday’s “Off the Charts” segment on Mad Money, by Tom Bemis of TheStreet.com: With the market’s remarkable run over the past year, Jim Cramer told his Mad Money viewers Tuesday, it’s time to start asking if any of the… Read More »
A good way to monitor the intermediate term direction of long term interest rates has been to follow trend line breaks on the weekly chart of the iShares 20+ Year Treasury Bond ETF (TLT). It has been a simple technical technique to monitor a complex fundamental dynamic. Simple is good.
It is always a pleasure to join Bob Lang of ExplosiveOptions.net on one of his Thursday afternoon webinars. Bob’s actionable option analysis is second to none, and he is a great guy. Listen in as we talk charts, the technicals, and trading strategies. What Are the Best Stock Charts Right Now? – Webinar Recap
The recent price action in the VanEck Vectors Oil Services ETF (OIH) has been very constructive and could been signaling a reversal in its long term downtrend. An inverse head and shoulders pattern has been forming on the weekly chart under neckline resistance in the $26 area. The inverse H&S pattern is made up of… Read More »