Category Archives: Weekly Charts

Wal-Mart – Bent But Not Broken

The weekly chart of Wal-Mart (WMT) shows the stock making a series of higher highs and higher lows going back to 2012. The trajectory of the curve marked by the highs has flattened, while the uptrend support line remains on plane. The daily chart shows the sideways movement of the stock since it made a… Read More »

Intel – 50% Retracement of 2000 High/2009 Low

The stock price of Intel (INTC) is up 24% year-to-date and, on the heels of yesterday’s earnings report, has added an additional 5% in today’s pre-market trading. It is set to open around $33.30, pennies under the 50% Fibonacci retracement level of it’s 2000 high and 2009 low. The 38% retracement level of that range… Read More »

Euro “Death” Cross

The daily chart of the Currency Shares Euro Trust (FXE) shows a decline in May that took out horizontal support and moved price under the 200 day moving average. A June retest of that support-turned-resistance failed and the subsequent pullback was accompanied by the 50 day moving average crossing below the 200 day average, or… Read More »

The GLD and SLV Hit Hard…However.

The precious metals were slammed today. The SPDR Gold Trust Shares (GLD) was down 2.3% and the iShares Silver Trust (SLV) down about the same in the session. On July 5th, I responded to a reader request for an analysis of both of these charts, and the bottom line was that they seemed to be… Read More »

Apple – Double Trouble?

The weekly Apple (AAPL) chart shows shares currently testing their September 2012 high, at the same time the RSI and the Money Flow Index, a volume weighted relative strength measure, are in overbought conditions. Both these indicators were simultaneously overbought in March and September 2012, and significant pullbacks in the stock followed. I use a… Read More »

TIPS Continues Higher

The weekly chart shows the move in the iShares Barclays TIPS Bond Fund (TIP) since the beginning of the year. The 50 day moving average made a golden cross above the 200 day average in March, and the TIP has penetrated several layers of Fibonacci resistance. The price momentum indicators are tracking higher and money… Read More »