Apple Shares Headed For Another Deep Decline?

By | April 12, 2018

A series of narrow opening and closing range candles formed in January on the Apple chart. These candles are usually accompanied by long upper or lower shadows or both, and they reflect indecision on the part of market participants. A nearly 13% decline followed the bearish candle cluster. A similar cluster of doji-like candles has… Read More »

Here’s A Master’s Golf Tournament Trade With “Major” Upside Potential

By | April 4, 2018

This is a special week for golf lovers. The Masters, the first of the four major golf tournaments of the year, begins tomorrow at the Augusta National Golf Club. There is a good chance this year’s winner of the coveted “green jacket”, may use a product by Acushnet Holdings (GOLF). The company manufactures and distributes… Read More »

Curious Price Action On The McDonald’s Daily Chart

By | March 30, 2018

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 »

Gold Ready For A Volatile Move Higher

By | March 22, 2018

The SPDR Gold Shares ETF (GLD) has been moving in a triangle formation for the last two months above horizontal support in the $124 area. On Wednesday it broke above the triangle downtrend line and its 50 day moving average. Overall volume jumped higher and the Chaikin money flow index is firmly in positive territory.… Read More »