Are Amazon Shares Topping Out -- The Unthinkable Technical Take

An eveningstar reversal pattern has formed on the Amazon AMZN daily chart near the upper end of a rising wedge consolidation. This pattern, if confirmed by follow-through price action, could be a signal that a top of some duration has…

New Relic -- The Data Analytics Company Is Ready to Make New Highs

Shares of the data analytics software company, New Relic (NEWR) bucked the broader market trend closing up over 5% in Wednesday’s session. Technical resistance was broken and the stock looks prepared to make new all-time highs. The weekly chart reflects…

Yesterday it was all about breaking resistance -today it is all about holding support

The strong opening in yesterday’s session took the board market averages up through their March down trend lines, and we noted the importance of holding above those levels into the close. That was not to be the case, and they…

Yahoo! Sharp Pullback Potential: Technical Divergences Setting Up Short-Side Trade

There are several bearish technical divergences on the Yahoo (YHOO) daily chart that suggest the stock may be preparing for a potentially sharp pullback. An uptrend line is being retested and a break below that support would be a good…

For the Indices - It's All About the Close Today

Today’s the day those down trend resistance lines on the major market index charts are broken, at least that’s the way it looks at the open. The ability to hold above those levels on a closing basis will be key…

Updates on Articles on TheStreet.com

Here are two articles recently published on TheStreet.com: Green Plains Power Pattern Projects New Highs Spirit Airlines Ready for Takeoff and Shares Could Soar

Options Action Chart Master, Carter Worth says it’s time to fade the Facebook 23% year-to-date rally. The relative strength index is in an overbought condition, the moving average convergence/divergence oscillator has been tracking in negative divergence to price, and Chaikin…

The DJIA is Nearing a Cycle Low

The DJIA has been making lows at a fairly regular interval of 101 days. The cycle tools overlaid on the daily chart show the pattern, and the average is nearing another cycle low period. This suggests the index will transition…

Short McDonald's? How You'll Know When The Rally is Over

The rally in McDonalds MCD has been interrupted by a month period of channel consolidation, and normally during a rally it is healthy for a stock to pause briefly and digest gains. In this case, however, the consolidation phase has…

Trading Five Volatility Squeeze Plays

(This article was published on TheStreet.com this morning.) Periods of low volatility as measured by narrow Bollinger bandwidth are often followed by volatility breakouts or breakdowns, and being prepared to catch the move is the strategy behind the “squeeze” play….