Jim Cramer Goes “Off The Charts” With Rightview Trading

By | April 17, 2018

Cramer’s charts show political worries can boost top defense stocks like Boeing from CNBC. Here is a summary of Tuesday night’s “Off the Charts” segment of Mad Money with Jim Cramer published on TheStreet.com: In a market fraught with increased volatility and puzzling responses to strong earnings reports, it’s becoming harder to know where to… Read More »

Home Depot Shares Nearing An Inflection Point

By | April 17, 2018

Home Depot (HD) shares pulled back sharply in the weeks following their January high. Then they began moving steadily lower in a declining channel-like pattern. Now they are approaching an inflection point that could be resolved by a volatile move. They have returned to their 40 week (approximate 200 day) moving average and an 18… Read More »

The Broad Market Moving Averages Are Doing Their Jobs

By | April 16, 2018

Moving averages often supply technical support and resistance. They have been doing just that on the charts of the broader market moving averages. The S&P 500 Index, the Dow Jones Industrial Average, and the NASDAQ Composite Index bounced off their lows this month, located at or just above their respective 200 day moving averages. Now… Read More »

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 »