Monthly Archives: May 2016

Is The Cyber Security Sector Making a Comeback?

The sector has seen a serious pullback since July of last year but may be in the process of recovery. My take as published on the TheStreet.com this morning.

Alibaba -“Fibon-nado” Inflection Point – A Confluence of Fibonacci Indications

Alibaba (BABA) shares are at a “perfect storm” Fibonacci point in time and price. My take on the charts published on TheStreet.com this morning.

Jim Cramer’s “Off the Charts” Energy Follow-Up

Its always a pleasure to be featured on the “Off the Charts” segment of Mad Money. This week Jim Cramer follows-up on my previous take on several oil sector stocks. Thanks to him and his team for making the pictographs come to life!

Pattern Transformation on the S&P 500 Chart? – H&S to Rising Triangle

Will we be saying “good-bye” to the head and shoulders formation on the S&P 500 chart and “hello” to a rising triangle? Pattern recognition requires confirmation and that requires time and patience.

Netflix Is on the Brink of a Powerful Breakout

My analysis of the Netflix (NFLX) chart published on TheStreet.com this morning.

Fibonacci Retracements Driving Tesla Shares

Tesla (TSLA) has been attempting to hold above the intersection of the 50% Fibonacci retracement level of its 2016 range and the downtrend line drawn off its 2015 highs. Resistance is being supplied by the 38% retracement level and the converging 50 day moving average. Shares attempted to breakout in today’s session but were soundly rebuffed, closing at the lower end of their daily range. The well-defined boundaries of the zone suggest that a confirmed breakout or a breakdown will determine the intermediate term direction of the stock price.

SPY – Compression on the Intraday Charts Suggest a Volatile Move Ahead

The market traded in a narrow range all day continuing a pattern that began in the last half of Friday’s session. The thirty minute chart shows the contracting ribbon of Bollinger bands and the Bollinger bandwidth indicator at the bottom of the chart, which is at a level not seen since late April and which was followed by a volatile two days.

The ten minute chart highlights the channel pattern the SPY has been moving in and a break above or below the boundaries could be followed by another several days of volatile action.