Category Archives: Technical Analysis

Nasdaq and Russell 2000 Bounce Off 100-day SMA

(click here if charts are not observable)

Posted in Eurozone Sovereign Spreads, Technical Analysis | Tagged , , | Leave a comment

Sector ETF Technical Analysis – February 21

(click here if charts are not observable)

Posted in Sector ETF Peformance, Technical Analysis | Tagged , | Leave a comment

Tesla’s Head & Shoulders Formation

Tesla (TSLA)  looks to close below its 50-day moving average today, the first close below its 50-day since March and its big move up (see chart).  It is also testing the $160 neckline of a potential head and shoulders reversal.   … Continue reading

Posted in Technical Analysis | Tagged , | Leave a comment

Trannies and Russell Break 50-day SMA

The recent weakness in the Transports and the Russell were confirmed by today’s sell-off in the S&P500.  Let’s see if they can reclaim 50-day and if all the buyers waiting for the sell-off step in here.  Note also the weakness … Continue reading

Posted in Equities, Technical Analysis | Tagged , , | 1 Comment

United Healthcare’s Gravestone Doji

It will be interesting to watch how UNH trades tomorrow after carving out a classic gravestone doji today.   At today’s high the stock was up almost 20 percent from its February close.    The books say today’s pattern sets up … Continue reading

Posted in Technical Analysis | Tagged , | Leave a comment

Chart Gazing

Let’s take a look at the sector ETF charts. Most still look like they are just beginning a correction of the almost vertical move since the beginning of the year.   Only the financial ETF has successfully tested its 50-day.  The … Continue reading

Posted in Technical Analysis | Tagged , , , , , | 1 Comment

FAA temporarily grounds Boeing 787s, stock hammered in AH

The Federal Aviation Administration just announced it will ground the Boeing 787  Dreamliner passenger jet after another battery failure that forced an emergency landing in Japan.   They gave no details on how long but said the lithium ion batteries were … Continue reading

Posted in Technical Analysis | Tagged , , | Leave a comment

Wisdom For Traders

Colm O’Shea, the great hedge fund manager of Comac Capital, has some words of wisdom for traders in Jack Schwager’s,  Hedge Fund Market Wizards. George Soros has the least regret of anyone I have ever met.  Even though he will sometimes … Continue reading

Posted in Quote of the Day, Quotes, Technical Analysis | Tagged , , , , | 3 Comments

Most Overbought and Oversold Markets

Asia x/Japan equities began to to work off overbought conditions. Japan’s Nikkei continues to reprice higher on weaker yen. Italy’s MIB and Spain’s IBEX experiencing the “positive contagion”  from Eurozone sovereign spread compression and now approaching an 80 RSI. Profit … Continue reading

Posted in Monetary Policy, Technical Analysis | Tagged , , , | 2 Comments

CES 2013: Highlights of the Day – WSJ

Today at CES showed us an iPad-controlled air drone camera, a paper computer, the Pebble smart watch, Motorhead-branded headphones, and more. Take a look at some of Wednesday’s highlights from the show in Las Vegas. (click here if video is … Continue reading

Posted in Technical Analysis | Tagged , | Leave a comment