Recent Entries

  • Monday Attack

    This week’s top RS and ES batch, chart patterns noted: STOCK COMPANY PATTERN ARUN Aruba Networks Inc BASE BCEI Bonanza Creek Energy Inc BASE BUD Anheuser-Busch Inbev Adr BASE CGNX Cognex Corp BASE EGY Vaalco Energy Inc BASE EVHC Envision Healthcare Hldg BASE FB Facebook Inc Cl A BASE GTIV Gentiva Health Svcs Inc BASE […]

  • Durable Dow

    Not convinced the bull is intact. But the Dow is key to watch here. The Dow 30 looks unsinkable as multiple distribution days fail to drive the index lower. This is the kind of action that can lead to a melt-up as shorts panic an bail with frustration. Elsewhere it’s mostly bear.      

Chart Watch

  • The Russell 2000 is all alone under its high mark as the Dow, Naz and S&P 500 hit fresh breakouts. Our attention is focused on this small cap index because 1. That’s where we often find the best growth stocks and 2. This is a former leader in the recent bull market, so could be […]

  • S&P 100 options traders are complacent, according to the VIX chart above. This Point & Figure interpretation of the indicator, with all the X’s and O’s, cancels out the noise of traditional charts by only marking significant moves. Clearly a breakdown to record lows makes a counter move up inevitable, which means selling is on […]