Are Aluminum Stocks About to Move?
Aluminum caught my attention. Not the metal, but the sector. Aluminum Corp of China (ACH), has formed a well-defined rising channel: Century Aluminum (CENX) …
Read MoreAluminum caught my attention. Not the metal, but the sector. Aluminum Corp of China (ACH), has formed a well-defined rising channel: Century Aluminum (CENX) …
Read MoreIn the October 7th Seasonal Forecaster newsletter I was cautious, with the partial government shutdown in effect. I was expecting a deal to be worked out in …
Read MoreMany health-related stocks have been doing well. Biogen Idec, a biotech, has been doing very well. In June, BIIB pulled back right to a 50% retracement level …
Read MoreThe major indexes, and many sector Exchange Traded Funds (ETFs), still appear overbought. Their Stochastics indicators are stuck up in overbought territory, …
Read MoreYesterday's market action appeared to be a pretty clear change in market attitude. The Dow Jones Industrial Average formed a clear reversal, while the S&P 500 …
Read MoreLast week I covered how breakouts are generally not going anywhere. Another problem I see is the lack of healthy pullbacks in weekly overbought/oversold …
Read MoreBreakouts are not working. They are not following through. Take Disney, a stock that usually posts strong gains this time of year. Over the next 12 weeks, a …
Read MoreIn my October 7th newsletter, I covered the cyclical tendencies of the overall markets. This time I focused on DIA, the ETF that tracks the Dow Jones …
Read MoreOne ‘pattern' I look for is strength in multiple stocks within the same sector. It is especially meaningful if the chart strength comes from …
Read MoreThere are some people who can't give you a simple explanation to save their life. You just glanced over at your bookcase, didn't you, so you know what I mean. …
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