Chartology: Google (GOOG) Higher Into DeMark Sell Setup?
Yesterday I was scanning charts from the outside in (long term to short term) when I came across Google's (GOOG) weekly chart setup.
In short,...
Chartology: US Dollar Under Pressure, Technical Support Levels
Recent Euro strength and so-so domestic economic data have placed added pressure on the US Dollar. As so often is the case, a pullback in the buck...
Chartology: Financials (XLF) Ready to Breakout?
Similar to the Bank Index (BKX), the Financials Select Sector (XLF) is on the verge of breaking out. So if the finnies aren't already...
Chartology: VIX Technical Update
The Volatility Index (VIX) dropped dramatically on Friday as equities leaped higher. It is currently near sitting tenuously on support, but looking likely to retest the...
Chartology: Halliburton (HAL) Nearing Short Term Targets
Halliburton (HAL) spent much of June and early July forming an inverse head and shoulders pattern (bullish). This pattern was triggered in mid-July with...
Chartology: Bank Index (BKX) Eyeing Important Resistance Band
The financials are facing an important crossroads of time and price. The Bank Index (BKX) has rallied back to the 50 percent fibonacci retracement of the March...
Chartology: Chipotle (CMG) Daily DeMark Buy Setup 9
Spiking Corn prices, a weak technical construct, and poor earnings proved to be a powerful bearish formula for Chipotle (CMG) stock. The gap lower following Chipotle's...
Chartology: Volatility (VIX) Index Nearing Turning Point?
The Volatility Index (VIX) broke out of its recent downtrend last week and into a mini fractal of that downtrend. That fractal assisted in...
Chartology: Russell 2000 (IWM) Technical Update
This is a quick chart update to my previous chartology blog on IWM. Keep an eye on the confluence of resistance around 80. As...
Chartology: EBAY Above Bullish Channel, Nearing 2006 Highs
After a quick post earnings report surge higher, eBay, Inc (EBAY) stock finds itself in an interesting position: a bit extended and sitting above...
