Chartology: Mastercard (MA) Uncertain, Watch Action Around 50 Day MA
For the past week or two, Mastercard (MA) has been hanging around the 50 day moving average. Watch the action here and now. A...
Chartology: Flour (FLR) Nearing Confluence of Resistance
Fluor (FLR) formed a nice rounded bottom during a two month basing process in June and July. The stock then rocketed higher, and is...
Chartology: Salesforce (CRM) Bounces Hard Off Key Fibonacci Level
After a big 60% run from December to April, Salesforce (CRM) sold off hard with the market, before developing a descending channel and stair...
Chartology: Apple (AAPL) On Breakout Watch
After breaking out above the downtrend line, Apple (AAPL) may look for a quick retest of the breakout area and downtrend line. This may...
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: 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...
