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September 20, 2022 The major indices gained yesterday, led by strength in Basic Materials. Other groups that outperformed include Industrials, Consumer Discretionary, Utilities, Financials and Technology. A relative and absolute underperformance occurred in Healthcare and Real Estate. In Late April negative developments occurred in the major indices. The NASDAQ 100 (NDX), NASDAQ Composite (COMPQ)...
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September 20, 2022 Despite the powerful downtrend that began in late 2021, intermediate composure is positive in Netflix, Inc. (NFLX). A potential bullish cup and handle bottoming pattern began in April 2022. The bullish pattern may trigger with a confirmed move above upper horizontal resistance, in the $249 area. A trigger of the pattern...
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September 14, 2022 Equities sold off sharply yesterday and closed near the lows of the session, while the US Dollar Index rallied. Few issues made it unscathed, while all major sectors settled deep in the red. The poorest performing groups included Technology, Communication Services, and Consumer Discretionary. In Late April negative developments occurred in...
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September 14, 2022 Overall composure is extremely cautious in Inspire Medical Systems, Inc. (INSP), as a potential large bearish complex head and shoulders distribution pattern began in November 2020. The pattern may trigger with a confirmed break below the slightly downward slanted neckline, currently in the $142.45 area. A trigger would signal a downtrend with a...
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September 07, 2022 The major indices yesterday finished in the red with relative weakness in the Russell 2000 Index (RUT). The US Dollar Index and Treasury yields gained, while Crude finished nearly unchanged. Performance in equities was mixed across sectors. Weakness was led by Energy and Communication Services, while an impressive outperformance occurred in...
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September 07, 2022 A negative signal occurred yesterday in Choice Hotels International, Inc. (CHH), as a high volume sell off pushed prices below the slightly downward slanted neckline of a bearish head and shoulders distribution pattern that began in May 2021. A continued hold below the neckline today, in the $108.75 area, would add confidence...
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August 24, 2022 The major indices yesterday finished mixed with small changes. The US Dollar Index was under pressure, while Crude gained. Performance in equities was mixed across sectors. Weakness was led by Real Estate and Healthcare, while an impressive outperformance occurred in Energy and Basic Materials.   In Late April negative developments occurred...
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August 24, 2022 Overall composure is extremely cautious in SeaWorld Entertainment, Inc. (SEAS), as a potential large bearish head and shoulders distribution pattern began in February 2021. The pattern may trigger with a confirmed break below the slightly downward slanted neckline, currently in the $40.35 area. A trigger would signal a downtrend with a minimum expected...
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July 19, 2022 The major indices yesterday finished in the red, while Treasury yields gained. The US Dollar Index was under pressure, while Crude rallied. Performance in equities was mixed across sectors. Weakness was led by Healthcare, Utilities, Technology and Consumer Staples. A relative and absolute outperformance occurred in Energy and Basic Materials. ....
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July 19, 2022 A negative signal occurred last week in Royal Bank of Canada (RY) that signaled a downtrend and lower prices. On July 14th a high volume break pushed prices below the slightly downward slanted neckline of a year-long bearish complex head and shoulders pattern, in the $95 area. The break below the...
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