This update will focus on I Am Gold (IAG) and analyze its most probable bullish and bearish outcomes based on tomorrow’s rate announcement. But first, let’s review the precious metal itself. It is important to know where gold is at in its downtrend because if it is not yet at a reversal point, […]
Apple (AAPL) reached the lower price target range that was established in this previous update: Apple (AAPL) 10/28/2016 – Post-Earnings Analysis That lower price target I mentioned was looking for Apple to correct to was the 200 Day moving average. I said “do not be surprised to see Apple re-test […]
I posted a weekly chart for Gilead Sciences (GILD) in the Idea Chamber a couple of days ago. I mentioned that it appeared to be forming a complex Double Zig-Zag wave pattern. I say complex because it is one of the tougher patterns to identify in a real-time situation. However, […]
Before I look at some other individual stocks, I want to look at the progress of the NASDAQ Composite during this recent Trump Rally. Technology was late to join the party. Money came out of these sectors and high flying stocks to buy other beaten-down and unfavorable sectors. After everything […]
As I have mentioned in previous articles, oil prices are expected to be “lower for longer”. With prolonged oil prices, could the airline industry be setting up for moves higher? This article will feature Spirit Airlines (SAVE) since it has been a Trendy Stock Charts favorite. Several Trendy Stock Charts members either […]
In this update, I will be analyzing gold miners to determine if their charts have similar activity. If they do, then most likely the same general patterns are in effect for all. Sometimes when I have difficulty analyzing a chart for a certain company, I look at a stock chart from a different […]
With Black Friday at hand, what better article to write about than the retail giant of the technology industry. Apple (AAPL) has been under pressure lately like other large cap technology stocks like Facebook, Alphabet & Netflix, all part of the FANG group. But with the holiday season ride high hopes […]
My last article for Cisco Systems (CSCO) was rather bullish – I wrote that CSCO looked like it was on a breakout of epic proportions. It looked as if CSCO was going on a possible multi-year breakout. Since that time period, CSCO has not made any significant advance with its share […]
The iShares NASDAQ Biotechnology Index Fund (IBB) had one of its largest percentage gains in history. This came immediately after the election results. This huge gap-up of over 8% developed at the possible beginning of a new uptrend. One thing Trendy Stock Chart members have witnessed first-hand – the financial reward of purchasing […]
You could hear a collective sigh of relief across the nation on election morning from the biotechnology as they felt like they could breathe again. The sector has been crushed over the last year and a half by tweets from a presidential candidate. Celgene (CELG) investors were included in that bunch of stocks. […]