Thurs 18th Sept Indices: the USDX is trading higher following FOMC and has broken up and out of the 4hr flag pattern. The weekly chart’s ‘Triple Top’ has not been avoided yet though. I’m not too sure why it is rallying given the content of the Fed statement. Maybe it just wants/needs to test the […]

Sun 14th Sept A trader wrote to me over the w/e asking me to check out what he thought was a bullish Cup ‘n’ Handle pattern setting up on the stock: Apple (AAPL). This is how the weekly chart of AAPL was looking after Friday’s close.

Tue 9th Sept I have been tracking YHOO ever since it made an ascending triangle breakout above the $20 level at the end of 2012. This is a copy of a chart from my blog back in Feb 2013 when the $20 triangle breakout was getting going.

Tue 2nd Sept Canada’s TSX index made a bullish ascending triangle breakout back in July and this now seems confirmed given the August close above this breakout 15,200 level. The TSX is an index of the largest market-cap stocks listed on the Toronto Stock Exchange.

Tue 2nd September Monday September 1st was a holiday for the US and thus today marks the first real trading day for the S&P500 for this new month. I’ve noted on numerous other occasions how the first trading day of the month is often bullish for stocks. Often, but not always, yet this is something to be […]