This is James A. Hyerczyk with today's Autochartist (www.autochartiststocks.com) technical analysis of stock trends for Wednesday, May 2, 2012. Exxon Mobil Corp., stock symbol XOM, closed in a position to breakout to the upside through the Autochartist Key Level at 87.25. This is a familiar area to the stock since it had posted previous tops at 87.67, 87.83 and 87.94 earlier in the year. On Tuesday, the stock rallied to 87.52, but closed below the key level at 87.04. Last year the market topped at 88.13 and 88.23. Traders should note this because if the market does breakout as expected, there may be limited upside opportunity. According to technical analysis of stock trends, since there is a wall of resistance, there may not be a breakout to the upside. In this case, bearish traders may choose to sell into the resistance with limited risk while anticipating a possible retracement of the rally from the 81.88 bottom to the 87.52 top. Simple stock market technical analysis suggests that the next possible downside target is a retracement zone at 84.70 to 84.03. According to our equity research, another stock to watch is Alcoa, stock symbol AA. This equity market broke out to the upside of a triangle chart pattern on the 1440-minute chart, signaling the start of a potential rally into the Autochartist target level at 10.40. Technical analysis of stock trends indicates that the overall quality of this chart pattern is a slightly above average 6-bars. The initial trend which ...
This is James A. Hyerczyk with today's Autochartist (www.autochartiststocks.com) technical analysis of stock trends for Wednesday, May 2, 2012. Exxon Mobil Corp., stock symbol XOM, closed in a position to breakout to the upside through the Autochartist Key Level at 87.25. This is a familiar area to the stock since it had posted previous tops at 87.67, 87.83 and 87.94 earlier in the year. On Tuesday, the stock rallied to 87.52, but closed below the key level at 87.04. Last year the market topped at 88.13 and 88.23. Traders should note this because if the market does breakout as expected, there may be limited upside opportunity. According to technical analysis of stock trends, since there is a wall of resistance, there may not be a breakout to the upside. In this case, bearish traders may choose to sell into the resistance with limited risk while anticipating a possible retracement of the rally from the 81.88 bottom to the 87.52 top. Simple stock market technical analysis suggests that the next possible downside target is a retracement zone at 84.70 to 84.03. According to our equity research, another stock to watch is Alcoa, stock symbol AA. This equity market broke out to the upside of a triangle chart pattern on the 1440-minute chart, signaling the start of a potential rally into the Autochartist target level at 10.40. Technical analysis of stock trends indicates that the overall quality of this chart pattern is a slightly above average 6-bars. The initial trend which ...
This is James A. Hyerczyk with today's Autochartist (www.autochartiststocks.com) technical analysis of stock trends for Wednesday, May 2, 2012. Exxon Mobil Corp., stock symbol XOM, closed in a position to breakout to the upside through the Autochartist Key Level at 87.25. This is a familiar area to the stock since it had posted previous tops at 87.67, 87.83 and 87.94 earlier in the year. On Tuesday, the stock rallied to 87.52, but closed below the key level at 87.04. Last year the market topped at 88.13 and 88.23. Traders should note this because if the market does breakout as expected, there may be limited upside opportunity. According to technical analysis of stock trends, since there is a wall of resistance, there may not be a breakout to the upside. In this case, bearish traders may choose to sell into the resistance with limited risk while anticipating a possible retracement of the rally from the 81.88 bottom to the 87.52 top. Simple stock market technical analysis suggests that the next possible downside target is a retracement zone at 84.70 to 84.03. According to our equity research, another stock to watch is Alcoa, stock symbol AA. This equity market broke out to the upside of a triangle chart pattern on the 1440-minute chart, signaling the start of a potential rally into the Autochartist target level at 10.40. Technical analysis of stock trends indicates that the overall quality of this chart pattern is a slightly above average 6-bars. The initial trend which ...
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This is James A. Hyerczyk with today's Autochartist (www.autochartiststocks.com) technical analysis of stock trends for Monday, April 30, 2012. With the major US Stock Indices beginning to develop a bias to the upside based on Friday's strong closes, our technical analysis of financial markets suggests that we should be looking for follow-through rallies to drive the individual equity markets higher. Two stocks to watch on April 30 are Merck & Co. and Cisco Systems. Merck & Co., stock symbol MRK, has formed a triangle chart pattern on the 1440-minute chart. Our stock market analysis indicates that Merck may be poised to breakout to the upside. As of Friday's close, this chart pattern was still developing despite an attempt to breakout through resistance. The market actually rallied to 38.94, but sold off into the close, suggesting the presence of sellers who were still defending old tops at 38.88, 38.98 and 39.00. The most interesting Autochartist quality indicator to watch is the initial trend. This indicator posted the maximum 10-bar rating. At the time the low was reached at 30.54 on October 4, the initial trend was down, however, with a bias to the upside developing, the anticipated trend change is a reversal. According to the theory of technical analysis of stock trends, the triangle chart pattern is a non-trending pattern. Its gradual narrowing of support and resistance suggests impending volatility due to the fact that prices have been compacted in a sideways range ...
www.StockMarketFunding.com Stock Market Trends 2012 QE3 Short Interest & Market Volatility NDX vs Apple Computers (AAPL). Stock market technical analysis trading education video on recent moves in "us stocks". Learn to trade equity trends and understand the recent "economic trends" in worldwide...
Stock Market Update 04/23/2012
This is James A. Hyerczyk with today's Autochartist (www.autochartiststocks.com) technical analysis of stock trends for Friday, April 27, 2012. Our technical analysis of stock trends has identified two equity markets to watch for Friday, April 27. Today's stock market report will feature Procter & Gamble Co. and United Technologies. These two stocks are Dow 30 components. Procter & Gamble Co., stock symbol PG, has formed an emerging triangle chart pattern on the 1440-minute chart. Our stock market analysis suggests a downward bias at this time. The overall quality of this chart pattern is an average 5-bars. The initial trend which measures the strength of the trend prior to the chart pattern's formation is a slightly above average 6-bars. The uniformity rating looks for equidistant tops and bottoms. Its 7-bar rating suggests a strong occurrence of these as well as numerous successful tests of the uptrending support line. The clarity rating is a weak 3-bars. This indicates a high presence of market noise, most likely caused by the prolonged sideways, choppy trade since early March. According to the theory of technical analysis of financial markets, the triangle chart pattern is a non-trending pattern; however, its gradual narrowing of support and resistance lines suggests impending volatility. Typically, the tighter prices compress, the greater the likelihood of strong momentum following a breakout. Another stock to watch today is United Technologies Corp., stock symbol ...
Today's Market Minute is a summary of how we played the High Probability Iron Condor for the April cycle. This was not an easy period to play a "neutral" strategy, with the market showing one of the strongest trends that we've seen since 1998....so we needed to add some Dynamic Defensive positions to help manage the risk of the trade, and in the end it worked out fine, like most of these trades do. This is only ONE of the several positions that we play every cycle.
This is James A. Hyerczyk with today's Autochartist (www.autochartiststocks.com) stocks to watch for Wednesday, April 25, 2012. After strong positive earnings were reported by Apple Inc. (AAPL), equity markets surged higher during the US after-trading session, indicating a higher opening on Wednesday. Since Apple is a technology stock, the focus should be on the NASDAQ stock index, making two NASDAQ stocks, Quest Software and Amazon.com two stocks to watch for Wednesday, April 25. Quest Software Inc., stock symbol QSFT, is a stock to watch today. After several days of consolidation on the support line of a triangle chart pattern, the stock has formed an emerging pattern with a bias to the upside. The overall quality of the chart pattern is a solid 8-bars. The initial trend which measures the strength of the trend prior to the chart pattern's formation is an impressive 10-bars. Since the next move is projected to be to the upside, Autochartist has determined that the trend change is a continuation of the initial trend. The uniformity indicator is rated 9-bars. This is attributed to the equidistant tops and bottoms and the numerous successful tests of the support line. Finally, the clarity rating is 5-bars, suggesting an average amount of market noise present during the chart pattern's formation. Following the formation of two bottoms at 22.91 and 23.05, Quest Software now seems poised to move higher. Technical analysis of stock trends has determined that the main trend is ...
