Sunday, March 25, 2007

Tuesday, March 20, 2007

DD - DuPont



Held its LONG TERM support trend line after breaking down hard out of a clear HEAD + SHOULDERS pattern...Has been faring well as of late...

DOW - Dow Chemical



Emerged from the symmetrical triangle after consolidating for about 5 years and then continued higher... Took a beating in the summer down to the 33 area and subsequently made a full recovery... Has moved up recently on buyout speculation. Needs to remount the dashed black trendlines to move higher...

TM - Toyota Motors



What can one say? Except that after declining hard from the 1999 highs, TM began a dynamic uptrend going up over 300%...
A combination of it's attractiveness as a weak dollar play and a bet on the outperformance of the Japanese automakers...

HMC - Honda Motors



On a tear over the past ten years plus, as is obvious from this MONTHLY chart. Was in a long consolidation period before finally breaking out and continuing significantly higher...

DCX - Daimler Chrysler




Broke down hard out of a big head and shoulders formation and continued downward until finally double bottoming in 2003... Broke out on top of the rectangle consolidation area then pulled back to support before continuing strongly higher...

OIH - Oil Services HOLDRS



Emerged from a triangle formation and based for a long period before breaking out over resistance...Pulled back to that level which had become support and then continued it's up move during the big pop in Energy... Appears to be involved in a bullish pennant formation...

IRF - International Rectifier



Been forming a large symmetrical triangle over the intermediate term...

BRK/B - Berkshire Hathaway Class B




After a strong breakout from the long term symmetrical triangle, BRK/B has been forming what appears to be a bullish pennant as it has declined from the 3800 level...needs to resume it's move out of the current consolidation to advance further...

BJS - BJ Services



Showing a clear down sloping channel on the DAILY chart as it corrects from the steep upmove made by the entire sector...Notice that it has entered into a distinct sideways consolidation which may be signaling at the very least the END of the correction...

VLO - Valero Energy



Has been working off the huge gains it made from the previous move higher as NATGAS has come down substantially from its 2005 highs...Following support turned resistance higher...A breakout above the Triangle Apex would be BULLISH...

Monday, March 19, 2007

BYD - Boyd Gaming




After a big advance, BYD has been consolidating in what looks like a bullish flag for the past two years...Could reach the bottom of the clearly defined down sloping channel.

Sunday, March 18, 2007

ISLE - Isle of Capri Casinos




On this MONTHLY chart, after crashing from it's mid-1990's highs down to around $2 it has embarked on a huge uptrend but has now been in a consolidation phase...Appears to be tracing out a HEAD AND SHOULDERS pattern...

Friday, March 16, 2007

BSX - Boston Scientific




Finally bottomed-out on heavy volume in the fall around 14.50, and has been forming a base over the past six months. Moved up to the mid 18's and just recently made what might be a double bottom as it touched the 14's again...Could move up again from here if and when the market psychology toward this medical device maker begin to shift...

HSY - Hershey



Enjoyed a large up move and has been correcting for some time now. Looking to begin another leg up if the "SAFE STOCKS" make a move...Emerged to the top-side of the consolidation triangle recently and is finally poised atop of the EMA band.

Thursday, March 15, 2007

DDR - DEVELOPERS REALTY



HUGE MOVE UP FOR THIS ONE -- TURNED AROUND AT 72 AND HAS DECLINED WITH THE RECENT DOWN MOVE -- SEEMS TO BE FORMING A HEAD AND SHOULDERS TOP SHOULD HAVE SOME ROOM TO DECLINE FURTHER AFTER IT REBOUNDS A BIT HERE




THE UP MOVE IS EVEN MORE PRONOUNCED ON THIS CHART -- WE CAN STILL SEE A POTENTIAL REVERSAL HERE WITH THE HEAD AND SHOULDERS TOP

BKS- Barnes and Noble



HAD AN EXTENDED MOVE UPWARD AND NOW APPEARS TO BE COMPLETING A HEAD AND SHOULDERS TOP-- NOTE THAT THE STOCK RECENTLY HAS A LARGE VOLUME DECLINE..

ODP - Office Depot



AFTER AN EXTENDED UPTREND THIS ONE HAS BEEN CONSOLIDATING -- NOTICE HOWEVER THAT THE PRICE HAD FALLEN BELOW THE BOTTOM OF THE TRIIANGLE WHERE PRIOR SUPPORT IS FUNCTIONING AS RESISTANCE -- EXPECTING MINOR UPSIDE NEARTERM AND THEN --THE DECLINE...