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The Weekly Report for July 2nd - July 6th - Doji Days For The Dow Casey Murphy - July 2, 2007 - The chart of specific interest this week is of the Dow because four out of the past five trading sessions resulted in doji candles appearing on the chart. These candlesticks are used to illustrate indecision in the market and suggest that the battle between the bulls and the bears is evenly matched...Trading Picks - Read More
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Lennar Corp- LEN - Below the head-and-shoulders neckline Casey Murphy - June 29, 2007 - LEN - Traders will use the recent price action to signal a likely reversal of the longer-term uptrend. Technical traders will maintain a bearish outlook on this stock until the bulls are able to step back in and send the price above the neckline ($39.50)...Trading Picks - Read More
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American Electric Power Co- AEP - Testing the support levels Casey Murphy - June 21, 2007 - AEP - today's decline was stopped by the combined support of the 200-day moving average and a twelve-month trendline. Technical traders will keep a close eye on this stock at current levels because two consecutive closes below the mentioned support will cause many speculators to lower their price targets to $38.50...Trading Picks - Read More
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AMEX GOLD BUGS INDEX- HUI - Ascending channel pattern Casey Murphy - June 14, 2007 - HUI - is bouncing off the lower support of a channel pattern. Traders will start to pay close attention to HUI because the bulls may decide to enter at current levels because of an interesting risk/reward situation...Trading Picks - Read More
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The Weekly Report for June 11th - June 15th - The Market Shows Weakness Casey Murphy - June 11, 2007 - The bears took control of the momentum last week and, as a result, they sent the major indexes down toward the support of their respective 50-day moving average. It is not uncommon to see a sharp correction of approximately 2-5% after an extensive rally because there is not enough demand to offset the amount of selling pressure created from those looking to lock in a profit...Trading Picks - Read More
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Past Issues:
Charts P#2
June
May
April
March
February
January
December
November
October
September
August
July
June 06
May 06
April 06
March 06
February 06
January 06
Charts 2005
Charts 2004
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