| Support & Resistance Report |
Current as of market close, Tuesday, April 22nd
Week-to-Week Trend & Status of the Market
With 5 Yellows, the market has shifted into neutral within its current uptrend. Click on the stock symbols for written comments and charts. |
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Slightly Overbought
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Solidly Overbought
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Extremely Overbought
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Open Swing Trades
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Slightly Oversold
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Solidly Oversold
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Extremely Oversold
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Open Swing Trades
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All Members of the Support & Resistance Report
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(Chart) |
ANALYSIS: The price of SPY closed at 137.94 on Tuesday, down 0.61 from Monday and up 4.70 from last Tuesday's price of 133.24. Since the price of SPY rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of SPY, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 135.54 and 135.92 Gathering Resistance stands between 139.38 and 139.56 (A close below 136.85 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: SPY has been operating on a Sell Signal since January 8th, 2008 when it established a Double-Bottom Breakdown at 138.00. (Click here to review Point & Figure Chart Basics.) Go To: DIA QQQQ SMH IWM Top | Support & Resistance Table (after 9:00PM) |
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(Chart) |
ANALYSIS: The price of SDS closed at 58.51 on Tuesday, up 0.63 from Monday and down 4.28 from last Tuesday's price of 62.79. Since the price of SDS fell from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of SDS, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 59.55 and 59.64 Gathering Support stands between 58.00 and 58.09 (A close above 59.38 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: SDS has been operating on a Sell Signal since March 19th, 2008 when it established a Double-Bottom Breakdown at 63.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of SSO closed at 71.94 on Tuesday, down 0.74 from Monday and up 4.53 from last Tuesday's price of 67.41. Since the price of SSO rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of SSO, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 66.00 (on the nose) Gathering Resistance stands between 96.92 and 96.94 (A close below 70.81 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: SSO has been operating on a Buy Signal since March 19th, 2008 when it established a Double-Top Breakout at 68.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of DIA closed at 127.30 on Tuesday, down 0.68 from Monday and up 3.97 from last Tuesday's price of 123.33. Since the price of DIA rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of DIA, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 125.79 and 125.95 Gathering Resistance stands between 127.86 and 128.00 (A close below 126.48 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: DIA has been operating on a Buy Signal since April 18th, 2008 when it established a Double-Top Breakout at 128.00. (Click here to review Point & Figure Chart Basics.) Go To: SPY QQQQ SMH IWM Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of QQQQ closed at 46.34 on Tuesday, down 0.70 from Monday and up 2.20 from last Tuesday's price of 44.14. Since the price of QQQQ rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of QQQQ, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 45.07 and 45.15 Gathering Resistance stands between 47.11 and 47.19 (A close below 45.37 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: QQQQ has been operating on a Buy Signal since April 2nd, 2008 when it established a Double-Top Breakout at 46.00. (Click here to review Point & Figure Chart Basics.) Go To: SPY DIA SMH IWM Top | Support & Resistance Table (after 9:00PM) |
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(Chart) |
ANALYSIS: The price of QID closed at 43.67 on Tuesday, up 1.00 from Monday and down 5.20 from last Tuesday's price of 48.87. Since the price of QID fell from last Tuesday, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of QID, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 45.20 and 45.32 Gathering Support does not exist (A close above 45.03 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: QID has been operating on a Sell Signal since March 19th, 2008 when it established a Triple-Bottom Breakdown at 51.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of QLD closed at 78.80 on Tuesday, down 1.55 from Monday and up 7.95 from last Tuesday's price of 70.85. Since the price of QLD rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of QLD, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 71.00 (on the nose) Gathering Resistance stands between 81.00 and 81.05 (A close below 76.09 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: QLD has been operating on a Buy Signal since April 18th, 2008 when it established a Double-Top Breakout at 77.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of SMH closed at 30.05 on Tuesday, down 0.89 from Monday and up 1.19 from last Tuesday's price of 28.86. Since the price of SMH rose from last Tuesday, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of SMH, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 29.25 and 29.29 Gathering Resistance stands between 30.77 and 30.79 (A close below 30.05 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: SMH has been operating on a Sell Signal since November 8th, 2007 when it established a Double-Bottom Breakdown at 33.00. (Click here to review Point & Figure Chart Basics.) Go To: SPY DIA QQQQ IWM Top | Support & Resistance Table (after 9:00PM) |
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(Chart) |
ANALYSIS: The price of IWM closed at 70.50 on Tuesday, down 1.18 from Monday and up 1.49 from last Tuesday's price of 69.01. Since the price of IWM rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of IWM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 69.00 (on the nose) Gathering Resistance stands between 76.88 and 77.00 (A close below 71.20 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: IWM has been operating on a Buy Signal since March 24th, 2008 when it established a Double-Top Breakout at 69.00. (Click here to review Point & Figure Chart Basics.) Go To: SPY DIA QQQQ SMH Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of MDY closed at 150.00 on Tuesday, down 1.59 from Monday and up 4.34 from last Tuesday's price of 145.66. Since the price of MDY rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of MDY, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 144.34 and 144.35 Gathering Resistance stands between 152.00 and 152.49 (A close below 150.22 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: MDY has been operating on a Buy Signal since April 18th, 2008 when it established a Double-Top Breakout at 152.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| EFA |
ANALYSIS: The price of EFA closed at 75.11 on Tuesday, down 0.79 from Monday and up 1.80 from last Tuesday's price of 73.31. Since the price of EFA rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of EFA, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 74.50 and 74.52 Gathering Resistance stands between 75.67 and 75.76 (A close below 75.62 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: EFA has been operating on a Buy Signal since March 26th, 2008 when it established a Double-Top Breakout at 72.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| EWH |
ANALYSIS: The price of EWH closed at 18.84 on Tuesday, down 0.02 from Monday and up 0.52 from last Tuesday's price of 18.32. Since the price of EWH rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of EWH, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 18.32 and 18.52 Gathering Resistance stands between 19.13 and 19.16 (A close below 18.60 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: EWH has been operating on a Sell Signal since January 17th, 2008 when it established a Double-Bottom Breakdown at 19.50. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| EWJ |
ANALYSIS: The price of EWJ closed at 12.81 on Tuesday, down 0.25 from Monday and up 0.27 from last Tuesday's price of 12.54. Since the price of EWJ rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of EWJ, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 12.73 and 12.78 Gathering Resistance stands at 13.10 (on the nose) (A close below 12.94 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: EWJ has been operating on a Sell Signal since June 7th, 2006 when it established a Double-Bottom Breakdown at 0.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| EEM |
ANALYSIS: The price of EEM closed at 145.30 on Tuesday, down 1.36 from Monday and up 4.66 from last Tuesday's price of 140.64. Since the price of EEM rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of EEM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 138.00 and 138.01 Gathering Resistance does not exist. (A close below 144.80 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: EEM has been operating on a Buy Signal since April 1st, 2008 when it established a Double-Top Breakout at 136.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| IYR |
ANALYSIS: The price of IYR closed at 68.36 on Tuesday, down 0.32 from Monday and up 2.31 from last Tuesday's price of 66.05. Since the price of IYR rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of IYR, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 67.44 and 67.48 Gathering Resistance stands between 69.36 and 69.37 (A close below 68.90 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: IYR has been operating on a Buy Signal since March 18th, 2008 when it established a Double-Top Breakout at 65.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| TLT |
ANALYSIS: The price of TLT closed at 93.46 on Tuesday, up 0.32 from Monday and down 0.47 from last Tuesday's price of 93.93. Since the price of TLT fell from last Tuesday but was not confirmed by today's action, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of TLT, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 97.31 and 97.35 Gathering Support stands between 92.49 and 92.59 (A close above 93.01 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: TLT has been operating on a Buy Signal since September 4th, 2007 when it established a Triple-Top Breakout at 88.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of AAPL closed at 160.20 on Tuesday, down 7.96 from Monday and up 11.82 from last Tuesday's price of 148.38. Since the price of AAPL rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of AAPL, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 152.02 and 152.19 Gathering Resistance does not exist. (A close below 153.70 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 1 of 7 overbought indicators has triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: AAPL has been operating on a Buy Signal since February 28th, 2008 when it established a Double-Top Breakout at 132.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of ADBE closed at 36.17 on Tuesday, down 0.49 from Monday and up 0.42 from last Tuesday's price of 35.75. Since the price of ADBE rose from last Tuesday, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of ADBE, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 35.30 and 35.36 Gathering Resistance stands between 36.99 and 37.00 (A close below 36.42 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: ADBE has been operating on a Buy Signal since March 26th, 2008 when it established a Triple-Top Breakout at 37.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of AKAM closed at 32.71 on Tuesday, down 0.41 from Monday and up 3.09 from last Tuesday's price of 29.62. Since the price of AKAM rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of AKAM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 31.99 and 32.00 Gathering Resistance stands between 33.93 and 34.08 (A close below 30.75 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: AKAM has been operating on a Sell Signal since March 31st, 2008 when it established a Triple-Bottom Breakdown at 28.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| BIDU |
ANALYSIS: The price of BIDU closed at 350.10 on Tuesday, down 7.41 from Monday and up 61.72 from last Tuesday's price of 288.38. Since the price of BIDU rose from last Tuesday, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of BIDU, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 279.85 and 280.05 Gathering Resistance does not exist. (A close below 317.75 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 3 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: BIDU has been operating on a Buy Signal since April 1st, 2008 when it established a Double-Top Breakout at 256.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| BRCM |
ANALYSIS: The price of BRCM closed at 23.55 on Tuesday, down 0.27 from Monday and up 2.76 from last Tuesday's price of 20.79. Since the price of BRCM rose from last Tuesday but was not confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of BRCM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 19.61 and 19.66 Gathering Resistance does not exist. (A close below 21.74 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 2 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: BRCM has been operating on a Sell Signal since October 31st, 2007 when it established a Double-Bottom Breakdown at 32.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| CREE |
ANALYSIS: The price of CREE closed at 31.06 on Tuesday, down 0.71 from Monday and up 2.88 from last Tuesday's price of 28.18. Since the price of CREE rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of CREE, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 28.97 and 29.00 Gathering Resistance stands between 32.96 and 32.99 (A close below 30.32 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: CREE has been operating on a Sell Signal since March 3rd, 2008 when it established a Double-Bottom Breakdown at 30.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| CSCO |
ANALYSIS: The price of CSCO closed at 24.92 on Tuesday, up 0.03 from Monday and up 1.81 from last Tuesday's price of 23.11. Since the price of CSCO rose from last Tuesday and was confirmed by today's action, it turned neutral (but only slightly so) as compared to last Tuesday's bearish status. The short-term trend of CSCO, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 24.51 and 24.54 Gathering Resistance stands between 25.22 and 25.26 (A close below 23.83 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: CSCO has been operating on a Sell Signal since November 26th, 2007 when it established a Double-Bottom Breakdown at 28.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| DELL |
ANALYSIS: The price of DELL closed at 19.05 on Tuesday, down 0.51 from Monday and up 0.77 from last Tuesday's price of 18.28. Since the price of DELL rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of DELL, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 18.48 and 18.50 Gathering Resistance stands between 19.63 and 19.70 (A close below 18.72 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: DELL has been operating on a Sell Signal since November 30th, 2007 when it established a Double-Bottom Breakdown at 24.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| EBAY |
ANALYSIS: The price of EBAY closed at 30.89 on Tuesday, up 0.26 from Monday and down 0.69 from last Tuesday's price of 31.58. Since the price of EBAY fell from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of EBAY, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 31.31 and 31.37 Gathering Support stands between 30.00 and 30.04 (A close above 32.12 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: EBAY has been operating on a Buy Signal since March 24th, 2008 when it established a Double-Top Breakout at 30.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| GOOG |
ANALYSIS: The price of GOOG closed at 555.00 on Tuesday, up 17.21 from Monday and up 108.16 from last Tuesday's price of 446.84. Since the price of GOOG rose from last Tuesday and was confirmed by today's action, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of GOOG, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 469.00 and 470.45 Gathering Resistance does not exist. (A close below 455.03 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 3 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: GOOG has been operating on a Buy Signal since April 18th, 2008 when it established a Double-Top Breakout at 476.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| HPQ |
ANALYSIS: The price of HPQ closed at 48.17 on Tuesday, down 0.28 from Monday and up 2.35 from last Tuesday's price of 45.82. Since the price of HPQ rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of HPQ, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 47.58 and 47.59 Gathering Resistance stands at 48.50 (on the nose) (A close below 47.10 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: HPQ has been operating on a Buy Signal since February 20th, 2008 when it established a Double-Top Breakout at 46.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| IBM |
ANALYSIS: The price of IBM closed at 123.67 on Tuesday, down 0.68 from Monday and up 6.50 from last Tuesday's price of 117.17. Since the price of IBM rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of IBM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 115.54 and 115.58 Gathering Resistance stands between 124.40 and 124.43 (A close below 120.47 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 1 of 7 overbought indicators has triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: IBM has been operating on a Buy Signal since January 14th, 2008 when it established a Double-Top Breakout at 102.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| INTC |
ANALYSIS: The price of INTC closed at 21.99 on Tuesday, down 0.47 from Monday and up 1.08 from last Tuesday's price of 20.91. Since the price of INTC rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of INTC, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 21.55 and 21.77 Gathering Resistance stands between 22.45 and 22.73 (A close below 22.13 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: INTC has been operating on a Sell Signal since January 16th, 2008 when it established a Double-Bottom Breakdown at 21.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| KLAC |
ANALYSIS: The price of KLAC closed at 41.67 on Tuesday, down 1.90 from Monday and up 1.80 from last Tuesday's price of 39.87. Since the price of KLAC rose from last Tuesday, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of KLAC, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 35.02 (on the nose) Gathering Resistance stands at 49.00 (on the nose) (A close below 43.23 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: KLAC has been operating on a Sell Signal since March 12th, 2008 when it established a Triple-Bottom Breakdown at 39.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| MSFT |
ANALYSIS: The price of MSFT closed at 30.25 on Tuesday, down 0.17 from Monday and up 2.00 from last Tuesday's price of 28.25. Since the price of MSFT rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of MSFT, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 29.58 and 29.59 Gathering Resistance stands between 31.00 and 31.04 (A close below 28.95 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: MSFT has been operating on a Sell Signal since January 22nd, 2008 when it established a Double-Bottom Breakdown at 32.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| NTAP |
ANALYSIS: The price of NTAP closed at 22.16 on Tuesday, down 1.08 from Monday and up 0.80 from last Tuesday's price of 21.36. Since the price of NTAP rose from last Tuesday, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of NTAP, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 19.00 (on the nose) Gathering Resistance stands between 23.30 and 23.34 (A close below 21.82 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: NTAP has been operating on a Sell Signal since March 14th, 2007 when it established a Double-Bottom Breakdown at 36.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| NVDA |
ANALYSIS: The price of NVDA closed at 19.50 on Tuesday, down 0.37 from Monday and up 1.38 from last Tuesday's price of 18.12. Since the price of NVDA rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of NVDA, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 17.31 (on the nose) Gathering Resistance stands between 20.00 and 20.07 (A close below 18.84 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: NVDA has been operating on a Sell Signal since November 12th, 2007 when it established a Double-Bottom Breakdown at 32.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| NVLS |
ANALYSIS: The price of NVLS closed at 20.29 on Tuesday, down 2.24 from Monday and down 0.88 from last Tuesday's price of 21.17. Since the price of NVLS fell from last Tuesday and was confirmed by today's action, it turned bearish as compared to last Tuesday's neutral status. The short-term trend of NVLS, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 21.88 and 22.00 Gathering Support stands at 20.00 (on the nose) (A close above 22.40 on Wednesday reverses the short-term trend from down to up.) Slightly Oversold: 1 of 7 oversold indicators has triggered suggesting a slightly oversold condition in the short-term. Observations from the Point & Figure Chart: NVLS has been operating on a Sell Signal since January 17th, 2007 when it established a Double-Bottom Breakdown at 0.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| ORCL |
ANALYSIS: The price of ORCL closed at 21.78 on Tuesday, up 0.02 from Monday and up 1.60 from last Tuesday's price of 20.18. Since the price of ORCL rose from last Tuesday and was confirmed by today's action, it turned bullish (but only slightly so) as compared to last Tuesday's neutral status. The short-term trend of ORCL, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 21.30 and 21.34 Gathering Resistance stands between 21.91 and 22.10 (A close below 20.77 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: ORCL has been operating on a Sell Signal since February 8th, 2008 when it established a Double-Bottom Breakdown at 19.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| QCOM |
ANALYSIS: The price of QCOM closed at 41.55 on Tuesday, down 1.07 from Monday and up 0.36 from last Tuesday's price of 41.19. Since the price of QCOM rose from last Tuesday, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of QCOM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 41.00 (on the nose) Gathering Resistance stands between 42.94 and 43.00 (A close below 42.26 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: QCOM has been operating on a Sell Signal since March 11th, 2008 when it established a Double-Bottom Breakdown at 38.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| RIMM |
ANALYSIS: The price of RIMM closed at 121.33 on Tuesday, down 4.87 from Monday and up 5.68 from last Tuesday's price of 115.65. Since the price of RIMM rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of RIMM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 118.35 and 118.40 Gathering Resistance stands between 127.88 and 128.10 (A close below 120.12 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: RIMM has been operating on a Buy Signal since March 13th, 2008 when it established a Double-Top Breakout at 106.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| RMBS |
ANALYSIS: The price of RMBS closed at 23.19 on Tuesday, up 0.65 from Monday and up 0.93 from last Tuesday's price of 22.26. Since the price of RMBS rose from last Tuesday and was confirmed by today's action, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of RMBS, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 19.17 and 19.23 Gathering Resistance stands at 26.41 (on the nose) (A close below 22.73 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: RMBS has been operating on a Buy Signal since March 26th, 2008 when it established a Double-Top Breakout at 19.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| SNDK |
ANALYSIS: The price of SNDK closed at 27.13 on Tuesday, down 1.39 from Monday and up 2.32 from last Tuesday's price of 24.81. Since the price of SNDK rose from last Tuesday, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of SNDK, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 24.00 and 24.10 Gathering Resistance stands between 28.93 and 29.00 (A close below 26.70 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 1 of 7 overbought indicators has triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: SNDK has been operating on a Sell Signal since September 13th, 2007 when it established a Double-Bottom Breakdown at 51.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| T |
ANALYSIS: The price of T closed at 37.81 on Tuesday, up 0.22 from Monday and up 0.48 from last Tuesday's price of 37.33. Since the price of T rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of T, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 36.99 and 37.02 Gathering Resistance stands between 38.32 and 38.38 (A close below 37.61 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: T has been operating on a Buy Signal since April 1st, 2008 when it established a Double-Top Breakout at 39.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| TXN |
ANALYSIS: The price of TXN closed at 28.82 on Tuesday, down 1.77 from Monday and up 0.10 from last Tuesday's price of 28.72. Since the price of TXN rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of TXN, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 28.05 and 28.11 Gathering Resistance stands between 30.14 and 30.21 (A close below 29.61 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: TXN has been operating on a Sell Signal since October 23rd, 2007 when it established a Double-Bottom Breakdown at 31.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| VZ |
ANALYSIS: The price of VZ closed at 35.73 on Tuesday, down 0.23 from Monday and up 0.62 from last Tuesday's price of 35.11. Since the price of VZ rose from last Tuesday, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of VZ, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 34.96 and 35.05 Gathering Resistance stands between 36.68 and 36.79 (A close below 35.85 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: VZ has been operating on a Sell Signal since January 18th, 2008 when it established a Triple-Bottom Breakdown at 39.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| XMSR |
ANALYSIS: The price of XMSR closed at 11.42 on Tuesday, up 0.69 from Monday and up 0.93 from last Tuesday's price of 10.49. Since the price of XMSR rose from last Tuesday and was confirmed by today's action, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of XMSR, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 10.50 and 10.52 Gathering Resistance stands between 11.48 and 11.50 (A close below 10.74 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: XMSR has been operating on a Sell Signal since April 14th, 2008 when it established a Double-Bottom Breakdown at 10.50. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| YHOO |
ANALYSIS: The price of YHOO closed at 28.54 on Tuesday, down 0.01 from Monday and up 0.37 from last Tuesday's price of 28.17. Since the price of YHOO rose from last Tuesday but was not confirmed by today's action, it turned neutral (but only slightly so) as compared to last Tuesday's bullish status. The short-term trend of YHOO, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 28.16 and 28.33 Gathering Resistance stands between 28.93 and 29.06 (A close below 28.31 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: YHOO has been operating on a Buy Signal since February 1st, 2008 when it established a Double-Top Breakout at 23.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| XLB |
ANALYSIS: The price of XLB closed at 44.00 on Tuesday, down 0.35 from Monday and up 1.80 from last Tuesday's price of 42.20. Since the price of XLB rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of XLB, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 40.79 and 40.80 Gathering Resistance stands at 44.62 (on the nose) (A close below 44.22 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: XLB has been operating on a Buy Signal since April 3rd, 2008 when it established a Double-Top Breakout at 42.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| GLD |
ANALYSIS: The price of GLD closed at 90.27 on Tuesday, up 0.02 from Monday and down 1.39 from last Tuesday's price of 91.66. Since the price of GLD fell from last Tuesday, it turned neutral (but only slightly so) as compared to last Tuesday's bullish status. The short-term trend of GLD, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands at 100.44 (on the nose) Gathering Support stands between 86.32 and 86.35 (A close above 93.27 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: GLD has been operating on a Sell Signal since March 19th, 2008 when it established a Double-Bottom Breakdown at 94.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| GDX |
ANALYSIS: The price of GDX closed at 48.13 on Tuesday, down 0.59 from Monday and down 0.97 from last Tuesday's price of 49.10. Since the price of GDX fell from last Tuesday and was confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of GDX, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 49.30 and 49.31 Gathering Support stands between 47.66 and 47.70 (A close above 51.43 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: GDX has been operating on a Buy Signal since April 16th, 2008 when it established a Double-Top Breakout at 51.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of AA closed at 35.70 on Tuesday, down 0.55 from Monday and up 0.86 from last Tuesday's price of 34.84. Since the price of AA rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of AA, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 34.73 and 34.81 Gathering Resistance stands between 36.49 and 36.51 (A close below 35.97 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: AA has been operating on a Sell Signal since March 20th, 2008 when it established a Double-Bottom Breakdown at 35.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of ABX closed at 42.71 on Tuesday, down 0.43 from Monday and down 0.77 from last Tuesday's price of 43.48. Since the price of ABX fell from last Tuesday and was confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of ABX, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 46.58 and 46.60 Gathering Support stands between 41.81 and 41.84 (A close above 46.04 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: ABX has been operating on a Buy Signal since April 16th, 2008 when it established a Double-Top Breakout at 46.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of DD closed at 50.16 on Tuesday, down 2.09 from Monday and up 1.23 from last Tuesday's price of 48.93. Since the price of DD rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of DD, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 46.76 and 46.88 Gathering Resistance stands between 52.46 and 52.49 (A close below 51.10 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: DD has been operating on a Buy Signal since February 12th, 2008 when it established a Double-Top Breakout at 47.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of DOW closed at 39.30 on Tuesday, down 0.67 from Monday and up 1.31 from last Tuesday's price of 37.99. Since the price of DOW rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of DOW, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 38.43 and 38.52 Gathering Resistance stands between 39.98 and 40.00 (A close below 39.42 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: DOW has been operating on a Buy Signal since April 18th, 2008 when it established a Triple-Top Breakout at 40.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| FCX |
ANALYSIS: The price of FCX closed at 118.65 on Tuesday, up 3.51 from Monday and up 13.15 from last Tuesday's price of 105.50. Since the price of FCX rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of FCX, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 100.00 (on the nose) Gathering Resistance does not exist. (A close below 113.22 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 3 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: FCX has been operating on a Buy Signal since March 27th, 2008 when it established a Double-Top Breakout at 99.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of IP closed at 27.31 on Tuesday, down 1.21 from Monday and up 0.02 from last Tuesday's price of 27.29. Since the price of IP rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of IP, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 26.59 and 26.61 Gathering Resistance stands at 28.85 (on the nose) (A close below 28.42 on Wednesday reverses the short-term trend from up to down.) Slightly Oversold: 1 of 7 oversold indicators has triggered suggesting a slightly oversold condition in the short-term. Observations from the Point & Figure Chart: IP has been operating on a Sell Signal since January 9th, 2008 when it established a Triple-Bottom Breakdown at 30.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of MON closed at 128.58 on Tuesday, down 1.12 from Monday and up 5.90 from last Tuesday's price of 122.68. Since the price of MON rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of MON, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 116.00 and 116.01 Gathering Resistance stands at 132.36 (on the nose) (A close below 131.54 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: MON has been operating on a Buy Signal since March 25th, 2008 when it established a Triple-Top Breakout at 114.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| NEM |
ANALYSIS: The price of NEM closed at 44.65 on Tuesday, down 0.43 from Monday and down 0.80 from last Tuesday's price of 45.45. Since the price of NEM fell from last Tuesday and was confirmed by today's action, it turned bearish as compared to last Tuesday's neutral status. The short-term trend of NEM, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 46.22 and 46.27 Gathering Support stands between 37.99 and 38.01 (A close above 47.91 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: NEM has been operating on a Sell Signal since March 20th, 2008 when it established a Double-Bottom Breakdown at 48.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| NUE |
ANALYSIS: The price of NUE closed at 74.63 on Tuesday, up 0.24 from Monday and up 5.82 from last Tuesday's price of 68.81. Since the price of NUE rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of NUE, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 67.00 (on the nose) Gathering Resistance does not exist. (A close below 72.61 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 1 of 7 overbought indicators has triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: NUE has been operating on a Buy Signal since April 17th, 2008 when it established a Triple-Top Breakout at 74.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of POT closed at 214.83 on Tuesday, up 6.04 from Monday and up 30.42 from last Tuesday's price of 184.41. Since the price of POT rose from last Tuesday and was confirmed by today's action, it remained bullish as compared to last Tuesday's bullish status. The short-term trend of POT, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 204.67 (on the nose) Gathering Resistance does not exist. (A close below 198.26 on Wednesday reverses the short-term trend from up to down.) Extremely Overbought: 6 of 7 overbought indicators have triggered suggesting a extremely overbought condition in the short-term. Observations from the Point & Figure Chart: POT has been operating on a Buy Signal since March 27th, 2008 when it established a Double-Top Breakout at 162.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of X closed at 153.69 on Tuesday, down 3.25 from Monday and up 7.06 from last Tuesday's price of 146.63. Since the price of X rose from last Tuesday but was not confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of X, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 150.00 (on the nose) Gathering Resistance stands at 158.23 (on the nose) (A close below 155.37 on Wednesday reverses the short-term trend from up to down.) Solidly Overbought: 4 of 7 overbought indicators have triggered suggesting a solidly overbought condition in the short-term. Observations from the Point & Figure Chart: X has been operating on a Buy Signal since March 25th, 2008 when it established a Triple-Top Breakout at 124.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of AMZN closed at 79.60 on Tuesday, down 0.58 from Monday and up 7.10 from last Tuesday's price of 72.50. Since the price of AMZN rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of AMZN, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 71.97 and 72.00 Gathering Resistance does not exist. (A close below 74.59 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: AMZN has been operating on a Buy Signal since April 18th, 2008 when it established a Double-Top Breakout at 79.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of ANF closed at 71.14 on Tuesday, down 2.09 from Monday and up 0.50 from last Tuesday's price of 70.64. Since the price of ANF rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of ANF, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 67.67 and 67.68 Gathering Resistance stands between 73.94 and 74.06 (A close below 71.27 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: ANF has been operating on a Sell Signal since April 11th, 2008 when it established a Triple-Bottom Breakdown at 71.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of BBBY closed at 31.36 on Tuesday, down 0.72 from Monday and up 1.55 from last Tuesday's price of 29.81. Since the price of BBBY rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of BBBY, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 30.69 and 30.74 Gathering Resistance stands between 32.22 and 32.58 (A close below 30.54 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: BBBY has been operating on a Buy Signal since March 19th, 2008 when it established a Double-Top Breakout at 32.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of BBY closed at 42.37 on Tuesday, down 1.40 from Monday and up 0.73 from last Tuesday's price of 41.64. Since the price of BBY rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of BBY, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 41.33 and 41.34 Gathering Resistance stands between 44.00 and 44.13 (A close below 42.66 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: BBY has been operating on a Sell Signal since January 4th, 2008 when it established a Double-Bottom Breakdown at 48.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of CROX closed at 9.85 on Tuesday, down 0.53 from Monday and down 0.26 from last Tuesday's price of 10.11. Since the price of CROX fell from last Tuesday and was confirmed by today's action, it remained bearish as compared to last Tuesday's bearish status. The short-term trend of CROX, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance does not exist. Gathering Support stands at 9.68 (on the nose) (A close above 9.73 on Wednesday reverses the short-term trend from down to up.) Slightly Oversold: 2 of 7 oversold indicators have triggered suggesting a slightly oversold condition in the short-term. Observations from the Point & Figure Chart: CROX has been operating on a Sell Signal since April 15th, 2008 when it established a Double-Bottom Breakdown at 15.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of DIS closed at 31.29 on Tuesday, down 0.17 from Monday and up 1.36 from last Tuesday's price of 29.93. Since the price of DIS rose from last Tuesday, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of DIS, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 31.00 and 31.09 Gathering Resistance stands between 31.54 and 31.59 (A close below 30.32 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: DIS has been operating on a Sell Signal since February 28th, 2007 when it established a Double-Bottom Breakdown at 0.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| GM |
ANALYSIS: The price of GM closed at 20.51 on Tuesday, down 0.76 from Monday and up 1.39 from last Tuesday's price of 19.12. Since the price of GM rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of GM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 19.96 and 20.13 Gathering Resistance stands between 21.66 and 21.75 (A close below 19.90 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: GM has been operating on a Sell Signal since November 19th, 2007 when it established a Triple-Bottom Breakdown at 28.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| GPS |
ANALYSIS: The price of GPS closed at 18.12 on Tuesday, down 0.48 from Monday and down 0.63 from last Tuesday's price of 18.75. Since the price of GPS fell from last Tuesday and was confirmed by today's action, it turned bearish as compared to last Tuesday's neutral status. The short-term trend of GPS, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 18.50 and 18.58 Gathering Support stands between 17.75 and 17.77 (A close above 18.88 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: GPS has been operating on a Sell Signal since January 10th, 2008 when it established a Double-Bottom Breakdown at 18.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| HD |
ANALYSIS: The price of HD closed at 28.52 on Tuesday, down 0.46 from Monday and up 0.59 from last Tuesday's price of 27.93. Since the price of HD rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of HD, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 27.50 and 27.71 Gathering Resistance stands between 29.41 and 29.44 (A close below 28.02 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: HD has been operating on a Sell Signal since August 6th, 2007 when it established a Double-Bottom Breakdown at 35.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| KSS |
ANALYSIS: The price of KSS closed at 46.09 on Tuesday, even 0.00 from Monday and up 2.12 from last Tuesday's price of 43.97. Since the price of KSS rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of KSS, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 44.79 and 44.83 Gathering Resistance stands between 46.95 and 47.00 (A close below 44.07 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: KSS has been operating on a Sell Signal since March 6th, 2008 when it established a Double-Bottom Breakdown at 43.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| LOW |
ANALYSIS: The price of LOW closed at 24.32 on Tuesday, down 0.51 from Monday and up 0.20 from last Tuesday's price of 24.12. Since the price of LOW rose from last Tuesday but was not confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of LOW, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 22.86 and 23.00 Gathering Resistance stands between 24.84 and 24.85 (A close below 24.48 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: LOW has been operating on a Buy Signal since January 23rd, 2008 when it established a Double-Top Breakout at 26.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| LVS |
ANALYSIS: The price of LVS closed at 70.99 on Tuesday, up 5.96 from Monday and up 1.96 from last Tuesday's price of 69.03. Since the price of LVS rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of LVS, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 64.86 and 64.87 Gathering Resistance stands between 96.92 and 97.00 (A close below 69.17 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: LVS has been operating on a Sell Signal since April 10th, 2008 when it established a Double-Bottom Breakdown at 79.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of MCD closed at 58.35 on Tuesday, down 0.32 from Monday and up 2.39 from last Tuesday's price of 55.96. Since the price of MCD rose from last Tuesday but was not confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of MCD, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 55.70 and 55.77 Gathering Resistance does not exist. (A close below 57.18 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: MCD has been operating on a Buy Signal since September 8th, 2006 when it established a Double-Top Breakout at 35.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of MGM closed at 50.73 on Tuesday, up 1.67 from Monday and up 1.15 from last Tuesday's price of 49.58. Since the price of MGM rose from last Tuesday and was confirmed by today's action, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of MGM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 48.52 (on the nose) Gathering Resistance does not exist. (A close below 49.39 on Wednesday reverses the short-term trend from up to down.) Slightly Oversold: 1 of 7 oversold indicators has triggered suggesting a slightly oversold condition in the short-term. Observations from the Point & Figure Chart: MGM has been operating on a Sell Signal since March 17th, 2008 when it established a Double-Bottom Breakdown at 60.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| SBUX |
ANALYSIS: The price of SBUX closed at 17.70 on Tuesday, down 0.35 from Monday and up 0.38 from last Tuesday's price of 17.32. Since the price of SBUX rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of SBUX, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 16.77 and 16.88 Gathering Resistance stands between 18.23 and 18.32 (A close below 17.68 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: SBUX has been operating on a Sell Signal since June 7th, 2007 when it established a Triple-Bottom Breakdown at 28.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| TGT |
ANALYSIS: The price of TGT closed at 52.63 on Tuesday, down 1.92 from Monday and up 0.09 from last Tuesday's price of 52.54. Since the price of TGT rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of TGT, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 51.73 (on the nose) Gathering Resistance stands between 55.00 and 55.15 (A close below 53.63 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: TGT has been operating on a Buy Signal since April 18th, 2008 when it established a Double-Top Breakout at 55.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| WYNN |
ANALYSIS: The price of WYNN closed at 102.64 on Tuesday, up 7.10 from Monday and up 4.58 from last Tuesday's price of 98.06. Since the price of WYNN rose from last Tuesday and was confirmed by today's action, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of WYNN, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 90.81 and 90.90 Gathering Resistance does not exist. (A close below 100.13 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: WYNN has been operating on a Buy Signal since April 22nd, 2008 when it established a Double-Top Breakout at 100.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of XLE closed at 84.58 on Tuesday, up 0.04 from Monday and up 4.88 from last Tuesday's price of 79.70. Since the price of XLE rose from last Tuesday and was confirmed by today's action, it remained bullish as compared to last Tuesday's bullish status. The short-term trend of XLE, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 83.48 and 83.59 Gathering Resistance stands between 85.29 and 85.34 (A close below 82.40 on Wednesday reverses the short-term trend from up to down.) Solidly Overbought: 4 of 7 overbought indicators have triggered suggesting a solidly overbought condition in the short-term. Observations from the Point & Figure Chart: XLE has been operating on a Buy Signal since April 2nd, 2008 when it established a Double-Top Breakout at 76.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of OIH closed at 207.43 on Tuesday, down 2.74 from Monday and up 14.39 from last Tuesday's price of 193.04. Since the price of OIH rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of OIH, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 178.48 and 178.54 Gathering Resistance stands between 210.99 and 211.10 (A close below 198.58 on Wednesday reverses the short-term trend from up to down.) Extremely Overbought: 5 of 7 overbought indicators have triggered suggesting a extremely overbought condition in the short-term. Observations from the Point & Figure Chart: OIH has been operating on a Buy Signal since March 26th, 2008 when it established a Double-Top Breakout at 176.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of USO closed at 95.08 on Tuesday, up 0.70 from Monday and up 3.64 from last Tuesday's price of 91.44. Since the price of USO rose from last Tuesday and was confirmed by today's action, it remained bullish as compared to last Tuesday's bullish status. The short-term trend of USO, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 88.30 and 88.45 Gathering Resistance does not exist. (A close below 92.15 on Wednesday reverses the short-term trend from up to down.) Extremely Overbought: 5 of 7 overbought indicators have triggered suggesting a extremely overbought condition in the short-term. Observations from the Point & Figure Chart: USO has been operating on a Buy Signal since April 7th, 2008 when it established a Double-Top Breakout at 87.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of UNG closed at 51.30 on Tuesday, down 0.60 from Monday and up 1.85 from last Tuesday's price of 49.45. Since the price of UNG rose from last Tuesday but was not confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of UNG, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 50.12 and 50.21 Gathering Resistance does not exist. (A close below 50.45 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: UNG has been operating on a Buy Signal since February 11th, 2008 when it established a Double-Top Breakout at 41.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of DUG closed at 29.67 on Tuesday, down 0.03 from Monday and down 3.60 from last Tuesday's price of 33.27. Since the price of DUG fell from last Tuesday and was confirmed by today's action, it remained bearish as compared to last Tuesday's bearish status. The short-term trend of DUG, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 36.98 and 37.00 Gathering Support does not exist (A close above 31.44 on Wednesday reverses the short-term trend from down to up.) Slightly Oversold: 2 of 7 oversold indicators have triggered suggesting a slightly oversold condition in the short-term. Observations from the Point & Figure Chart: DUG has been operating on a Sell Signal since March 26th, 2008 when it established a Double-Bottom Breakdown at 38.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of APA closed at 141.60 on Tuesday, up 0.45 from Monday and up 5.65 from last Tuesday's price of 135.95. Since the price of APA rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of APA, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 119.73 and 120.00 Gathering Resistance does not exist. (A close below 140.55 on Wednesday reverses the short-term trend from up to down.) Extremely Overbought: 5 of 7 overbought indicators have triggered suggesting a extremely overbought condition in the short-term. Observations from the Point & Figure Chart: APA has been operating on a Buy Signal since March 26th, 2008 when it established a Double-Top Breakout at 120.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of APC closed at 70.07 on Tuesday, up 0.32 from Monday and up 4.22 from last Tuesday's price of 65.85. Since the price of APC rose from last Tuesday and was confirmed by today's action, it remained bullish as compared to last Tuesday's bullish status. The short-term trend of APC, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 68.90 and 69.00 Gathering Resistance stands between 71.96 and 72.00 (A close below 68.13 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 2 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: APC has been operating on a Buy Signal since March 26th, 2008 when it established a Double-Top Breakout at 65.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| BTU |
ANALYSIS: The price of BTU closed at 68.56 on Tuesday, down 0.27 from Monday and up 4.59 from last Tuesday's price of 63.97. Since the price of BTU rose from last Tuesday but was not confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of BTU, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 64.67 and 64.70 Gathering Resistance does not exist. (A close below 66.96 on Wednesday reverses the short-term trend from up to down.) Extremely Overbought: 5 of 7 overbought indicators have triggered suggesting a extremely overbought condition in the short-term. Observations from the Point & Figure Chart: BTU has been operating on a Buy Signal since March 27th, 2008 when it established a Double-Top Breakout at 53.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| CHK |
ANALYSIS: The price of CHK closed at 53.68 on Tuesday, up 2.00 from Monday and up 4.36 from last Tuesday's price of 49.32. Since the price of CHK rose from last Tuesday and was confirmed by today's action, it remained bullish as compared to last Tuesday's bullish status. The short-term trend of CHK, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 48.26 and 48.32 Gathering Resistance does not exist. (A close below 51.03 on Wednesday reverses the short-term trend from up to down.) Extremely Overbought: 5 of 7 overbought indicators have triggered suggesting a extremely overbought condition in the short-term. Observations from the Point & Figure Chart: CHK has been operating on a Buy Signal since February 11th, 2008 when it established a Double-Top Breakout at 41.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| COP |
ANALYSIS: The price of COP closed at 84.89 on Tuesday, up 0.55 from Monday and up 3.65 from last Tuesday's price of 81.24. Since the price of COP rose from last Tuesday and was confirmed by today's action, it remained bullish as compared to last Tuesday's bullish status. The short-term trend of COP, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 83.89 and 84.00 Gathering Resistance does not exist. (A close below 82.81 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 1 of 7 overbought indicators has triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: COP has been operating on a Buy Signal since April 2nd, 2008 when it established a Double-Top Breakout at 79.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| CVX |
ANALYSIS: The price of CVX closed at 94.03 on Tuesday, up 1.33 from Monday and up 3.86 from last Tuesday's price of 90.17. Since the price of CVX rose from last Tuesday and was confirmed by today's action, it remained bullish as compared to last Tuesday's bullish status. The short-term trend of CVX, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 91.64 and 91.68 Gathering Resistance stands between 96.45 and 96.49 (A close below 91.93 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 2 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: CVX has been operating on a Buy Signal since April 2nd, 2008 when it established a Double-Top Breakout at 87.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of ECA closed at 84.94 on Tuesday, down 1.29 from Monday and up 2.94 from last Tuesday's price of 82.00. Since the price of ECA rose from last Tuesday but was not confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of ECA, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 76.00 and 76.08 Gathering Resistance does not exist. (A close below 84.85 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 1 of 7 overbought indicators has triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: ECA has been operating on a Buy Signal since April 14th, 2008 when it established a Triple-Top Breakout at 80.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| OXY |
ANALYSIS: The price of OXY closed at 86.06 on Tuesday, up 1.25 from Monday and up 6.59 from last Tuesday's price of 79.47. Since the price of OXY rose from last Tuesday and was confirmed by today's action, it remained bullish as compared to last Tuesday's bullish status. The short-term trend of OXY, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 82.86 and 82.89 Gathering Resistance does not exist. (A close below 83.19 on Wednesday reverses the short-term trend from up to down.) Extremely Overbought: 5 of 7 overbought indicators have triggered suggesting a extremely overbought condition in the short-term. Observations from the Point & Figure Chart: OXY has been operating on a Buy Signal since March 27th, 2008 when it established a Double-Top Breakout at 75.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| RIG |
ANALYSIS: The price of RIG closed at 158.11 on Tuesday, down 1.57 from Monday and up 8.81 from last Tuesday's price of 149.30. Since the price of RIG rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of RIG, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 139.70 and 140.00 Gathering Resistance stands between 160.00 and 160.30 (A close below 152.77 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 2 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: RIG has been operating on a Buy Signal since April 3rd, 2008 when it established a Double-Top Breakout at 140.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| SLB |
ANALYSIS: The price of SLB closed at 105.91 on Tuesday, down 1.00 from Monday and up 14.78 from last Tuesday's price of 91.13. Since the price of SLB rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of SLB, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 101.85 and 102.00 Gathering Resistance does not exist. (A close below 94.80 on Wednesday reverses the short-term trend from up to down.) Extremely Overbought: 5 of 7 overbought indicators have triggered suggesting a extremely overbought condition in the short-term. Observations from the Point & Figure Chart: SLB has been operating on a Buy Signal since March 26th, 2008 when it established a Double-Top Breakout at 85.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| VLO |
ANALYSIS: The price of VLO closed at 52.79 on Tuesday, down 0.71 from Monday and up 4.23 from last Tuesday's price of 48.56. Since the price of VLO rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of VLO, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 44.93 and 44.98 Gathering Resistance stands between 57.77 and 57.78 (A close below 51.68 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: VLO has been operating on a Buy Signal since April 2nd, 2008 when it established a Double-Top Breakout at 53.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| XOM |
ANALYSIS: The price of XOM closed at 94.39 on Tuesday, up 0.13 from Monday and up 3.59 from last Tuesday's price of 90.80. Since the price of XOM rose from last Tuesday and was confirmed by today's action, it remained bullish as compared to last Tuesday's bullish status. The short-term trend of XOM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 88.40 and 88.53 Gathering Resistance stands between 95.35 and 95.50 (A close below 92.89 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 2 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: XOM has been operating on a Buy Signal since April 2nd, 2008 when it established a Triple-Top Breakout at 89.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| FSLR |
ANALYSIS: The price of FSLR closed at 298.03 on Tuesday, up 6.18 from Monday and up 10.71 from last Tuesday's price of 287.32. Since the price of FSLR rose from last Tuesday and was confirmed by today's action, it remained bullish as compared to last Tuesday's bullish status. The short-term trend of FSLR, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 176.01 and 176.52 Gathering Resistance stands between 313.00 and 313.23 (A close below 295.91 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 2 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: FSLR has been operating on a Buy Signal since March 24th, 2008 when it established a Double-Top Breakout at 212.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| JASO |
ANALYSIS: The price of JASO closed at 25.74 on Tuesday, up 0.16 from Monday and up 1.60 from last Tuesday's price of 24.14. Since the price of JASO rose from last Tuesday and was confirmed by today's action, it remained bullish as compared to last Tuesday's bullish status. The short-term trend of JASO, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 25.00 and 25.03 Gathering Resistance stands between 27.00 and 27.03 (A close below 24.64 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 3 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: JASO has been operating on a Buy Signal since March 24th, 2008 when it established a Triple-Top Breakout at 16.50. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| SOLF |
ANALYSIS: The price of SOLF closed at 14.88 on Tuesday, up 0.08 from Monday and up 0.28 from last Tuesday's price of 14.60. Since the price of SOLF rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of SOLF, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 14.10 and 14.15 Gathering Resistance stands between 16.68 and 16.76 (A close below 15.29 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: SOLF has been operating on a Buy Signal since March 25th, 2008 when it established a Double-Top Breakout at 11.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| STP |
ANALYSIS: The price of STP closed at 49.18 on Tuesday, up 1.10 from Monday and up 4.08 from last Tuesday's price of 45.10. Since the price of STP rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of STP, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 28.19 (on the nose) Gathering Resistance stands between 52.62 and 52.71 (A close below 47.39 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: STP has been operating on a Buy Signal since April 22nd, 2008 when it established a Triple-Top Breakout at 50.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of XLF closed at 25.70 on Tuesday, down 0.36 from Monday and up 0.91 from last Tuesday's price of 24.79. Since the price of XLF rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of XLF, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 25.00 and 25.04 Gathering Resistance stands between 28.35 and 28.43 (A close below 25.46 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: XLF has been operating on a Sell Signal since March 6th, 2007 when it established a Triple-Top Breakout at 0.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of UYG closed at 31.20 on Tuesday, down 0.75 from Monday and up 2.14 from last Tuesday's price of 29.06. Since the price of UYG rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of UYG, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 29.76 and 29.85 Gathering Resistance stands between 34.20 and 34.30 (A close below 30.88 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: UYG has been operating on a Buy Signal since March 20th, 2008 when it established a Double-Top Breakout at 33.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of AIG closed at 45.27 on Tuesday, down 1.27 from Monday and up 1.16 from last Tuesday's price of 44.11. Since the price of AIG rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of AIG, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 44.00 and 44.08 Gathering Resistance does not exist. (A close below 45.47 on Wednesday reverses the short-term trend from up to down.) Slightly Oversold: 1 of 7 oversold indicators has triggered suggesting a slightly oversold condition in the short-term. Observations from the Point & Figure Chart: AIG has been operating on a Buy Signal since March 24th, 2008 when it established a Double-Top Breakout at 46.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of AXP closed at 43.97 on Tuesday, down 1.73 from Monday and up 0.82 from last Tuesday's price of 43.15. Since the price of AXP rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of AXP, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support does not exist Gathering Resistance stands at 48.00 (on the nose) (A close below 43.75 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: AXP has been operating on a Buy Signal since March 20th, 2008 when it established a Double-Top Breakout at 45.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of BAC closed at 37.00 on Tuesday, down 0.61 from Monday and up 1.42 from last Tuesday's price of 35.58. Since the price of BAC rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of BAC, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 35.27 and 35.34 Gathering Resistance stands between 37.78 and 37.91 (A close below 36.98 on Wednesday reverses the short-term trend from up to down.) Slightly Oversold: 1 of 7 oversold indicators has triggered suggesting a slightly oversold condition in the short-term. Observations from the Point & Figure Chart: BAC has been operating on a Sell Signal since December 31st, 2007 when it established a Triple-Bottom Breakdown at 40.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of C closed at 25.12 on Tuesday, up 0.09 from Monday and up 2.32 from last Tuesday's price of 22.80. Since the price of C rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of C, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 24.33 and 24.43 Gathering Resistance does not exist. (A close below 23.44 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: C has been operating on a Buy Signal since April 2nd, 2008 when it established a Double-Top Breakout at 25.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of COF closed at 46.38 on Tuesday, down 1.48 from Monday and up 0.41 from last Tuesday's price of 45.97. Since the price of COF rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of COF, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 44.76 and 44.84 Gathering Resistance stands between 48.62 and 48.65 (A close below 46.25 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: COF has been operating on a Sell Signal since March 28th, 2008 when it established a Double-Bottom Breakdown at 49.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of FNM closed at 27.13 on Tuesday, down 0.79 from Monday and up 1.18 from last Tuesday's price of 25.95. Since the price of FNM rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of FNM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 18.25 (on the nose) Gathering Resistance stands between 33.00 and 33.06 (A close below 27.78 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: FNM has been operating on a Sell Signal since April 14th, 2008 when it established a Double-Bottom Breakdown at 25.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of FRE closed at 25.59 on Tuesday, down 0.55 from Monday and up 1.64 from last Tuesday's price of 23.95. Since the price of FRE rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of FRE, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support does not exist Gathering Resistance stands between 41.29 and 41.34 (A close below 25.80 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: FRE has been operating on a Sell Signal since April 9th, 2008 when it established a Double-Bottom Breakdown at 25.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of GS closed at 179.76 on Tuesday, down 0.64 from Monday and up 15.56 from last Tuesday's price of 164.20. Since the price of GS rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of GS, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 161.51 and 161.68 Gathering Resistance stands between 182.45 and 183.03 (A close below 169.05 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: GS has been operating on a Buy Signal since April 18th, 2008 when it established a Triple-Top Breakout at 182.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| JPM |
ANALYSIS: The price of JPM closed at 45.65 on Tuesday, up 0.42 from Monday and up 3.53 from last Tuesday's price of 42.12. Since the price of JPM rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of JPM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 44.60 and 44.68 Gathering Resistance stands between 51.00 and 51.01 (A close below 44.96 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: JPM has been operating on a Sell Signal since March 6th, 2008 when it established a Triple-Bottom Breakdown at 37.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| LEH |
ANALYSIS: The price of LEH closed at 44.57 on Tuesday, down 0.53 from Monday and up 4.90 from last Tuesday's price of 39.67. Since the price of LEH rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of LEH, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 43.06 and 43.12 Gathering Resistance does not exist. (A close below 41.72 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: LEH has been operating on a Buy Signal since April 18th, 2008 when it established a Triple-Top Breakout at 47.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| MA |
ANALYSIS: The price of MA closed at 234.62 on Tuesday, down 1.38 from Monday and up 9.94 from last Tuesday's price of 224.68. Since the price of MA rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of MA, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 230.86 and 230.93 Gathering Resistance stands at 239.22 (on the nose) (A close below 230.47 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: MA has been operating on a Buy Signal since March 11th, 2008 when it established a Double-Top Breakout at 196.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| MER |
ANALYSIS: The price of MER closed at 46.50 on Tuesday, up 0.09 from Monday and up 3.16 from last Tuesday's price of 43.34. Since the price of MER rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of MER, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 42.00 and 42.06 Gathering Resistance stands at 47.00 (on the nose) (A close below 44.89 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: MER has been operating on a Sell Signal since April 14th, 2008 when it established a Double-Bottom Breakdown at 43.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| MS |
ANALYSIS: The price of MS closed at 47.19 on Tuesday, down 0.01 from Monday and up 3.67 from last Tuesday's price of 43.52. Since the price of MS rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of MS, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 44.00 and 44.09 Gathering Resistance does not exist. (A close below 45.42 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: MS has been operating on a Sell Signal since April 14th, 2008 when it established a Double-Bottom Breakdown at 43.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| WM |
ANALYSIS: The price of WM closed at 11.37 on Tuesday, down 0.06 from Monday and up 0.71 from last Tuesday's price of 10.66. Since the price of WM rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of WM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 10.25 and 10.30 Gathering Resistance stands between 12.50 and 12.54 (A close below 10.90 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: WM has been operating on a Buy Signal since March 24th, 2008 when it established a Triple-Top Breakout at 13.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of XLI closed at 37.58 on Tuesday, down 0.61 from Monday and up 0.96 from last Tuesday's price of 36.62. Since the price of XLI rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of XLI, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 37.13 and 37.20 Gathering Resistance stands between 38.19 and 38.38 (A close below 37.64 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: XLI has been operating on a Sell Signal since January 17th, 2008 when it established a Double-Bottom Breakdown at 35.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| BA |
ANALYSIS: The price of BA closed at 78.56 on Tuesday, down 0.53 from Monday and up 2.86 from last Tuesday's price of 75.70. Since the price of BA rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of BA, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 76.48 and 76.53 Gathering Resistance stands at 80.00 (on the nose) (A close below 76.67 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: BA has been operating on a Buy Signal since April 9th, 2008 when it established a Double-Top Breakout at 78.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| CAT |
ANALYSIS: The price of CAT closed at 82.01 on Tuesday, down 1.32 from Monday and up 6.41 from last Tuesday's price of 75.60. Since the price of CAT rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of CAT, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 77.93 and 77.94 Gathering Resistance stands between 84.16 and 84.22 (A close below 78.66 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: CAT has been operating on a Buy Signal since February 25th, 2008 when it established a Double-Top Breakout at 72.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| DE |
ANALYSIS: The price of DE closed at 91.90 on Tuesday, down 1.45 from Monday and up 5.68 from last Tuesday's price of 86.22. Since the price of DE rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of DE, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 85.70 and 85.84 Gathering Resistance stands between 94.89 and 95.00 (A close below 90.18 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: DE has been operating on a Buy Signal since April 4th, 2008 when it established a Triple-Top Breakout at 84.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| DRYS |
ANALYSIS: The price of DRYS closed at 82.99 on Tuesday, up 8.38 from Monday and up 12.67 from last Tuesday's price of 70.32. Since the price of DRYS rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of DRYS, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 70.43 and 70.52 Gathering Resistance does not exist. (A close below 74.64 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 1 of 7 overbought indicators has triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: DRYS has been operating on a Buy Signal since April 16th, 2008 when it established a Triple-Top Breakout at 73.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| DSX |
ANALYSIS: The price of DSX closed at 30.25 on Tuesday, up 0.68 from Monday and up 4.07 from last Tuesday's price of 26.18. Since the price of DSX rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of DSX, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 28.53 and 28.59 Gathering Resistance does not exist. (A close below 27.96 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 1 of 7 overbought indicators has triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: DSX has been operating on a Sell Signal since March 13th, 2008 when it established a Double-Bottom Breakdown at 25.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| FDX |
ANALYSIS: The price of FDX closed at 93.57 on Tuesday, down 1.88 from Monday and down 0.10 from last Tuesday's price of 93.67. Since the price of FDX fell from last Tuesday and was confirmed by today's action, it turned bearish as compared to last Tuesday's neutral status. The short-term trend of FDX, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance does not exist. Gathering Support stands between 92.00 and 92.15 (A close above 97.03 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: FDX has been operating on a Buy Signal since March 24th, 2008 when it established a Triple-Top Breakout at 89.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| GE |
ANALYSIS: The price of GE closed at 32.33 on Tuesday, down 0.13 from Monday and up 0.35 from last Tuesday's price of 31.98. Since the price of GE rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of GE, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 31.55 and 31.65 Gathering Resistance stands between 32.91 and 32.97 (A close below 32.23 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: GE has been operating on a Buy Signal since March 20th, 2008 when it established a Double-Top Breakout at 37.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| HON |
ANALYSIS: The price of HON closed at 59.39 on Tuesday, down 1.00 from Monday and up 2.92 from last Tuesday's price of 56.47. Since the price of HON rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of HON, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 57.61 and 57.70 Gathering Resistance stands between 61.25 and 61.31 (A close below 57.88 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: HON has been operating on a Buy Signal since April 18th, 2008 when it established a Double-Top Breakout at 60.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| NOC |
ANALYSIS: The price of NOC closed at 69.56 on Tuesday, down 1.52 from Monday and down 2.01 from last Tuesday's price of 71.57. Since the price of NOC fell from last Tuesday and was confirmed by today's action, it remained bearish as compared to last Tuesday's bearish status. The short-term trend of NOC, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 71.36 and 71.38 Gathering Support stands at 69.48 (on the nose) (A close above 71.10 on Wednesday reverses the short-term trend from down to up.) Slightly Oversold: 3 of 7 oversold indicators have triggered suggesting a slightly oversold condition in the short-term. Observations from the Point & Figure Chart: NOC has been operating on a Sell Signal since March 14th, 2008 when it established a Double-Bottom Breakdown at 78.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| MAS |
ANALYSIS: The price of MAS closed at 19.43 on Tuesday, down 0.48 from Monday and up 0.57 from last Tuesday's price of 18.86. Since the price of MAS rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of MAS, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 19.22 (on the nose) Gathering Resistance stands between 20.12 and 20.14 (A close below 19.82 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: MAS has been operating on a Sell Signal since July 26th, 2007 when it established a Double-Bottom Breakdown at 25.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| MMM |
ANALYSIS: The price of MMM closed at 81.18 on Tuesday, down 1.16 from Monday and up 2.34 from last Tuesday's price of 78.84. Since the price of MMM rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of MMM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 79.63 (on the nose) Gathering Resistance stands between 82.90 and 82.97 (A close below 80.69 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: MMM has been operating on a Buy Signal since March 18th, 2008 when it established a Double-Top Breakout at 80.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| UPS |
ANALYSIS: The price of UPS closed at 71.90 on Tuesday, down 0.62 from Monday and up 0.87 from last Tuesday's price of 71.03. Since the price of UPS rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of UPS, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 70.99 and 71.13 Gathering Resistance stands between 72.64 and 72.76 (A close below 72.79 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: UPS has been operating on a Buy Signal since April 1st, 2008 when it established a Triple-Top Breakout at 74.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| UTX |
ANALYSIS: The price of UTX closed at 71.44 on Tuesday, down 0.65 from Monday and up 0.60 from last Tuesday's price of 70.84. Since the price of UTX rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of UTX, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 70.44 and 70.55 Gathering Resistance stands between 72.40 and 72.51 (A close below 72.63 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: UTX has been operating on a Sell Signal since January 7th, 2008 when it established a Double-Bottom Breakdown at 74.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of AMGN closed at 42.10 on Tuesday, down 0.51 from Monday and down 1.26 from last Tuesday's price of 43.36. Since the price of AMGN fell from last Tuesday and was confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of AMGN, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 43.00 and 43.16 Gathering Support stands at 39.16 (on the nose) (A close above 43.41 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: AMGN has been operating on a Sell Signal since May 10th, 2007 when it established a Double-Bottom Breakdown at 60.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| CELG |
ANALYSIS: The price of CELG closed at 63.00 on Tuesday, down 1.07 from Monday and down 0.19 from last Tuesday's price of 63.19. Since the price of CELG fell from last Tuesday and was confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of CELG, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 64.39 and 64.45 Gathering Support stands between 62.10 and 62.20 (A close above 64.78 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: CELG has been operating on a Buy Signal since March 24th, 2008 when it established a Triple-Top Breakout at 59.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| DNA |
ANALYSIS: The price of DNA closed at 74.09 on Tuesday, up 2.18 from Monday and up 0.03 from last Tuesday's price of 74.06. Since the price of DNA rose from last Tuesday and was confirmed by today's action, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of DNA, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support does not exist Gathering Resistance stands at 76.00 (on the nose) (A close below 74.18 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: DNA has been operating on a Sell Signal since April 11th, 2008 when it established a Triple-Bottom Breakdown at 76.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| ESRX |
ANALYSIS: The price of ESRX closed at 69.58 on Tuesday, up 1.76 from Monday and up 4.91 from last Tuesday's price of 64.67. Since the price of ESRX rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of ESRX, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 65.82 and 65.90 Gathering Resistance stands at 73.00 (on the nose) (A close below 67.11 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: ESRX has been operating on a Buy Signal since March 19th, 2008 when it established a Double-Top Breakout at 64.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| IMCL |
ANALYSIS: The price of IMCL closed at 47.88 on Tuesday, down 0.58 from Monday and up 2.98 from last Tuesday's price of 44.90. Since the price of IMCL rose from last Tuesday but was not confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of IMCL, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 46.36 and 46.47 Gathering Resistance stands between 49.91 and 50.00 (A close below 45.51 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 2 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: IMCL has been operating on a Buy Signal since February 22nd, 2008 when it established a Double-Top Breakout at 42.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| JNJ |
ANALYSIS: The price of JNJ closed at 66.99 on Tuesday, up 0.67 from Monday and up 1.34 from last Tuesday's price of 65.65. Since the price of JNJ rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of JNJ, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 65.21 and 65.28 Gathering Resistance stands between 67.91 and 68.02 (A close below 65.70 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: JNJ has been operating on a Sell Signal since January 23rd, 2008 when it established a Double-Bottom Breakdown at 64.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| MRK |
ANALYSIS: The price of MRK closed at 38.51 on Tuesday, down 1.12 from Monday and down 2.71 from last Tuesday's price of 41.22. Since the price of MRK fell from last Tuesday and was confirmed by today's action, it turned bearish as compared to last Tuesday's neutral status. The short-term trend of MRK, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 40.29 and 40.33 Gathering Support stands at 36.82 (on the nose) (A close above 40.31 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: MRK has been operating on a Sell Signal since January 17th, 2008 when it established a Double-Bottom Breakdown at 56.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| OSIP |
ANALYSIS: The price of OSIP closed at 33.65 on Tuesday, down 1.01 from Monday and down 3.53 from last Tuesday's price of 37.18. Since the price of OSIP fell from last Tuesday and was confirmed by today's action, it turned bearish as compared to last Tuesday's neutral status. The short-term trend of OSIP, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 37.00 and 37.09 Gathering Support stands between 28.68 and 28.72 (A close above 38.09 on Wednesday reverses the short-term trend from down to up.) Slightly Oversold: 1 of 7 oversold indicators has triggered suggesting a slightly oversold condition in the short-term. Observations from the Point & Figure Chart: OSIP has been operating on a Sell Signal since January 3rd, 2008 when it established a Double-Bottom Breakdown at 45.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| PFE |
ANALYSIS: The price of PFE closed at 19.79 on Tuesday, down 0.41 from Monday and down 0.92 from last Tuesday's price of 20.71. Since the price of PFE fell from last Tuesday and was confirmed by today's action, it turned bearish as compared to last Tuesday's neutral status. The short-term trend of PFE, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 20.39 and 20.60 Gathering Support stands between 19.69 and 19.72 (A close above 21.10 on Wednesday reverses the short-term trend from down to up.) Slightly Oversold: 2 of 7 oversold indicators have triggered suggesting a slightly oversold condition in the short-term. Observations from the Point & Figure Chart: PFE has been operating on a Sell Signal since December 5th, 2006 when it established a Double-Bottom Breakdown at 0.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| ADM |
ANALYSIS: The price of ADM closed at 47.28 on Tuesday, down 0.90 from Monday and up 3.12 from last Tuesday's price of 44.16. Since the price of ADM rose from last Tuesday but was not confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of ADM, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 39.99 and 40.02 Gathering Resistance stands between 49.74 and 49.80 (A close below 45.20 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 1 of 7 overbought indicators has triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: ADM has been operating on a Buy Signal since April 21st, 2008 when it established a Double-Top Breakout at 48.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| COST |
ANALYSIS: The price of COST closed at 68.08 on Tuesday, down 1.03 from Monday and up 2.36 from last Tuesday's price of 65.72. Since the price of COST rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of COST, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands at 64.97 (on the nose) Gathering Resistance stands between 71.92 and 72.00 (A close below 67.24 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: COST has been operating on a Buy Signal since March 24th, 2008 when it established a Double-Top Breakout at 64.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| CVS |
ANALYSIS: The price of CVS closed at 39.88 on Tuesday, down 0.24 from Monday and up 0.15 from last Tuesday's price of 39.73. Since the price of CVS rose from last Tuesday, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of CVS, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 38.61 and 38.63 Gathering Resistance stands between 40.41 and 40.45 (A close below 40.09 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: CVS has been operating on a Buy Signal since April 24th, 2007 when it established a Double-Top Breakout at 36.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| HANS |
ANALYSIS: The price of HANS closed at 32.02 on Tuesday, down 1.07 from Monday and down 2.03 from last Tuesday's price of 34.05. Since the price of HANS fell from last Tuesday and was confirmed by today's action, it remained bearish as compared to last Tuesday's bearish status. The short-term trend of HANS, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 35.62 and 35.63 Gathering Support stands between 30.96 and 31.00 (A close above 32.85 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: HANS has been operating on a Sell Signal since March 17th, 2008 when it established a Double-Bottom Breakdown at 38.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| KO |
ANALYSIS: The price of KO closed at 59.89 on Tuesday, down 0.46 from Monday and down 1.05 from last Tuesday's price of 60.94. Since the price of KO fell from last Tuesday and was confirmed by today's action, it turned bearish as compared to last Tuesday's neutral status. The short-term trend of KO, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 60.70 and 60.72 Gathering Support stands between 59.64 and 59.65 (A close above 61.15 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: KO has been operating on a Buy Signal since September 19th, 2007 when it established a Double-Top Breakout at 56.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| MO |
ANALYSIS: The price of MO closed at 22.05 on Tuesday, down 0.11 from Monday and up 0.34 from last Tuesday's price of 21.71. Since the price of MO rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of MO, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 21.69 and 21.92 Gathering Resistance stands between 22.78 and 22.79 (A close below 21.67 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: MO has been operating on a Buy Signal since November 17th, 2006 when it established a Double-Top Breakout at 18.50. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| PG |
ANALYSIS: The price of PG closed at 67.47 on Tuesday, down 0.33 from Monday and down 2.36 from last Tuesday's price of 69.83. Since the price of PG fell from last Tuesday and was confirmed by today's action, it turned bearish as compared to last Tuesday's neutral status. The short-term trend of PG, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 68.20 and 68.24 Gathering Support stands at 66.86 (on the nose) (A close above 69.27 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: PG has been operating on a Sell Signal since January 18th, 2008 when it established a Double-Bottom Breakdown at 67.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| WAG |
ANALYSIS: The price of WAG closed at 35.27 on Tuesday, down 0.52 from Monday and down 0.35 from last Tuesday's price of 35.62. Since the price of WAG fell from last Tuesday and was confirmed by today's action, it turned bearish as compared to last Tuesday's neutral status. The short-term trend of WAG, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 35.96 and 36.07 Gathering Support stands between 34.70 and 34.76 (A close above 35.78 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: WAG has been operating on a Sell Signal since October 1st, 2007 when it established a Double-Bottom Breakdown at 43.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| WFMI |
ANALYSIS: The price of WFMI closed at 32.20 on Tuesday, down 0.64 from Monday and up 0.22 from last Tuesday's price of 31.98. Since the price of WFMI rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of WFMI, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 31.56 and 31.60 Gathering Resistance stands between 34.00 and 34.08 (A close below 32.43 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: WFMI has been operating on a Sell Signal since February 22nd, 2008 when it established a Double-Bottom Breakdown at 36.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
| WMT |
ANALYSIS: The price of WMT closed at 56.55 on Tuesday, up 0.17 from Monday and up 0.28 from last Tuesday's price of 56.27. Since the price of WMT rose from last Tuesday and was confirmed by today's action, it remained bullish as compared to last Tuesday's bullish status. The short-term trend of WMT, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 52.00 and 52.06 Gathering Resistance stands at 57.36 (on the nose) (A close below 57.07 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 2 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: WMT has been operating on a Buy Signal since December 4th, 2007 when it established a Double-Top Breakout at 48.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top | Support & Resistance Table (after 9:00PM) |
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ANALYSIS: The price of $COMPQ closed at 2,376.94 on Tuesday, down 31.10 from Monday and up 90.90 from last Tuesday's price of 2,286.04. Since the price of $COMPQ rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of $COMPQ, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 2,342.96 and 2,346.78 Gathering Resistance stands between 2,412.78 and 2,425.15 (A close below 2,350.11 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: $COMPQ has been operating on a Buy Signal since April 18th, 2008 when it established a Double-Top Breakout at 2370.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
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ANALYSIS: The price of $NDX closed at 1,881.65 on Tuesday, down 31.47 from Monday and up 86.92 from last Tuesday's price of 1,794.73. Since the price of $NDX rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of $NDX, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 1,790.00 and 1,790.30 Gathering Resistance stands between 1,915.75 and 1,920.00 (A close below 1,846.89 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: $NDX has been operating on a Buy Signal since April 18th, 2008 when it established a Double-Top Breakout at 1870.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
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ANALYSIS: The price of $SOX closed at 370.58 on Tuesday, down 12.50 from Monday and up 18.74 from last Tuesday's price of 351.84. Since the price of $SOX rose from last Tuesday, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of $SOX, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 354.00 and 354.36 Gathering Resistance does not exist. (A close below 371.02 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: $SOX has been operating on a Buy Signal since April 18th, 2008 when it established a Triple-Top Breakout at 376.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
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ANALYSIS: The price of $RUT closed at 703.71 on Tuesday, down 14.29 from Monday and up 11.65 from last Tuesday's price of 692.06. Since the price of $RUT rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of $RUT, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 694.00 and 694.70 Gathering Resistance stands between 723.86 and 725.00 (A close below 713.39 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: $RUT has been operating on a Buy Signal since March 19th, 2008 when it established a Triple-Top Breakout at 685.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
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ANALYSIS: The price of $INDU closed at 12,720.23 on Tuesday, down 104.79 from Monday and up 357.76 from last Tuesday's price of 12,362.47. Since the price of $INDU rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of $INDU, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 12,613.99 and 12,622.07 Gathering Resistance stands between 12,836.02 and 12,849.36 (A close below 12,619.27 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: $INDU has been operating on a Buy Signal since March 18th, 2008 when it established a Triple-Top Breakout at 12350.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
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ANALYSIS: The price of $SPX closed at 1,375.94 on Tuesday, down 12.23 from Monday and up 41.51 from last Tuesday's price of 1,334.43. Since the price of $SPX rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of $SPX, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 1,359.68 and 1,360.81 Gathering Resistance stands between 1,390.00 and 1,390.33 (A close below 1,364.71 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: $SPX has been operating on a Buy Signal since March 19th, 2008 when it established a Double-Top Breakout at 1340.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
| $VIX |
ANALYSIS: The price of $VIX closed at 20.87 on Tuesday, up 0.37 from Monday and down 1.91 from last Tuesday's price of 22.78. Since the price of $VIX fell from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of $VIX, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 22.03 and 22.13 Gathering Support stands between 19.20 and 19.21 (A close above 20.53 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: $VIX has been operating on a Sell Signal since March 24th, 2008 when it established a Double-Bottom Breakdown at 25.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
| $OEX |
ANALYSIS: The price of $OEX closed at 635.57 on Tuesday, down 4.57 from Monday and up 20.62 from last Tuesday's price of 614.95. Since the price of $OEX rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of $OEX, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 620.00 and 620.43 Gathering Resistance stands between 640.60 and 643.13 (A close below 627.39 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: $OEX has been operating on a Buy Signal since March 19th, 2008 when it established a Double-Top Breakout at 620.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
| $MID |
ANALYSIS: The price of $MID closed at 823.02 on Tuesday, down 12.04 from Monday and up 21.03 from last Tuesday's price of 801.99. Since the price of $MID rose from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of $MID, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 794.75 and 795.22 Gathering Resistance stands between 838.21 and 840.00 (A close below 825.19 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: $MID has been operating on a Buy Signal since March 19th, 2008 when it established a Triple-Top Breakout at 780.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
| $CRB |
ANALYSIS: The price of $CRB closed at 422.11 on Tuesday, up 6.51 from Monday and up 6.75 from last Tuesday's price of 415.36. Since the price of $CRB rose from last Tuesday and was confirmed by today's action, it remained bullish as compared to last Tuesday's bullish status. The short-term trend of $CRB, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 406.64 and 406.90 Gathering Resistance stands between 427.22 and 427.38 (A close below 418.76 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 1 of 7 overbought indicators has triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: $CRB has been operating on a Buy Signal since April 9th, 2008 when it established a Double-Top Breakout at 404.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
| $OSX |
ANALYSIS: The price of $OSX closed at 326.92 on Tuesday, down 4.53 from Monday and up 22.43 from last Tuesday's price of 304.49. Since the price of $OSX rose from last Tuesday but was not confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of $OSX, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 284.91 and 284.99 Gathering Resistance stands between 331.76 and 331.96 (A close below 312.75 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 3 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: $OSX has been operating on a Buy Signal since March 26th, 2008 when it established a Double-Top Breakout at 280.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
| $HUI |
ANALYSIS: The price of $HUI closed at 443.51 on Tuesday, down 4.67 from Monday and down 8.32 from last Tuesday's price of 451.83. Since the price of $HUI fell from last Tuesday and was confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of $HUI, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 463.00 and 463.17 Gathering Support stands between 429.97 and 430.09 (A close above 475.16 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: $HUI has been operating on a Sell Signal since April 21st, 2008 when it established a Double-Bottom Breakdown at 428.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
| $XAU |
ANALYSIS: The price of $XAU closed at 185.81 on Tuesday, down 0.55 from Monday and up 1.46 from last Tuesday's price of 184.35. Since the price of $XAU rose from last Tuesday but was not confirmed by today's action, it turned neutral as compared to last Tuesday's bullish status. The short-term trend of $XAU, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 183.91 and 183.95 Gathering Resistance stands at 209.27 (on the nose) (A close below 195.11 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: $XAU has been operating on a Buy Signal since April 7th, 2008 when it established a Double-Top Breakout at 186.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
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ANALYSIS: The price of $USD closed at 71.32 on Tuesday, down 0.30 from Monday and down 0.75 from last Tuesday's price of 72.08. Since the price of $USD fell from last Tuesday and was confirmed by today's action, it turned bearish as compared to last Tuesday's neutral status. The short-term trend of $USD, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 71.98 and 72.21 Gathering Support stands between 70.70 and 70.78 (A close above 71.38 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: $USD has been operating on a Sell Signal since April 20th, 2006 when it established a Double-Bottom Breakdown at 87.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
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ANALYSIS: The price of $XEU closed at 159.82 on Tuesday, up 0.62 from Monday and up 1.94 from last Tuesday's price of 157.88. Since the price of $XEU rose from last Tuesday and was confirmed by today's action, it turned bullish as compared to last Tuesday's neutral status. The short-term trend of $XEU, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 157.89 and 158.40 Gathering Resistance stands between 160.93 and 160.99 (A close below 159.50 on Wednesday reverses the short-term trend from up to down.) Slightly Overbought: 2 of 7 overbought indicators have triggered suggesting a slightly overbought condition in the short-term. Observations from the Point & Figure Chart: $XEU has been operating on a Buy Signal since December 30th, 1899 when it established a Double-Bottom Breakdown at 0.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
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ANALYSIS: The price of $XBP closed at 199.52 on Tuesday, up 1.42 from Monday and up 3.27 from last Tuesday's price of 196.25. Since the price of $XBP rose from last Tuesday and was confirmed by today's action, it turned neutral as compared to last Tuesday's bearish status. The short-term trend of $XBP, which is determined by its week-to-week direction, is up. The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support. Gathering Support stands between 197.89 and 198.78 Gathering Resistance stands between 200.51 and 200.87 (A close below 197.23 on Wednesday reverses the short-term trend from up to down.) Observations from the Point & Figure Chart: $XBP has been operating on a Buy Signal since August 4th, 2006 when it established a Double-Top Breakout at 190.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
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(Chart) |
ANALYSIS: The price of $XJY closed at 97.11 on Tuesday, up 0.21 from Monday and down 1.15 from last Tuesday's price of 98.26. Since the price of $XJY fell from last Tuesday but was not confirmed by today's action, it remained neutral as compared to last Tuesday's neutral status. The short-term trend of $XJY, which is determined by its week-to-week direction, is down. The best trading strategy in a down trend is to sell when prices rally to areas of Resistance, especially if prices rally to areas of Gathering Resistance. Gathering Resistance stands between 97.84 and 97.98 Gathering Support stands between 95.97 and 96.02 (A close above 98.17 on Wednesday reverses the short-term trend from down to up.) Observations from the Point & Figure Chart: $XJY has been operating on a Buy Signal since August 16th, 2007 when it established a Double-Top Breakout at 87.00. (Click here to review Point & Figure Chart Basics.) Go To: Overbought Oversold All Top |
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