Monthly Archives: February 2015


Breakout for Novavax, Inc

Biotech Novavax Inc. getting some attention recently. What is getting my attention is that this chart is breaking out of a HUGE +8 year base. Check the monthly candle 10 year chart for nvax. The implied measured move is added to the horizontal breakout line. There was a breakout of the slanted trend line last month, but I […]


Cisco Heat!

Here goes Cisco on a new bullish adventure. HUGE  7 year base formation is currently breaking out of. Check the monthly candle 10 year chart. The arrows are the implied measured move added to the breakout line. Zoom in on the weekly candle 5 year chart and notice the price action noise around the breakout […]


Oil still on a slippery slope. 1

Here is the IPATH S&P GSCI CRUDE OIL monthly candle +6 year chart. Since the HUGE +6 year consolidation rectangle was broken in late 2014, the price action has been slipping along towards the implied measured move target at 7. The weekly candle 5 year chart show the rapid fall after the breakdown. A small consolidation is in progress. The […]


A peek at silver.

Peeking at xagusd, or silver expressed in usd. The monthly candle chart (+4 years) shows the price action for the past +3 years is in a descending channel. The weekly candle chart has nearby support and resistance identified. IF broken, the implied measured move is added to the breakout line. The 1 year daily candle chart shows some […]


Angie’s List going to heaven?

Nice +1 year falling wedge (reversal pattern) ongoing for angi. Check out the monthly candle chart below. The arrow is the implied move for a completed falling wedge classical chart pattern. The weekly candle chart shows the horizontal resistance line I’m watching for the confirmation breakout. Notice the bullish divergence with the RSI, that adds value […]


My dog named Russell. Fetch!

The ISHARES Russell 2000 ETF (ticker iwm) is ready to go fetch a higher price! Also a great example of longer and shorter term patterns that when resolved have coinciding price targets. Check the monthly candle 10 year chart. A HUGE +6 year base was broken out of back in early 2013. After trending nicely towards it’s […]


What is the next move for EURAUD?

Checking in on the Euro versus Aussie currency pair. Right now, seems to be in the middle of a consolidation pattern. Here is the 10 year monthly candle chart. Two scenarios possible. We can see on the weekly candle 5 year chart the levels I’m looking at for either bullish or bearish case. The arrows […]


Power in the Nasdaq 100!

QQQ has been on a rampage since those early 2009 lows. Check the monthly candle 10 year chart. A small 4 month consolidation pattern is being resolved. For a small pattern, we need to zoom in on the weekly candle chart (5 years) to get some more detail. Here is the price action on the […]


Monthly payment due for American Express.

Axp is currently carving out a +1 year top consolidation pattern on the monthly candle 10 year chart. I have the breakdown line at the 71 mark. The implied measured move is added to the breakdown line for a target of 46. The zoom in on the weekly candle 5 year chart shows the breakout […]


Growing pains soon over for Agrium?

Agu is approaching it’s breakout line of 115 (resistance) on the monthly candle 7 year chart. It’s also in the midst of a HUGE 6 year ascending channel. The implied measured move target would maybe (over time) coincide with the ascending channel’s upper boundary. The weekly candle 5 year chart shows the approach to the 115 mark. […]