Monthly Archives: August 2015


Tire change for Canadian Tire?

Canadian Tire (CTC:TSE) is currently tracing out a top OR a continuation pattern. I’m ready for both scenarios. Check out the monthly candle chart. A monthly candle close under 215 gives a target at 185. A monthly candle close above 245 gives a target at 275. Check out the monthly candle chart. The 5 year […]


Dos cervezas, por favor!

iShares MSCI Mexico Investable Mkt Idx (EWW:ARCA) has tested it’s +5 year HUGE top formation breakdown line this month. A monthly close below 50 would give a measured move to a 27.50 target, bringing the price action back to early 2009 levels. Check out the monthly candle chart. Here I the weekly 5 year candle chart. Some […]


Getting SPDR S&P Retail at discount?

Trenches are being drawn for SPDR S&P Retail (XRT:NSYE). The price action is morphing and tracing out a new possible top pattern. Check out the monthly candle chart.  I have the breakdown line at 80.  monthly close below that and I have an implied measured move added to that breakdown line giving a 60 target. This case is […]


Getting cold in Sweden!

iShares MSCI Sweden Index (EWD:ARCA) is getting testing it’s support line of the top formation carved out. A monthly candle close below 30 gives a target of 24.50. Here is the monthly candle chart. The 5 year weekly candle chart show some noise removed with a close boe the breakdown line. Check this previous post on […]


Will Cato Corp replay flash breakdown?

Cato Corp (CATO:NYSE) this month flash broke down close to previous support at 23. This has helped morph the chart and give a new possible top formation. Breakdown line now established at 32.50. A monthly candle close below that and we have the 23 target back in the cards. Check out the monthly candle chart […]


Last twit for Twitter!

Breakdown in progress for Twitter (TWTR:NYE). A monthly candle close below 32.50 will give the next measured move applied to the breakdown line for a 15 target. Check the monthly candle chart below. Here is the weekly candle chart. Clearer view of the classical chart pattern formation known as the rectangle (continuation). A final zoom […]


Seeing the future with Oracle.

Oracle (ORCL:NYSE) is breaking down on the monthly candle chart. A monthly candle close below 38 will give a target of 31. The weekly candle chart show more of the same. Watch out for support around the 36 area. Zoom in on the 1 year daily candle chart. A little more detail on that possible […]


Bigger and better descending channel for GM.

General Motors Company (GM:NYSE) is testing the lower boundaries of it’s morphed descending channel. Check this previous post I wrote Feb 11. GM never had a monthly candle close above 38. Now we are back below the breakdown line of 31.50. Check out the monthly candle chart. Here is the weekly candle chart. Some support around […]


Is it the end of line for Canadian Pacific Railway Limited?

Canadian Pacific Railway Limited (CP:NYSE) has been brought to my attention by a user request. Check out the monthly candle chart. Notice the HUGE +6 year base yielded an 8 months held position to implied target. That required patience! Now we are closest to a bearish scenario. A monthly candle close below 150 would give a […]


Weak link for LinkedIn?

LinkedIn (LNKD:NYSE) is testing it’s ascending trend line (support) at 190. A break below it would bring forth a possible test of the more important horizontal support line of the +2 year top formation at 150.  After a failed breakout in Feb 2015, the chart has morphed into a new pattern. The bullish scenario is no longer […]