Written by Taurus on October 8, 2009

Here's a stock technical analysis on GOOG (Google Inc.), the technology company that needs no further introduction. [caption id="attachment_1267" align="aligncenter" width="600" caption="Stock Technical Analysis: GOOG"][/caption] While many stocks have fallen due to the recent stock market correction, GOOG has proven to be pretty resilient and managed to break out of a bull flag just 2 days ...

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Stock Technical Analysis: Go Go GOOGLE!

Written by Taurus on September 17, 2009

Here is a stock technical analysis of IBKR (Interactive Brokers Group) in response to a request! :) IBKR operates as an automated global electronic market maker and broker. After forming a double bottom in March 2009, stock prices have been trending upwards within a channel, leading to the formation of a bull flag in Aug 2009.  The breakout from the bull flag occurred 4 days ago, and was acco...

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Stock Technical Analysis: IBKR Breaks Out of Bull Flag, Approaches Resistance

Written by Taurus on September 17, 2009

The UltraShort Dow30 ProShares (DXD) is an ETF that seeks daily investment results corresponding to twice the inverse of the daily performance of the Dow Jones Industrial Average index. Technical analysis of the DXD daily chart shows an unbroken downtrend since the ETF hit a historical high of $111.09 back in Oct 08. The hourly chart below shows a similar, downward pattern, but it also reveals...

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ETF Market Trend: DXD is Still on a Downtrend

Written by Sidney on August 28, 2009

Stocks of Citigroup (C) have been moving up silently behind the headlines for much of August, amidst news of how more and more banks are being shut across the nation.  The number of bank failures this year now stands at 84 amid the poor economy and rising loan defaults. So how safe, really, is Citigroup? From a fundamentals perspective, it is interesting to note that Citigroup has been list...

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Stock Technical Analysis:  ALERT - Citigroup Silently Moving Up Behind the Headlines

Written by Sidney on August 25, 2009

Stocks of Medco Health Solutions (MHS) closed at its all-time high of $56.17 yesterday and continued to move higher in early trade today.  Technical analysis of the stock price showed that it broke out of its channel in late Jul 2009.  Subsequently, the former Channel-Line then acted as a good support level when the price corrected in early Aug.  The stock price has been moving higher ever sinc...

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Stock Technical Analysis:  Do Not Miss This Good Opportunity

Written by Sidney on August 5, 2009

While doing my market research today (Aug 5) using Investor’s Business Daily (IBD), I noted 2 interesting stocks that reached their all time highs, and decided to add them to my watchlist.  IBD offers very detailed stock analysis, and you can get a special offer from my blog. WMS Industries (WMS) On Aug 4, WMS Industries (WMS) stock surged 12% to an all time high of $41.34, at 3 time...

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Stock Technical Analysis: Stocks That Reached All Time Highs

Written by Sidney on July 28, 2009

Shares of Goldman Sachs (GS) have enjoyed a powerful run up since its Nov 2008 lows, rising over 3 folds as of today.  Part of this run up is due to its recent Q2 earnings announcement on 14 Jul 2009 that blew past analyst expectations, giving the stock the momentum to push past its June consolidation.  GS is fundamentally a very strong stock.  I won’t go into details about its fundamentals, ...

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Stock Technical Analysis: Goldman is a HOLD For Now