Author Archive

• Chart.ly Chart of the Day MGM
  ldrogen, March 15th, 2010 at 8:05 am, Comments: 0

  Today on the Chart.ly Chart of the Day we take a look at $MGM with @gtotoy.  Is it finally time for the casino names to break out?  This large symmetrical triangle seems to be coming to a conclusion one way or another over the next few weeks.  A break through 12.50 and $MGM should launch, [...]

• Is Your Junk Running? Well Then You Better Go Chase It!
  ldrogen, March 13th, 2010 at 3:05 pm, Comments: 0

  An interesting chart posted by @VPgradient this weekend looking at the relative performance of junk stocks vs quality since the February 5th bottom.  I think the chart speaks for itself, take a look.

• Chart.ly Chart of the Day: Clorox CLX
  ldrogen, March 12th, 2010 at 9:20 am, Comments: 0

  Today on the Chart.ly Chart of the Day we take a look at Clorox $CLX with @OptionRadar.  Clorox is obviously not the sexiest stock out there, but with some takeover chatter swirling around this name, it could soon be in play.  This level has been a major area of resistance on the weekly time frame, [...]

• Chart.ly Chart of the Day: Wells Fargo WFC
  ldrogen, March 11th, 2010 at 9:20 am, Comments: 0

  Today on the Chart.ly Chart of the Day we take a look at Wells Fargo $WFC with @AllTrue88.  The financials are on a tear and $WFC has been along for the ride.  We’ve seen a nice breakout from the symmetrical triangle put in from October through March.  Look for some consolidation above the breakout level here, [...]

• Chart.ly Chart of the Day: EXXI
  ldrogen, March 10th, 2010 at 9:15 am, Comments: 0

  Today on the Chart.ly Chart of the Day we take a look at $EXXI with @royduffy.  The energy sector has joined the party and this stock has led the way with some great momentum.  We are seeing a back test of the breakout after this stock cleared the ascending triangle resistance line.  Look to step [...]

• Chart.ly Chart of the Day: Telestone Technologies TSTC
  ldrogen, March 9th, 2010 at 9:16 am, Comments: 0

  Today on the Chart.ly Chart of the Day we take a look at Telestone Technologies $TSTC with @jaykza.  Several chart.ly contributors hit the stream last night with this chart, but this view of the symmetrical triangle shows the energy that is building up in this pattern.  You can also look at this chart as a cup [...]

• Chart.ly Chart of the Day: Express Scripts ESRX
  ldrogen, March 8th, 2010 at 8:55 am, Comments: 0

  Today on the Chart.ly Chart of the Day we take a look at Express Scripts $ESRX with @akoptiontrader.  This stock has been one of the healthcare leaders off the bottom putting in a beautiful channel here on the daily chart.  As @akoptiontrader points out, price can sustain a move higher in the top 50% of [...]

• Chart.ly Chart of the Day: Jamba Juice JMBA
  ldrogen, March 5th, 2010 at 9:24 am, Comments: 0

  Today on the Chart.ly Chart of the Day we take a look at Jamba Juice $JMBA with @finclyde.  Jamba Juice broke a major downtrend line a few days ago on heavy volume.  The consolidation pattern seen since October was on very light volume, $JMBA got very quiet towards the apex of this symmetrical triangle.  A move [...]

• Chart.ly Chart of the Day: Goldman Sachs GS
  ldrogen, March 4th, 2010 at 9:17 am, Comments: 0

  Today on the Chart.ly Chart of the Day we take a look at Goldman Sachs $GS with @HCPG.  The entire market is waiting on Goldman to either make a move above that monster resistance level at 160 or break down out of what looks to be a classic bear flag.  Notice the high volume sell [...]

• Chart.ly Chart of the Day: Research in Motion RIMM
  ldrogen, March 3rd, 2010 at 9:27 am, Comments: 0

  Today on the Chart.ly Chart of the Day we take a look at Research in Motion $RIMM with @rafitax.  RIMM is back up to a major resistance level located around the 72$ level.  The rising trend line since March and decent relative strength over the past few months says that we may see a breakthrough [...]