The markets closed mixed on late session weakness. The NASDAQ ended the day in the green on SOX strength, but for the most part today's trade was choppy. Strength was mainly attributed to...

Last night we said that yesterday's downgrade resulted in a mini capitulation for RIMM. Today, the stock was bid up sharply on an oversold technical bounce. I started scaling in as price crossed the base, and added to the position as price broke its...

I get an extra boost of confidence when a stock that I have recently read about (from technical trading blogs that I follow) hits my RT scanners. Often these stocks are already on my watchlist. Such was the case today with RIMM (Jamie's post here...

The 60 minute timeframe of the SPY above, shows that we started to bounce off of the $103.00 base (blue box) of the October lows. We also see some positive divergence of the MACD and RSI to lower prices. This usually foreshadows a bounce. The price...

The consecutive monthly win streak, as measured by higher monthly closes, has come to an end at month 8 for both the S&P and the NASDAQ. The DOW stalled in month 4 (June). From the weekly chart we note that the correction is occurring on higher...

Sellers are in control, however, we should get some sort of bounce, likely a dead cat bounce, as prices test support at these very oversold levels. Transports are a good leading indicator, so keep an eye on the chart. Judging by how the transports...