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Technical Analysis Related News
 in chronological order

 See also: Technical Analysis Related Books, Technical Analysis Related Scholarly Papers, or Technical Analysis Home Page.

Table of Contents:
 

Government Meddling Throws Off Technical Analysis
September 22, 2006
From Seeking Alpha:
 Back in May I wrote : Weak Financial Stocks May Not Hold Support Again which turned out to be right on the money.

A bit later in June I wrote that banks where broken:

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Technical Analysis: Momentum Turns Back Down
September 22, 2006
From InternetNews.com:
 Despite some potential bottoming signs last week, we find ourselves right back in the middle of heavy selling pressure. About the only good news is that volume declined today and we didn't get another 90% downside day.

We should also note that Lowry Research — which pioneered the study of stock market bottoms — has crunched the numbers and is calling last Thursday a 90% upside day, meaning the market gave a bottom signal that day.

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Weekly Technical Analysis: Bear phase to continue
June 29, 2006
From Business Standard:
 The onslaught by the bears continued for yet another week as the benchmark BSE index, the Sensex, ended in the red for the sixth successive week. The index shed 5.3 per cent (769 points) to 13,802 last week. The index has now shed a whopping 21 per cent (3,633 points) in last six weeks.

The sentiment remained bearish owing to RBI's rate hike move, political uncertainties, record inflation and crude oil, which hit $142 per barrel on Friday. The technicals, too, point to a further decline as the indices were not able to clear their short-term averages during the bounce back.

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Value in Technical Analysis Depends on Timeframe
June 26, 2006
From Seeking Alpha:
 The issue of whether to rely primarily on fundamental or technical analysis is one that each investor has to struggle with, usually a number of times over the course of his or her investing lifetime.

While the relative merits of the two approaches will appeal to different types of investors, I find it hard to believe that the high court of investment strategy will ever rule in favor of one approach at the expense of the other.

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Avoid the Mistake That Cost Buffett 8 Years of Better Returns
June 16, 2006
From The Motley Fool:
 There's one investment strategy you won't read much about on Fool.com, even though many have tried it. In fact, Warren Buffett spent eight years working with it before discarding it as worthless.

What investment strategy is that? Technical analysis.

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Some quant managers see market turning favorable
June 16, 2006
From InvestmentNews:
 Quantitative market analysts are signaling a bullish stretch for equity markets, but some warn that the ride over the next several months could get bumpy.

"Market rallies don't always feel like rallies when you're in them," said Craig Callahan, president of Icon Advisers Inc. in Greenwood Village, Colo.

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Technical Analysis: Bulls Back in Charge
March 24, 2006
From InternetNews.com:
 For the first time in a long time, stock market bulls have seized control here, but they face a number of major tests just ahead.

Perhaps the most important is 12,743 on the Dow (first chart below). The Transports (second chart) cleared their February high today, so a Dow close above the same level is all that's needed to reverse November's Dow Theory sell signal. 12,300-12,400 should be strong support on the Dow.

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Chartology: Understanding Technical Analysis
March 21, 2006
From CNBC:
 Market technicians typically evaluate patterns in the stock market. What are the pro’s seeing in the charts?

Oppenheimer Chief Market Technician Carter Worth joins the panel for this conversation. He believes that after a great run most stocks act in a certain way when they’re topping-off. The same is true after a sell-off. In other words they all bottom the same way, adds Worth.

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Technical Analysis of Choppy Markets
March 12, 2006
From Minyanville:
 Everyone is a technician these days and the charts below have been discussed quite frequently. However, technical analysis does provide a helpful road map that can offer context and clarity, both of which are critical in a choppy, sloppy and emotion-filled tape, so let’s take a step back and review some basics.

A look at the S&P 500 Index (SPX) suggests extreme caution is warranted here. I’ve outlined the two-headed monster (a double head and shoulders pattern). Also evident is a base on top of a base and the stochastic divergence back at the peaks. If we take the distance between the top (~1,570) and the neckline (~1,370), the chart implies a break could take us back toward the 1,170 level. That’s not to say that’s where the market gets to or stops at - it’s simply an area of initial support implied by the charts.

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Technical Analysis: Fed Gets It Right
March 11, 2006
From InternetNews.com:
 The stock market remains the best leading economic indicator, and today's action suggests that the Federal Reserve may finally have solved the credit crunch.

Today's 90% upside volume day, following right on the heels of yesterday's 90% downside day and low-volume retest of the January lows, suggests that we may finally have a bottom of some import here. Time will tell if the major indexes can take out the major resistance that lies ahead, but the preliminary verdict is a positive one.

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Technical Analysis: Can Stocks Pass the Retest?
March 6, 2006
From InternetNews.com:
 Stocks are approaching their January lows here; can they hold on this retest? Sentiment is in the bulls' favor, as we've stated ad nauseum, but so far that's done little to create higher prices.

Today's spike in the CBOE equity put-call ratio (first chart below) was the biggest in 3 1/2 years, the latest evidence that investors are plenty scared.

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The Art of Technical Analysis
March 5, 2006
From Minyanville:
 There is a fine line between absolute predictions and anticipation. It is this fine line, when crossed, that I believe gives technical analysis a bad rap. Technical analysis is an art form, not a science, and regardless of what anyone says, it will never give you a finite look into the future, merely a glimpse so that you can allocate accordingly in anticipation of what you may think is coming.

Allocating in anticipation is truly the "art" in "chart" but moving into finite predictions can become very dangerous.

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Waving or drowning? If Elliot was right, sinking markets are doing both
February 11, 2006
From The Scotsman:
 FIRST, a health warning: For those of a nervous disposition, look away now. As stock markets have tumbled in recent weeks, brokers and fund managers will have been asked: how far will the slide go?

Many think we are now close to a bottom, with the yield on the FTSE All-Share Index now at 3.4 per cent (a yield above 3.2 per cent having historically been a "buy" signal). But recession fears are adding to the market's sense of unease. The market may be heading sharply lower. Some predict a truly catastrophic fall.

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Technical Analysis: Downside Momentum Wanes
February 8, 2006
From InternetNews.com:
 By almost any measure, the stock market has lost its downside momentum here. For starters, new lows on the NYSE remain below 100; at their bottom three weeks ago, there were more than 1,000. The S&P 500 is only 1.6% above last month's closing low of 1310, yet the number of stocks making new 52-week lows has fallen by more than 90% during that time. The advance-decline line (first chart below) also is holding well above its lows here.

Sentiment also largely favors the bulls, particularly when you look at where money is being put to work. Commercial futures traders are getting long the big S&P contract while small investors are cautious if not short. And the 20-day average of the ISEE options index fell to 97 earlier this week, its lowest level since October 2002, when it hit 95.

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Chart reading becoming financial fixture
January 28, 2006
From Bradenton.com:
 I remember poking around the stocks and financial advice section of a bookstore a while back and picking up a hefty tome on "technical analysis."

Inside were pages and pages of squiggly-lined patterns matched up with esoteric descriptions like "Doji," "hanging man," "spinning top," and "cup with handle."

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New alliance ‘will ruffle feathers’
January 27, 2006
From Daily Dispatch Online:
 SOUTH African financial derivatives specialist Global Trader and global wealth manager Merrill Lynch announced yesterday that they were entering into a strategic alliance to roll out a sophisticated screening, charting and technical analysis platform.

Deputy chief executive of Global Trader in SA, Charles Savage, said the deal ushered in a change of strategy for the company, as they intended to expand into broader areas which included taking on local brokers in their own space.

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London's top technical analyst reveals his finance secrets
January 21, 2006
From AME Info:
 Brian Marber is arguably the world's leading technical analyst, and certainly one of the oldest practitioners of this art. His newly published book, 'Marber on Markets' recalls how he once came to the UAE to lecture the Abu Dhabi Investment Authority on his secrets. In a career that began in 1963 he can also boast first-hand knowledge of bull and bear markets.

The result is a fascinating combination of the personal memoirs of a man who worked for the Rothchilds and was voted number one technical analyst in the City for six successive years in 1976-81, a unique record. However, his quirky and original style did not always fit City culture and he was sacked from Rothchilds.

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Technical Analysis: It's A Bear's Market
January 17, 2006
From InternetNews.com:
 The S&P 500 (first chart below) says it all today, as the index broke down out of a 15-month trading range. That's bad news for the bulls — and opens up the possibility of a move as low as 1170, the 200-point range break projected to the downside.

First, though, the index has to get through what should be very strong support at 1327 and 1280-1290. To the upside, the mission for the bulls is simple: get back above 1370 and back into that trading range.

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The Winning Sectors for 2008
December 26, 2006
From Barron's Online:
 FROM A TECHNICAL ANALYSIS POINT of view, the bright lights for 2007 were clearly China, commodities, and heavy industry, with the latter two also stemming from overall Chinese strength.

Any portfolio heavily invested in these areas could have achieved more than 10 times the gain seen in the benchmark Standard & Poor's 500, which is up just under 6% for the year with only a few days to go.

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Chartology: Understanding Technical Analysis
December 24, 2006
From CNBC:
 Market technicians typically evaluate patterns in the stock market. What are the pro’s seeing in the charts?

Oppenheimer Chief Market Technician Carter Worth joins the panel for this conversation. He believes that after a great run most stocks act in a certain way when they’re topping-off. The same is true after a sell-off. In other words they all bottom the same way, adds Worth.

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Dissecting the Double Bottom
December 12, 2006
From Minyanville:
 Technical Analysis is often misunderstood and commonly viewed as a feeble attempt to game the market by studying pictures. For those that don't understand the art, it can be easily passed off as something that simply becomes a self-fulfilling prophecy due to those who follow its principals. Individuals should know that technical analysis is simply a graphic form of human emotion. As we stroll through the streets of TA-ville, there is a powerful pattern all should understand that may actually be emerging at this very moment within the S&P 500. Unfortunately we won't know until it is complete and in the rear view mirror, however understanding its potential may help an investor remain open minded and flexible. It is the basic, yet powerful double bottom.

The image below shows the S&P 500 for the past six months, each letter on the chart marks an entry or exit point by various groups of investors as I have laid out below.

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Technical analysis could foresee property falls
December 5, 2006
From Telegraph.co.uk:
 Let's make the assumption that you are not like most investors, that you do not simply rely on what Bill at the golf club passed on to you from Bob who knows someone who's something in the City. Let's assume instead that you approach investment with a modicum of rationality. How do you decide what to buy?

I'd be prepared to bet that you rely on what you take to be the "fundamentals". You make a judgment about a company's prospects, in the light of the wider economic background, assess its management's competence and honesty and then decide whether its prospects are sensibly reflected in its share price.

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Technical Analysis: S&P Runs Into Resistance
November 14, 2006
From InternetNews.com:
 The S&P 500 (first chart below) found support seven times in the 1490-1500 zone before breaking down a week ago, so it's not surprising that that level stopped the rally today, as the "get me out, I'm back to even" impulse is strong at such levels. A sharp pullback is common after 90% upside days like we had yesterday, but the benefit of the doubt goes to the bulls for now. Resistance starts at 1492.53 and runs to 1500 (with the 200-day average at 1484 up first), and 1458-1461 is ideal support, the top of yesterday's initial move up. 1466 was today's low.

The Nasdaq (second chart) has been on one wild ride. 2613, yesterday's gap open, is important support, and 2700-2720 is resistance.

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Are Energy Stocks Out of Energy?
November 12, 2006
From Barron's Online:
 THE AMAZING RUN IN THE ENERGY SECTOR has hit a ceiling. While the much-ballyhooed $100 per barrel price for oil is very near, it looks as if it is going to have to wait just a while as the market shakes out some of its excesses.

In the stock market, crude oil's two and a half dollar drop this morning has caused many technical warnings to come to fruition. For example, the widely followed -- and traded -- the Energy Select Sector SPDR ETF has broken down from its recent trading range (see Chart 1).

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Free technical analysis workshops
November 7, 2006
From The Star Online:
 The Star Online and charting software developer ChartNexus Sdn Bhd (CNXSB) have lined up more financial seminars this month for readers.

The free seminars will be on Building Trading Strategies with Technical Analysis, and will cover a wire range of technical analysis topics, including Japanese candlesticks, technical indicators, and Fibonacci retracements.

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The "Child's Guide to Technical Analysis" Looks at Silver...
November 5, 2006
From The Market Oracle:
 If you have ever wanted your child to study Technical Analysis so that they can become a millionaire like you, instead of maybe ending up living off you for half their lives and bringing their washing home etc, but have not summoned up the courage to attempt to introduce the subject to them, because of fears of their eyes glazing over when confronted with lots of squiggly lines and a barrage of esoteric indicators, now is your chance because even a 7-year old can grasp what we are going to look at in this article today.

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