This weekly chart of (IYT: 88.08 -0.54%), the ETF that tracks the Dow Jones Transports, looks very toppy. Specifically, the railroad tracks that have formed (Isn’t that what W. O’Neil called them?)  through April, May, and June show a great deal of churning and volatility, with little progress made.
I made the mistake of including the [...]

A proprietary screening system has identified 19 breakouts from a cup with handle pattern. 19 is the most breakouts this system has identified in one day since October 2006.
Here are some of my favorites from the screen.

(KSU: 46.96 +0.77%)

(NSC: 66.39 -0.33%)

(RKT: 39.68 +1.07%)

(SOHU: 67.96 +2.43%)

(MXI: 62.16 +0.29%) Odd that this ETF is breaking out…
I do [...]

Bulls are in quite a pickle here. On one hand, Energy has been one of the best performers of the year. On the other hand, how can Bulls get uber bullish when the high cost of fuel is stripping all expendable income from the consumer? I think Energy has to come in some here. My favorite [...]

Today, the CEOs of (AMZN: 79.19 +1.49%) and (CSCO: 22.26 -0.09%) reassured the markets with some bull puckey about reaffirming guidance for 2008.
Seriously. Look at these charts. What did you expect them to say?
 
“My company’s stock is in the crapper.”
“We are going to make 52 week lows.”
“Who buys books when they can’t afford toilet paper.”
“We [...]