LPSN - Live Person - Head and Shoulders - Short
Live Person - LPSN - has been creating a head and shoulders pattern. It this stock drops below the neckline, around $6.00, the head and shoulders pattern will be complete. The target for live person (LPSN) would be $3.00. This is calculated by subtracting the head ($9.00 during mid April) from the neckline ($6.00) which is [...]
Stock Market Summary - July 15 2010
The Dow Jones was down over 250 points or 2.5% and closed real close to the low of the day.
Long term DJIA direction: Down - The Dow Jones is still in the final formation stages of a head and shoulders stock pattern. The final confirmation of the pattern is if the Dow breaks below $96 [...]
Healthcare Sector Could Lead the Market Down
The Healthcare sector has lagged the market during the last 6 up days. This would indicate this sector could lead the market down if we take a pause here.
One way to play a healthcare sector drop is with an inverse ETF that covers the healthcare sector.
We would have to see the overall Market turn today [...]
Vix - Volatility Index - July 13 2010
The VIX closed up today and resisted the 200 day moving average. This would indicate that we may have a short term bottom and trend reversal back up.
Is the Dow Jones Industrial Average Head and Shoulders Chart Pattern Broken?
The Dow Jones had two resistance points to cross through to break the current head and shoulders patter that it is currently in (the above chart is of DIA which is 1/10 of the DJIA).
The first resistance was the 200 day moving average at 10,370. The next resistance is the right shoulder of the head [...]
Stock Market Summary - July 12 2010
The Dow Jones Industrial Average had a sideways day today waiting on earnings season to begin. Alcoa reported after the bell better than expected earnings. This may help the markets on Tuesday.
The Dow Jones is still within a Head and Shoulders stock chart pattern. The DJIA would have to close above the Right Shoulder of [...]
Leading and Lagging Industries
The leading industry in last weeks positive stock market move was the Financial Industry. The lagging industry was the Healthcare Industry.
If the market rises this week, financials could continue to lead. A down market could be led by the healthcare industry.
Stock Market Analysis - July 9
The Dow Jones Industrial average had a up week and a strong finish. The Dow Jones average is within a Head and Shoulders pattern and/or descending channel. Both of these patterns would suggest we still have downward prices in the near future.
The Heads and Shoulders stock pattern for the Dow Jones would suggest an 8,600 [...]
Head and Shoulders - Stock Chart Pattern
A head and shoulders stock chart pattern is typically defined as:
An initial peak (left Shoulder) preferrably with higher volume
A second higher peak (Head) preferrably with lower volume.
A third peak (right Shoulder) preferrably with lower volume.
The price must break through the neckline to complete the head and shoulders stock pattern.
Ascending, descending or flat neckline is drawn [...]
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