Instead of focusing on the technology sector this week, I decided to discuss the technical status of the stock market so that nervous investors and traders might gain a better idea of what to expect.
The technical picture for the stock market is still positive, as is my view for the economy.
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While the technical outlook for the stock market has improved dramatically, there is still some work to be done.
With CMG sitting on a year-to-date gain of about 55%, it seems like an understatement to call the stock a technical standout.
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What's more, this reading ranks below 75% of all those taken during the past year, hinting that optimism among speculative investors may be running near extreme levels despite the stock's technical woes.
In fact, we could see these bearish investors return to the security, emboldened by the stock's failure to overcome technical resistance.
Serious chart damage has occurred in the stock market recently and the stock index bears do have the solid near-term technical advantage.
This rising optimism among options traders amid the stock's technical troubles has bearish implications from a contrarian perspective.
From a technical perspective, the stock has already broken a trend line going back to October and has been consolidating since.
As the stock bounces from technical support, a rush to cover by these bears could push the pizza giant even higher on the charts.
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My detailed technical review of the stock market on Friday revealed that there were no signs yet that a top was in place.
As I discussed on Thursday in an in-depth technical review of the stock market, there are no signs yet that this anything more than a correction within the uptrend from the March 2009 lows.
Yes, not only are the potential for strong stock performance based on fundamentals and technical behavior the important key, but the history and direction of dividend payouts are equally crucial.
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With the knee-jerk earnings reaction played out, and technical support in place just below the stock, now may be a good time to enter a long position on NFLX.
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Most stock investors spend a lot of time using technical or fundamental analysis to pick the best stock, ETF, or fund to buy.
One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
Unlike IGT, MGM options players are far from accepting of the stock's poor technical performance.
Sentiment toward HRS has remained bearish despite the stock's strong technical performance during the past several months.
The stock showed a positive technical divergence to the market yesterday by holding above its recent pivot low, while the indices all broke down through recent ranges.
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Options players have picked up on this poor technical performance, as the stock's Schaeffer's SOIR of 1.03 ranks above 79% of all those taken during the past year.
For shares listed on the New York Stock Exchange and American Stock Exchange, only seven of the ten technical patterns had enough predictive power to be statistically significant.
The deterioration last week in some of the short-term technical studies like the McClellan Oscillator was consistent with a weakening stock market.
While many have praised Estonia's flat tax, at a recent start-up conference in the capital's technical university complaints were raised over the lack of arrangements for stock options, a favored tool for attracting talent.
After first looking at the monthly charts, I also review the weekly and daily technical outlook for each stock.
As I will show you later, there were clear technical signs at the time that the stock market was indeed bottoming.
There are many articles on the classic characteristics of double top formations and the 1948 technical analysis classic Technical Analysis of Stock Trends from Robert D.
The stock has recently benefitted from technical support at its 10-day and 20-day moving averages, with these trendlines sending S higher during the past seven trading days, despite a sell-off in the broader market.
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If the U.S. stock indexes push and close below very strong technical support levels at their August lows, then that would produce serious chart damage to the stock indexes and suggest more downside pressure for them in the near term.
Sentiment toward the economy has improved, and some of the Eurozone stock markets still have positive weekly technical patterns.
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