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Prudential Financial PRU Bull Flag Example

Financial stocks have been showing relative strength as of late during the recent market rally.  I wanted to call attention to Prudential Financial Securities (PRU) to show a classic example of a Bull Flag measured move example worth nothing. Prudential Financial (PRU) Daily Chart: Price formed a positive momentum divergence on the July 15th lows…

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The DELL Decline

Dell Inc (DELL) missed earnings last week and investors punished the stock by sending shares lower, breaking the daily uptrend and numerous levels of support.  Let’s take a quick look at the charts to see what we can learn from these developments. Dell Daily: Prior to the earnings announcement plunge, price had completed a “Three…

What a Difference a Day Makes: Gold, Oil, Dollar, NASDAQ

Wow!  Today’s price action was fascinating from a number of angles.  The US Equity Indexes surged higher at the open, only to give back all gains and more.  Oil, Gold and other commodities plunged sharply today, only to recover slightly by the close.  Bonds rose and yields fell.  Let’s take a quick chart glance at…

Holiday Links

Let’s take a quick look at some of the stories around the business blogosphere, courtesy Newsflashr’s Business Blog section. For an official link-fest, the Big Picture offers a “Labor Day Weekend Linkfest.” CXO’s Trading Calendar (trading day historical percentage change) for September (via Kirk Report’s Quick Links). From the “Winning Mental Edge” site, “Persistence (in…