As we can see in the chart, since early March, MMC –March and Mclennan Co. – is moving in an ascending channel between the blue lines that join the highs and the lows of the stock. In the last sessions price action shows higher volatility, an indication of uncertainty. In fact, as price uses its 20-day exponential moving average as resistance, only the last two sessions may indicate that the bulls may prove stronger in this ambivalent fight with the bears. Our momentum indica

After a period of uncertainty and hesitation in early June, see the blue boxes, the bulls took the initiative and decided to push CF – the CF Industries Holdings, Inc. – up. Since then, CF is moving mostly along the upper Bollinger Band, well above its 10- and 20-day exponential moving averages. MACD also depicts this bullish momentum as it moves above its signal line and in a positive territory. Finally, CF’s Relative Strength is also rising well above its 20-day exponential

Since the beginning of June, EL – Estee Lauder – has been moving in a strong bullish channel between its 10-day exponential moving average and the upper Bollinger Band. Apart from that, the 20- and the 50-day exponential moving averages are both rising and diverging from each other, another sign momentum is getting stronger in a strong bullish trend. Of course this bullish momentum is depicted in MACD, which is moving above its signal line in a positive territory. Just as imp

Since early June, XLB – the Materials Select Sector SPDR Fund - followed a strong bullish trend on its upper Bollinger Band. Following that, momentum weakened and price moved horizontally till it reached its 10-day exponential moving average – see the blue boxes. It’s positive that, as soon as XLB touched its 10-day exponential moving average the bulls reacted and they push price gradually higher. The bulls, though, will have to prove their determination is strong enough to p

As we can see in the chart, SPY – the SPDR S&P 500 ETF – is following a bullish channel between its 10-day exponential moving average and the upper Bollinger Band. The drop in the last three sessions, though, brought price just above its 10-day exponential moving average, which acts as a resistance line. The price action of the next few days will be crucial, as it will reveal the market participants’ intentions. Will the bulls prove stronger and the price will bounce up to re

As we can see in the blue box, since late April and for about a month, FB – Facebook, Inc. – followed a bearish trend. This downtrend has as an upper limit the stock’s descending 10-day exponential moving average. Since the beginning of June the trend has reversed and now the stock follows a bullish trend. This uptrend – in the green boxes - is characterized by rising candlesticks that have moved above the stock’s 10- 20- and 50-day exponential moving averages. In addition, t

Since early May, ADBE – the adobe Systems, Inc. – was trading in a range confined in the blue box, roughly between 265 and 285. Price moved horizontally within the upper and the lower Bollinger Band. Then the price behavior suddenly changed- see the orange box on the right. Price jumped up with two gaps and two very bullish candlesticks and it moved above the upper Bollinger Band, who started rising steeply. This momentum buildup is already evident in MACD that crossed over i

It’s interesting to follow ADI’s – Analog Devices, Inc. – reversal from downtrend to uptrend, through the blue box you can see in the chart. The first indication of the reversal was in late May, when price lost its bearish momentum, moved away from the lower Bollinger Band and eventually crossed over its 10-day exponential moving average. This reversal phase in marked in the brown box. At about the same time MACD turned up and crossed above its signal line. Then, in the seco

Since early March EWL – the iShares MSCI Switzerland Capped ETF – was following a rising channel, see the two orange lines that join the highs and the lows respectively. Then, at the beginning of June, EWL’s bullish momentum got even stronger and as a consequence price started moving between its 10-day exponential moving average and the upper Bollinger Band. By the way, as we can see in the blue box, both these lines are rising steeply. Another important factor to note is tha

Throughout May IGV – the iShares North American Tech-Software ETF – moved in a downtrend. The orange descending line we show in the chart joins the lower highs of this bearish trend. This trend started to reverse in early June. First of all, price broke above the orange resistance line and, just as important, above its 10- 20- and 50-day exponential moving averages. Price eventually broke above the lower blue resistance line at about 218 and has started moving between its ris