Twitter Shares Surge After Upbeat Q2 Earnings Report

Shares of Twitter Inc. (NYSE: TWTR) rallied over 30 percent after second quarter earnings beat analyst expectations by a substantial margin. Twitter posted earnings of 2 cents a share, ex-items, versus a loss of 12 cents a share, ex-items, in the prior year. Analysts expected an earnings per share o

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Apple (AAPL) all Time Highs in View

On Monday Apple Inc. (NASDAQ: AAPL) rallied sharply, reaching a high of $99.24 on the day – flirting with the major psychological level of $100 and more importantly the split adjusted current all-time high of $100.70 that was reached in September of 2012. Looking at the daily chart we can see

Reversal Pattern Review: GIL, PEP, MXL, AGI, SLW

Looking at Friday’s daily chart I came up with the following reversal patterns. Shooting Star: GIL Gildan Activewear (NYSE: GIL) formed a shooting star after reaching a new 52 week high. Bearish Engulfing: PEP PepsiCo Inc. (NYSE: PEP) formed a bearish engulfing pattern, after reaching a new 5

Reversal Pattern Review

In the daily chart reversal pattern review I scan for the best instances of classic candlestick reversal patterns. Bullish Reversal Patterns Bullish Engulfing: CIMT, GFIG Bullish Harami: VXZ Three White Soldiers: CBOE Hammer: ATNY Bearish Reversal Patterns Bearish Engulfing: DTE Dark Cloud Cover:

BHP Billiton – a price war at the cost of their own employees?

BHP Billiton is the second biggest company in the S&P/ASX 200 Index, after only the Commonwealth Bank of Australia. The Australian mining giant is therefore one of the key companies in the Australian economy, and in many ways its successes (and failures) reflect those of the Australian economy

SEP ’14 British Pound ** Neutral Digestion **

- The MKT is in a sideways digestive position with a slight positive bias. - On the SELL side avoid DP BREAKOUT strategies but rather FADE a positive reaction against the DIR after a negative breakdown signal. UP and UT1 REVERSAL strategies are recommended over FADE strategies as “sloppy”

Is the DAX in for a record high or fast crash?

By Andreas Ruhlmann, who works on IG’s trading floor in London. After a rocky patch a few years ago, Germany appears to be a country very much in the ascendancy (both on and away from the football pitch). The DAX recently broke the psychological 10000

Chart of the Day: Shooting Star in Seagate Technology (STX)

Seagate Technology, the maker of data storage products, rallied to it’s highest levels since January on Tuesday, before reversing sharply. The price action on the daily chart created a textbook shooting star pattern – yesterday’s candle has a long wick, a close below the open and f

Sep ’14 Wheat ** Bear Trend Extreme **

- The MKT is extended and may need a sideways session or two before it can trade lower. On the SELL side DIR and DP BREAKOUT strategies are valid but will struggle, sustaining new move lows at this time. A more conservative strategy is to FADE the DIR after a DP failure, and even better, to wait f

USD/JPY Softens Amid Dovish Fed Minutes, Positive Japanese Data

The US Dollar lost ground against the Japanese Yen this week, as the greenback was pressured by falling US Treasury yields, upbeat economic data out of Japan and somewhat dovish FOMC minutes released on Wednesday. On Monday, the Japanese Ministry of Finance reported that Japan’s current accoun