Bruce Kamich is TheStreet's in-house technical analyst with a 43 year career with a number of bulge bracket firms like Morgan Stanley, Smith Barney Harris Upham, and Merrill Lynch. Along the way he accumulated knowledge about the fundamentals of the commodity markets, interest rates, equities and ETFs.
In addition to writing for theStreet.com Kamich has been teaching technical analysis at Baruch College for the past twenty years.
Kamich was one of the earliest Chartered Market Technicians or CMTs, a professional designation similar to the CFA title. He has authored two books on charting and technical analysis - "How Technical Analysis Works" and "Chart Patterns." He is a two-time past president of the Market Technicians Association (now called the CMTA), the professional organization for chartists worldwide. He was also the president of the Market Technicians Association Educational Foundation (MTAEF.org).
A close back above $200 should be a sign to go long.
Charts and indicators suggests that further declines lie ahead.
FHN announced earlier this week it is merging with Iberia Bank.
The tech giant's shares already were bullish in advance of its results and should move higher after them.
DIS is more likely to trade higher in the days ahead.
MAR's charts and indicators are looking better and buyers may want to acquire a small position.
Traders and investors should consider tighter sell stops to lock in gains.
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