Some very interesting charts today, as I tried to select some important ones that have been highlighted in the news recently.
Remember, though, the real purpose of these charts is educational. Sure, they can be used to make money. But hopefully the concepts you learn from Chart ABC, timely or not, can be applied to Charts DEF and GHI to make you even more money in the future.
OK, 'nuff said. Let's get ready to rumble.
Technical Analysis: Join the discussion on
First up, a few readers wanted yet another look at that bond-yield chart. I'm happy to oblige, but is anyone getting just a wee bit tired of bonds, interest rates and supposed inflation news? I know I am.
. Darling to dud? Maybe not.
Regular readers know I'm a fan of
. Fundamentals aside, he's one heck of a trader. Has his time come and gone? Maybe more like come, gone and come again! Let's look at his
received many requests this week. Hmm, wonder why...
Astute reader Dakota Sullivan said she'd (or is it "he'd"? -- sorry, Dakota, tough to tell!) eat her hat if I charted
. Dakota, get out your fork.
Finally, a few readers requested a look at
. It's a good one to finish on because it shows a downward trend line break -- that so far has failed. Remember, these "breakouts" are not as reliable as breakouts from flat congestion, so keep that in mind when you trade them.
And so ends another week where the only team worth watching is the
. The Redskins?!
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes five technical analysis columns for TheStreet.com each week, including Technician's Take, Charted Territory and TSC Technical Forum. While he cannot provide investment advice or recommendations, he welcomes your feedback at