Recession is about to hit Europe and will be long-lasting

Recession is about to hit Europe and will be long-lasting Euro Exchange Rate Technical AnalysisThe euro may be gaining a bit this morning, but on our charts (that show only one price taken at 5-6 am ET), the US dollar exchange rate corrective move up has resumed. Evidently...

Euro Technical Analysis - US Treasury Secretary demanding a blank check for $...

Technical Analysis - US Treasury Secretary demanding a blank check for $700 billion The euro exchange rate is resuming the upmove after only a two-day dip. Normally we expect three days (or more) and indicators were supporting the idea of a bigger dip-but fundamentals...

Technical Analysis Spotlight: General Motors Ticker Symbol GM

General Motors, the world’s largest automaker, is poised to stage a rebound after an inverted head-and-shoulders pattern appeared recently. Here’s why.An inverted head-and-shoulders pattern is bullish in the immediate term. Measuring the distance from the low of the...

Technical Analysis Spotlight: Comcast Ticker Symbol CMCSA

During the last six months Comcast has lost almost a third of its market capitalization. With its recent fourth quarter results, Comcast is a buy. Here’s why.There are two resistances as shown by the trend-lines in the chart below. On 2008-02-14 and 2008-02-15, prices...

Technical Analysis Spotlight: Microsoft Ticker Symbol MSFT

The world’s largest information technology company made an unsolicited offer of $44.6 billion for Yahoo just over a week ago. Since then Microsoft has lost over $37 billion on its market capitalization.More than 50% shares of Yahoo had changed hands...

Technical Analysis Spotlight: Dell Ticker Symbol DELL

The world’s largest PC-maker usually confounds its critics, skeptics and competitors. This is why Dell is a buy.The trend-line shown in the chart below clearly signals the support at current levels. Each time prices tested this support, Dell rebounded about 50% within six...

Technical Analysis Spotlight: American International Group Ticker Symbol AIG

In these dark and gloomy days of rampant bears, it is rare to find a buying opportunity, more so among financials. American International Group (NYSE ticker symbol AIG) may just be the odd man out. Here’s why. If you draw a trend-line joining the lows of 1998-10-08 and...