Charts - What Else?

The Dow was up a whopping .07% today, so it wasn't exactly a barnburner of a day on the market. But there's always a few charts to look at, right?

Anderson (ANDE), one of the few bullish charts I've been posting lately, continues to inch toward its potential breakout point (the horizontal line I've drawn).


I'm seeing a lot of big oil stocks shaping up as potential shorts; BHI looks particularly good.


EMC has been in a trading range for literally years. It seems to be at the upper end of it. This makes for a relatively low-risk bearish play.


I've been mentioning SHLD for quite a while, but I've got to hand it to the bulls, this has pushed above resistance. It's a really sharp looking cup with handle pattern. The big bursts of volume have definitely been dying down (see trendline on the volume chart), but that isn't particularly significant.


I was (very profitably) short the NZD/USD, and now I'm in a contratrend position - - I'm long for the moment, but definitely not for the long haul. Nothing ever goes straight down, and this fell so quickly and sharply I am looking for a very modest rise before re-entering the short.


I have no position on NutriSystem (NTRI), but I'm presenting this graph simply as a suggestion that it might be OK for a short-term bullish play. It may recover back to its neckline (where it fell to pieces in a matter of 3 days). This is a relatively high risk trade, however. Plenty of stocks that are "broken" like this really never recover.


I don't know what MSFT is doing (although my puts on it happily rose). Maybe Vista is getting a "so what?" from enough places that expectations are dying down. I, for one, have no reason to upgrade.


Google (GOOG) keeps heading lower. The problem with puts on this (which I own) is that there is so much volatility built into them that even after losing 30 points, the puts are only up a little.