Author: Bruce Powers

What’s interesting about the current chart pattern in the iShares MSCI Hong Kong Index Fund ETF (EWH) is that a tight consolidation triangle pattern is forming right up against resistance of the downtrend line that identifies...

HOLDRS BioTech ETF (BBH) formed a very clear bearish Shooting Star Candlestick pattern last Thursday indicating a further correction is likely in the short term.  The Shooting Star in the BBH daily chart is particularly ominous...

Let’s begin by looking at a performance comparison chart of the SPDRs S&P 500 Trust Series ETF (SPY) with the ETFs discussed below. These ETFs are exhibiting stronger chart patterns than some of their peers.  iShares...

Let’s first take a look at the weekly chart of the US Natural Gas Fund EFT (UNG). Here we see that the angle of decent over more than two and a half years (from July 2008 high) has been rising, reflecting an overall slowdown...

The iShares MSCI Hong Kong Index Fund ETF (EWH) has formed a Head and Shoulders top formation on its daily chart indicating that further downside may be likely. Even though the pattern may not be perfect, extended and higher...

iShares MSCI Australia Index Fund ETF (EWA) has recently broken out of a bullish symmetrical triangle. This triangle is also the handle of a cup w/handle formation and at the high end of a 15 month basing period.  Last week EWA...

iShares MSCI All Peru Capped Index Fund (EPU) continued its decline last week on lower volume after seeing record volume the week prior. It closed the week at $45.92, only $0.05 shy of the low of the week, $45.87. The 21 period...