Clive Corcoran

Corcoran Technical Trading Patterns For February 8
The risk for US equities at this point is that the severe correction that has taken place since the second half of January will now lead to a pattern that is likely to be a bearish pullback or flag formation on subdued volume.

Corcoran Technical Trading Patterns For February 5
Goldman Sachs (GS) is a useful barometer stock and it will provide signals as to sentiment regarding the global financial economy.

Corcoran Technical Trading Patterns For February 3
The price congestion at the 610 level on the chart for the Russell 2000 (RUT) suggests that there is a likelihood of another leg down to the 585 level in the intermediate term.

Corcoran Technical Trading Patterns For February 2
The intraday chart for the S&P 500 proxy SPY illustrates how useful the Ichimoku cloud formation can be in anticipating points of resistance.

Corcoran Technical Trading Patterns For February 1
The chart for the exchange traded fund EEM indicates that a correction is under way for the emerging markets.

Corcoran Technical Trading Patterns For January 29
There is evidence on individual stock chart patterns that traders are looking for moves back to resistance as entry opportunities on the short side.

Corcoran Technical Trading Patterns For January 28
Asian markets managed to get a bounce overnight which has been attributed to the fact that President Obama didn’t continue his bank-bashing theme in his state of the union address.

Corcoran Technical Trading Patterns For January 26
The indicators on the chart for the Nasdaq Composite (NDX) are not always reliable, but notice should be taken of them, especially when an index or security is at a multi-period high.

Corcoran Technical Trading Patterns For January 25
The chart for JP Morgan Chase (JPM) looks decidedly negative and suggests that a lot of institutions want out of this sector.

Corcoran Technical Trading Patterns For January 22
One by-product of President Obama's declaration to end the cozy relationship between the US government and Goldman Sachs is that there could be investors who find the safety of US Treasury bonds more appealing than the risk assets which have been propped up since March 2009 by liquidity provisioning.