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Tarquin Coe's  Instablog

Tarquin Coe
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Senior Technical Analyst at "Investors Intelligence", purveyors of research since 1947. Well versed in virtually all Technical Analysis disciplines, from straight forward trend following to Elliott wave theory, with over a decade of experience. Analytical style is top-down, with... More
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Investors Intelligence
My blog:
The Coe Report
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  • CSX open shake's out weaker longs
    CSX Corp (NYSE:CSX), a constituent of the SPDR Industrial (NYSEARCA:XLI) ETF, briefly broke beneath the bottom of its five month range at the open. The failed downside break would have triggered a plethora of sell stops and in doing so, the market for CSX is healthier.
     
    The railroad operator is a sector outperformer, with a rising trend against the Industrial ETF.

    We rate CSX as a buy, using an end-of-day close beneath this morning's low ($23.79) as a cue to exit. A run back up to the top of the range is now expected. The share carries a yield of 1.9%.


     
    Jul 29 2:07 PM | Link | Comment!
  • Dow Chemical establishing a base at support
    Dow Chemical (NYSE:DOW) published results last Wednesday. They showed a 73% jump in profits for Q2, news which was well digested by the market.

     

    Short-term, the chart is establishing a base across support from its 200-day exponential moving average.

     

    The P&F chart maintains a primary uptrend and coupled to a 2.9% yield we view any near-term weakness as a buying opportunity.





     

    Tags: DOW, Materials
    Jul 29 9:16 AM | Link | Comment!
  • Chinese ADR reasserts outperformance
    Ctrip.com (NASDAQ:CTRP), a Chinese ADR, is attempting to reassert its primary uptrend following a sideways consolidation for the past six months.
     
    Momentum conditions are not overbought and a break above resistance at $50 is expected over the next few weeks. Beyond that, it should run up to the 2010 high of $54.25, also the all-time high.
     
    The point and figure relative chart is also firming, reasserting its uptrend relative to the S&P 500.
     
    We view the Chinese online travel services provider as a buy. Bullish view negated on a break beneath $36.





     
    Tags: CTRP
    Jul 27 12:56 PM | Link | Comment!
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