Apple Looks Like a Long-Term Winner

I'd look for some profit-taking near here, but the stock looks healthy for a continued run higher. Read More

Mueller Water Is Gushing Higher

This small-cap water play looks poised to break to new highs after finding support near $7.25. Read More

This Cloud Play Is Reaching New Heights

I've had my eye on this one since 2011 -- and the trade keeps working out. I'm adjusting my levels to account for the continued strength. Read More

Watch Visa for Weakness

Visa recovered a bit Thursday, a day after a swipe fee ruling knocked V stock off its perch, but future weakness could be troubling for the broader market. Read More

The Slide in Bonds Might Have Just Begun

A look at bonds solely through the lens of technical analysis shows a lot of gravity, and a lot more sky to fall through before reaching "normalcy." Read More

Traders Beware: Don’t Chase the Transports Higher

A break below lateral support in iShares Dow Jones Transportation Average (IYT) could accelerate the downward move. Read More

Equifax in the Midst of a Notable Breakout — Buy Now

A break past lateral resistance saw strong follow-through buying. Read More

Yum! Brands Looks Appetizing From a Technical Perspective

The odds favor a breakout past resistance in Yum! Brands (YUM) sooner rather than later. Read More

Panera Bread Done Rising?

Panera Bread Co. (PNRA) has broken below an uptrend line dating back to 2008. Read More

CAT’s Out of the Bag and It Doesn’t Look Good

Serge Berger is the head trader and investment strategist for The Steady Trader. Sign up for his free Weekly Market Outlook Video here. Caterpillar (CAT) -- This industrial machinery giant reported a 43% drop in its second-quarter earnings, which coupled with the company's weak outlook, weighted on the stock yesterday. Quarterly profits declined to $960 million versus $1.7 billion in the year-ago period. Revenue dropped 15% to $14.63 billion, falling short of analysts' estimates of $14.93 billion. Likely more concerning to investors was the company's outlook. Caterpillar said it expects full-year 2013 revenue of $56 billion to $58 billion, down from its earlier forecast of $57 billion to $61 billion. Furthermore, the company cited weak global growth as a theme for coming years, which given Caterpillar's global reach, is something to take note of. It also didn't have anything particularly rosy to say about Europe, which differs from what other companies such as General Electric (GE) had to say last week.

CAT Chart Click to Enlarge

On the multi-year chart looking back to the 2009 lows, note that after a massive rally, the stock formed a double-top with highs in April 2011 and a re-test of those highs in February 2012. Since the February 2012 highs, the stock has developed a series of lower highs within the context of a crucial up-sloping support line that currently sits around the $82 area. Also note that the stock's 200-week simple moving average (red dotted line) converges somewhere around that area, and a significant close below there would constitute a break of major support. CAT Chart Click to Enlarge On the daily chart, CAT is developing a head-and-shoulders pattern with a clearly defined neckline at the $80 level. While I am not a huge fan of head-and-shoulders patterns that stretch for more than a few weeks, just last week CAT developed another lower high that may just lead to it gaining downside momentum toward the $80 mark as a next leg lower before a bigger test of support. Read More

GPN’s Steady Climb Could Soon Crack Resistance

Global Payments stands a good chance of breaking out to new multi-year highs. See the trade of the day. Read More

GE’s Chart Says It Should Continue Making New Highs

General Electric (GE) has room to run before hitting the next major resistance area. Read More

Luxury Stock Could be a Source of Wealth for Short-Term Traders

Coach (COH) is readying for a breakout of a tight consolidation pattern. Read More

Traders Could Strike It Big With This Offshore Driller

Atwood Oceanics (ATW) broke from a quadruple-top following a period of high accumulation. Read More

Cash Out of YHOO Unless You Can Stomach the Extra Risk

Continue holding Yahoo only if you're comfortable with the uncertainty of future earnings and volatile nature of the stock. Read More

Take the Profits and Run in This Biotech

Illumina has exceeded Sam Collins' target and flashed two sell signals. See the trade of the day. Read More

Your Portfolio Could Use a Dose of Dr. Reddy’s

Dr. Reddy's Laboratories is completing an 18-month saucer with the strong possibility of a breakout. Get the target for RDY. Read More

Fund Offers Bondholders Triple the Protection

Direxion Daily 20+ Year Treasury Bear 3X Shares helps offset the negative impact of lower bond prices and higher interest rates. Read More

This High-Yielder Should be Sold Now

CenturyLink failed to reverse its downtrend and its dividend could be in jeopardy. Sell your CTL. Read More

Don’t Forget to Add This Memory Chip Maker to Your Buy List

Both the fundamental and technical conditions for Micron Technology are positive. Get the target for MU. Read More