Today’s chart scan includes two niche sports apparel brands, Under Armour (UA) and Lululemon Athletica (LULU). Each retailer exhibits key channel support trendlines. In the case of LULU, the lower support channel trendline was touched. Watch in coming days as these stocks test their channel support lines amidst weak retail sales.

Today’s chart scan includes Weatherford (WFT) and Crown Castle (CCI). Weatherford has been in along term downtrend, but has insider buys within the last 8-months near current prices. Crown Castle has been holding up well during a tough market and looks poised to breakout. CCI will benefit from communications infrastructure build out.

Today’s stock chart scan highlights Yum Brands (YUM) and Direxion Daily Small Cap Bull 3x (TNA). Yum displays a great chart with a clear neckline. With recent trading activity YUM has held up very well, despite overall market weakness. The Direxion Daily Small Cap Bull 3x (TNA) shows a possible head with double shoulders pattern. Last Friday’s candle (08/20/2010) made a low which touched the neckline of our head and shoulders pattern.

Today’s stock chart scan examines Northgate Minerals (NXG) and Abercrombie & Fitch (ANF). Northgate exhibits a large symmetrical triangle pattern nearing its apex. With favorable precious metals prices and higher margins NXG could be set for a move higher. Abercrombie shows a classic head and shoulders formation with a neckline of $30.00. With consumers strapped for credit and retail sales weak, keep an eye on ANF heading into the end of 2010.

Today’s stock chart scan highlights Decker’s Outdoor (DECK) and Tempur-pedic International (TPX). As a manufacturer of footwear, Decker’s has recovered nearly five-fold from its bottom near $12.50. It’s chart now features a possible head and shoulders pattern and should be watched carefully. Tempur-pedic features a declining triangle pattern with a neckline of $28.25. With shares [...]

The Hindenburg was a German passenger airship which caught fire and came crashing down while attempting to land in 1937. Could this be a possibles scenario for the United States economy – the fed attempting a soft landing only to have the economy come crashing down?