The weekly chart for the KBW Banking Index (BKX) illustrates the extent of the work still to be done by the banking sector to recover its past glory.

The consumer discretionary stocks, as tracked by XLY, are in a pullback pattern which may hit resistance not far above current levels.

Clive Corcoran writes that the longer-term outlook seems to be favouring the US dollar against the key European cross rates.

Clive Corcoran writes that, based on the formations seen on the Nasdaq 100 (NDX) chart, a retreat to the 1500 level would seem like a realistic intermediate-term target.

The S&P 500 has notably failed to take out the 38% retracement level in the region of 1014, and there is a plausible case that suggests that support levels around 950 may have to be tested again.

Shanda Interactive (SNDA) has continued to sink and validate one of Clive Corcoran's favorite patterns, the bear flag.

DBA, a sector fund which allows investors to take a position on agricultural commodities, appears to be preparing for a move up from an ascending wedge pattern, but a more attractive entry position could present itself in coming sessions.

UUP, the ETF which allows investors to profit from recovery of the US dollar against a basket of currencies, is still in a basing pattern, but Clive Corcoran expects the reward/risk on this index to favor the long side in coming weeks.

Teva Pharmaceuticals (TEVA) has a pullback pattern on declining volume and Clive Corcoran thinks it could be a relatively attractive reward/risk proposition on the long side.

Goldman Sachs (GS) is showing a flattening of the momentum pattern which has propelled it to the $170 level.