The exchange traded fund for the US health care sector, IYH, shows that price has been in a congestion pattern with range constriction. A price breakout seems imminent.

Computer Associates (CA) gapped up on the open and closed at the 200-day EMA on twice the average daily volume. Clive Corcoran will be monitoring this stock today for signs of further upward momentum.

Qualcomm (QCOM) could be preparing to break out from a rising wedge pattern.

The US energy sector fund, IYE, is among the energy-related charts that are showing waning momentum.

Coca Cola (KO) has continued to weaken after dropping below two key moving averages but may be reaching a potential bounce level at a new 2008 low.

The chart for homebuilder Hovnanian Enterprises (HOV) reveals the difficulties that many stocks are having in moving above their respective 200-day EMA's.

Avon Products (AVP) is showing whipsaw behavior following the recent shooting star candlestick that was registered when the stock attempted to break out of its recent trading range.

Advanced Micro Devices (AMD) broke above a key downward trendline and the 50-day moving average in Monday'strading, while trading at twice the moving average volume.

Motorola (MOT) is in a constricted range and mini-flag formation after its extended basing pattern is pointing to an inflection point, where risk/reward favors the long side.

Annaly Capital Management (NLY) looks poised to climb further from the ascending wedge pattern.