MEMC Electronics (WFR) has a pennant formation at an all-time high with positive money flow characteristics.

Red Hat (RHT) appears to be poised for an upside breakout from a cup and handle pattern.

Despite the need to be cautious on the long side in current market conditions, Clive Corcoran notes that Silicon Labs (SLAB) has a bullish flag formation.

CMS Energy moved quite decisively above all three moving averages in yesterday's trading.

Haliburton (HAL) has dropped more than five percent this week so far, and could have further to fall in the intermediate term.

The Nasdaq 100 (^NDX) chart reveals a range contraction session that almost certainly is due to the impending interest rate decision and can also be the precursor to a strong directional impulse.

Schering Plough (SGP) has pulled back in quite a steep channel on subdued volume and may find rejection at the intersection of two moving averages above Friday's close.

Qualcomm (QCOM) has a mini bear flag formation as it straddles all three moving averages.

The chart for Apple (AAPL) over the last two sessions reveals a very similar pattern to that for the Nasdaq 100 (^NDX) and in some ways the stock embodies the hopes and aspirations for the technology sector as a whole.

Investors are continuing to be shy of largely US based businesses that do not enjoy currency diversification in their revenues, and with the ongoing aversion to the financial sector, many of the leaders from the late 90’s are beginning to shine again.