Mentor Graphics (MENT) has a well-defined bullish flag formation.

Clive Corcoran is on vacation until September 7.

Retailing and consumer discretionary stocks are revealing some of the more interesting patterns.

One chart to keep an eye on for a possible bullish breakout in the medium term is for Seagate Technology (STX).

There appears to be a well orchestrated effort on the part of many institutional analysts and asset managers to talk up the technology sector in the hope that this sector can provide a new leadership initiative to move the market beyond the turmoils that still hang over the financial sector.

Interpublic (IPG) is preparing to move above an area that represents a convergence of three moving averages.

F5 Networks (FFIV) shows signs of a bear flag formation, and the stock faces resistance from the 200- and 20-day moving average.

Bank of America (BAC) may further benefit from the switch in sentiment regarding the banks.

Is it time to start buying some of the beaten up banking stocks?

The troubles in the credit markets continue to surface and this is a particularly treacherous time to be position trading.