Wynn Resorts (WYNN) appears to be forming a bull flag.

Parker-Hannifin (PH) will probably want to test the confluence of the 20- and 50-day moving averages in the region of $100 during coming sessions.

Northrop Grumman's drop (NOC) brought it decisively below a major trend line.

Anadarko Petroleum (APC) is developing a pronounced triangular formation and yesterday's whipsaw session suggests that traders are struggling to determine the near-term direction.

Clive Corcoran writes that Checkpoint (CHKP) still looks favorable on the long side.

Tiffany (TIF) was one of the few stocks that was unable to find any benefit from yesterday's powerful rally as it dropped more than five percent on very heavy volume. The long lower tail suggests that some buyers stepped in to arrest the decline as the stock hit the 200-day moving average and a pivotal chart level.

Clive Corcoran writes that Baxter (BAX) faces a formidable hurdle at $56 and any market rally that brings it back close to this level should be seen as a good shorting opportunity.

Checkpoint (CKP) still looks favorable on the long side and an entry near to yesterday's close at the $24 level could present a chance to benefit from renewed buying interest following last week's strong upwards gap move on heavy volume.

The divergences on the MACD and MFI charts are pointing to the fact that despite a lot of upbeat statements from analysts and fund managers that bargains abound, many institutions are liquidating positions in the better performing stocks.

Merck (MRK) reveals a long lower shadow or tail at a key intersection of moving averages and may be ready to move higher as long as the overall market remains relatively stable.