Continental Airlines (CAL) has a slightly unorthodox flag formation, but the volume characteristics are in accordance with a bullish interpretation.

The banking sector, ^BKX index, jumped 2.5% on Thursday. Short covering may have been a large factor in the strong rally.

The chart pattern for Encana Corporation (ECA) indicates that a congestion pattern needs to be resolved as price has moved into the apex of a well defined triangular formation. The momentum and money flow charts are pointing to the fact that the stock has recently been under distribution.

Lehman Brothers (LEH) suffered as sub-prime issues moved back to center stage yesterday. The five percent drop on heavy volume suggests that we will see a retest of the late March low in the vicinity of $68.

Fuller (FUL) has a Bull Flag formation and may be preparing for a further advance.

Newmont Mining (NEM) surged by more than five percent on Friday on very heavy volume. Friday's surge has brought the stock to a potential breakout level.

The appeal of the large technology stocks, which have been the recent beneificiary of asset allocators switching away from the banks, utilities and other interest sensitive sectors, has been one of the reasons to remain positive about the overall market's chances of avoiding a slump.

The broker/dealer index (^XBD) made a lower low Wednesday and still appears to be struggling to rise above pivotal chart levels.

AMD could be setting up in a bull flag formation for another move higher.

Google (GOOG) registered a spinning top formation after posting a new high on Friday that invalidated the possible lower top formation. There are negative divergences on the MACD and MFI charts but shorting the stock is not for the faint hearted.