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The Chartman

After Tumultuous Week, Stocks Set to Climb

Last week I noted the Dow had reached resistance and needed a rest. Well, that’s exactly what it did, throwing in a neat little roller coaster on Thursday and Friday. But, based on Friday’s return-from-the-dead rally, I think the odds favor further upside, putting me squarely in the “bull” camp.

Two stocks in the news caught my eye. Goldman Sachs (GS) and Toyota (TM) both look like buys rather than sells to me.

In short, knowing the news about a company is often only part of the story. The rest can often be gleaned from the charts.

Gary B. Smith joined FOX News Channel in 1999 and is currently a regular commentator on "Bulls & Bears," including his own segment called, "The Chartman."