While the S&P 500 toys with its October low, Hologic its flirting with its summer highs and showing strength over the last few months. The chart below shows Hologic (HOLX), which his part of the Medical Devices ETF (IHI), with its 50-day SMA above the 200-day SMA and... READ MORE
United Parcel Service (UPS) is a global player in logistics and package delivery. The outlook for the global economy is surely dimming with the Shanghai Composite ($SSEC) falling all year, the German DAX Index ($DAX) and French CAC Index ($CAC) hitting new lows, and the S&P 500 turning... READ MORE
Viacom (VIAB) is part of the broadcasting-entertainment industry group, which is part of the Communication Services SPDR (XLC). The stock acted more like a defensive share in the first half of the year by underperforming from January to May. VIAB bottomed in June and outperformed the broader market over the... READ MORE
* Defining the Current Market Environment. * Elliott Wave, Dow Theory and Counter-trend Moves. * Yearend Seasonality is Bullish. * Sentiment Reaches Bearish Extremes. * Focus on the Price Chart! ... Making Adjustments ... As traders and investors, it is important to understand the current market environment and adjust our strategy accordingly. Are we in a low... READ MORE
The Momentum Factor iShares (MTUM) and the Minimum Volatility iShares (USMV) represent opposing sides of the market. High flying stocks can be found in the momentum ETF, while the more boring issues dominate the minimum volatility ETF. Using these two ETFs, chartists can quickly take the temperature of the stock... READ MORE
* Performance Overview. * Ranging after Breakdown. * Other Bearish Developments. * Volatility Heats Up. * Momentum versus Low Volatility. * Staples and Utes Hold Up. * Healthcare and REITs Outperform. * Big Bounces within even Bigger Downtrends. * Notes from the Art's Charts ChartList. ... Ranging after Breakdown The S&P 500 was thrown off trend... READ MORE
* SPY Draws a Line in the Sand. * QQQ Lags SPY on Rebound. * Scanning for 5-day ROC. * Auto Parts Stocks Stand Out. * On Trend on Youtube. ... SPY Draws a Line in the Sand ... The S&P 500 SPDR (SPY) and the Nasdaq 100 ETF (QQQ) gapped up the day after... READ MORE
A classic death cross occurs when the 50-day moving average moves below the 200-day moving average. On the flip side, a golden cross occurs when the 50-day SMA moves above the 200-day SMA. The 50-day SMAs have been above the 200-day SMAs for all major stock indexes this entire year... READ MORE
Goldman Sachs is the premier investment bank and a key component of the Financials SPDR (XLF), as well as the Broker-Dealer iShares (IAI). The stock has struggled since March and lagged the market for over six months now. While the S&P 500 moved to a new high in... READ MORE
* Performance Overview. * When Uptrends Lose Consistency. * Only One Breadth Thrust. * Not A Lot of Strong Uptrends. * Majority of Stocks below 200-day EMA. * S&P 500 Hits Moment-of-truth. * On-Trend versus NOT On-Trend. * Breakdowns Followed by Sharp Rebounds. * This Week in Art's Charts. * Notes from the Art's... READ MORE
* Healthcare Sector Shows Leadership. * Big Moves in %Above 50-day EMA. * Healthcare Providers and Medical Devices Break Out. * HealthCare Providers Lead New High List. * Nine Healthcare Stocks to Watch. ... Strong Breadth within Healthcare ... The chart below shows the %Above 200-day EMA indicator for nine of the sector SPDRs. Note that we... READ MORE
Johnson & Johnson (JNJ) started the year on the wrong foot with a double digit decline the first six months. After hitting a 52-week low in late May, the stock turned around and advanced some 20% the next four months. Even though the stock remains below the January high, the... READ MORE
* Short-term Bounce Extends. * XLY and XLF Lead Rebound. * SKYY and SOXX Lead Tech-related ETFs. * Gold Holds Breakout. * Crude Hits Moment-of-Truth. * Bonds Continue to March South. * Stocks to Watch: DIS, VZ, CSCO, MSFT, MA, V and JNJ. ... Short-term Bounce Extends Stocks were deeply oversold in late October and there were several... READ MORE
The US elections are on Tuesday and the financial press is full of tips based on possible outcomes. Basing a financial decision on a news event means we must get two things right. First, we must successfully predict the news (election results). Second, we must then successfully predict the market&... READ MORE
* Markets and News. * S&P 500 Gets Oversold Bounce. * %Above 200-day EMA Plunges. * Range Change for %Above 20-day EMA. * %Above 50-day EMA Forms Small Divergence. ... Markets and News ...Writing a market commentary before the election seems a bit foolhardy, but the election results do not figure into my analysis.... READ MORE
Gold, silver and platinum suffered selling pressure over the last few years, but palladium attracted buying pressure and outperformed. It is one of the few precious metals trading near a 52-week high and in a long-term uptrend. The first chart shows three year performance for the continuous futures contracts for... READ MORE
* Assessing the Damage in October. * Testing the 10 and 12 Month MAs. * S&P 500 Breaks Key Moving Average. * Bonds Decline along with Stocks. * Global Stocks Are Weak. * REITs are Holding Up, But. * Commodities Weaken. * Gold Holds Breakdown on Monthly Chart. * Dollar Strengthens against Euro. * Note from the Art&... READ MORE
Soup season is upon us, but Campbell Soup ($CPB) is having none of it as the stock trends lower and lags its sector, the Consumer Staples SPDR (XLP). First and foremost, the long-term trend is down with a 52-week low in June, the 50-day below the 200-day and the 200-day... READ MORE
The S&P 500 is down around 7.5% so far this month and this is shaping up to be the worst monthly decline in over five years. Keep in mind that there are still a few days left in October and the last monthly bar will not complete... READ MORE
* Dealing with Drawdowns. * Mean-Reversion with RSI, Chandelier and PPO. * Universe, Market Regime and Ground Rules. * Sample Signals for IJR. * Testing the Big Four. * Plotting the Drawdowns. * Setting a Risk-of-Ruin Stop. * Conclusions. .... Dealing with Drawdowns. The S&P 500 is currently in the midst of its worst monthly decline since... READ MORE
* Performance Overview. * Oversold, But Broadsided. * First Target for S&P 500. * Nasdaq 100 Breaks 40-week SMA. * FAANG Stocks Lead NDX Lower. * Mid-caps and Small-caps Bear the Brunt. * Downside Participation Expands Furthers. * Utilities Buck the Selling Pressure. * REIT ETF Remains with Breakdown. * Treasuries Gets Some Safe-haven Love. * Dollar Remains Strong... READ MORE
* India and Brazil Remain Positive. * The All Ords Index versus the Aussie ETF. * Rupee Extends Decline Relative to US Dollar. * Rupee Weighs on India ETF. * Symbols for Currency Crosses. ... India and Brazil Remain Positive ... A few foreign stock indexes are holding up, but their Dollar denominated ETFs are underperforming because... READ MORE
The pickings are getting slim after sharp declines in October, but some stocks are holding up better than others. The Software iShares (IGV), in particular, held up better than most industry group ETFs and Adobe (ADBE) is a leader in this group. The chart below shows Adobe falling sharply in... READ MORE
* Setting Benchmark Levels for Comparison. * Analyzing the Top Sectors and Benchmark Lows. * New Lows Expand on Latest Dip. * Discretionary, Finance and Industrials Lead New Low List. * Software and Cyber Security Hold Up. * CheckPoint, Fortinet and FireEye. * Food and Charts for Thought. ... Setting Benchmark Levels .... Chartists can set benchmark highs and... READ MORE
Citigroup (C) is leading the Financials SPDR (XLF) lower with a lower high in September and a rising wedge break in October. The chart shows weekly bars for Citigroup over the last three years. The stock led the market higher in 2016 and 2017 with a gain exceeding 100% from... READ MORE
One of my favorite methods for analyzing the sector SPDRs is with CandleGlance charts sorted by the Rate-of-Change indicator to rank performance. This is a great way to quickly separate the leaders from the laggards and analyze short-term price action. The charts below show the 11 sector SPDRs and the... READ MORE
* Performance Overview. * Correlations and Volatility Rise. * Scanning and Measuring Participation. * Bulk of the Evidence Remains Bearish. * S&P 500 Battles 200-day. * Dow Theory and Trends. * Healthcare and Utilities Hold Up. * Software, Defense and Health-related ETFs. * Notes from the Art's Charts ChartList. ... Correlations and Volatility Rise ... The major... READ MORE
* Trading SPY with S&P 500 Signals. * Long and Long-Short Backtests. * Smoothing to Reduce Whipsaws. * Testing Different SMA Combinations. * Bollinger Bands, Envelopes and Keltners. * Backtesting the Filters. * Final Thoughts and a Suggestion. ... Introduction Yesterday I put the 200-day SMA through the wringer with some testing using the S&... READ MORE
The 200-day SMA acts as a benchmark we can use to compare price movements. We can use the 200-day SMA to compare the current decline in the S&P 500 against past declines. We can also use the 200-day SMA to compare the decline in the S&P... READ MORE
* A Self-Fulfilling Prophecy? * Ranges Wreak Havoc on Moving Average Systems. * Backtesting Five Indexes. * More Whipsaws than Strong Trends. * Other Uses for the 200-day SMA... ... The S&P 500 broke its 200-day SMA with a sharp decline last Thursday and then rebounded over the last three days to reclaim this... READ MORE
The S&P 500 fell to its lowest level since early July and pierced its 200-day moving average last week. Chartists looking for stocks that held up better during this decline can use these levels for comparison. Stocks that did not break below their August lows and 200-day moving... READ MORE
The broad market environment is a bit shaky right now, but Ultra Beauty (ULTA) is holding up relatively well with a normal pullback after a big breakout. First and foremost, the stock is in a long-term uptrend after a breakout, surge and 52-week high in September. Also note that the... READ MORE
* Performance Overview. * Fattening Up and Surviving Drawdowns. * Breadth Indicators Turn Bearish. * Measuring and Comparing Downside Momentum. * S&P 500 hits Oversold Extreme. * The New Normal for QQQ? * Pullbacks within Uptrends: XLV, XLK, XLY, XLU. * Charts Going Nowhere: XLE, XLI. * Chart Break Downs: XLC, XLP, XLRE, XLF, XLB. * Notes from... READ MORE
* Broadest Decline Since April. * 16 Stocks Bucked the Selling Pressure. * Scan Code for Advancing Issues. * The Russell 2000 and Moving Averages. * A Shift from Growth to Value? ... A Lopsided Move ... Chartists can measure participation using the AD Percent indicators. AD Percent equals the number of advances less the number of... READ MORE
Walmart (WMT) is making waves again with a massive breakout in August and a small breakout on Tuesday. WMT underperformed the market the first half of the year with a 25% decline from the January high to the May low. The stock firmed in May, began rising in June and... READ MORE
* XLF at Moment of Truth * Three Stocks and a Third of XLF * August-September Leaders are Oversold * Understanding the Chandelier Exit * SPY and QQQ Join Oversold Parade * 9 Oversold Setups and 1 Example * Stocks to Watch: HOLX, VRSK, AMJ, WMT ... The Financials SPDR (XLF) seems like a dangerous sector to be... READ MORE
Last week was tough on stocks as the S&P 500 SPDR declined around 1%, the Nasdaq 100 ETF fell 3% and the Biotech iShares plunged 4.5%. Despite a rough week, note that some 180 stocks in the S&P 500 closed higher and bucked the selling... READ MORE
* Defining the Broad Market Environment. * Measuring Participation. * Uptrends Versus Downtrends. * Measuring Market Leadership. * Weight of the Evidence. ... The Broad Market Environment ... For a long time now, I have been using three breadth indicators to define the broad market environment, bull market or bear market. As with trend-following, this system will... READ MORE
Utilities are not the most exciting stocks in the world, but the Utilities SPDR (XLU) is the third best performing sector since February and the second best performing sector last week. The could have further to run. Let's look at the charts. The first chart shows weekly bars... READ MORE
* Performance Overview. * The Perfect Storm or Just Coincidence? * Working with Assumptions and Predictions. * We've Seen this Movie Before (QQQ). * New Lows Increase. * More Uptrends than Downtrends. * XLC Reverses Counter-trend Bounce. * XLF Bounces off Support. * XLI Holds Strong. * XLE Remains with Breakout. * XLY Becomes Short-term Oversold. * Notes from the... READ MORE