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
The Health Care SPDR (XLV) is the best performing sector over the last six months with a 21% gain and the Medical Devices ETF (IHI) is one of the top performing industry group ETFs with a 25% gain. There are dozens of healthcare stocks hitting new highs and showing big... READ MORE
* Small-caps Become More Oversold. * XLE Ends Another Long Correction. * XES Forms Another Higher Low. * Stocks to Watch: VZ, NOV, PSX, VLO, WMT, JPM. ... Small-caps are leading the market lower as the S&P SmallCap iShares (IJR) and Russell 2000 iShares (IWM) fell over 4% in the last five weeks.... READ MORE
The Health Care SPDR (XLV) is the strongest sector over the last six months (+19%) and the HealthCare Providers ETF (IHF) is one of the strongest industry groups (+27%). UnitedHealth (UNH) is the top holding in IHF and accounts for 12.5% of the ETF. UNH has a small bullish... READ MORE
* QQQ Leads with New High. * IJR Firms Near Broken Resistance. * 3 Biotechs To Watch. ...QQQ Leads with New High ...The Nasdaq 100 ETF (QQQ) advanced to a new high on Monday and continues to show upside leadership. Note that QQQ has been leading pretty much all year now and is... READ MORE
* %Above 200-day EMA. * IJR and MDY Correct as QQQ Breaks Out. * XLC and XLF are Lagging. * XLF and Treasury Yields. * Utes and REITs become Short-term Oversold. * Big Biotechs are Leading Again. * JAZZ Hits Reversal Area. * Notes from the Art's Charts ChartList. ...The stock market as a whole remains... READ MORE
* QQQ Holds Up as Small-caps Fall. * Finance Sector Fails to Hold Breakout. * Defining the Upswing in XLF. * Regional Banks and Brokers Break. * Home Construction Breaks Triangle Line. ...QQQ Holds Up as Small-caps Fall ...Stocks were hit with selling pressure late Wednesday and this pushed some key groups modestly lower. The... READ MORE
Alphabet (GOOGL) fell around 10% from a recent high and this decline looks like a pretty normal correction within a bigger uptrend. Note that GOOGL is the biggest component (23.15%) in the new Communication Services SPDR (XLC). Facebook (FB) is the second largest weighting (17.69%) and Disney (DIS)... READ MORE
* Short-term Divided, but Long-term Bullish * Small-caps Still Struggling * SPY Leads as QQQ Breaks Wedge * Tech-Related ETFs Hold Strong (sans SOXX) * Chart Setups: ANET, QLYS, NFLX, LMT, RTN More Uptrends than Downtrends Large-caps continue to lead as SPY hit a new high last week and QQQ edged higher the last two... READ MORE
Regeneron (REGN), a large-cap biotech stock, is part of the Health Care SPDR (XLV) and a top ten holding in the Biotech iShares (IBB), Both ETFs hit 52-week highs recently and show upside leadership. The stock is lagging in the 52-week high category, but the long-term trend is up and... READ MORE
* Where's the Selling Pressure? (RSP). * Dow Theory Bull Market Confirmation * New Leadership Emerges (XLV, XLI, XLF). * QQQ Gets its Flow Back. * IJR Flags and IWM Tests Breakout. * Finance Sector Joins the Fray. * Notes from the Art's Charts ChartList. Where's the Selling Pressure? There are... READ MORE
* Small-cap Materials Take the Lead. * An Abandoned Hammer in SOXX. * FireEye, the Big Base and Volume. * Arista Hits Support and Oversold Zone. ... Small-cap Materials Take the Lead ... There are nine small-caps sectors and the SmallCap Materials ETF (PSCM) is taking the lead. First, it is the only one of the... READ MORE
* 2-yr Treasury Yield Hits 10-yr High. * The Mother of All Double Bottoms. * Financials SPDR Extends Stall. * Leaders and Laggards in Finance. * Stocks to Watch: WMT, TRN and GILD. ...Big Moves in Treasury Yields ...Treasury yields moved sharply higher the last few weeks with the 2-yr T-Yield ($UST2Y) and the 5-yr... READ MORE
Disney hit a new high in early August and pulled back into September. The stock is part of a strong sector, consumer discretionary, and this pullback reached a potential reversal area. First and foremost, the long-term trend is up because the stock formed a higher low from October to April... READ MORE
The Consumer Staples SPDR (XLP) has been leading the market since early May and Procter & Gamble is the largest stock in the sector (12.58%). On the price chart, PG is in the midst of a long-term trend change and the short-term trend is also turning up. First and... READ MORE
There are lots of indicators out there, but one metric stands head and shoulders above the rest. No, it is not a head-and-shoulders pattern. There are hundreds, if not zillions, of ways to measure the trend and identify trend reversals. Over the years, I have found trend reversals to be... READ MORE
* Market Overview - New Highs Are? * Breadth Remains Strong Enough. * Large-caps Lead New High List. * SPX Turns Up after Mild Pullback. * Small-caps Lag on Upturn. * QQQ Bounces from Oversold Level. * XLY and XLV hit new highs as XLK turns Up. * XLI Continues to Lead as XLF Lags. * Bond Correlations Break... READ MORE
* XLF Stalls at Resistance. * IAI Breaks Triangle Line (plus key stocks). * Regional Bank SPDR Falters. * XLP goes from Laggard to Leader (plus key stocks). * Checkpoint, Biomarin, Cerner and Walgreens. * Interview with Financial Sense. XLF Stalls at Resistance The Financials SPDR (XLF) led the market higher from late June to early... READ MORE
Outside of company specifics, the broad market environment and the sector are the biggest influences of a stock's price. The S&P 500 hit a new high recently so we are in a bull market. The Health Care SPDR (XLV) also hit a new high recently and... READ MORE
* Large-Techs and Small-Caps Still Leading. * QQQ Bounces as IJR Flags. * Junk Bonds and International Indexes. * Charts Worth Watching. * On Trend on Youtube. ....QQQ and IJR Still Leading Year-to-Date... ...The major index ETFs are in long-term uptrends and short-term downtrends. There is no denying the long-term trend because we saw fresh... READ MORE
* Market Overview. * S&P 500 Retreats from All Time High. * Would you have the Nerve? * Selling Pressure Contained. * XLI Exceeds Late August High. * Aerospace & Defense iShares Hits New High. * Lockheed Martin and Raytheon Break Out. * XLU and XLP Lead and Lag. * Always Defer to the Price Chart. * Utilities,... READ MORE
* Introduction. * RSI for Trend Identification. * RSI to Quantify Pullbacks. * Scan Code Progression. * Conclusions and Tweaks. Introduction Stocks making big upside moves and higher highs are clearly in uptrends, but this says little about the length of the trend or the depth of the pullbacks. Trends have a tendency to persists... READ MORE
The Semiconductor SPDR (XSD) broke out to new highs last week and hit another new high on Tuesday. Despite strength in this broad-based semiconductor ETF, there are still pockets of weakness within the group. Namely, the semiconductor equipment stocks have been weak in 2018. These include Applied Materials (AMAT), Lam... READ MORE
* XLF Shows a Little Leadership. * Stocks to Watch in XLF. * TLT Backs off Resistance. * Two Cyber Security Stocks Bounce off Support. * Ametek Ends Consolidation. * Video Food for Thought. * On Trend on Youtube. ...XLF Shows a Little Leadership ... The Financials SPDR (XLF) led the sector SPDRs on Tuesday with a .49%... READ MORE
The S&P 500 hit a new high in August, but only four of the ten sector SPDRs joined in on this high: the Consumer Discretionary SPDR, the Technology SPDR, the Health Care SPDR and the Real Estate SPDR. This suggests that the other six are lagging in some... READ MORE
* Small-caps Stall as Large-cap Techs Lead * More Strength than Weakness * S&P 500 Notches a New High * Seasonal Patterns are Mixed * The Ebb and Flow of QQQ * Big Flows in SKYY, HACK and IGV * Big Three are Up Big (XLK, XLY, XLV) * Notes from the Art's Charts... READ MORE
* Biotech and Defense/Aerospace Show Leadership. * Creating a ChartList with ETF Holdings. * 3 Defense-Aerospace Charts to Watch. * 3 Biotech Charts to Watch. Chartists looking for bullish stock setups can use industry group ETFs as the first filter. It is easy to find ETF components, upload them to a ChartList and... READ MORE
* A Selling Climax and Retest for Broadcom. * Analog Devices, Qorvo and Semtech. * Danaher Extends String of Higher Lows. A Selling Climax for Broadcom Broadcom (AVGO) hit a potential reversal zone on a selling climax and could be poised for a rebound. First and foremost, I readily admit the Broadcom is... READ MORE
Chips are leading the market again as the broad-based Semiconductor SPDR (XSD) broke out of a triangle consolidation and hit a new high. A new high in this cyclical group is positive for the technology sector, the Nasdaq and the broader market. First note that XSD has 34 components and... READ MORE