* Weekly Performance Review. * Market Overview. * A Correction for the S&P 500? * First Levels to Watch for SPY. * QQQ Double Top - NOT! * IJR is Holding up Just Fine. * XLV, XLK and XLY are Leading. * XLI and XLF Hit Resistance. * XLE Remains Stuck (plus XES). * Oil Corrects within Uptrend.... READ MORE
Gilead is in the midst of its fourth Bollinger Band squeeze in the past year. The last four instances foreshadowed pretty strong moves so I will be watching the current squeeze closely for the next directional clue. A Bollinger Band squeeze occurs when the bands contract and the Bandwidth indicator... READ MORE
Trend following strategies are built on the premise that trends persist and we can make money by simply following the trend until it ends. There will be losers along the way, but a few strong trends will more than make up for the losses. It sounds great in theory, but... READ MORE
* Weekly Performance Review. * Changing of the Guard Continues * S&P SmallCap iShares Outperforms Russell 2000 iShares * S&P 500 is in a Bull Market * High-Low Lines Continue to Rise * QQQ Becomes Short-term Oversold * IJR Consolidates Near Highs * Measuring Trend Strength with Stochastics * XLF and XLI Challenge Resistance * This... READ MORE
* Pick your Timeframe to Suit your Message. * Aroons Signal Consolidation in XLU. * XLRE Breaks Out of Flag. * REITs, Utilities and the 10-year Correlation. * HACK Becomes Oversold in an Uptrend. * The Dreaded Double Dip in RSI. .... Timeframe and Message ... The Utilities SPDR (XLU), the Energy SPDR (XLE) and the Real Estate... READ MORE
Waters Corp led the market in 2017 with a 65 percent gain, but lagged in 2018 as the stock corrected the last six months. I am watching this correction pattern for a breakout that would signal a continuation of the bigger uptrend. Waters Corp makes analytical equipment and software for... READ MORE
US Bancorp lagged the broader market the first half of the year, but managed to firm from March to June and lead with a breakout in July. The chart shows USB falling from 57 to 49 with a sharp decline from late January to late March. The stock managed to... READ MORE
* Oil Surges back above $70. * XLE Turns Up within Range. * XES Surges off Support. * Chevron Bounces on Big Volume. * Halliburton versus Baker Hughes. ... Oil Surges back above $70 ... Oil fell on Friday and rebounded on Monday to keep its mean-reversion bounce alive. I highlighted oil, XLE and the Oil &... READ MORE
* Weekly Performance Review. * Large-caps Show Leadership in July. * New Highs Expand in S&P 500. * Nasdaq 100 Still the Strongest. * Internal Improvements in Industrials and Finance. * XLF and XLI Challenge Spring Highs. * TLT and IEF Fail at Resistance. * This Week in Art's Charts. * Notes from the Art&... READ MORE
* Breaking Down the Materials Sector. * Materials SPDR Battles Wedge Breakout. * Small-cap Materials Sector Leads XLB. * Establishing an Analytical Bias First. * Steel ETF Surges off Support. * Three International Mining/Steel Stocks. * Three US-Based Steel Stocks. ... Today we are going to dive into the materials sector. I will start by comparing the... READ MORE
Danaher is part of a strengthening sector (healthcare) and accounts for around 5.5% of the Medical Devices ETF (IHI), which is one of the strongest industry group ETFs this year. XLV is one of the best performing sectors over the last three months and IHI sports a parade of... READ MORE
Honeywell (HON) kicked off earnings season for the big industrial stocks last week and surged on high volume. The stock is already in a long-term uptrend and the correction in the first half of 2018 appears to be ending. The stock is in a long-term uptrend because it hit a... READ MORE
* Long-term Trend for Oil is Clearly Up. * RSI Dips into "Oversold" Zone. * Confirming with Nearby Futures. * Finding Futures Symbols. * Oil & Gas Equip & Services SPDR Lags Oil. * XES Tests Bullish Resolve. ...Long-term Trend for Oil is Up ...Oil pulled back over the last few weeks with a... READ MORE
The Financials SPDR (XLF) and Industrials SPDR (XLI) weighed on the broader market the first six months of the year, but perked up in July and started to show some upside leadership. The PerfChart below shows the percentage change for the ten sector SPDRs from December 29th to June 29th,... READ MORE
* Weekly Performance Review. * Elevator Down and Stairs Up. * The Big Four are in Sync. * A Changing of the Guard? * Big Wedges Remain for XLI and XLF. * ITB and XHB Firm at Key Retracements. * What is the Deal with Bonds? * Notes from the Art's Charts ChartList. ...There is an... READ MORE
* A Breadth Burst for the Finance Sector. * Industrials and Finance Lead July Surge. * Ranking by %Above 200-day EMA. * Finding these Symbols. ... Signals from %Above Indicators ... The percentage of stocks above the 20-day EMA is a short-term breadth indicator that measures participation. StockCharts calculates and publishes this indicator for the major... READ MORE
I do not use bullish and bearish divergences with momentum indicators very often because they usually form in the direction of the bigger trend. For example, most bearish divergences form in uptrends and most bullish divergences form in downtrends. I trade in the direction of the bigger trend and prefer... READ MORE
* Biotech ETFs Near New Highs * Fab Five Lead QQQ Higher. * SOXX Turns Up within Triangle. * A Mean-Reversion Setup for Analog Devices. * Two Inside Days for Cisco. * A Flag Breakout for ICE. * Perkin Elmer Perks Up. ... IBB and XBI Near New Highs ... The Biotech iShares (IBB) surged over 15% the last... READ MORE
* SPY Extends Laborious Uptrend. * Back in the Saddle. * QQQ Maintains Leadership with New High. * Healthcare Takes the Lead in July. * Industrial Sector Pulls Ahead of Finance. * Aerospace & Defense ETF Turns Up within Range. * Mind the Gap in the Broker-Dealer iShares... ... The major index ETFs were in long-term uptrends and... READ MORE
* June Swoon Looks Pretty Tame. * Programming Note: Up Coming Vacation. * High-Low Lines Still Rising. * S&P 500 Sets up First Test. * Short-term Oversold in Long-term Uptrend. * XLF and XLI Toy with Support. * Three Tech ETFs Become Oversold. * Notes from the Art's Charts ChartList. ...There are plenty of... READ MORE
* Mind the Gap in XLK. * Offensive Sectors Lead the Correction. * Bonds Continue to Rise. * Banks, Utes and the 10-year Yield. * Yuan Breaks Support. ... Mind the Gap in XLK ... The Technology SPDR (XLK) hit a new high and then gapped down for the third time this year. The red annotations show... READ MORE
The Oil & Gas Equip & Services SPDR (XES) is trading near a potential reversal zone, but the ETF is not keeping pace with strength in oil. The first chart shows XES, the Light Crude Continuous Contract ($WTIC) and the Correlation Coefficient for the two. XES bounced between 13 and... READ MORE
* Measuring Participation during a Big Move. * The State of the Market * QQQ Nears First Support Test * IJR Corrects after Big Move * XLV Stocks Versus XLF Stocks * StockCharts TV and On Trend. ... Measuring Participation during a Big Move ... AD Percent is the first breadth indicator I check after a big up... READ MORE
* A Binary Approach to Indicators. * Wobbly S&P Holds Breakout Zone. * A Small Pullback in the E-Mini. * The Dow? Fughedaboutit! * QQQ and IJR Hit Fresh New Highs. * Retail and Amazon Power XLY. * XLV Holds Breakout. * XLK Starts to Stall. * XLF Tests a Big Support Zone. * Oil Holds Support Near... READ MORE
Stocks making new 52-week highs are clearly in uptrends and leading. Even though Paypal is just shy of a 52-week high, the bigger uptrend and wedge point to new highs in the near future. First and foremost, Paypal is in a long-term uptrend because the 50-day EMA is above the... READ MORE
* Remember the Failed Flag in SPY? * XLI Fails and Breaks Support. * KRE Holding Up Well. * USB Forges Island Reversal. * Biotech ETFs Breakout. * 4 Healthcare Stocks to Watch. * On Trend on Youtube. ... Remember the Failed Flag in SPY? ... Not too long ago, the S&P 500 SPDR (SPY) surged and... READ MORE
* Correction Time? * XLI and XLF Resume their Lagging Ways. * Charting the Big Five Sectors. * Watch the Risk-Off Assets. * On Trend and Stocks to Watch. ... The Single Biggest Influence on Individual Stocks There are several influences on the price of an individual stock, but one influence rises far above the others.... READ MORE
Ross Stores was hit hard with a high volume gap down in late May, but immediately firmed and recovered. The stock broke out of a long triangle in early June and then stalled with a small flag last week. Basically, we have two bullish continuation patterns at work. The long-term... READ MORE
The Industrials SPDR (XLI) has struggled in 2018 and is pretty much unchanged year-to-date. Despite flat performance this year, a pair of bullish continuation patterns are taking shape. Let's look at the key levels to watch going forward. Long-term, the trend is still up because the PPO(50,... READ MORE
* S&P 500 Digest Short-term Gains. * QQQ Leads with New High Expansion. * IJR Stalls above Breakout Zone. * Three Big Leaders and Two Laggards. * XLF Turns Down from Resistance. * XLI Tests Flag Breakout. * XLV Extends on Breakout. * Bonds Get a Bounce. * USO Slowly Bounces off Key Retracement. * The Noose Tightens... READ MORE
* Gasoline ETF Firms after Pullback * Notes on RSI Parameters and Levels * Three Inside Weeks for Gold * Bollinger Contractions for GLD and GDX * Dollar Gets Extended * Unadjusted REIT SPDR Hits Reversal Zone * Questions, Comments or Feedback? ... Gasoline ETF Firms after Pullback The US Gasoline ETF ($UGA) has a mean-reversion setup working... READ MORE
Rockwell Automation reversed its downtrend with a big surge in May, worked off overbought conditions and looks poised to resume its uptrend. The chart below shows ROK with a high-volume plunge in late April, a high-volume reversal day and a sharp recovery in early May. This recovery extended with high... READ MORE
* Two Breakout Zones to Watch on SPY. * On Trend Preview. * TLT Affirms Resistance. * Banks and Utilities Cue off Bond Market. * Finance Sector and Big Banks Continue to Lag. * Aetna Breaks Out of Bull Flag. * Questions, Comments or Feedback? Two Zones to Watch on SPY ...The S&P 500 SPDR... READ MORE
Danaher (DHR) is a conglomerate that is the 15th largest component (1.91%) of the Health Care SPDR (XLV) and the 5th largest component (5.43%) of the Medical Devices ETF (IHI). XLV broke out last week and IHI has been leading for some time. The stock is also looking... READ MORE
* Strong, but Getting Frothy. * S&P 500 High-Low Percent Exceeds 10%. * S&P 500 Extends Breakout. * QQQ and IJR Hit New Highs. * Two New Highs and Two Breakouts. * Sector SPDRs Mask Strength Within. * Setting Resistance for Treasury Bond ETFs. * A Mean-Reversion Setup in Oil. * Notes from the Art&... READ MORE
* The Big Drivers in the S&P 500. * Industrials SPDR Breaks Out of Massive Wedge. * Boeing Leads XLI with New High. * Healthcare Holds Support and Breaks Out. * Blame J&J and Celgene. * Pfizer, Merck and Amgen hold Breakouts. * XLF Remains within Corrective Pattern. * Questions, Comments or Feedback? Large-caps... READ MORE
Oil fell rather sharply over the last two weeks, but the long-term trend is up and two technical indicators point to a bounce. The chart below shows the USO Oil Fund (USO) in the top window, RSI for USO in the middle and the Light Crude Continuous Contract ($WTIC) in... READ MORE
* Expect Trends to Continue, Not Reverse. * Broad Market AD Lines Record New Highs. * 52-week Highs Expand in Two Key Sectors. * Retail Propels Consumer Discretionary Sector. * Copper and COPX Bounce off Support (plus PALL). * Stocks to Watch. This is a preview for today's show, On Trend. This show airs... READ MORE
Apple (AAPL) broke out of a pennant formation with a surge on Friday and this breakout could bode well for Qorvo (QRVO) and Skyworks (SKWS). The first chart shows Qorvo surging over 20% and then stalling with a contracting consolidation. This is a pennant and it is a bullish continuation... READ MORE
* Broad Strength in the Nasdaq 100. * Nvdia and Netflix Lead the Top 10. * Google Gets its Mojo Back. * Lots of Bull Flags within XLI. * Merck and Pfizer Break Out of Triangles. * Questions, Comments or Feedback? The Nasdaq 100 and big techs led the market higher in 2017 and they continue... READ MORE