* 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
The unadjusted 20+ YR T-Bond ETF (_TLT) surged to resistance on Friday and backed off on Monday. The long-term trend is down and this resistance level could mark a near term top. First note that the chart shows unadjusted prices for TLT by preceding the symbol with an underscore (_TLT)... READ MORE
* Software Is Red Hot. * Microsoft, ServiceNow and Tableau. * HACK Hits a New High. * Qualys and Proofpoint Bounce off Support. Software Is Red Hot The software group is part of the technology sector and this industry group is red hot. Several key stocks in this group hit 52-week highs last week... READ MORE
* Market Overview * Majority of Stocks in Up Trends * New Highs Expand in $SPX, $MID and $SML * An Unenthusiastic, but Steady Advance * Current Uptrend > January High * Small-caps Continue to Lead * Retail Powers Consumer Discretionary * XLK Edges above Flag Line (plus XLC) * Regional Banks Lead Finance Sector * XLI Extends Upswing (plus... READ MORE
The Semiconductor iShares (SOXX) has been locked in a trading range the last few months, but the big trend is still up and a recent candlestick reversal could signal the start of an extended advance. It is important to keep perspective, even when looking at a short-term pattern. In the... READ MORE
* Oil Bounces off Support * XLE: Support Break or Oversold Opportunity? * Biotechs Get a Bounce (IBB, XBI) * Schwab Firms at Support * Stocks to Watch: GSP, FFIV, TXN * On Trend Highlights and Link Oil Bounces off Support The Light Crude Continuous Contract ($WTIC) fell over 10% from early July to mid August,... READ MORE
The Health Care SPDR (XLV) moved into the sector lead with a 52-week high this week. As far as the charts are concern, the Real Estate SPDR (XLRE) and XLV are the only two sector SPDRs hitting fresh highs. XLV gets the edge because it is up around 11% year-to-date,... READ MORE
* Market Overview. * A Bull Market for the S&P 500. * IJR Leads IWM and the Rest. * S&P 500 Leads New High List. * Tech, Healthcare and Industrials Lead New High List. * XLC Starts Trading. * XLU and IYR Extend Breakouts. * Cloud Computing ETF Forms Bull Flag. * Regional Bank SPDR... READ MORE
The first rule of trading is to stay on the right side of the broad market trend. There are different indexes and indicators we can use to determine the broad market trend, but few are as efficient as the S&P 500 and its 12-month EMA. The chart below... READ MORE
Cerner (CERN) remains in a long-term downtrend, but the stock broke a resistance level and pulled back to this breakout zone, which now turns into support. This is called a throwback and it could offer a second chance to partake in the breakout. First and foremost, CERN is in the... READ MORE
* An Island Reversal for SPY. * XLI and Lead the Gap Parade. * SOXX Leads Tech Lower with Gap. * IAI Forges Lower Highs. * ITB Hits New Low for Year. * Utes and Telecom Hold Up. ... There were short-term reversals last week as a number of stocks and ETFs gapped up on Tuesday and... READ MORE
Anadarko Petroleum (APC) has had quite a good year with a 25% gain in 2018 and 52-week highs in June and July. The stock fell over the last five weeks, but this decline is viewed as a correction within a bigger uptrend. Moreover, RSI became oversold and a mean-reversion bounce... READ MORE
* 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