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Dissecting the Medical Devices Group - Discount Brokers with Bullish Continuation Patterns - Banks, Gold, Utes and the 10-yr Yield
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Medical Devices Group Leads Healthcare
.... Medtronic Bids to End Correction
.... Abbot Labs Leads Medical Device Group
.... Boston Scientific Bounces from Oversold Levels
.... Four Medical Device Stocks (WAT, VAR, ALOG, CMD)
.... First Oversold Readings Since Breakouts (BMY, BIIB)
.... Discount Brokers Consolidate within Uptrends
.... Banks, Utilities, Gold and the 10-yr T-Yield ....
Medical...
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Fortinet Bids to End Long Correction
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Stocks close to new highs are usually in uptrends and have a good chance of recording new highs in the near future. Fortinet looks poised for a new high as challenges a channel line after an upturn last week. First and foremost, Fortinet is in a long-term uptrend with the...
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Weekly Market Review & Outlook (w/ video) - Junk Bonds Fall Hard
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Risk-on versus Risk-off on One PerfChart
.... Junk Bond ETF Falls Most Since August
.... The Oxymoronic Nature of Technical Analysis
.... SPY Hovers Near its Highs
.... RSI Moves into Oversold Zone for IJR
.... Finance, Industrials and Healthcare Lead Pullback
.... Utilities SPDR Hits 52-week High
.... Technology Remains a Leader (plus XLY)
.... Industrials and...
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Does the Bond Market Have a Message for the Stock Market? - Plus Mean-Reversion Setups for IJR, XLV and IBB
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Is the Bond Market Sending a Message?
.... IJR Triggers Mean Reversion Signal
.... RSI Turns Up for the Health Care SPDR
.... When Ugly Charts Provide Opportunities
.... Biotech iShares Dip for the Third Time ....
I wrote about the unadjusted High-Yield Bond ETF (_HYG) on October 31st and junk bonds fell rather sharply...
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Fiserve Shows Resilience with Move into Gap Zone
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Fiserv gapped down and fell on big volume last week, but the candlestick points to an accumulation day and the Accumulation Distribution Line hit a new high. First and foremost, the big trend is up because Fiserve hit a 52-week high with a move above 130 in late October. FISV...
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Small Caps are Really Really Small - Gold Firms at Key Retracement - Plus DRI, FCX, GD, KEY, STT and TIF
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Mid-cap and Large-cap ETFs Hit New Highs
.... Checking the Mean-Reversion Trade for IJR
.... Small-caps are Really Really Small
.... Momentum ETF Extends its Lead
.... Gold Ignores Strength in TLT and UUP
.... Darden and Tiffany
.... Keycorp Consolidates after Surge
.... Two Mean-Reversion Setups (GD, STT)
.... Freeport McMoran Bounces off Support ....
Small-caps are leading...
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Schlumberger Springs a Bear Trap with Big Volume
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Schlumberger (SLB) broke support with a surge in volume, but this support break did not hold as the stock surged with strong volume the last two weeks. The decline below 62 looks like a selling climax because of high volume and the gap down. The surge in volume flushes out...
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Uptrends: What to Ignore and What to Watch?
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
An uptrend means prices are advancing and higher highs are the order of the day. We do not know how long a trend will persist, but there is clear evidence that trends persist. Just look at the S&P 500 since early 2016 for a recent example. The 50-day...
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Weekly Market Review & Outlook - Are Small Caps Leading or Lagging?
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Those Pesky Timeframes
.... SPY Notches another New High
.... Broad Advance Lifts QQQ to New Highs
.... IJR Fluctuates within Bullish Consolidation
.... Finance and Technology Lead
.... Consumer Discretionary Struggles Internally
.... Utilities and Materials are Close to 52-week Highs
.... Industrials and Healthcare Pull Back within Uptrends
.... XLE Breaks Flag Resistance as Oil Hits...
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Begin with the Big Trend in Mind - Market, Sector, Industry and Stock
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Big Winners and Losers During Earnings Season
.... Automatically Charting Sector and Industry Group
.... Follow the Broader Market
.... De-selection is Part of the Selection Process ....
Big Winners and Losers During Earnings Season
Stock picking is a tough game, even in the best of times. Earnings season is still underway and we...
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Ford Stalls before Making Next Move
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Ford (F) consolidated after a big advance and this consolidation looks like a bullish continuation pattern. First, industry group strength and the long-term uptrend are in Ford’s favor. Ford is part of the red-hot Global Auto ETF (CARZ), which is up over 20% from its April low and trading...
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Watching Junk Bonds for Clues on Stocks - Two Bad Picks, Two Discount Brokers and Four Cyber Security Plays
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Comparing Global Treasury Yields
.... Watch Junk Bonds as a Leading Indicator
.... T-Mobile Fails to Hold Breakout
.... Merck Plunges to Potential Support
.... Two Discount Brokers with Bullish Charts
.... HACK and three Cyber Security Stocks ....
Today we will start with a view of global Treasury yields and show how the US remains...
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BroadCom Gets a Squeeze and Makes a Move $BRCM
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
BroadCom looks set to continue its long-term uptrend with a breakout and fresh 52-week high. The chart shows BroadCom (AVGO) with Bollinger Bands, the Bandwidth indicator and the Percentage Price Oscillator (PPO). First, notice that the stock hit a 52-week high in July and the PPO(50,200,0) has...
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The Divergence is Just Icing on the Cake for T-Mobile $TMUS
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
T-Mobile is showing signs of life with an upturn off support and a positive divergence in RSI. As always, lets review the bigger picture before trying to make sense of current conditions. TMUS basically doubled from February 2016 to April 2017 with a 108% advance. This massive advance gave way...
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Weekly Market Review & Outlook (w/ video) - Broad Sector Participation Supports the Bulls
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Amazon and Google Fool Billy Bear
.... SPY and QQQ Edge Lower after New Highs
.... QQQ Joins the Small-cap Dip
.... IJR Falls Back into Flag Pattern
.... 5 Sectors Hit New Highs - Tech Leads
.... XLB Jumps to Fresh High
.... XLF Breaks out of Flag
.... XLK and XLI Extend with New Highs...
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Creating a ChartList of High-Octane Stocks
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Active Management Comes at a Cost
.... Add Some Beta with the S&P 500 High-Beta ETF
.... Get Serious Beta from the IBD 50 List
.... Creating a ChartList of the IBD 50 ....
Today I am going to step back and show how we can set up a ChartList to focus...
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A Healthy Reaction to Earnings Reinforces Support in LH
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Laboratory Corporation of America (LH) reported earnings today and surged above the 50-day moving average on the results. The trend since late July remains down, but recent price action is constructive and a breakout could be in the offing. The stock surged around 20% and hit a 52-week high in...
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Metals&Mining ETF Forms Small Continuation Pattern - A Selling Climax for Medical Device Maker - Old School Tech Leads
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Bonds, Gold and the Dollar
.... XME Holds Breakout with Bullish Pattern
.... Medtronic Hits Reversal Zone with Selling Climax
.... Old School Tech Stocks Take the Lead
.... Facebook and Amazon Stall
.... Uptrends in Alphabet and Apple Slow
.... Palo Alto Forms Bull Flag ....
The short-term uptrend in the Dollar and short-term downtrend in...
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US Bancorp Breaks out of Long Consolidation
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
US Bancorp (USB) ended a long corrective period with an upside breakout and this breakout is holding. Note that USB is part of the Financials SPDR (XLF) and the Regional Bank SPDR (KRE). These two are up double digits over the last six weeks and this puts has sector and...
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Small-cap ETFs Lag in October, but Break out of Flag Patterns
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The EW S&P 500 ETF, S&P MidCap SPDR and S&P 500 SPDR moved to new highs this week, but the S&P SmallCap iShares and Russell 2000 iShares are lagging and remain below their early October highs, which were 52-week highs. The PerfChart...
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Weekly Market Review & Outlook - Flag and Consolidations Abound
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Large-caps and Mid-caps Hit New Highs
.... SPY has been "Overbought" Since mid September
.... QQQ Hits Another New High
.... Flags, Pennants and Short-term Consolidations
.... IWM and IJR Remain with Falling Flags
.... XLY Forms Bullish Pennant
.... XLF and XLI Consolidate after Big Moves
.... XLE Tests Flag Lows
.... Tech, Healthcare and...
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Flag Failure in Oil & Gas Equipment & Services ETF Could Bode Ill for Oil and XLE - Small-caps Correct - Oracle Bounces
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Small-cap ETFs Form Falling Flags
.... XLE Stalls as XES Breaks Down
.... Watching Two Timeframes for Oil
.... Shipping ETF Turns Up
.... Oracle Bounces off Support ....
There are lots of small consolidations on the charts as the market digests the gains from mid August to early October. The S&P 500...
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Three Pullbacks for Three Healthcare Stocks
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Chartists should watch Gilead (GILD), Amgen (AMGN) and Merck ($MRK) because all three are forming bullish continuation patterns. First and foremost, all three hit new highs in September so it is safe to assume that the long-term trends are up. AMGN and MRK have been trending higher the last 12...
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Finance Sector Ignores Flattening Yield Curve - A Deeper Dive into Correlation
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Finance Sector Ignores Flattening Yield Curve
.... 2-yr Yield Hits New High
.... Yield Curve is not a Problem Until
.... Correlation between KRE and the 10-yr Yield
.... Correlation is Not Everything
.... Back to Chart Basics
.... Play the Pullback ....
Finance Sector Ignores Flattening Yield Curve
What would happen to the EW Finance ETF...
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Bank of America Holds above Breakout Zone $BAC
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Bank of America (BAC) broke out of a large bullish continuation pattern three weeks' ago and this breakout is holding. Overall, BAC surged from June 2016 to February 2017 and then consolidated with a large triangle pattern. A consolidation within an uptrend is a bullish continuation pattern and the...
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Citrix Ends Correction with Five Week Surge
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Citrix (CTXS), which is part of the Internet ETF (FDN) and Software iShares (IGV), appears to have ended its correction and resumed its long-term uptrend. The stock hit a 52-week high in early 2017 and then declined from May to August. CTXS underperformed the market and its peers during this...
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Weekly Market Review & Outlook (with Video) - Consumer Discretionary Weighs on Market
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Consumer Discretionary Weighs on Market
.... SPY and QQQ Hit Fresh New Highs
.... IJR Edges Lower after Big Run
.... A Hat Trick in the Technology Sector
.... Industrials Pick up the Slack
.... Materials Sector Leads with More New Highs
.... Finance Sector Stalls Near New High
.... Bullish Continuation Patterns Form in Energy
.... XLU...
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Microsoft and Alphabet Lead the Fab Five - Four Stock Setups - Bitcoin Index Hits New High
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Microsoft Leads Fab Five with New High
.... Alphabet Breaks Triangle Line
.... Apple Reverses after Oversold Reading
.... Amazon Breaks Wedge Line
.... Avago Pattern Evolves into Ascending Triangle
.... Cornerstone OnDemand Forms Double Bottom
.... Universal Display Firms at Support and Zoetis Turns Up
.... Understanding Cryptos and Blockchain
.... Bitcoin Index Hits New High ....
Microsoft...
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Comcast Fails at a Key Moving Average
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
A recent double top and failure at the 200-day SMA point to lower prices for Comcast (CMCSA). The double top formed from May to early September with two highs around 42 and a low around 38. Comcast broke this low with a sharp decline and then became oversold. The stock...
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10-yr Yield and TLT Hit Moment-of-Truth - Gold, Silver and Gold Miners Reverse in Fib Zone
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Nearing the Moment-of-truth for TLT and $TNX
.... How the 10-yr Yield Affects other Names
.... Gold, Silver and Gold Miners Reverse Near Key Retracement
.... Newmont Forms Bull Flag
.... Working with High-Low Percent Indicators
.... Finance, Industrials, Tech and Materials Lead New High List
.... New Highs Expand for XLK
.... Three Different Sector Views...
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One of the Weakest Stocks in the S&P 500 Looks Set to Get Even Weaker
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The S&P 500 is near all time highs and we are in a bull market, but Advance Auto Parts (AAP) did not get the memo and recent signals point to new lows. First and foremost, the long-term trend is down because the 50-day SMA is below the 200-day...
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A Pullback in the Energy SPDR? Here's What to Watch.
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The Energy SPDR (XLE) is the top performing sector SPDR since mid August with a double digit advance over the last seven weeks. On the price chart, XLE broke out of the channel, exceeded its summer highs and pushed RSI above 70 for the first time this year. It was...
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Weekly Market Review & Outlook - Small-Caps and Finance Extend their Lead
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Small-caps Lead Broadening Rally
.... Small-caps High-Low Percent hits 2017 High
.... Death of QQQ Greatly Exaggerated
.... IJR Extends on Breakout
.... Sectors Reflect Broad Strength
.... Tech, Finance, Industrials and Materials Lead
.... HealthCare SPDR Turns Up after Pullback
.... XLY Catches a Strong Bid
.... XLU Goes for a Flag Breakout
.... Energy Stalls after Big...
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SystemTrader - Testing a Basic PPO System with a Profit Target and Momentum Filter
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Testing the Basic PPO Signal Line Cross
.... Setting the Benchmark
.... Consulting, Software and Data
.... System Ground Rules
.... PPO Signal Line System
.... A Winning Chart and a Losing Chart
.... Breaking a Tie and Favoring Momentum
.... Backtest Results Favor Large-caps
.... Profit Factor Metric
.... Conclusions and Caveat Emptor ....
Testing the Basic PPO Signal...
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Alphabet Turns up with Increase in Volume
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Alphabet, which some of you may know as Google, surged off a support zone with good volume and broke short-term resistance. This breakout could evolve into more because the big picture is also bullish. GOOGL advanced to a new high in May and then consolidated with a long consolidation. The...
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Techs and Industrials Lead New High List - Metals-Mining and Steel ETFs Turn Up - Four Stock Setups
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... The Little Bull that Could
.... Industrials, Finance and Tech Lead New High List
.... Cyber Security and Networking ETFs Turn Up
.... Strategy Note - A New High in the Future
.... Metals-Mining and Steel ETFs Bid to End Pullbacks
.... Freeport McMoran Stalls within Uptrend
.... Nucor and Steel Dynamics Attempt to End Corrections...
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3M Holds the Breakout Zone $MMM
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
3M (MMM) is helping itself and the Dow Industrials with a breakout in mid September. As a price-weighted average, the stocks with the highest price carry the most weight and MMM, which is the third highest-priced stock, accounts for around 6.5% of the Dow. On the price chart, the...
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Weekly Market Review & Outlook (w/ Video) - Small and Micro Caps Make a Move
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... VIX Extends its Low Run
.... Revisiting Seasonality
.... QQQ Lags, but Doesn't Drag
.... Small-caps and Micro-caps Take the Lead
.... Biggest Momentum Surge in 10 Years for IJR
.... Sector Participation Supports Bull Market
.... Industrials and Finance Lead with Fresh Highs
.... Technology and Materials Not Far Behind
.... Healthcare and Utilities Correct...
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Momentum Divergences: Understanding, Knowing When to Ignore and Knowing When to Trade
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Most of us are familiar with positive and negative divergences in momentum indicators. These divergences suggest that directional momentum is slowing and there could be a trend reversal. There is just one problem. Most divergences are at odds with the bigger trend. Most negative divergences form in an uptrend and...
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Watch these Yield Spreads for Clues on the Greenback
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The US Dollar ETF (UUP) is made of five currency pairings. The Dollar/Euro ($USDEUR) pair accounts for 57.6%, Dollar/Yen ($USDJPY) weighs 13.6%, Dollar/Pound ($USDGBP) is 11.9%, Dollar/Canadian ($USDCD) is 9.1% and Dollar/Swiss ($USDCHF) is 3.6%. Clearly, the Dollar/Euro relationship...
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