Weekly Market Review & Outlook .... On a Road to Nowhere ($VIX and $SPX) .... High-Low Lines Continue to Rise .... Deterioration in %Above 200-day Indicators .... SPY Holds the Breakout and the Gaps .... IJR and MDY Tests their Breakout Zones .... Mind the Gap-Breakouts in XLI and XLF .... Correlations with the 20+ YR T-Bond... READ MORE
.... Split Performance Hinders Biotech ETF .... Amgen Lagging Biotechs and Market .... HealthCare SPDR Holds Breakout .... Pfizer Slows to a Crawl .... Delivery and Trucking Weigh on Dow Transports .... Use Sector Summary to Drill Down .... Refiner Stocks Catch a Bid .... Stocks to Watch: AES, EMR, FLIR, NTAP Split Performance Hinders Biotech ETF The... READ MORE
I was running through some charts today and came across and interesting setup - in Xerox of all names. It has been a long time since Xerox crossed my path. The company provides document management solutions with both hardware and services. It is a $7.2 billion company and part... READ MORE
.... IJR and MDY Tests their Breakouts .... Stocks and Junk Outperforming Treasuries .... Watch BAC, C, GS and JPM for Big Banks .... Watch USB, FITB, HBAN and ZION for Regionals .... Aroons Signal Consolidaiton for Arconic .... A Small Correction for Natty? .... BHI and XOM Held Up Better than their Peers .... Charts to Watch:... READ MORE
Merck is showing signs of life as it bounces off a breakout zone and the Stochastic Oscillator turns up. The overall trend is up because the stock hit a 52-week high in February and is above the rising 40-week moving average. After a breakout surge earlier this year, the stock... READ MORE
----- Video Link ----- Art's Charts ChartList (updated 6-May) ----- Stocks were mixed this past week as the S&P 500 SPDR (SPY) and Nasdaq 100 ETF (QQQ) moved higher, while the Russell 2000 iShares (IWM) and S&P SmallCap iShares (IJR) edged lower. SPY is... READ MORE
The McClellan Oscillator is a breadth indicator that Chartists can use to enhance their analysis of an index. StockCharts carries the McClellan Oscillator for dozens of broad market indexes, but not for the S&P sectors. There is no need to fret because StockCharts users can create the McClellan... READ MORE
... Weight of the Evidence for Stocks .... New Lows are Ticking Up in Large-caps and Mid-caps .... %Above 200-day Holds Strong for SPX and NDX .... Stocks and Bonds Rise Together .... Flags Take Shape in IEF and TLT .... S&P 500 SPDR Holds Breakout .... IJR Tests its Breakout .... QQQ Hits Another New... READ MORE
.... Sell in June to Avoid a Swoon .... Testing the Best Six Months Strategy .... A Twenty Year Testing Period .... Best versus Worst Six Months .... Four Months Stand out on Seasonality Chart .... Testing the Strongest Eight Months .... Seasonality Plus Timing Improves Returns .... Conclusions .... Testing the Best Six Months Strategy Seasonal patterns are... READ MORE
Hartford (HIG) is a big insurance concern and part of the Insurance SPDR (KIE), which is one of the best performing industry group ETFs over the last six months. The stock surged from late August to mid November and continued higher at a slower pace from January to March, hitting... READ MORE
.... XME - A Mere Correction or More? (plus COPX) .... Steel Stocks Dominate XME .... HACK and IGN Perk Up within Technology .... Vanguard Finance ETF Stalls after Gap .... Respect for Bank Analyst Dick Bové (plus GS) .... Think you Really Know what Drives a Stock?.... XME - A Mere Correction or More? (plus... READ MORE
Regeneron has gone nowhere since February 2016, but recent volume bars suggest that this may be a massive base. The stock surged off the 325 area with big volume in November. After falling back into January, the stock held above the October low and turned up the last 14 weeks.... READ MORE
----- Video Link ----- Art's Charts ChartList (updated 29-Apr) ----- Stocks followed through this past week with further gains, but small-caps took a hit on Friday and underperformed for the week. Friday's hit was not enough to overshadow the breakouts in the S&P 500... READ MORE
.... Weekly Market Review & Outlook .... High-Low Percent Follow Through .... MDY and SPY Follow Through .... Large Techs and Small Caps Lead .... Sector Balance is Clearly Bullish .... Percent above 200-day EMA Reflects Broad Strength .... XLK, XLY, XLI and XLB Lead with New Highs .... Equal-weight and Small-cap Healthcare Lead .... Biotech ETFs End Corrections... READ MORE
.... ChartCon Momentum-Rotation Update .... What can we learn from this? .... Comparing with the Momentum-Driven ETFs .... Comparing Performance with PerfCharts .... Ranking Performance with the Summary View .... Measuring Relative Performance with RRGs .... Performance Since Bull Run Began .... Measuring Rolling Performance .... Volatility Can Hurt Momentum .... Today I am going to look at some momentum-style... READ MORE
Even though Vodafone remains in a long-term downtrend, the stock has been on my watch-list recently because it could be putting in bottom. Analysis of Vodafone and other ADRs is not straight-forward because there is a currency component. Usually, the movement of the stock is more than enough to compensate... READ MORE
.... Small-cap ETF Closes above Chandelier Exit .... New Highs Expand within Tech and Industrials .... Tech Stocks and ETFs Dominate New High List .... Agribusiness ETF Gets a Wedge Breakout .... Chinese Stocks Remain Subdued .... Stocks to Watch: HBAN, JBHT, CA, PFPT, NKE, WBC .... IJR Closes above Chandelier Exit With a big surge in... READ MORE
The Eurotop 100 Index surged over 2% and hit a new high to affirm its current uptrend, which began with the breakout and golden cross in early December. The index established support around 2900 over the last two months and this is the first area to watch going forward. A... READ MORE
----- Video Link ----- Art's Charts ChartList (updated 22-Apr) ----- This video is a companion to the written commentary, which was posted on Friday. Small-caps and mid-caps led a market rebound this past week and we even saw a breadth improvement. This is an encouraging spark, but the... READ MORE
.... Weekly Market Review & Outlook .... Economically Sensitive Groups Take the Lead .... Small-caps Get a Breadth Thrust .... New Highs Hit 4-week High .... IJR and MDY Lead Bounce .... More Consolidation than Correction for SPY .... QQQ Continues to Lead .... Ranking the Sectors for the Four Day Surge .... Sector SPDRs Still Tilting Bullish .... EW... READ MORE
.... High-Beta/Low-Vol Ratio Reflects Risk Environment .... Risk Ratios Stabilize within Downtrends .... Stock:Bond Ratio Turns Down .... High Yield Bond SPDR Could be Vulnerable .... Internet, Software and Cloud-Computing Hold Up .... Gold Miners ETF Underperforms Gold .... High-Beta/Low-Vol Ratio Reflects Risk Environment There are a number of ways to measure the risk... READ MORE
It has been a rough year for small-caps because the Russell 2000 iShares is up just 1.34% year-to-date and severely trailing the S&P 500 SPDR, which is up around 5.5%. Chartists looking for clues of a small-cap revival may want to watch E-Trade Financial (ETFC) and... READ MORE
.... SPY Remains with Bearish Bollinger Band Signal .... QQQ Counters with Bullish Band Signal .... GOOGL Springs to Life - Plus FB, AMZN, AAPL, MSFT .... A Year of Frustration for IJR .... Airlines Remain Strong Overall .... Stocks: CTRL, FEYE, SQ, TDC, MDT and MRK .... The major stock indices are downright boring right now... READ MORE
The Industrials SPDR (XLI) is at an interesting juncture because the long-term trend is up and it is testing the January breakout. After hitting a 52-week high in February, the ETF fell back to the breakout zone in the 63.50 area and firmed with a long white candlestick four... READ MORE
Most of us are aware of the tracking error between oil and the US Oil Fund. There is indeed a tracking error, but a few charts reveal that this tracking error is subject to fluctuations and can even remain stable for extended periods. Today I will show how to measure... READ MORE
----- Video Link ----- Art's Charts ChartList (updated 14-Apr) ----- Note that the Art's Charts ChartList has been updated with 30 annotated charts covering the industry group ETFs. Not all of these charts are covered in the written commentary. See the video timeline (above) for details.... READ MORE
.... Applying Standard Deviation and BandWidth to the VIX .... Trade XIV Instead of SPY .... Combining Technicals and Fundamentals .... Monthly MACD for Long-term Trend .... Charting the Fear & Greed Index .... Machines Dominate the Bond Market .... I will post the Weekly Market Review & Outlook on Friday with a video. Instead of the... READ MORE
The Utilities SPDR (XLU) surged as the S&P 500 fell below its 50-day SMA on Wednesday. Overall, notice that the 50-day EMA crossed the 200-day EMA in mid December and the ETF hit a 52-week high in late March. XLU is the strongest of the nine sectors since... READ MORE
.... Alphabet Lags within the Fab Five .... Banks Hold Support, but Fail to Follow Through on Reversal .... UAL Bounces on Seemingly Bad News .... Celgene and Illumina Lead Biotechs (XBI) .... Measured Move Target for NVDA .... QQQ remains one of the strongest major index ETFs because four of the five top stocks hit... READ MORE
It has been a rough year for General Electric (GE) because the stock is down around 4% and underperforming the S&P 500 SPDR (SPY), which is up around 6% this year. Despite relative weakness, momentum is improving as MACD edges into positive territory and the stock is bouncing... READ MORE
.... Broad Market Breadth Remains Weak .... SPY Stalls within Pullback .... Bearish Failure Swing forms in QQQ .... IJR Tests Consolidation Lows .... Tech, Discretionary and Staples Hold Up .... Utilities and Materials Stay Strong .... Finance, Industrials and Healthcare Correct .... XLE Attempts a Channel Breakout (plus XOM) .... Oil Holds Uptrend with Surge .... TLT Challenges Consolidation... READ MORE
.... Universe and Trend Filter .... Bollinger Band Setup Code .... StockRSI Trigger Code .... Rate-of-Change Sort Code .... Scan Code in Full .... TTM Technologies Setup and Signal .... Conclusions and Suggestions .... Scan Code for Bollinger Band Squeeze This article will focus on the scan code for last week's System Trader article featuring the... READ MORE
.... Still in Corrective Mode .... Newmont Mining Stalls with Pennant .... Surge in TLT and Bounce in the Dollar Baffles Gold .... Watch Baker Hughes and ExxonMobil for Clues on Energy Stocks .... Kellogg and Monster Turn Lower within Downtrends .... Pfizer and Thermo Fisher Correct after Surge .... Still in Corrective Mode I have a... READ MORE
The Russell 2000 surged last week and this bounce gives chartists a clear level to watch going forward. The chart below shows the small-cap index surging from early November to early December and then stalling between 1330 and 1390 for nine weeks. The index exceeded the early December high and... READ MORE
.... WTI and Brent Battle the $50 Level .... Gasoline Looks Poised to Continue Uptrend .... Industrial Metals Remain in Uptrends .... Silver Surges off Breakout Zone .... Two Emerging Market ETFs in Asia .... New Zealand ETF Bounces off Breakout Zone .... Colombia ETF Breaks Out of Flag .... I am going to mix it up a... READ MORE
The Stochastic Oscillator is best known as a momentum indicator, but a careful look at the formula reveals that it can also be used to measure trend strength. As noted in a previous article on MACD, it is imperative that chartists fully understand an indicator to get the most out... READ MORE
.... Is One Week of Risk-On Enough? .... Breadth Underwhelms on latest Surge .... SPY Remains in Corrective Mode .... IJR Gets a Mini-Breakout within a Consolidation .... Another New High for QQQ, but.., .... Five Sectors Still Holding Up .... Finance and Regional Bank ETFs Reverse .... Watch TLT and the 10-yr Yield for Clues .... Watch GE... READ MORE
..... A Bollinger Band Squeeze System .... Trend Filters and Trading Signals .... JPM with a Winner and a Loser .... XOM with Two Losing Trades .... System Ground Rules .... Backtest Results for S&P 1500 .... Conclusions - Caveat Emptor! .... A Bollinger Band Squeeze System Today we are going to look at a system... READ MORE
.... SPY Remains the Key Yardstick .... Using the 50-day SMA to Compare Charts .... IJR Attempts another Oversold Bounce .... Banking Stocks Hit Support Zones (BAC, C, JPM, WFC, STT) .... Watch TLT and $TNX for Clues on XLF .... Technology is Still the Strongest Sector (MSFT, NVDA, QLYS) .... SPY Remains the Key Yardstick Stocks... READ MORE
Small-caps are still leading the market since early November, but they are lagging in 2017 as year-to-date performance turned negative. The PerfChart below shows year-to-date performance for seven major stock indexes. The Nasdaq 100 is up around 10% and leading the pack by a wide margin. The Dow Industrials, S&... READ MORE