The price relative, or ratio chart, is handy for measuring relative performance, but it does not always reflect the trend for the underlying securities. For those unfamiliar, the RSP:SPY ratio measures the performance of the EW S&P 500 ETF (RSP) relative to the S&P 500... READ MORE
.... Large-caps Continue to Lead .... An Ugly Price Relative, but a Nice Uptrend .... SPY and QQQ Stall Near All Time Highs .... Small-caps: We Seen this Movie Before .... Utes Outperform Bonds and Regionals Lag Badly .... XLF Rises as 10-yr T-Yield Falls - KRE Lags .... XLI Breaks Flag Resistance .... XLP... READ MORE
---- Reworking the Momentum-Rotation Strategy ---- Setting the Benchmark ---- System Ground Rules ---- Four Extra Filters ---- Consulting, Software and Data ---- Charts with Trading Signals ---- Rate-of-Change Ranking Results ---- Testing a Trailing Stop ---- Conclusions and Caveat Emptor ---- Scan Code ---- Reworking the Momentum-Rotation Strategy I presented a momentum-rotation trading strategy at... READ MORE
FireEye reported earnings on Tuesday and surged on Wednesday morning with a strong open. The stock is trading well below the open now, but I wanted to highlight the bigger patterns at work. First, the long-term trend is up because the stock is above the 200-day EMA and... READ MORE
.... Oil Could Hit Resistance Soon .... Oil & Gas Equipment & Services SPDR Lags Crude .... Chevron Leads as ExxonMobil Lags .... Goldman Finds Support as Schwab Turns Up .... Loews and Travellers Lead Insurance Industry .... Bristol Meyers Fills Gap with Big Move .... Oil Could Hit Resistance Soon The rally in crude could run... READ MORE
Chevron appears to be ending its correction and resuming its bigger uptrend with a five-day surge and breakout. The stock surged to a 52-week high in December and then retraced 61.8% of the prior advance with a decline into April. The decline basically ended in April because... READ MORE
.... Market Breadth is Bullish Enough .... New Highs Still Outpacing New Lows .... SPY Notches another New High .... Equal-weights Keep Pace on the Chart .... QQQ Surges to New High .... Majority of Sectors Confirm New Highs .... XLY and XLK Lead Recent Surge .... Regional Banks Weigh on Finance Sector .... 10-yr T-Yield... READ MORE
.... Steady Uptrends for Six Homebuilder Stocks .... Flags, Throwbacks and Diamonds (plus DHI) .... Several Asia Markets Hit New Highs .... Philippines, Malaysia and Indonesia ETFs Turn Up .... Steady Uptrends for Six Homebuilder Stocks CandleGlance charts are great for comparing price charts of related stocks. Chartists can enter up to 12 symbols in... READ MORE
Biotech stocks are leading the market with the Biotech iShares (IBB) and Biotech SPDR (XBI) hitting 52-week highs this week. Even though Illumina (ILMN) is lagging its benchmarks a bit, it is firming at support and could be poised to end its correction. The chart shows ILMN advancing from... READ MORE
.... Long-term Uptrends Resume (SPY) .... Back in the Saddle without News .... Are Rates Turning Up and Bonds Turning Down? ($TNX, TLT, IEF) .... Regional Banks Surge (plus USB, FITB, ZION) .... Vulcan Materials and Martin Marietta Turn Up .... Long-term Uptrends Resume (SPY) Stocks resumed their long-term uptrends with solid advances... READ MORE
.... Evidence for Market Correction Builds .... Seasonality for Stocks versus Bonds .... High-Low Percent Turns Negative .... Selling Pressure Ticks Up .... Correction Could be Starting for SPY .... QQQ Extends Correction .... Small-caps Continue to Struggle .... Five of Nine Sectors in Corrective Mode .... XLY and XLK Lead Correction .... Staples and Utilities Fall Hard... READ MORE
.... Home Builders Continue to March Higher .... Customize your CandleGlance Charts .... Caesarstone and USG May Play Catchup .... High and Tight Flags for Two Biotechs (AMGN, GILD) .... 3 Cyber Security Stocks (PANW, FTNT, PFPT) .... Three Charts for the Road (DOX, WEN, VLKAY) The Home Construction iShares (ITB) is one of the strongest... READ MORE
Goldman Sachs (GS) appears to be ending its correction as it bounces off the rising 200-day moving average. The chart shows GS hitting a 52-week high in March and then declining into June. I consider this a correction because the stock was entitled to a pullback after a... READ MORE
The Energy SPDR (XLE) continues to firm after an extended decline and RSI could trigger a bullish signal this week. On the price chart, XLE shows signs of stabilization with an outside reversal five weeks ago and an inside week last week. Notice that XLE is firming near support from... READ MORE
The chart below shows the seasonal tendency for the S&P 500 over the last twenty years (1998 to 2017). The number at the top of each bar shows the percentage of months the S&P 500 advanced for that particular month, while the number at the bottom... READ MORE
.... Weekly Market Review & Outlook .... SPY has Yet to Start a Correction .... Small-caps Continue to Drift Higher .... QQQ Forms Second Big Engulfing Pattern .... S&P 500 Enters Weakest 3-month Stretch .... So Does 10-yr Yield! .... 10-yr T-Yield Bounces within Downtrend .... TLT Forms Big Bearish Engulfing,... READ MORE
.... The Great Rate Debate .... Correlations Do Not Reflect Magnitude .... BB&T Takes Two Steps Forward and One Step Backward .... Fifth Third, Huntington and PNC Financial .... Three Steel Stocks on the Move .... The Great Rate Debate Are yields rising, falling or flat? This depends, as always, on your timeframe. Chartists... READ MORE
Dentsply International (XRAY) has a large cup-with-handle pattern forming over the last twelve months and the stock is on the verge of breaking rim resistance. Popularized by William O'Neil of Investors Business Daily, the cup-with-handle is a bullish continuation pattern. This means it forms... READ MORE
.... QQQ and Facebook hit with Dark Clouds .... Alphabet and Amazon Form Engulfing Patterns .... AMAT Forms Bearish Pennant .... A Feeble Bounce for Apple .... Etrade and Schwab Stall after Breakouts .... Citigroup Leads, but JP Morgan Shows Short-term Strength .... Cypress Forms Engulfing within Correction .... There were quite a few bearish candlestick patterns... READ MORE
HCA Healthcare (HCA) is turning up at a key level and showing signs that the long-term uptrend is resuming. HCA is in a long-term uptrend because it broke out in January and recorded a 52-week high. This breakout zone turned into support around 82 as the stock... READ MORE
.... SPY Breaks out of Flag Pattern .... QQQ Holds the Gap as IJR Forms Bull Flag .... Industrials and Healthcare Lead with New Highs .... Tech, Discretionary and Finance Lag a Bit .... First Supports for Materials, Staples and Utilities .... Energy - Enough Said .... Tech ETF Bounce from Oversold Levels .... Insurance and Regional Banks Fall... READ MORE
.... Vodafone in Dollars vs Pounds .... Index versus ETF versus Currency .... Emerging Markets ETF Hits Top of Channel .... Poland ETF Stalls within Uptrend .... China A-Shares ETF Breaks Out .... Italy and Spain Consolidate Gains .... Vodafone in Dollars vs Pounds Today I will take a look at some international ETFs. Before looking... READ MORE
Despite a strong stock market in 2017, AT&T ($T) is having a tough time with a breakdown in early May and a sharp decline below the 200-day SMA. The stock rebounded after a double-digit decline with a bounce back to the 200-day SMA, which is... READ MORE
.... Big Techs Regain their Mojo .... Finance, Healthcare, Industrials and Materials Lead .... Short-term Yields Diverge from Long-term Yields .... Bank ETFs Stall after Breakouts .... Two Big Pharma Stocks: BMY and MRK .... 3 Hospital Stocks: HCA, LPNT, THC .... Four Networking Stocks: ARRS, CIEN, CSCO, FNSR .... XRX Breaks Out, FEYE Forms Flag... READ MORE
The Biotech SPDR (XBI) is starting to lead the market again with a consolidation breakout and 52-week high. The chart shows the ETF hitting an initial 52-week high in February and then consolidating for four months. It looks like this consolidation is ending and the bigger uptrend is... READ MORE
The bar was 61.8 inches off the floor, but Leondardo still did not see it. All (bad) joking aside, I would like to look at corrections through the eyes of Charles Dow and Leonardo Fibonacci. These two may seem miles apart at first glance, but the numbers suggest otherwise.... READ MORE
* New Highs in Six Major index ETFs * Index AD Lines Hit New Highs * Mid-cap and Small-cap AD Volume Lines Lag * SPY Forms High Flag as QQQ Tests Support * IJR Leads for Four Weeks * Finance and Materials Lead New High List * Finance and Regional Bank SPDRs Hold Breakouts * Chemicals... READ MORE
.... Does the VIX Add Any Value? .... Setting the Benchmark .... System Ground Rules .... Consulting, Software and Data .... Normalizing the VIX with the PPO .... Testing Different PPO Extremes .... Testing with the VIX PPO Histogram .... Conclusions and Caveat Emptor .... Does the VIX Add Any Value? The S&P 500 Volatility Index ($VIX)... READ MORE
Celgene (CELG) is a large biotech stock that is part of the Biotech iShares (IBB) and the Biotech SPDR (XBI). Overall, I would suggest that the long-term trend is up because the stock hit a 52-week high in mid-March and the 50-day EMA is above the... READ MORE
.... QQQ Suffers Biggest Loss since early November .... EW Industrials Sector Nears New High .... Cummins and JetBlue Lead Industrials .... New Highs for EW Materials ETF and Cemex .... CA Forms Out-of-Place Ascending Triangle .... Cypress Semi Falls Back into Correction .... Double Top and Death Cross for F5, but .... Zimmer Biomet Fills... READ MORE
Nucor (NUE) is flat year-to-date and lagging the S&P 500, but the bigger trend is up and short-term momentum is turning up. The bigger trend is up because Nucor surged to a 52-week high in early December and the 10-week EMA remains above... READ MORE
.... Bullish until it Ain't (seasonality) .... SPY Extend Higher .... Small-caps Challenge for Leadership .... Finance Sector Bids to End Correction .... Insurance Leads and Regionals Play Catch Up .... Materials Sector Hits New High .... XME Makes a Bid to End Correction (plus steel) .... Copper and Aluminum Bid to End Corrections .... Four... READ MORE
.... Finding Strong and Persistent Uptrends .... Understanding Your Indicators .... A Simple Trend Following .... Measuring Trend Strength .... Focus on a Failure .... Strong Uptrend Scan Code .... Current State of the Market .... Finding Strong and Persistent Uptrends There are some incredibly strong and persistent uptrends in the market right now and I would like... READ MORE
After struggling the first three months of the year, Vulcan Materials (VMC) is showing signs of life since late March with good upside volume and a breakout in early May. Notice that the stock broke above a resistance zone in the 122-125 area and this zone turns into support.... READ MORE
.... IJR Mean-Reversion Trade Exit .... Gold Rises without the Gold Miners .... Regional Banks Continue to Struggle .... Using an EMA Ribbon to Define the Trend (MA) .... Three Failed Setups (NTAP, STX, BMY) .... Hawaiian Holdings Bounces off Breakout .... Bullish Setups for MLM and CSRA .... A Bearish Setup for IRM .... IJR Mean-Reversion... READ MORE
United Parcel Service (UPS) has been lagging the broader market this year, but may be turning around as it bounces off support and momentum turns up. UPS surged to a 52-week high in December and then retraced 50% with a sharp decline in January. The stock managed to firm... READ MORE
Trading and investing are all about putting the odds in your favor, and chartists can increase their odds with one key assumption: the trend will remain in force until proven otherwise. Coming from the writings of Charles Dow, this assumption means a trend in motion is expected to stay in... READ MORE
.... New Highs Expand in Large-caps and Mid-caps .... EW S&P 500 Reflects Broad Strength .... SPY Hits another New High .... QQQ Extends its "Overbought" Streak .... Small-caps and Mid-caps Perk Up .... New highs in XLY, XLK, XLI, XLV, XLU and XLP .... Good Weekend Stocks Lead... READ MORE
.... Small-caps Bounce Back from the Abyss .... Lots of Winners and Losers Out There .... A Big Chemical Stock Breaking Flag Resistance .... An Industrial Stock Bouncing off Support .... Four Tech Stocks with Small Corrections .... Big Pharma Stocks Perk Up .... Three Miscellaneous Stocks: FBHS, SYY and XRAY.... Small-caps Bounce Back from... READ MORE
The Russian Trading System Index ($RTSI) is struggling this year and down around 6.5% year-to-date. In contrast, the S&P 500 is up over 7% year-to-date and the Eurotop 100 ($EUR) is up around 6.5%. In addition to relative weakness, the index sports... READ MORE