.... 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
----- Video Link ----- Art's Charts ChartList (updated 25-Mar) ----- Note that the Art's Charts ChartList has been updated with 30 annotated charts covering the industry group ETFs. The outline above is for the video and I cover these industry group ETFs in the video. See... READ MORE
.... Signs of a Correction Mount .... Broad Market Breadth Deteriorates .... The Art of Fibonacci Applied to SPY .... RSI Breaks below 50 for QQQ .... Mid-caps and Small-caps are Currently Correcting .... Discretionary, Tech and Materials Hold Support .... Staples and Utilities Lead with New Highs .... Finance, Industrials and Healthcare Correct .... Energy Remains the Weakest... READ MORE
.... Filtering out PPO Signals .... MACD versus the Percentage Price Oscillator .... Testing Signal Line Crossovers .... Adding Some Filters to the PPO Signals .... Adding Focus to the Portfolio .... Conclusions - Caveat Emptor! .... This System Trader article is a follow up to my ChartWatchers post on MACD. I will test the Percentage Price... READ MORE
Stocks got hammered on Tuesday with the S&P 500 falling the most this year (1.24%) and breaking below its March low. Even with the seemingly big decline, the index is still just 2.25% from an all time high. Darden Restaurants caught my attention because it did... READ MORE
.... Breadth Indicators Plunge to Extremes .... Finance, Industrials and Tech Get Hit Hard .... SPY has not Done This since October .... Small-cap Correlation Turns Down .... RSI Breaks Key Level for QQQ .... The Bottom Line .... What a difference a day makes - 24 little hours. There is selling pressure and then there is... READ MORE
.... The Fab Five Remain Strong (GOOGL, AAPL, FB, MSFT, AMZN) .... Equinix Looks Set to Continue Uptrend .... Think Market, Sector, Group and Trend First (NVDA) .... A Payment Processor, A Big Data Player and an IoT Leader (PYPL, TDC, XLNX) .... Crown Castle, Zoetis and General Cable Turn Up (CCI, ZTS, BGC) .... Watch... READ MORE
Ford (F) looked as if it was simply consolidating after a sharp surge and breakout, but this consolidation strung out and the stock broke to the downside on Monday. The chart shows Ford breaking above the September high with a surge in November-December. The stock fell back after this breakout... READ MORE
The stock market moved higher again this past week with several sector and industry group ETFs hitting new highs. Four of the five sector SPDRs hit fresh 52-week highs. These include the Technology SPDR, HealthCare SPDR, Consumer Staples SPDR and Consumer Discretionary SPDR. Together, these four sectors account for over... READ MORE
Two Indicators in One Indicators generate lots of signals and many of these signals are just noise. It is imperative that chartists understand how their indicators work and exactly what these indicators are saying. Understanding the ins and outs of an indicator will help chartists determine which signals to take... READ MORE
.... Small-caps versus Finance and Healthcare .... New Highs Lag, but %Above 200-day Holds Up .... Two Gaps Establish First Support for SPY .... QQQ Continues to Lead and IJR Continues to Lag .... Healthcare, Tech and Consumer Discretionary Lead .... New High Milestones for Healthcare and Consumer discretionary .... Industrials and Finance Pull Back .... Breadth Indicators... READ MORE
.... The Airline Group is Tiny, Really Tiny .... Comparing the Airline Index with the Airline ETF .... JETS Hits Oversold Zone .... The Big Three (AAL, DAL, UAL) .... Three Regional Carriers (HA, JBLU, SKYW) .... Where to Find a List of Airline Stocks .... Two More Charts with Bullish Setups (F and AKAM) The Airline... READ MORE
Flags and pennants are continuation patterns, which means their bias depends on the direction of the prior move. A flag or pennant after a surge is a bullish continuation pattern that represents a rest within the uptrend. An upside break signals an end to this consolidation and a resumption of... READ MORE
.... Bond Market Moves Ahead of the Fed .... S&P MidCap SPDR Becomes Short-term Oversold .... Copper ETN Pulls Back within Uptrend .... Valero and Marathon (Refiners) Hold Up within XLE .... Computer Associates, QQQ and New Highs .... FFIV, PFPT and QLYS Bounce within Cyber-Security Group .... Three Biotechs to Watch (CELG, ILMN, REGN)... READ MORE
The cup-with-handle is a bullish continuation pattern that forms as part of a bigger uptrend. There are three parts to this pattern. First, a cup forms as prices correct and rebound to form a "V" or "U" shape. Second, prices hit resistance at the prior high... READ MORE
The image above shows the outline for the StockCharts Outlook webinar. Arthur added some color to the Weekly Market Review & Outlook by going over the each chart and expanding in some areas. Namely, the difference between RSI(5) and RSI(10), the bifurcation in the current market and a... READ MORE
.... Market is Clearly Mixed as Some Groups Correct .... Small-caps and Mid-caps Lead the Correction .... New Highs Dry Up, but New Lows remain Low .... Over 70% of Stocks Still above 200-day EMA .... SPY Fills the Gap as QQQ Stalls at High Level .... IJR Falls Back into Corrective Mode .... Consumer Discretionary Sector... READ MORE
.... Failure for One Trader is Opportunity for Another .... Mean-Reversion Trades and Setups for IJR .... Backtesting Two Short-term Mean-Reversion Strategies .... Completed Trade and Current Setup for MDY .... Testing Five Major index ETFs .... Trading a Portfolio to Reduce Risk .... Equity Curve and Drawdown Chart .... Conclusions Failure for One Trader is Opportunity for... READ MORE
It always piques my interest when a stock bucks the broader market. Note that SPY and QQQ closed lower the last two days and Microsoft (MSFT) closed higher. Even though it is only for two days, this little morsel of relative strength could foreshadow a bullish resolution to the current... READ MORE
.... Small-cap Breadth Deteriorates .... TLT Tests Support and 2-yr Yields Hits 52-week High .... Mind the Gaps in these 4 Bank Stocks .... Where to Check Earnings and News .... 12 Stocks with Bullish Charts .... PCN, CX, NUE, EOG, LNG, GE, ATI, JNPR, AKAM, T, EXPE, CAKE Small-cap Breadth Deteriorates Stocks declined for the,... READ MORE
Intel is not keeping pace with the broader market and chartists should watch the bearish wedge for signs of further weakness. There are two patterns at work on the price chart. First, INTC formed a rising wedge after a sharp decline and this looks like a short-term bearish continuation pattern.... READ MORE