----- 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
The price relative tells us how a stock is performing relative to a market benchmark, such as the S&P 500. Even though this relative performance indicator is good for measuring relative momentum, it does not always tell the entire story. A stock can show weakness in relative momentum,... READ MORE
----- Video Link ----- Art's Charts ChartList (updated 4-Mar) ----- Weekly Market Review & Outlook 4-Mar-17 Financials, healthcare and energy stocks led the stock market higher this week with the S&P 500 SPDR, Nasdaq 100 ETF and S&P MidCap SPDR hitting new highs. The... READ MORE
.... Introduction .... Review of the Testing Period .... Universe, Timeframe and Data .... Stock Market and Portfolio Benchmark .... Trend-Timing System using the PPO .... Different Faces of Momentum .... Market Filter, Trend Filter and Momentum .... Scanning Code Sample .... Testing Four Momentum Indicators .... Equity Line and Drawdown Chart .... Conclusions Introduction Last week I presented a trend-timing... READ MORE
The EuroTop 100 ($EUR) has further room to run after breaking out of a bullish continuation pattern. The price chart shows the index basing from March until November and then breaking above a major resistance zone in early December. After a 13.1% advance in nine weeks, the index paused... READ MORE
.... Small-caps Hold Breakout, but Still Lag .... A Classic Throwback for Nucor .... Oil Remains Stuck in Consolidation .... Watch the Big Three (XOM, CVX, SLB) for Clues on XLE .... Two Oil Refiner Stocks (MPC, VLO) .... Four Oil & Gas Equipment and Services Stocks (NE, NOV, RDC, RIG) .... Fibonacci Retracements are Not Science... READ MORE
TJX Companies (TJX), which operates TJ Maxx and Marshalls, recently broke out of a corrective pattern and this argues for a continuation of the bigger uptrend. It has been a rough year for most retail stocks with the Retail SPDR (XRT) down around 1% year-to-date. In contrast, TJX is up... READ MORE
----- Video Link ----- Art's Charts ChartList (updated 25-Feb) ----- Key Sectors and Indexes Hit New Highs The stock marked notched more new highs this week as the major index ETFs hit new highs during the week (SPY, DIA, IWM, IJR, MDY, QQQ). February is shaping up to... READ MORE
.... Introduction .... Testing During Two Bear Markets .... Universe, Timeframe and Data .... Using S&P 500 as a Market Filter .... Trend-Timing System using the PPO .... Scaling into the S&P 500 .... Momentum-Rotation System using Rate-of-Change .... Testing Different Momentum Periods .... Riding the Roller Coaster .... Conclusions .... Scan Code Introduction I presented a... READ MORE
The 20+ YR T-Bond ETF (TLT) is consolidating within a long-term downtrend and this favors a bearish resolution to the current pattern. TLT fell sharply from July to November and broke through its 40-week EMA. The ETF is currently consolidating below the falling EMA and a consolidation within a downtrend... READ MORE
.... Oil Bounces within Corrective Pattern .... Measuring the Correlation between Oil and Energy ETF .... XLE, XES and XOP Correct Along with Oil .... Focus on Gold for Precious Metals ETFs .... Watching the Wedge and Fib Retracement in Gold .... 14 Bullish Stock Charts .... Oil Bounces within Corrective Pattern I will start off today... READ MORE
----- Video Link ----- Art's Charts ChartList (updated 18-Feb) ----- Programming Note: 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 many of these industry group ETFs in the... READ MORE
Just like potato salad in the fridge, support and resistance levels for the S&P 500 have a shelf life and become stale over time. The value of the S&P 500 is based on the price of its individual component stocks. Support and resistance levels for the... READ MORE
.... Small-caps Join the New High Parade .... Housing and Retail Come to Life .... Equal-Weight Consumer Discretionary Sector Breaks Out .... Five Housing Stocks to Watch (DHI, FBHS, KBH, SKY, TOL) .... Commercial Metals Resumes Bigger Uptrend .... United Airlines Challenges Flag Resistance .... Cornerstone OnDemand Consolidates Above 200-day EMA .... Itron Ends Correction with Breakout .... AbbVie... READ MORE
Walgreens Boots Alliance (WBA) has traded quite choppy over the last 12 months, but I think the bigger trend is up and the recent wedge breakout is bullish. First, notice that WBA broke above a major resistance zone with the November-December surge. This move forged a 52-week high and set... READ MORE
TLT Forms Bearish Continuation Pattern There is not much change in the broad market environment. The long-term trends are up, but SPY and QQQ are looking extended and ripe for a rest. IJR already got its rest and broke out on Friday to end its corrective period. This pits large-caps... READ MORE
Celgene (CELG) has not made much headway the last twelve months, but the overall trend is up and the current consolidation looks like a bullish continuation pattern. Taking a step back, notice that CELG doubled from the April 2014 low to the July 2015 high (~70 to ~140). The stock... READ MORE
----- Video Link ----- Art's Charts ChartList (updated 11-Feb) ----- Banks, Small-caps and the 10-yr Yield Stocks extended their uptrends with the S&P 500, S&P MidCap 400 and Nasdaq 100 hitting new highs this week. The S&P Small-Cap 600 did not hit... READ MORE
---- Introduction ---- Trading Universe and Timeframe ---- Culling the Herd ---- Volatility Filter ---- Minimum Liquidity Filter ---- Minimum Price Filter ---- Maximum Rate-of-Change Filter ---- Setting the Trading Rules ---- Backtest Results ---- Conclusions, Scan Code and FAQ ---- Introduction This System Trader article will introduce and update... READ MORE
Expeditors International of Washington (EXPD), a logistics services provider, is part of the Dow Transports and the Industrials SPDR. The stock caught my eye because it is in a long-term uptrend and recently pulled back to a potential reversal zone. First, the long-term trend is clearly up because the stock... READ MORE
----- Webinar Video ----- Art's Charts ChartList ----- Today I will start out with simple close-only charts for SPY, QQQ and IJR. Close-only charts filter out the intraday noise and gaps that may occur between sessions. These charts show us just how dull the market has been since... READ MORE