The Oil & Gas Equipment & Services SPDR (XES) surged to 52-week highs in November and early December. It is clear after this surge that the bigger trend is up. First, the 40-week Slope turned positive in late July and remains positive. Second, the ETF broke out of a large... READ MORE
Weekly Performance Review There was a lot of pushing and shoving in the markets this week. Stocks started the week with a modest move lower and finished the week with a modest move higher. The end result was a .16% gain for the S&P 500 SPDR. The 20+... READ MORE
New highs are a sign of underlying strength and chartists can measure this indicator using High-Low Percent. In particular, I like to rank the nine sectors by High-Low Percent or a moving average of High-Low Percent. Note that High-Low Percent equals new highs less new lows divided by total issues.... READ MORE
Blame Small-Caps for Mixed Up Market .... A Big Surprise for the 3rd Leading Sector .... Breadth Indicators Trigger for Healthcare Sector .... XLV Moves back above Long-term Moving Averages .... Biotech ETFs Spring Back to Life .... Emerging Markets ETF Nears 52-week High .... ChartList Update (16 stocks) .... Food for Thought .... //// .... Blame Small-Caps for Mixed... READ MORE
Waters Corp (WAT) was hit hard with a double-digit decline in October, but the stock ultimately firmed in November-December and turned up in 2017. Waters Corp is in the top 20% of S&P 500 stocks for year-to-date gain. The chart also looks rather promising. Even though the October... READ MORE
----- Webinar Video ----- Art's Charts ChartList ----- S&P 500 Extends Volatility Contraction .... The Next Bullish Setup for SPY .... IJR Fails to Hold Flag Break .... Housing ETFs Take a Hit, but Breakouts Remain .... Retail ETF Bucks the Selling Pressure .... Airline ETF Fails to Hold Breakout .... iShares... READ MORE
The Hang Seng Composite ($HSI) is having a good year with a 6% gain year-to-date. The weekly chart also looks bullish because the big trend is up and a correction just ended. First, the index broke resistance with a sharp advance from late June to early September. Second, the index... READ MORE
This is a companion video to the written Weekly Market Review & Outlook. After starting with an overview of the weekly standouts, I also look into the components for the Cyber Security ETF (06:50 mark), scanning for High-Low Percent (18:00 mark) and a table ranking the Bullish Percent... READ MORE
.... Weekly Market Review & Outlook .... Breadth Remains Bullish, But Lags Price Action .... SPY Notches another New High .... Sizing up a Potential Correction .... QQQ Continues to Lead on the Charts .... Small-caps Join the Party with Flag Breakout .... Four Sectors Stand Out (XLK, XLI, XLB, XLF) .... Materials Sector Extends Breakout .... Energy Sports... READ MORE
Small-caps Surge, but Mid-caps Lead Year-to-date .... IJR Breaks Flag Resistance .... SPY and QQQ Hit New Highs .... 14 Stocks Added to ChartList .... Food for Thought.... //// .... I will start with the S&P SmallCap iShares (IJR) because it led the bounce over the last two days. The PerfChart shows the eight... READ MORE
Baidu (BIDU) has gone nowhere for a year as a large triangle pattern formed on the weekly chart. There are, however, signs of support and a short-term bullish pattern is emerging on the daily chart. First, the weekly chart shows a triangle that extends from around 120 to 218 at... READ MORE
Webinar Video ..... QQQ Continues to Lead as SPY Extends Stall .... IJR Corrects with Bull Flag .... Indicators and Settings .... Housing ETFs Remain in Corrective Mode .... Retail ETF continues to Underwhelm .... Tech Related ETFs Remain Strong .... Comparing RSI(5) and RSI(10) with IGN .... Finance Related ETFs are Correcting .... RSI Enters Oversold... READ MORE
In what could be a good sign for housing and the economy, Home Depot (HD) exceeded its summer highs and hit a 52-week high. Home Depot is an interesting company because can be considered part of the housing industry and the retail industry. These two industries are very important to... READ MORE
This is a companion video to go with the full written commentary (here). I will start out with a review of the weekly performers using the summary format on a ChartList. I will then move into the major index ETFs with special attention to SPY. I will also discuss the... READ MORE
One would normally not consider Facebook, Alphabet, Apple, Amazon and Microsoft boring. Well, maybe Microsoft. All joking aside, these tech titans are the biggest stocks in the Nasdaq 100 ETF (QQQ) and they account for around 40% of the ETF. This means traders or investors in QQQ best follow these... READ MORE
Weekly Market Review & Outlook .... All Time Highs Affirm Bull Market .... QQQ Continues to Lead on the Charts .... Small-caps Extend Stall .... Eight of Nine Sectors have Golden Crosses .... Tech, Industrials and Consumer Discretionary Lead .... Finance Breaks mid December low .... Energy Sports a Bullish Wedge .... Staples and Utilities Hit Potential Reversal... READ MORE
Broad Market Breadth Corrects During Consolidation .... Still Far from Bearish Breadth Signals .... New Highs Shrink, but New Lows have yet to Appear .... Over 70% of Stocks remain above 200-day EMAs .... Identifying Pullbacks with %Above 20-day EMA .... //// .... The S&P 500 consolidated with a trading range the last five weeks... READ MORE
BroadCom (AVGO) is showing upside leadership again with a flag breakout last week and a 2% surge today. Overall, the stock advanced to a 52-week high in August and then embarked on a long consolidation. A large symmetrical triangle formed as the stock traded flat from September to early December.... READ MORE
Small-caps Pull back after Big Surge .... SPY Stalls Near 52-week High .... QQQ and its Top Components Lead .... Five Sectors within 2% of 52-week Highs .... Consumer Discretionary and Materials Hold Breakouts .... Finance and Industrials Extend High-Level Consolidations .... Healthcare is the Most Challenging Sector .... Utilities and Staples Remains the Laggards .... //// .... ----Art'... READ MORE
The chart below shows the High-Low Line for the S&P 500, new highs/lows as a histogram, and the S&P 500. Notice that new highs exceeded 50 several times from mid November to mid December. This showed good internal strength because over 10% of stocks in... READ MORE
----- Weekly Recap Video ----- Art's Charts ChartList ----- Weekly Recap Video .... A Pretty Normal Uptrend .... QQQ is Leading the Broader Market .... Small-caps Take a Rest .... Oil Continues to Grind Higher .... Energy SPDR Corrects within Uptrend .... Oil & Gas Equip & Services SPDR Outperforms XLE .... //// .... A Pretty Normal... READ MORE
QQQ Closes near another 52-week High .... Fab Five Holding Strong .... HealthCare SPDR Falls on Huge Volume .... Biotech ETFs Test Breakout Zones .... ITB Still Setting Up Bullish .... Watching MACD for a Reversal in Gold .... A Precarious Bounce for Treasury Bonds ... ChartList Update .... //// .... QQQ closed at the high of the day and... READ MORE
After a big surge from early November to early December, the Russell 2000 iShares (IWM) moved into a tight trading range the last four weeks. Chartists should watch the resolution of this trading range for the next directional clue. The chart shows Bollinger Bands confirming a volatility contraction as the... READ MORE
----- Webinar Video ----- Art's Charts ChartList (updated 10-Jan) ----- QQQ and SPY Get Oversold Bounces .... IJR Fails to Hold Breakout .... Healthcare Leads in 2017 .... Biotechs Lead Healthcare Sector Higher .... Vanguard Financials and Regional Bank SPDR Extend Stall .... Housing and Retail Off to a Rough Start .... //// .... Let'... READ MORE
The Copper ETN (JJC) broke out with a big surge in October-November and then pulled back in December. This pullback looks like a normal correction after a big move and chartists should be alert for a continuation higher. The weekly chart shows JJC and the Copper Continuous Futures Contract ($COPPER)... READ MORE
SystemTrader .... Testing the January Barometer .... Long-term Bullish Bias for Stocks is Clear .... Setting Up the Backtest .... 1950 to 2016 - The Big Test .... 1950 to 1999 - The Gravy Train .... 2000 to 2016 - The Lean Years .... Conclusions.... .... //// ........ Testing the January Barometer Greg Morris' yearend blog post (New Year... READ MORE
I recently saw the new Star Wars movie, Rogue One, and found a way to tie technical analysis to one of the more interesting characters. This happens all of the time because technical analysis is so ingrained in my membrane. Chirrut Îmwe is a blind warrior monk who repeated: "... READ MORE
SPY through the Mean-Reversion Lens .... SPY through the Trend-Breakout Lens .... Small-caps Continue to Lead (IJR and QQQ) .... Five Sector SPDRs Get Oversold Bounces .... Chartlist Update (30 Stocks including the Fab 5) .... //// .... Commentary Video ----- Art's Charts ChartList (updated 5-Jan) ----- SPY through the Mean-Reversion Lens There is a... READ MORE
Monsanto (MON) is in the midst of a tight consolidation and the resolution of this consolidation could trigger a big breakout. Let's first start with the bigger picture. MON surged 36.4% from March to June and then corrected with a large wedge. The low of this wedge... READ MORE
----- Webinar Video ----- Art's Charts ChartList ----- Tides, Waves, Ripples and Charles Dow .... Primary and Secondary Trend for SPY .... Using 5-day RSI for the Minor Trend .... QQQ Becomes Oversold as IJR Stalls .... Bonds are Not the Place to Be Right Now .... Oil Extends Slow Uptrend .... Primary Downtrend... READ MORE
The Nasdaq 100 ETF and S&P 500 SPDR hit new highs in mid December, but Facebook (FB) did not partake in these new highs and remains stuck in a consolidation. Even though relative weakness since late October is negative, the stock remains in a long-term uptrend and we... READ MORE
Rethinking Healthcare .... Breadth Indicators for Healthcare Remain Net Bearish .... Biotech ETFs Extend the Long Stall .... HealthCare Providers ETF Holds Bull Flag .... Medical Devices ETF Firms in Potential Reversal Zone .... Telecoms Surge along with Treasury Yields .... Yield Curve Turns Up .... 2007 Comparison Suggests Room-to-Run for XLF .... Do Dividends Matter? .... Regional Banks... READ MORE
SPY Stalls with 3 Inside Days .... QQQ Stalls after New High .... Four Flags for Four Sector SPDRs .... Housing ETFs Pullback within Uptrend .... A Large Continuation Pattern for HACK .... Metals & Mining SPDR Becomes Oversold .... Webinar Preview .... //// .... SPY Stalls with 3 Inside Days .... The major index ETFs stalled over the last... READ MORE
The HealthCare SPDR (XLV), Consumer Staples SPDR (XLP) and Utilities SPDR (XLU) are lagging the broader market in 2016, but they are now challenging their 200-day moving averages with bounces this month. The chart below shows these three sectors peaking in July-August and moving lower the last four to five... READ MORE
Last week's System Trader article tested a mean reversion system using 5-day RSI for entries and exits. This article will test a system using 5-day RSI for entries and the Chandelier Exit for exits. This is an attempt to trail the stop-loss and ride some winners. This is... READ MORE
Even though the finance, energy and industrials sectors are grabbing most of the headlines these days, the tech sector is doing just fine with the Nasdaq 100 ETF (QQQ), the Nasdaq 100 EW ETF (QQEW), the Technology SPDR (XLK) and the EW Technology ETF (RYT) hitting new highs this week.... READ MORE
Setting the Market Environment with One Chart .... Marking First Support for SPY .... QQQ Breaks out of Consolidation .... Tech Stocks are Still Leading ..... XLV Follows Through on Weekly Hammer .... Biotech ETFs Attempt to Firm .... //// .... I am starting with my most important chart for the stock market. This is my go-to chart... READ MORE
There has been a big change to intraday data for S&P Dow Jones Indices and chartists using volume indicators should take this into consideration. Basically, S&P Dow Jones started using data from the "Consolidated Tape of all recognized U.S. exchanges". This change resulted... READ MORE
----- Webinar Video ----- Art's Charts ChartList ----- SPY Hits Yet Another New High .... QQQ and IJR Remain with Active Signals .... Small-caps Lead Large-caps All the Way Around .... Lagging Sectors Pop and Lead for a Week .... XLV Gaps Up and Breaks Out .... Biotechs Pop and Drop .... TASR and... READ MORE
As a percentage of total issues, small-caps are churning out more new highs than large-caps and leading the market. The chart below shows new highs (green) and new lows (red) for the S&P 500, S&P MidCap 400 and S&P Small-Cap 600 over the last... READ MORE