----- 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
SystemTrader .... An RSI Mean-Reversion System .... Setting Market Conditions .... System Rules .... Why 5-day RSI and 30/70? .... The Four Backtests .... Key Performance Metrics .... Test Tables: Buy Cross Above/Below 30 and Sell Cross Above/Below 70.... Conclusions - IJR is King .... Further Study .... //// ........ Testing and Tweaking RSI(5) with SPY, QQQ... READ MORE
Equal-weights are Leading Large-caps .... IJR is Greater than IWM .... Supply of Stocks Continues to Shrink .... QQQ Surges within Uptrend .... Trailing the Bull Flag Breakout in IWM .... Charting the Fab Five (FB, AAPL, AMZN, GOOGL, MSFT) .... Leadership from Consumer Discretionary is Very Positive .... Four Homebuilder Stocks to Watch (DHI, KBH, LEN,... READ MORE
Apple (AAPL) reversed its long-term downtrend with a series of breakouts this summer and the stock is currently trading over 20% above its May low. Notice how the stock broke the early June high, the red trend line and the 40-week EMA with a surge in July-August. The 10-week EMA... READ MORE
----- Webinar Video ----- Art's Charts ChartList ----- Slow Down Time for XLF, XLI, and KRE? .... XME Target Based on Rising Channel .... Broken Resistance Turns First Support for XES .... EuroTop Index Stalls Near Resistance .... Webinar Preview.... //// .... Slow Down Time for XLF, XLI, and KRE? The Finance SPDR (XLF)... READ MORE
The chart below shows year-to-date price action for the Milan Index ($MIB) and German DAX Index ($DAX). Note that the MIB is down around 22% year-to-date and the DAX is down around 2% since January. In contrast, the S&P 500 is up around 6% so far this year.... READ MORE
An RSI(5) Setup for QQQ .... IWM Corrects with Bull Flag .... Three Sector SPDRs with Short-term Bullish Setups .... Biotechs Hold the Key to Healthcare .... ChartList Update .... QCOM, SYMC, ACN, ATI, AVGO, CHKP, CTRL, AMGN, BMY, MRK, PFE, TASR and XOM .... //// .... An RSI(5) Setup for QQQ QQQ plunged on Wednesday-Thursday... READ MORE
The whole is only as strong as the sum of its parts. Applying this logic to the stock market, the S&P 500 represents the whole and the nine sector SPDRs represent the sum of the parts. Let's see just how strong the parts of the S&... READ MORE
Charting 52-week Highs on SPY .... QQQ Lags, but Chart Remains Bullish .... Downloading Data and Creating User-Defined Indexes .... Small-caps Ripe for Rest, but Still Bullish .... Top Ten Large-caps are Greater than All Small-caps .... The Case for a Grind Higher .... Scanning for Percent Above/Below EMA .... //// .... Charting 52-week Highs on SPY The... READ MORE
SPY is the Last One Standing .... XLF Defies Overbought Readings .... Materials Follows thru on Pennant Breakout .... Bigger Uptrend Overpowers Short-term Dip in XLE .... Adjusting RSI for Trend Identification .... Healthcare Remains Under Pressure .... //// .... SPY is the Last One Standing Modest selling pressure over the last three days triggered Chandelier Exits in... READ MORE
Celgene (CELG) showed bullish price action throughout 2016 and recently formed a bullish pennant that could set up an even more bullish 2017. Let's work from left to right on this chart starting with the big base that looks like a double bottom. CELG broke the "thick&... READ MORE
----- Webinar Video ----- Art's Charts ChartList ----- Staples and Utilities Bounce During Pullback .... Marking First Support for SPY and IWM .... QQQ Nears September-October Highs .... Charting the Fab Five: AAPL, GOOGL, MSFT, FB and AMZN .... Oil Turns Volatile ahead of OPEC Meeting (USO, XLE, XES) .... //// .... Staples and Utilities... READ MORE
Even though its bell-weather status diminished over the years, IBM is still a big blue chip stock and remains a titan in the technology sector. Thus, a 52-week high in IBM bodes well for the market overall and the tech sector. The chart below shows IBM surging with the market... READ MORE
Small-caps, Finance and Industrials Lead (sector PerfChart) .... The Overbought Progression (IWM, SPY, QQQ) .... Biotechs Recover to Keep Pullback Patterns in Play (XBI, IBB, XLV) .... Six of Nine Sectors with Active Golden Crosses .... New High Parade Shows Broad Strength (sector and industry group ETFs) .... ChartList Update (CHKP, INVN, RHT, SQ, AMGN,... READ MORE
The Energy SPDR (XLE) hit a new 52-week high this week, but its largest component, Exxon Mobil (XOM) remains well below its summer high and is not participating. The second biggest component, Chevron (CVX), is leading the charge with a 6+ percent advance in November and a 52-week high. Note... READ MORE
-----Webinar Video ----- Art's Charts ChartList ----- New Highs for Key Breadth Indicators .... Trailing with the Chandelier Exit .... QQQ Joins the Overbought Ranks .... Finance, Industrials and Energy .... Lead New High List .... XLK Becomes Overbought .... XLB Breaks out of Pennant .... XLV Corrects after Island Reversal .... REM Breaks Continuation Pattern... READ MORE
Despite relative weakness the last few weeks, XLK remains in a clear uptrend and shows no signs of weakness on the price chart. First, note that XLK recorded 52-week highs throughout 2016 and is currently less than 2% from a new high. Second, XLK held the September low when the... READ MORE
Near-by Futures, Continuous Futures and ETFs .... December Crude Shows Signs of a Reversal .... Brent Crude is Holding up Better .... Upside Targets for Light Crude and Bren .... Energy Breadth Still Bullish Overall .... XLE Extends Choppy Uptrend .... XES Surges toward Range Resistance .... Symbols for Futures Contracts .... //// .... Today's commentary will dissect... READ MORE
The market began its move to riskier assets in July and this move simply accelerated over the last two weeks. The chart below shows stocks (risk assets) bottoming in late June and Treasury bonds (safe-haven assets) peaking in early July. The S&P 500 SPDR (SPY) hit a new... READ MORE
Offensive Sectors Lead Defensive Sectors ..... Consumer Discretionary ETFs Hit New Highs .... Risk Ratios Hit New Highs .... This Week's Articles and ChartList .... Another Bullish Breadth Surge .... Marking Pullback Support for SPY .... Biotech ETFs Hold Gaps .... Medical Devices ETF Bounces off Retracement .... //// .... Offensive Sectors Lead Defensive Sectors .... The market began... READ MORE
Vanguard Financials ETF Hits Channel Trend Line .... Spotting Pullbacks within an Uptrend .... Trading with MACD-Histogram and RSI .... Scan Code for Pullbacks .... Microsoft and Apple Trigger Signals.... //// .... Vanguard Financials ETF Hits Channel Trend Line Many stocks and ETFs surged over the last two weeks and became short-term overbought. Keep in mind... READ MORE