Webinar Video Link .... Art's Charts ChartList Link .... Weighing the Balance of Power for the Market Sectors .... XLY Surges off 200-day EMA .... XLI Could Tilt the Balance of Power .... Falling Wedges for Retail and Housing ETFs .... Software iShares Nears New High .... Staples, Utilities and REITs Tests their 200-day EMAs... READ MORE
The Euro ETF (FXE) formed a large triangle after a sharp decline and this pattern could be just a big rest within a bigger downtrend. After falling some 25% in one year, FXE found support in March 2015 and moved sideways the last 20 months. This sideways pattern looks like... READ MORE
Investors looking to time gold should pay close attention to the 10-yr Treasury yield because these two show a strong negative correlation over the last two years. This means they move in opposite directions. The chart below shows the Gold SPDR (GLD), the 10-yr T-Yield ($TNX) and the 13-week Correlation... READ MORE
Nowhere is not Necessarily Bearish .... Consumer Discretionary Shows Relative Strength .... Five Key Risk Ratios Remain Bullish .... Breadth Indicators Soften During Correction .... Mean-reverting with Breadth Indicators .... SPY Holds Mean-Reversion Bounce .... QQQ Continues to Lead .... IWM Tests Big Support Zone .... //// .... Nowhere is not Necessarily Bearish The S&P 500 has gone... READ MORE
Quantifying the Reaction to Earnings .... Scan Code for Big Movers .... Low Volume and JETS .... Apple Dwarfs the Entire Airline Group .... Using PerfCharts to Compare Airlines Performance .... Using RRGs to Measure Relative Performance for Airlines .... Emerging Markets Continue to Outperform .... //// .... Quantifying the Reaction to Earnings I was trying to get an... READ MORE
QQQ Leads the Big 3 .... SPY Forms Small Wedge .... Finance and Tech Power IWM .... Changing to Vanguard Finance ETF .... Groups Going Off the Radar .... Still Watching Retail and Housing .... Steel Stocks Propel Metals & Mining SPDR .... Airline ETF Gets Two Breakouts .... //// .... QQQ Leads the Big 3 QQQ continues to lead... READ MORE
The FirstTrust Natural Gas ETF (FCG) has been one of the top performing ETFs this year with a year-to-date gain of around 18%. As the chart below shows, the overall trend is clearly up and the ETF is forming a small bullish continuation pattern. First, a rising channel defines the... READ MORE
Three Sector Breaks Remain in Play .... The Three Big Laggards - XLV XLP XLU .... Tech, Finance and Energy Continue to Lead .... RRG Reflects Current Sector Rotations .... NatGas Continues to Lead Oil .... Webinar Video .... //// .... Click here for the webinar video. The nine sector SPDRs can be divided into three groups right... READ MORE
The consumer discretionary sector is one of the weakest performing sectors over the last six months, but the overall chart looks constructive and I am watching the October highs for a breakout. Note that I am analyzing the Equal-weight Consumer Discretionary ETF (RCD) because it tells us how the "... READ MORE
SPY Holds Triangle Break .... Testing the Mean-Reversion Strategy with IWM and QQQ .... IWM Gaps towards Big Support Zone .... QQQ Remains with Active RSI Signal .... Do Stops Matter? .... Consumer Discretionary Sector Teeters .... Sector Trend and Breadth Table .... //// .... SPY Holds Triangle Break I covered the major stock indexes and broad market breadth... READ MORE
A Negative Week, but a Positive Year .... Broader Market is Seriously Mixed .... S&P 500 Stalls above its Breakout Zone .... Small-caps and Mid-caps Sport Corrective Patterns .... Breadth Indicators Can Foreshadow Significant Changes .... Large-cap Breadth Remains Bullish .... Weight of the Evidence Table.... //// .... A Negative Week, but a Positive Year It... READ MORE
The broader market is incredibly mixed over the last three months. Even though performance divergences reflect a divided market, the major index ETFs are holding above their June highs and I view this as a correction within an uptrend. The PerfChart below shows eight major index ETFs with four up... READ MORE
Using Breadth to Determine a Long-term Bias .... Short-term Breadth Indicators Become Oversold .... The 800-pound Gorilla in the Room .... Six of Nine Sectors Remain with Long-term Bullish Signals .... Revisiting the RSI Mean-Reversion System for SPY .... SPY Breaks Triangle Trend Line .... Further Study .... //// .... Using Breadth to Determine a Long-term Bias My long-term... READ MORE
The Dow Industrials remains locked in a trading range since the 11-Sept breakdown and chartists should watch this range for the next directional clue. The chart shows the Bollinger Bands in pink and the indicator window shows BandWidth. A move below 2 shows a significant narrowing of the bands and... READ MORE
As with the S&P 500, the Eurotop 100 ($EUR) has gone nowhere since mid July and I am focused on the recent range for the first directional clues. Trading is quite choppy within the range and it remains anyone's guess what will happen within this range.... READ MORE
Is Stalling Bullish or Bearish? .... Key Risk Indicators Remain Net Bullish .... Technology, Finance and Energy Lead .... Consumer Discretionary Groups Lag Long-term, But Lead Short-term .... Retail SPDR Attempts Breakout, But Housing Breaks Down .... //// .... Is Stalling Bullish or Bearish? Stocks started their stall in mid July and continued that stall into early... READ MORE
The rise in Treasury yields and bullish fourth quarter provide a strong tail-wind for banking stocks as we head into year-end. After experiencing a wicked whipsaw in June from the Brexit vote, the Regional Bank SPDR (KRE) surged in early July and resumed an uptrend that began with the February... READ MORE
Introduction .... Background for the Best Six Month Strategy .... Seasonal Patterns Don't Always Work .... Testing the Classic Six-Month Cycle .... Tweaking the Cycle to Account for Seasonality .... Add Market Timing with weekly MACD .... SPY, MACD and Seasonality Now .... Tough to Beat EMA Crossover System .... Final Thoughts as Q4 Hits .... //// .... Introduction... READ MORE
Aroon Indicators Crash on SPY Chart .... IWM and QQQ Continue to Outperform .... Financials, Utilities and the 10-yr Yield .... Short-term Yields Rising Faster than Long-term Yields .... Plotting, Analyzing and Scanning with Bollinger Bands .... ChartList Update .... //// .... The S&P 500 SPDR (SPY) moved back above 215 on Wednesday, but remains range... READ MORE
Banking stocks are leading the market on Wednesday and JP Morgan is leading the sector as one of the first of the big banks to hit a new high. I featured the Regional Bank SPDR (KRE) and the Bank SPDR (KBE) in ChartWatchers this weekend and JPM has the same... READ MORE
September was Dull .... October has a History .... Shifting the Seasonality Chart for Two Views .... The VIX versus the Volatility ETNs .... Webinar Video .... //// .... Click here for the Webinar Video September was Dull October is here and the consensus is for a volatile month. I can certainly understand the reasoning because historical... READ MORE
Broad Market Breadth Remains Bullish .... SPY Holds above Resistance Break .... 7-10 YR T-Bond ETF Fails to Hold Gains .... Oil Breaks a Wedge .... A Couple Dozen Charts to Watch .... //// .... Broad market breadth turned bullish in March and will remain bullish until there is a bearish signal. I use breadth indicators for... READ MORE
The S&P 500 broke above a big resistance zone with the July surge and this breakout should be considered bullish until proven otherwise. Classic technical analysis teaches us that broken resistance turns into the first support level and this is exactly what happened in September. Notice how the... READ MORE
Deutsche Bank dominated the news late in the week, but US banks have been largely unaffected and bullish flags are taking shape in two bank-related ETFs. The charts below show the Bank SPDR (KBE) and the Regional Bank SPDR (KRE) in long-term uptrends. Notice that the 50-day EMAs are above... READ MORE
Are US Stocks Affected by European Financials? .... Five Broad Market Risk Ratios .... Small-caps are Killing It .... Junk Bonds Show No Fear .... A Selling Climax for Deutsche Bank? .... Friday Food for Thought .... //// .... Are US Stocks Affected by European Financials? The Deutsche Bank woes are dominating the news right now and markets... READ MORE
Finance and Tech Power S&P 500 .... Broad Market Stalls .... QQQ and IWM Maintain Upward Drift .... XLI and XLB Bounce with Higher Lows .... XLE Holds Uptrend as XES Challenges Resistance .... Metals & Mining SPDR Extends Breakout .... Art's Charts ChartList Update .... //// .... Finance and Tech Power S&P... READ MORE
McDonalds shareholders are certainly not "lovin it" right now because the stock is in a long-term downtrend and it is one of the worst performing stocks in the Dow Industrials. The chart below shows the 50-day SMA below the 200-day SMA and the stock below the 200-day SMA.... READ MORE
Year-to-date Performance for 3 Key Commodities .... Oil Remains Stuck in Downtrend .... Copper Consolidates with Downtrend .... Gold Stalls above Breakout Zone .... Charts to Watch - XLF, GOOGL, FDN and MSFT .... //// .... Year-to-date Performance for 3 Key Commodities The oil, gold and copper charts could give us some insight into Treasury yields, future... READ MORE
Defining the Uptrends using Benchmark Lows .... Broad Market Breadth Review .... Watch the Stock-Bond Ratio for Clues on Risk Appetite .... %Above 200-day Triggers for Consumer Discretionary Sector .... Technology Sector Shows No Signs of Weakness .... Charts to Watch - XRT, ITB, XSD, KRE, XME, XES and IEF .... The Volatility Calendar .... //// .... Defining the... READ MORE
Long-term Trend Overrides Short-term Weakness .... Percent above 200-day EMA Remains Strong .... SPY Follows Through on Inside Day Reversal .... QQQ Leads as IWM Challenges High .... Housing and Retail are Still Lagging .... Regional Banks Extend Correction .... Treasuries Surge within Corrective Patterns .... //// .... Long-term Trend Overrides Short-term Weakness Stocks fell sharply in early September... READ MORE
The Retail SPDR (XRT) is at its moment-of-truth with a long-term bullish pattern battling a short-term bearish pattern. Long-term, the ETF formed a double bottom and broke resistance with the July surge. This breakout zone turned into support with a successful test in early August. After a sharp decline from... READ MORE
Chartists looking to track the finance sector can turn to the iShares Financials ETF (IYF). Note that the Finance SPDR (XLF) is in the midst of a metamorphosis this week so chartists can consider watching IYF for clues on the finance sector this week. IYF is in a long-term uptrend... READ MORE
There is the tech sector, and then there is the rest of the stock market. It is not that bad, but the tech sector is clearly head and shoulders above the other sectors. This is true with the Technology SPDR (XLK) and the EW Technology ETF (RYT). The first SharpChart... READ MORE
Technology ETFs Establish Key Levels to Watch .... Semis and Networking ETFs Follow Suit .... Cisco Forms a Pair of Inside Days .... A Big Counter-Trend Advance in XLE .... Crude Remains in Long-term Downtrend .... Biotech SPDR Holds its Breakout .... Three Big Biotechs to Watch .... //// .... Technology ETFs Establish Key Levels to Watch The technology... READ MORE
Revisiting the 2013 Taper Tantrum .... Stocks Entitled to a Correction .... Oversold within an Uptrend .... Watching Inside Days in XLY and XLI .... XLE and XES Go their Separate Ways .... Exxon and Chevron Lead XLE Lower .... Radware Breaks Out as Icon Firms .... //// .... Revisiting the 2013 Taper Tantrum Many analysts are comparing the... READ MORE
The chart for TripAdvisor (TRIP) shows bearish patterns on two different timeframes and the stock looks poised for a breakdown. First, note that the long-term trend is down because the 50-day EMA is well below the 200-day EMA. Also notice that the stock hit a 52-week low with the sharp... READ MORE
Webinar Video (here) -- Art's Charts ChartList (here) Gap and Volatility Hold .... Measuring Broad Market Breadth .... Using AD Percent for Early Warning .... New Highs Lag in S&P 500 .... Vast Majority of Stocks Still Trending Up .... Putting it All Together .... Discretionary and Staples Weigh on Sector Table... READ MORE
It is always interesting to find out which stocks advance when the market falls sharply, such as Friday. The S&P 500 was down over 2% with heavy selling pressure, but 11 stocks managed to buck the selling pressure and close higher on Friday. How's that for... READ MORE
Comparing the Current Decline with Prior Events .... Measuring Selling Climaxes .... Just a Pullback or More? .... Three Items Marking Next Support for the S&P 500 .... Putting EMA Crosses to the Test .... Mean Reversion Systems have Positive Expectancy .... //// .... Comparing the Current Decline with Prior Events The major index ETFs broke... READ MORE
Marking Pullback Support for the S&P 500 .... QQQ Stalls as Apple Lags the Fab Five .... Apple Falls on High Volume .... Alphabet and Microsoft Hold above Breakouts .... Amazon and Facebook are the Clear Leaders .... XLY Shows Internal Weakness .... Five Consumer Discretionary Stocks Showing Weakness .... Friday Food for Thought .... //// .... Marking... READ MORE