The Finance SPDR (XLF) and big banks led the market surge from late September to early November, but turned into laggards over the last seven weeks. JP Morgan Chase (JPM) personifies big bank performance with a breakout around 64 and a seven-week pullback that is testing this breakout zone. This... READ MORE
Alcoa is showing early signs of relative strength and momentum is improving as the Commodity Channel Index (CCI) breaks into positive territory for the first time since February. 2015 was clearly a rough year as the stock fell over 35% from January to August. The overall trend is down, but... READ MORE
Was it that Bad last Week? // E-mini Continues Battle with 2K // QQQ Holds above Support Zone // Five Reasons for Relative Strength in QQQ // Healthcare Still Holding Up // Biotech iShares Holds Gap // Five Strong Biotechs and One at Support // Best Wishes.... //// Was it that Bad last Week? I will post a... READ MORE
Stocks were hit hard on Thursday and Friday with most closing down sharply. There were a few gainers amongst the carnage and chartists can use the MarketCarpet to find such stocks. First, note that the S&P 500 was down 3.26% on Thursday-Friday and down .34% for the... READ MORE
The S&P 500 Equal-Weight Index ($SPXEW) continues to underperform the market-cap weighted S&P 500 and its downtrend resumed with a break down in mid November. On the price chart, the index broke below its mid November low with a long black candlestick, made an attempt to... READ MORE
S&P 500 equal-weight Holds Break // Nifty 50 Versus the Rest // Major Indices are Net Bearish // Sector Balance Favors the Bears // Finance Weakens after Lower High // Healthcare Holds Up after Lower High // Treasuries Hold Support and Uptrend // Dollar Holds its Breakout // Gold Stalls within Downtrend // Oil Hits Another New... READ MORE
Monday we saw a perfect storm come together for a short-term bounce. The S&P 500 was short-term oversold after a sharp decline, the index was near support from the mid November low and the seasonal patterns turned bullish on the 10th trading day of December. These items were... READ MORE
Introduction and Overview // Important Instructions and Installation // Focus, Diversity and Passivity // ETF Sponsors // ETF Groupings and Numbering // ChartList Viewing Options (Summary, Candles, Carpets) // ChartStyles and Indicators // Final Thoughts and Installation Link // Introduction and Overview The ETF Master ChartPack contains over 300 ETFs sorted in a logical framework to enhance the... READ MORE
December got off to a rough start for the broader market, but several big biotechs bucked the selling pressure and moved higher. The Perfchart below shows December performance for SPY and the nine biggest biotechs in the Biotech iShares (IBB). SPY is down a fraction over this period and this... READ MORE
E-mini Tests 2000 Again // QQQ Holding above November Low // Small, Mids and Equals Extend Suffering // Weekly Breadth Indicators Remain Bearish // Finance and Industrials Tilt the Balance // Webinar Topics //// Pockets of Strength? The evidence for the broad stock market turned bearish last week and there are clearly some big pockets of... READ MORE
Apple shows signs of a long-term downtrend because it failed at a key long-term moving average and just broke a medium-term moving average. The daily candlestick shows AAPL gapping down in early November, trying to fill that gap with a bounce in mid November and ultimately failing with a peak... READ MORE
Finance Weighs with Sharp Decline // SPY and QQQ Trend Filters Still Bullish // Seasonal Patterns Point to Bottom This Week // Mind the Gap and Short-term Downtrend //// Finance Weighs with Sharp Decline There were some medium-term and long-term bearish developments last week, but the stock market could bounce because it is short-term... READ MORE
S&P 500 Breaks Benchmark Low // SPX %Above 200-day Is on the Brink // High-Low Percent Indicators Trigger // Technology is Undisputed Leader // Healthcare Moves into top Three // EW Consumer Discretionary Breaks Down // Treasuries Surge as Money Rotates // Gold Fails to Bounce // Friday Food for Thought //// S&P 500 Breaks... READ MORE
Energy Weighs on Two Key Sectors // SPY Puts the PPO to the Test // IWM Hits Moment-of-truth // Relative weakness in Small and Mid Caps Persists // XLF and RYF Tests November Lows // Regional Bank SPDR Breaks Support // XLI and RGI Exceed November Lows // Four Inside Days for IBB // Stocks of Interest (11)... READ MORE
The One Key Level // SPY Uptrend with Triangle // IWM Struggling, but above Key Support // Junk Bonds, Treasury Yields and Regional Banks // Percent of 200-day for the Nine Sectors // Webinar Preview //// The One Key Level Stocks are under pressure before the open and oil is getting the blame. While I hate... READ MORE
Texas Instruments (TXN) is leading the market with a strong StockCharts Technical Rank (SCTR) and the stock is consolidating near its 52-week high. TXN is part of the semiconductor industry group and the technology sector, both of which have been leading the market lately. On the price chart, TXN broke... READ MORE
The finance sector is one of the stronger sectors right now and this is positive for the overall market. As the table below shows, the Finance SPDR (XLF) has the fourth highest StockCharts Technical Rank (SCTR) of the nine sector SPDRs and the EW Finance ETF (RYF) has the third... READ MORE
Click here for today's video // Trend versus Noise // Small-caps and Equal-weights Struggle // Two Different Trends for the Same Index // Russell 2000 and S&P MidCap 400 Hold the Key // Sector Leaders and Laggards // Sector High-Low Percent Rankings // REITs and Biotechs Look Vulnerable // Friday Food For Thought //// Trend... READ MORE
SPY Holds Short-term Breakout // IWM Shows Relative Chart Strength // 2-yr Yield versus the 10-yr Yield // Watching the Channel in IEF // Two Commodities in Uptrends // Legacy Airlines Sport Constructive Chart Patterns // Big Banks Consolidate after Surge // Short-term Bearish Patterns in XOM and CVX // Other Charts: ADI, APD, CAT, CAMP, NOK, SIGI,... READ MORE
CA Inc (CA) remains in a downtrend, but a reversal could be brewing as the stock forms a high and tight flag just below key resistance. CA was trending down most of the year and then formed a selling climax with a sharp decline on high volume in August. The... READ MORE
Small and Mid Caps Come Alive // Bullish Continuation Pattern for SPY // Utilities and Energy Look Vulnerable // Housing Gets a Breakout as Retail Rebounds // Cloud and Internet Continue to Lead // Regional Banks and Insurance Power Finance Sector // Current Market Themes //// Market Overview While we still have some day-to-day noise and the... READ MORE
Gilead is up for the most boring biotech award because the stock has traded relatively flat since September 2014. Despite numerous crosses of the 105 area, the overall trend is still up and chartists should watch for a breakout to signal a continuation of this uptrend. On the price chart,... READ MORE
After lagging the market in October, the Home Construction iShares (ITB) is perking up with a breakout on the price chart and upturn in the price relative. ITB peaked in August and fell into September. Even though the market rallied in October and early November, ITB did not partake and... READ MORE
The overall trend for Alcoa is currently down, but the ETF is showing signs of life with a bullish reversal pattern taking shape. The chart shows AA making a round trip from 8 to 8 with a double top at 17 in between. Chartists can apply the inverse logic of... READ MORE
The S&P 500 SPDR (SPY) acted just like a roller coaster the last two weeks. It took traders for a wild ride and then dropped them off right where they started - a little frazzled no doubt. SPY opened near 209 on Monday, November 9th, and then plunged... READ MORE
Lines in the Sand for Three Key ETFs // SPY and IJR are Bullish // MDY is Lagging // Using Weekly Breadth Indicators // High-Low Percent Stalls for NYSE and Nasdaq // Will a Broad Surge follow the Broad Decline? // Scan Code for Rate-of-Change and Ranking // AD Percent Indicators Surge // Friday Food for Thought //// Lines... READ MORE
QQQ Continues to Lead // SPY Gets a Breakout // IWM Follows Through on Engulfing Pattern // Long-term Trend Change in Nektar // Uptrends Edge out Downtrends in S&P 1500 // New Lows Edge out New Highs // Market Themes // 5 PPO Setups //// QQQ Continues to Lead QQQ firmed at support on Monday with... READ MORE
The PerfChart below tells the story for the Dollar, Treasury bonds and commodities since late September. Note that stocks, the Dollar Index ($USD) and the 10-YR Treasury Yield ($TNX) are down, while the 10-yr Note ($UST), Spot Gold ($GOLD), Spot Crude ($WTIC) and Spot Copper ($COPPER) are down. It is... READ MORE
Mister Market is Mixed Up // QQQ Holds the Gap // Short-term PPO Holds for SPY // IWM Holds Support with Engulfing Pattern // %Above Indicators Trigger Bullish Signal // High-Low Indicators Turn Bearish // EW Finance, Technology and Staples are the Leaders // 4 PPO Strategy Charts ///// Mister Market is Mixed Up The overall market is... READ MORE
Introduction // Moving Averages and Trend // Creating a Smooth Operator // Slope of an EMA // Commodity Channel Index // Putting it All Together // Conclusions // Scan Code //// Introduction Trend is a very important aspect of technical analysis and investing. It is often pretty easy to identify the current trend, but it is much harder... READ MORE
The Nasdaq 100 ETF (QQQ) was hit quite hard last week, but the ETF is making an attempt to firm on Monday and chartists should watch three things. First, the ETF gapped up and surged above 115. This gap was part of a 16% advance off the September low and... READ MORE
SCTR Drops for EW Consumer Discretionary // EW S&P 500 Fails to Keep Pace // S&P 500 Pulls back after Big Surge // Russell 2000 Remains a Problem Child // 2011 Redux // Watching High-Low Percent Before Flinching // Stocks Outperforming Other Assets // Retailers Cast a Dark Cloud // Friday Food for Thought... READ MORE
A Market for All Seasons // New Market Theme Added // 52-week Lows Remain High // High-Low Lines Still Rising // QQQ, SPY and IWM Charts Updated // Electronic Payments and Big Tech Rock // AAPL Fires a Warning Shot // PPO Strategy: 5 Signals and 2 Setups ///// A Market for All Seasons This stock market has... READ MORE
Small-caps are still underperforming large-caps, but the small and mid-cap indices moved into the improving quadrant on the Relative Rotation Graph (RRG) with a classic end-around play. Just go to YouTube if you need to review this play. The RRG shows performance for the S&P Small-Cap 600, Russell... READ MORE
Pockets of Weakness Persist // SPY and QQQ Maintain Short-term Uptrends // IWM Starts to Outperform // XLY and XLK Ripe for a Rest // Materials and Energy Remain Weak // Retail and Housing Continue to Lag // HACK Looks Vulnerable // Oil & Gas Equip & Services SPDR Fall Short // Biotechs Setting Up for a Fall... READ MORE
PPO Defined // Trend Signals // Trend and Momentum // Parameters and Timeframes // Weekly Chart Settings // Trend Filtering, Setups and Signals // Adding a Momentum Trigger // Bad Trades and Exit Strategies // Conclusions and Thoughts // Scanning with the PPO // Recreating the SharpCharts //// **************************************************************************** Trading with the PPO Table of Contents * What Exactly is... READ MORE
Deere (DE) is not keeping pace with broader market and a bearish momentum signal just triggered. Deere was hit with the rest of the stock market in August and fell sharply. This was normal because the broad market was under intense selling pressure. The S&P 500 ultimately held... READ MORE
Chartists can use the Correlation Coefficient to understand the relationship between Treasury yields and certain groups, such as banks, utilities and REITs. The chart below shows the 10-year Treasury Yield ($UST10Y) in the main window and seven correlations in the indicator windows. I am using weekly data, a 13-week Correlation... READ MORE
The State of Stocks 2015 // Performance Metrics // $NDX has the Most Leaders // Choppy Upward Bias for SPX // Mid-caps Break Down into Thirds // Internal Divisions Weigh on Small-caps // A Sector, Industry Group and Stock Pickers Market // Friday Food for Thought //// The State of Stocks in 2015 Today I am breaking down... READ MORE
Holding Patterns for QQQ and SPY // XLY and XLK Remain the Leaders // Utilities Hit Make-or-break Level // 10-yr Yield is on the Verge // How Will Rising Yields Affect Other Groups? // Media Stocks Get Pummeled // Housing Stocks Still Trending Lower //// Holding Patterns for QQQ and SPY There is no change in the... READ MORE