The Gold SPDR (GLD) and the Silver ETF (SLV) continue to attract money as alternatives to stocks and other commodities. GLD and SLV were down rather sharply in 2015, but both are up year-to-date in 2016. GLD is up over 4% and SLV is up just over 2%. In contrast,... READ MORE
SPY Sets up Oversold Bounce // QQQ Firms with Spinning Top // What Would it take to Turn Bullish? // Finance and Tech Among the Downside Leaders // Webinar Highlights //// SPY Sets up Oversold Bounce // QQQ Firms with Spinning Top // What Would it take to Turn Bullish? // Finance and Tech Among the Downside Leaders... READ MORE
Chartists can use the percentage of stocks above the 200-day EMA to rank the sectors based on component trends. Using this breadth indicator, we can separate the weak sectors from the strong and get a good idea of the current market environment. I am working under the assumption that a... READ MORE
Finding Negative Correlations // Major Indices Remain in Bear Mode // New Lows Surge as Selling Expands // Bond ETFs Extend Support Bounce // Dollar Stalls after Breakout // Yen Traces out Rounding Bottom // Gold Forms Short-term Bull Flag // Friday Food for Thought //// Finding Negative Correlations Stocks were hammered again on Friday morning as the... READ MORE
High Beta Stocks Versus High Quality Stocks // Equal-weight versus Large-caps // Small-caps versus Mega-caps // Charting the Economy with Four ETFs // Junk versus Investment Grade and Treasuries // TED Spread Surges // Charting the Financial Stress Index // Conclusions //// Introduction Measuring the risk appetite in the financial markets can help investors with their portfolio allocations.... READ MORE
The year is young, but we are already seeing money move from relative risk (stocks) to relative safety (bonds). The PerfChart below shows the performance for ten intermarket ETFs year-to-date (12 January close). The histogram format makes it easy to spot the winners and the losers. The USO Oil Fund... READ MORE
Nasdaq 100 Still Stands Out // Bearish Environment for SPY // Tracking the ProShares Short S&P 500 // Webinar Highlights (Scans!) //// Chartists can get an overview of the "market" by charting the S&P 1500, S&P 500, S&P MidCap 400, S&P Small-Cap... READ MORE
Stocks took it on the chin over the last two weeks with the S&P 500 falling over 7% in just seven trading sessions (30-Dec to 8-Jan). The depth of this decline forced the 50-day moving average down and it is currently below the 200-day moving average. This death-cross,... READ MORE
Large-caps Crack // S&P 500 Breaks 2K with Ease // IWM Hits 52-week Low // Using the Stochastic Oscillator to Gauge Price Levels // Small-caps and Mid-caps Lead New Low List // High-Low Percent Triggers for S&P 500 // IEF Holds Breakout as TLT Struggles // A Wild Ride for the Greenback // Watch... READ MORE
Don't Blame China for December // Sector Shift Defines Large-cap Breakdown // Industrials and Finance Leading Lower // XRT and ITB Break Down Further // Gold Miners ETF Bounces off Support // Treasuries Surge and Outperform //// Don't Blame China for December Stocks extended their 2016 plunge with further losses early Thursday.... READ MORE
Not many stocks are currently up year to date and those that are show good relative strength in the face of broad selling pressure. Of the 1500 stocks that make up the S&P 500, S&P MidCap 400 and S&P Small-Cap 600, I count around... READ MORE
A Tale of Two S&P 500 Indices // The Last Three Sectors Standing // Sector Breadth Tilts Bearish // Index High-Low Indicators Remain Split // Short-term Bullish Signal for Dollar // Treasury Trading Turns Dull // Webinar Video //// The easiest way to visualize the current split in the market is by comparing the S&... READ MORE
Stocks were hit hard on the open of the first trading day of 2016 with the vast majority falling, and falling sharply. There were a few pockets of strength and chartists can find these using the tables on the home page (midway down). The screenshot, which was taken around 9:... READ MORE
Once again, we have small-caps and mid-caps breaking down and weighing on the market. This is nothing new because the Russell 2000 iShares (IWM) and S&P MidCap SPDR (MDY) have been lagging the S&P 500 SPDR (SPY) and Nasdaq 100 ETF (QQQ) for the last six... READ MORE
Depending on how you measure it, the stock market was up, down or flat in 2015. It also depends on what you call the stock market. Is it the S&P 500, S&P 500 Equal-Weight Index, the Dow, the Russell 2000, the Nasdaq? Truth be told, it... READ MORE
2015 has been about as mixed as a market can get. This split market can be seen by looking at two versions of the S&P 500. The Large-cap S&P 500 SPDR (SPY) is up around 2.5% over the past year and the Equal-weight S&... READ MORE
Monthly Trend Indicators for S&P 500 // Key Levels to Watch in 2016 ($NDX, $SPX, $MID, $SML) // The 10-yr Yield Targets 3% // Euro Eyes Parity // Gold Aims for 1000 // Webinar Topics, ETFs and Stocks //// Today's commentary and webinar will use long-term charts to extrapolate some trends that... READ MORE
This is just a short update for the Nasdaq 100 ETF (QQQ) and the S&P 500 SPDR (SPY). I will post a 2016 preview later today using monthly charts to extrapolate some bigger trends at work. The daily and weekly trend indicators are bullish for both SPY and... READ MORE
The Finance SPDR (XLF) and big banks led the market surge from late September to early November, but turned into laggards over the last seven weeks. JP Morgan Chase (JPM) personifies big bank performance with a breakout around 64 and a seven-week pullback that is testing this breakout zone. This... READ MORE
Alcoa is showing early signs of relative strength and momentum is improving as the Commodity Channel Index (CCI) breaks into positive territory for the first time since February. 2015 was clearly a rough year as the stock fell over 35% from January to August. The overall trend is down, but... READ MORE
Was it that Bad last Week? // E-mini Continues Battle with 2K // QQQ Holds above Support Zone // Five Reasons for Relative Strength in QQQ // Healthcare Still Holding Up // Biotech iShares Holds Gap // Five Strong Biotechs and One at Support // Best Wishes.... //// Was it that Bad last Week? I will post a... READ MORE
Stocks were hit hard on Thursday and Friday with most closing down sharply. There were a few gainers amongst the carnage and chartists can use the MarketCarpet to find such stocks. First, note that the S&P 500 was down 3.26% on Thursday-Friday and down .34% for the... READ MORE
The S&P 500 Equal-Weight Index ($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