Stocks opened sharply lower, bounced a bit and then traded flat the rest of the day. The major index ETFs spent the entire day in negative territory and closed with modest losses. Dow futures are down around 100 points at 4:30AM ET on reports that Greece will not submit... READ MORE
Two stocks associated with the Golden State Warriors are showing promise as Step Curry leads his team to a 3-2 lead in the series. The Warriors play in the Oracle Arena and Oracle (ORCL) is making waves with an ascending triangle. Admittedly, the pattern is a little long and the... READ MORE
Stocks moved up at the beginning of the week and down towards the end of the week. The end result was mixed for the major index ETFs as QQQ fell around .50% and IWM gained .42%. The sectors were mixed with finance showing strength and energy showing weakness. Strength in... READ MORE
Stocks were flat on Thursday as the market digested Wednesday's big gain. The major index ETFs closed slightly higher with IWM gaining .25% and MDY leading with a .60% advance. The sectors were mixed with modest gains in industrials, materials and healthcare. Energy weakened as the USO Oil... READ MORE
Stocks surged with the major index ETFs opening strong and finishing strong. We did not see a pop and drop, and this is positive. The gains were relatively even with IWM gaining 1.25%, QQQ advancing 1.37% and SPY surging 1.20%. All sectors were up with technology and... READ MORE
Eight of the nine sector SPDRs are down month-to-date and the S&P 500 SPDR (SPY) is also down (as of the 9-June close). One sector, however, is bucking the trend with a small gain. The Finance SPDR (XLF) is up around a half percent and easily outperforming the... READ MORE
Trading was rather quiet on Tuesday as the S&P 500 dipped in early trading, rebounded into positive territory by noon and then traded flat. The major index ETFs finished flat with fractional losses in IWM (-.30%) and SPY (-.01%). The sectors were mixed with small gains... READ MORE
Stocks opened weak and remained weak as the S&P 500 extended its two week slide. This slide started with the gap down on Tuesday, May 26th, the day after Memorial Day. Tech stocks led the way lower as QQQ lost around 1%. Small-caps held up relatively well as... READ MORE
Chartists looking for the "relative strength" movers and shakers of the day can focus on the stocks and ETFs with the biggest changes in their StockCharts Technical Rank (SCTR). Small tables can be found in the bottom half of the home page and full listings can be found... READ MORE
Stocks were mixed most of the week and the major index ETFs finished mixed. The S&P 500 SPDR (SPY) and Nasdaq 100 ETF (QQQ) edged lower, while the Russell 2000 iShares (IWM), S&P MidCap SPDR (MDY) and S&P SmallCap iShares (IJR) closed modestly higher... READ MORE
There have been four big surges in the 10-year Treasury Yield since the bull market for the S&P 500 began in 2009. These big moves certainly sent shock waves through the bond market, but the stock market was not rattled because the S&P 500 produced double... READ MORE
Stocks just couldn't bear the pressure any longer and sold off on Thursday. The S&P 500 opened weak and finished weak for a .86% decline on the day. Overall, the decline is not that big and the index is still less than 2% from an all... READ MORE
Stocks chopped around again on Wednesday, but managed to hold their early gains and close positive. The S&P 500 surged to 2121 in the first hour, fell back to 2112 around lunchtime and then finished at 2114 for a small gain. The Russell 2000 iShares (IWM) and the... READ MORE
May was a strong month for big tech stocks, small caps and mid caps. It was such a big month that the Russell 2000 iShares, S&P SmallCap iShares and S&P MidCap SPDR are in the top third of the SCTR table below. Notice that the Russell... READ MORE
Stocks chopped around again on Tuesday with the S&P 500 falling to 2100 on the open, bouncing back to 2117 in the early afternoon and settling around 2110 by the close. Overall, the major index ETFs ended the day mixed. DIA and QQQ edged lower, while IWM and... READ MORE
Stocks chopped around on Monday with the S&P 500 trading in an 18 point range the entire day. The major index ETFs finished with small gains led by the Russell MicroCap iShares (+.40%). The sectors were mixed with energy, materials and consumer staples showing some weakness. Healthcare, industrials... READ MORE
The Home Construction iShares (ITB) is showing some improvement in relative performance with a move from the improving quadrant to the leading quadrant over the last few days. The image below shows a daily Relative Rotation Graph (RRG) with ten industry group ETFs and the Equal-Weight S&P 500... READ MORE
Stocks were all over the place last week. The S&P 500 plunged on Tuesday, rebounded on Wednesday and fell back on Thursday-Friday. For the week, the major index ETFs ended lower by around 1%. All sectors were lower with energy and industrials leading the way down. The healthcare... READ MORE
Stocks sank on the open, but quickly firmed and rebounded somewhat in the afternoon. For the day, the major index ETFs finished fractionally lower, but the S&P SmallCap iShares (IJR) bucked a little with a fractional gain. The sectors were mostly lower with energy and industrials leading the... READ MORE
Stocks swooned on Tuesday and then recovered most of their losses on Wednesday. Techs led the way as the Technology SPDR (XLK) hit a new high and QQQ closed at a new closing high. Semiconductors led the rebound as the Semiconductor SPDR (XSD) surged over 3% and hit a new... READ MORE
The Palladium ETF (PALL) caught my eye on Tuesday because it held up quite well when other metals were getting hit hard. Gold was down around 1.5%, while platinum and silver fell around 2%. PALL was down just .26% and the ETF is edging higher in early trading on... READ MORE
Stocks fell with selling pressure across the board. The major index ETFs were all down around 1% and the declines were pretty even. All sector SPDRs and equal-weight sector ETFs were down. The Consumer Discretionary SPDR (-.71%) and the Utilities SPDR (-.63%) were down the least and held... READ MORE
The S&P 500 finished the week with a gain, but was hit with selling pressure in the final hour on Friday. For the week, the index surged on Monday and then traded flat from Tuesday to Friday. Small-caps led Friday's pullback as the Russell 2000 iShares... READ MORE
The S&P 500 edged higher on Thursday, but market action was mixed overall. QQQ and SPY closed slightly higher, while IWM closed slightly lower. Seven of the nine sector SPDRs were up with energy, industrials and technology leading the way. XLI got a nice bounce from GE, which... READ MORE
Stocks did the old pop and drop as the S&P 500 surged to 2135 after the Fed minutes and then plunged back to its starting point (2125). The index ended the day unchanged and nothing has changed regarding the trend. Yesterday's pop and drop was just... READ MORE
The S&P 500 is in the midst of one of the strongest and most consistent trends ever. The chart below shows the S&P 500 twice. The top window shows the index with a 7% Zigzag indicator in pink and the bottom window shows a 10% Zigzag.... READ MORE
Stocks meandered on Tuesday with the S&P 500 trading on either side of 2130 the entire day. The ETF fell below 2130 in the afternoon and closed at 2127 (-.06%). The sectors were mostly lower with energy leading the decline. The Finance SPDR (XLF) was the strongest... READ MORE
Stocks continued higher with the S&P 500 and Dow Industrials recording new all time highs. They were not the leaders though. The Russell 2000 iShares (IWM) led and was the only major index ETF to gain over 1% on the day. Seven of the nine sector SPDRs finished... READ MORE
The S&P 500 hit a new high last week and the Dow Industrials followed suit with a new high this week. Overall, the Dow broke triangle resistance with a surge on Thursday and this breakout signals a continuation of the current uptrend. Broken resistance turns first support to... READ MORE
It was a pretty wild week for stocks. The S&P 500 started weak with a 25 point decline and dip below 2090. This dip did not last long as the index surged back above 2115 on Thursday and hit an all time high on Friday. Yes, an all... READ MORE
The falling Dollar is boosting large-caps and they are outperforming small-caps. This makes sense because large-caps are typically multinational companies that derive a good portion of their revenue abroad. The Financial Times estimates that companies in the S&P 500 generate around 40% of their revenues abroad. These foreign... READ MORE
The S&P 500 opened strong and finished strong, and Thursday's close above 2120 was a new closing high for the index. The index has yet to hit an intraday high, but the trends are up and new intraday highs should follow. The rally was pretty broad-based,... READ MORE
The S&P 500 did just the opposite of Tuesday. The index opened weak on Tuesday, rebounded and then traded flat. On Wednesday, the index opened strong, immediately fell back and then traded flat. This is par for the course because it has been swinging above/below 2100 the... READ MORE
Paccar (PCAR) sports a bullish looking chart with two breakouts in as many months. The stock surged from October to December and then corrected with a decline that retraced 62%. After three bounces off the 62% retracement area, the stock broke out with a surge in mid-April. This breakout ended... READ MORE
You got to give the bulls credit on Tuesday. The S&P 500 opened weak with a 20 point decline and move below 2090. This decline wiped out Friday's gain and made the bulls look weak. Instead of continuing lower though, the index immediately firmed and bounced... READ MORE
The S&P 500 surged on Friday morning, traded flat the rest of the day and then worked its way lower on Monday. The overall loss (.50%) was modest and this could be just a correction after the Friday surge. The sectors were mostly lower with energy leading the... READ MORE
The Energy SPDR (XLE) is in a long-term downtrend and it looks like the short-term uptrend reversed over the last few days. The chart below shows XLE failing at the falling 200-day moving average with a bearish engulfing last week and breaking below short-term support at 81. The ETF bounced... READ MORE
Stocks surged on Friday as the S&P 500 opened around 2113 and closed around 2116. Even though the index held the opening surge, there was not much movement after the surge (+3 points). The major index ETFs closed higher, but small-caps and mid-caps lagged. MDY and IWM were... READ MORE
Stocks bounced and the major index ETFs closed modestly higher. Eight of the nine sector SPDRs were up. Energy fell because oil was down sharply. The decline in oil boosted the Airline ETF (JETS) and this helped the Transport iShares (IYT) to a 1.11% gain. Commodities were down pretty... READ MORE
It has been a rough month for stocks overall, but Broadcom (BRCM) is bucking the selling pressure and challenging resistance. There are two bullish continuation patterns possible on this chart. First, an inverse head-and-shoulders pattern extends back to early March. Second, the right two-thirds of the pattern looks like a... READ MORE