There has been a lot of chatter about the seasonal pattern for the S&P 500 in December, and it is bullish. StockCharts users do not need to rely on the chatter because they can chart seasonal patterns using our Seasonality Tool and see for themselves. The chart below... READ MORE
Stocks continued higher on Wednesday with small-caps leading for the second day running. Seven of nine sector SPDRs were higher with industrials, energy and materials leading. Energy is getting an oversold bounce, while industrials are showing some leadership as XLI nears a 52-week high. Tech stocks were helped with strength... READ MORE
Stocks rebounded with small-caps leading the way. SPY and QQQ finished with modest gains, while IWM jumped 1.2%. Despite one day of relative strength, small-caps still lag their large-cap brethren over the last few weeks. All nine sector SPDRs were up with finance, energy and healthcare leading. An oversold... READ MORE
The Broker-Dealer iShares (IAI) surged to the September high and then stalled with a three week consolidation. With a downward slope, this consolidation looks like a falling flag, which is a bullish continuation pattern. A breakout at 41 would signal a continuation higher and project a move to new highs.... READ MORE
Stocks were mostly lower on Monday with small-caps and mid-caps leading the decline. Large-caps held up relatively well with SPY losing just .69% on the day. Retail stocks suffered a black Friday hangover as the Retail SPDR (XRT) fell over 2%. The ETF, however, was up some 15% from its... READ MORE
Lower energy prices may be making solar less competitive and putting pressure on solar-related stocks. The chart shows the Solar Energy ETF (TAN) breaking down in Sep-Oct, consolidating with a triangle and breaking triangle support with a sharp two-day decline. This break signals a continuation of the prior decline and... READ MORE
Stocks were hit with some selling pressure on Friday, but SPY ended the week with a small gain and QQQ ended the week at a new high. The gains continue to be incremental and the advance is slowing, but it is still an advance and selling pressure remains subdued in... READ MORE
The Metals & Mining SPDR (XME) got a bounce with the stock market in the second half of October, but struggled in November with a trading range between 34 and 36.5. This struggle turned to weakness as the ETF gapped down on Friday and fell sharply. A follow through... READ MORE
Oil remains weak overall and so do the energy related ETFs (XLE, XOP, XES). The chart below shows the Oil & Gas Equip & Services SPDR (XES) hitting a new low in October and then consolidating with a triangle. The pink lines show the Bollinger Bands narrowing like a noose... READ MORE
Fastenal continues to improve on the chart with two bullish patterns and signs of accumulation. First, a big island reversal formed at the stock gapped below 43.5 in early October and gapped back above this level in late October. Second, the stock broke pennant resistance with a move above... READ MORE
The PerfChart below shows the nine small-cap sector ETFs and the Russell 2000 iShares (IWM). Notice that the SmallCap Consumer Discretionary ETF (PSCD) and the SmallCap Technology ETF (PSCT) led over the last five days with bigger gains. Throw in the SmallCap Industrials ETF (PSCI) and three of the four... READ MORE
Stocks surged out of the gate on Friday, but fell back in the afternoon and closed off their highs. The action was mostly positive, but small-caps again underperformed as the S&P SmallCap iShares (IJR) closed fractionally lower. Large-caps still rule the rally. All sectors were up with industrials,... READ MORE
Stocks continued to take baby steps higher with the S&P 500 and Dow Industrials closing at all time (closing) highs. Even though the Russell 2000 and S&P Small-Cap 600 remain below their prior highs, they are less than 4% from these highs and both formed bullish... READ MORE
The S&P 500 is up over 7% the last five weeks, but IBM is down and flirting with new lows. The chart below shows the Relative Rotation Graph (RRG) with all thirty Dow stocks. With the Dow Industrials as the benchmark, we are seeing the relative performance rotations... READ MORE
Small-caps weighed on the stock market again as IWM fell over 1%. Techs were also a bit weak with QQQ falling a half percent and SPY held up the best with a fractional loss. Despite a mixed and overbought stock market, there were some positive takeaways on Wednesday. The Retail... READ MORE
There is a little gem in the middle of the home page that shows the biggest moves for the StockCharts Technical Rank (SCTR). Clicking "Top Up" will show the biggest relative performance gainers, while clicking "Top Down" will show the biggest relative performance losers. Today we... READ MORE
Stocks moved higher on Tuesday with the major index ETFs posting modest gains. Incremental gains are the hallmark of this advance since late October. SPY is up ten of the last twelve days and the total advance is around 2%. Sure, upside momentum is slowing and buying pressure is waning,... READ MORE
Stocks meandered again in mixed trading. Small-caps were weak as IWM fell .83%, but large-caps held firm as SPY and DIA closed with fractional gains. If you are looking for that small correction, look no further than small-caps because IWM is down around 2% in the last three days. If... READ MORE
The Energy SPDR (XLE) is by far the weakest sector in the market right now. Most of its 43 components are in downtrends and well below the summer-autumn highs. One stock, however, stands out from this crowd. The chart below shows Tesoro (TSO) breaking out to new highs in mid... READ MORE
Stocks were mostly higher last week, but there were some pockets of weakness. QQQ led the broader market with a 1.59% gain and IWM lagged as the ETF fell a fraction (-.02%). The consumer discretionary and technology sectors gained and showed relative strength last week. The finance, energy... READ MORE
The stock market is in a clear uptrend, but is short-term overbought after a big run the last four weeks. I am assuming that the trend is up because the S&P 500, S&P 500 Equal-Weight Index, Dow Industrials, Dow Transports, Nasdaq 100 and Nasdaq Composite recorded... READ MORE
Stocks finished very mixed on Thursday. DIA, QQQ and SPY finished with small gains, while IWM and IWC finished with modest losses. The Russell 2000 iShares (IWM) fell .85% and the Russell MicroCap iShares (IWC) was down 1.10%. Weakness in small-caps is the reason many breadth indicators were negative... READ MORE
The 20+ YR T-Bond ETF (TLT) went ballistic in mid October with a surge above 125 and then sharply reversed with a close below 122 the next day. The ETF has since worked its way lower and volatility has seriously contracted. Notice that Bollinger BandWidth is at its lowest level... READ MORE
It was another lackluster day, but there were some notable pockets of strength. Small-caps perked up as the Russell 2000 iShares (+.45%) and S&P SmallCap iShares (+.68%) led the major index ETFs. The gains may be incremental, but they were gains and they were the leaders. The SmallCap... READ MORE
The top chart shows sector performance since the beginning of September. The bottom chart, from factset.com, shows the number of times companies in these sectors cited oil in their earnings calls (from 1-Sep to 6-Nov). Oil fell around 10% from mid June to late August and around 20% from... READ MORE
Trading was rather lackluster on Tuesday as the major index ETFs finished with fractional gains, and I do mean fractional. QQQ gained .31%, SPY rose .10% and IWM advanced .07%. Buying pressure is waning, but we have yet to see any significant selling pressure. Of note, the high-low range for... READ MORE
Tesla (TSLA) gapped down and fell sharply in early October, but ultimately held support from the July low and rising 200-day moving average. The stock moved higher the last four weeks and surged above the September trend line with a 3+ percent gain on Tuesday. Also notice that Aroon Up... READ MORE
The December E-mini S&P 500 (^ESZ14) hit another new high with another incremental step. Since the close above 2000 at the end of October, the gains have been rather incremental and upside momentum has slowed. Is this bearish? Buying pressure may not be as strong as it was... READ MORE
The stock market bottomed in mid October and then surged over the last 18 days. Chartists can find the leaders (and laggards) for this period by setting the PerfChart for 18 days. Simply double click the date tab and enter a number. The PerfChart below shows all nine sectors and... READ MORE
The December E-mini S&P 500 (^ESZ14) hit a new high intraday, but closed slightly lower and formed a doji on the day. These candlesticks signal indecision, which is caused by a standoff between buying and selling pressure. The current upswing is quite amazing because the emini has been... READ MORE
And now for the employment report. This week's economic reports were positive, the ADP Report was above 200K and initial claims continue to fall. The economic cup is clearly half full and this bodes well for today's employment report. Stocks have perhaps already priced in some... READ MORE
The London Tube is famous for its automated announcements reminding commuters to "mind the gap" between the train and the platform (don't fall in). QQQ has a gap that we should also mind. Notice how the ETF opened above 101 and closed above 101 the last... READ MORE
Stocks were mostly higher on Wednesday with the major index ETFs posting modest gains. SPY advanced .63% and the Russell 2000 iShares (IWM) added just .18%. The energy sector rebounded with a big move as oil got a small bounce. Devon (DVN) and EOG Resources (OEG) exceeded their late October... READ MORE
The S&P 500 AD Line ($SPXADP) confirmed the new high in the S&P 500 by hitting a new high of its own. The chart below shows the AD Line holding its early August low in mid October and surging above its early September high on Friday.... READ MORE
Stocks were hit with pockets of selling pressure on Tuesday. The consumer discretionary, energy and materials sectors led the way lower. Consumer staples, financials and healthcare held up relatively well. Relative weakness in the consumer discretionary sector caused the XLY:XLP ratio to break down and turn negative for stocks... READ MORE
Today we will start with a short-term look at the risk on-off dynamics in the stock market right now. Note that I am only referring to the stock market. Oil, gold, the Dollar and the Euro do not fit into this equation right now. I am using five things to... READ MORE
Chartists can get a good idea of market conditions just by looking at the predefined technical alerts page. Today's alerts are at the top and users can view past alerts by scrolling down the page. Today, we can see several major indices and sector ETFs hitting multi-year highs,... READ MORE
Breadth behind the most recent advance was quite strong as the AD Lines for the S&P 500, S&P 1500 and Nasdaq 100 recorded new highs. Of these three, notice that the S&P 500 AD Line held its August low and the Nasdaq 100 AD... READ MORE
Not every index and not every sector recorded a new high this week, but several key indexes recorded new highs and the majority of sectors hit new highs. This shows broad market strength that validates the long-term uptrend in stocks. The only negative is that stocks are short-term overbought after... READ MORE
Stocks moved sharply higher on Friday with the Technology sector leading and the Utilities sector lagging. As the Market Carpet shows, the average utilities stock is down .05% and the average technology stock is up 1.82%. This shows a preference for higher risk stocks (offense). Notice that the tech... READ MORE