The PerfChart below shows the Base Metals ETF (DBB) along with seven other metal-related ETFs. Notice that the Aluminum ETF (JJU) and Palladium ETF (PALL) are the big leaders. Meanwhile, the Gold SPDR (GLD) and the Silver ETF (SLV) are the laggards. Gold is clearly precious and lagging. Aluminum is... READ MORE
There are five setups today. We start with an LED light company with a bearish continuation pattern. Second, there is a Chinese e-commerce stock with a bullish continuation pattern. Third, I am featuring a networking stock that hit resistance at a key retracement. Fourth, there is a consumer foods stock... READ MORE
Stocks were mostly higher, but the gains were small and there were some pockets of weakness. QQQ hit a new high and remains the strongest of the major index ETFs. The sectors were mixed with six up and three down. Energy, materials and healthcare led the gainers. The Home Construction... READ MORE
The PerfChart below shows the Multi-sector Agriculture ETF (DBA) along with six other agriculturally based ETFs. Five of the six got slammed over the past month with the Corn Trust ETF (CORN) and Soybean Fund (SOYB) posting double digit losses. The Cocoa Fund (NIB) is the lone winner with a... READ MORE
Stocks moved higher on Tuesday with modest gains in the major index ETFs. The Russell 2000 iShares led with a .84% gain and the Dow Diamonds lagged with a .33% gain. Seven of the nine sectors were higher with technology, energy and healthcare leading. The consumer staples and utilities sectors... READ MORE
There are only four setups today because the pickings are slim during earnings season. Risk is always above average when a company reports earnings and I try to insure that the earnings report is at least a week away. Today, we have tech stock with a large triangle after a... READ MORE
The July funk continues for stocks. After good gains on Friday, some selling pressure hit on Monday and the major index ETFs closed modestly lower. The Russell 2000 iShares fell .40% and the Nasdaq 100 ETF lost just .12% on the day. Eight of the nine sectors were down. The... READ MORE
The Regional Bank SPDR (KRE) failed to hold its flag breakout and then broke support with a sharp decline this week. It would now appear that KRE formed a rising wedge that peaked below the January high. This week's wedge break signals a continuation of the prior decline... READ MORE
Stocks came under selling pressure over the past week with small-caps bearing the brunt. The PerfChart below shows the performance for eight major index ETFs over the past week. Seven are down and only one is up. The Dow Diamonds (DIA) has the only gain. The Russell 2000 iShares (IWM)... READ MORE
Stocks opened slightly lower and then slid as news reports suggested that the Malaysian airliner was shot down. There was a small bounce around midday and stocks again came under selling pressure in the afternoon. Small-caps led the way lower as IWM fell around 1.5%. All sectors were lower... READ MORE
There are only three setups today because the pickings are slim during earnings season. Risk is always above average when a company reports earnings and I try to insure that the earnings report is at least a week away. Today, we have a semiconductor stock with a bull flag. Second,... READ MORE
Stocks opened strong and then stalled. SPY and QQQ managed to hold their gains and close slightly higher. IWM did not and closed fractionally lower. Seven of the nine sector SDPRs were higher with technology, energy and materials leading the way. The Technology SPDR gained almost 1% with help from... READ MORE
Stocks, gold, the Dollar and bonds got whipped around during congressional testimony from Fed Chair Janet Yellen. Stocks opened strong, took a deep dip and the recovered some of that dip with an afternoon advance. It is hard to read into price action driven by Fed comments and the overall... READ MORE
The S&P 500 is up over 6% since mid April, but this advance has been about as boring as they get. Note that this key benchmark has not moved more than 1% since April 16th (hat tip crossingwallstreet.com). The old Wall Street adage, "never short a... READ MORE
There are five setups today. First, we have an education provider with a break down. Second, there is a tech stock breaking out of a bullish continuation pattern. Third, we feature a mining equipment play with a bullish wedge taking shape. Fourth, there is another tech stock with an ascending... READ MORE
Stocks started the day strong and then stalled as buying and selling pressure equalized. The major index ETFs finished with modest gains. Seven of the nine sectors were higher with technology, energy and finance leading. The utilities sector moved sharply lower with a 1+ percent loss. The chart below shows... READ MORE
After a wedge breakout in late May, the Solar Energy ETF (TAN) is testing this breakout and two key moving averages in July. Notice how the 50-day and 200-day moving averages converge in the 40-41 area. TAN is currently above both and the 50-day is above the 200-day. The bias... READ MORE
It was a rough week for stocks. Small-caps led the major index ETFs lower as IWM lost around 4%. The finance sector was relatively weak as XLF declined around 1.5% on the week. The Home Construction iShares and the Retail SPDR were two of the weakest industry group ETFs.... READ MORE
The intermarket PerfChart below shows July getting off to a rather strange start. SPY and QQQ are up slightly this month, but IWM is down sharply with a 2+ percent loss. Relative weakness in small-caps suggests that the equity market may be entering into a corrective period. Small-caps and momentum... READ MORE
Alaska Air (ALK) fell sharply in early June, established support just above 46 and bounced off this support zone the last few days. This is impressive considering the selling pressure that hit the market this week. Notice the hollow, or white, candles. These form when the close is well above... READ MORE
Stocks firmed after a sharp two day decline in small-caps and momentum names. Firmness could be fleeting because stock futures are down after hours. If the second shoe drops here, I would expect the momentum names and small-caps to lead the way lower again. While I do not think this... READ MORE
There are five setups today. First, we have a tech stock with a pennant break down. Second, we have a teen apparel retailer with a falling wedge. Third, there is a medical device company trading within an extended correction. Fourth, we feature a gold stock poised to challenge range resistance.... READ MORE
The high-beta names (i.e. momentum stocks) got hammered again on Tuesday. The Russell 2000 iShares fell over 1%, the Internet ETF fell 3%, the Solar Energy ETF declined over 3.5% and the Biotech SPDR lost 3.77%. It is beginning to look a lot like March. Note that... READ MORE
There are seasonal tendencies and then there are STRONG seasonal tendencies. Over the last 20 years, the S&P 500 Volatility Index ($VIX) has moved higher 80% of the time in the month of July. This follows the weakest month, June, which shows a rising VIX just 25% of... READ MORE
After hitting new highs last week, stocks started this week with some selling pressure. Large-caps held up relatively well as SPY fell .76%. Small-caps and micro-caps bore the brunt of selling pressure as the Russell 2000 iShares and Russell MicroCap iShares fell more than 1.5% on the day. Six... READ MORE
There are five setups today. First, we start with a Chinese aluminum stock that is surging off a key retracement. Second, we have a restaurateur stalling at a key retracement. Third, there is an equipment manufacturer with a triangle consolidation. Fourth, we feature an inflight internet provider with a breakdown... READ MORE
Another week and another gain. Most of the major index ETFs moved to new highs again last week to affirm the uptrends. IWM hit a new high intraday, but has yet to close above the March high. The Russell MicroCap iShares (IWC) is still a few percentage points below its... READ MORE
Relative weakness in the consumer discretionary sector was a concern a month ago, but not anymore. The first PerfChart shows the Consumer Discretionary SPDR (XLY), the Technology SPDR (XLK), the Energy SPDR (XLE) and the HealthCare SPDR (XLV) leading since June 3rd. XLY really came to life this past week... READ MORE
It was a short week, but stocks moved higher with eight of the nine sectors gaining. As the PerfChart below shows, the consumer discretionary and technology sectors led with 2+ percent gains. The utilities sector was the lone loser with a 2.83% loss. Also notice that the consumer staples... READ MORE
Stocks followed up Tuesday's gains with a mixed trading day on Wednesday. Small-caps and mid-caps came under selling pressure as MDY and IWM fell around .50%. Large-caps held on to their gains as SPY and QQQ finished fractionally higher. Indecisive trading the day before a three day weekend... READ MORE
Apollo (APOL) hit resistance at broken support last week and then formed a shooting star this week. This shooting star represents a failed intraday rally. Notice how the stock surged to 32 on Tuesday and then fell to close near 31. This failure also occurred when the market rallied on... READ MORE
Stocks caught a big bid on Tuesday with small-caps and big techs leading the way. IWM and QQQ gained over 1%. The gains were not that excessive and this market advance continues to be quite incremental. In other words, the daily gains are not excessive, such as 2-3%, but the... READ MORE
There are five setups today. First, we start with an insurance stock that formed a bullish consolidation after a breakout. Next up is a railroad with a triangle after a breakout. The third stock is a small aluminum company with a recent wedge breakout. Fourth, we feature a multi-level marketing... READ MORE
Stocks were again mixed on Monday. Large-caps lagged as the Dow Diamonds and S&P 500 SPDR closed fractionally lower. Small-caps led as the Russell 2000 iShares closed near last week's high. Techs also showed some relative strength as the Nasdaq 100 ETF hit another new high.... READ MORE
Michael Kors (KORS) led the market in February with a massive gap and new high, but the stock has fallen on hard time in June with a trend line break and relative breakdown. On the price chart, KORS broke the internal trend line and support zone with a sharp decline... READ MORE
Stocks were hit with bouts of selling pressure on Tuesday afternoon and Thursday morning, but finished the week on a strong note. Overall, the major index ETFs were mixed for the week. QQQ gained 1.06%, SPY was down .06% and IWM rose .08%. The sectors were also mixed with... READ MORE
Stocks were mixed on Thursday with the Nasdaq 100 ETF edging higher (.05%) and the S&P 500 SPDR (SPY) edging lower (-.07%). Five sector SPDRs were up and four were down. Finance and consumer staples led the way lower with small losses. Utilities, healthcare and energy led... READ MORE
Spot Sugar ($SUGAR) has been in a downtrend for years, but this commodity may be turning the corner with a higher low and falling wedge. The chart below shows the Sugar ETN (SGG) surging in February and then correcting with a falling wedge the last 3-4 months. The ETF reversed... READ MORE
After an outside day and weak close on Tuesday, stocks rebounded on Wednesday and the major index ETFs closed modestly higher. Small-caps led the way lower on Tuesday and the way higher on Wednesday. Eight of the nine sectors were up with consumer discretionary, healthcare, materials and energy leading. Consumer... READ MORE
There are six setups today. First, we start tech stock that formed a high-tight flag. Second, there is a big pharma stock that is lagging the group, but formed a breakaway gap on big volume. Third, we have a bottom pick play for a sporting good store. Fourth, there is... READ MORE