AAPL Breaks Wedge after Engulfing Pattern. ADP Breaks Out of Flag on Good Volume. Plus COP, CTXS, CY Individual charts are below video. Sorry but your browser doesn't support HTML5 video. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to... READ MORE
Stocks were hit with selling pressure last week as the major index ETFs declined 1.75-2.25 percent. The declines were relatively modest and came the week after most major index ETFs and sector SPDRs hit new highs. This means the long-term trend is still up and any short-term weakness... READ MORE
Stocks and bonds have been inversely correlated for most of the last four years, which means they tend to move in opposite directions. This inverse correlation showed up in January as stocks swooned and Treasuries surged. February was mixed because stocks surged and Treasuries traded flat. The inverse correlation reasserted... READ MORE
Stocks came under broad selling pressure with the Nasdaq 100 ETF (QQQ) leading the way lower. The major index ETFs fell with losses ranges from 1% to 1.5%. These losses are relatively modest. Eight of the nine sectors were down. The Utilities SPDR (XLU) bucked the trend and posted... READ MORE
Programming note: Charts of Interest will not be posted today and return next Tuesday. Stocks were mixed on Wednesday and the major index ETFs have edged lower over the past week. The Nasdaq and NYSE AD Lines are near support zones, as is the NYSE AD Volume Line. The Nasdaq... READ MORE
Stocks in the utilities sector stood out on Wednesday. As the Sector MarketCarpet below shows, the utilities sector has the most, and darkest, green of the nine sectors (blue outline). Only one square (ED) was red. This showed broad strength within the sector and it was enough to power the... READ MORE
Stocks extended their correction with small-caps leading the way lower. The Russell 2000 ETF (IWM) and the Russell MicroCap iShares (IWC) led the major index ETFs lower with declines around 1%. All sectors were down with the Materials SPDR (XLB) and Energy SPDR (XLE) getting hit the hardest. Spot Copper... READ MORE
Yelp ($YELP) came across the Three Black Crows scan on Tuesday. It all started with a black candlestick three days ago (Friday). The stock then opened above the Friday's close on Monday and sold off to form another black candlestick. The stock opened above Monday's close... READ MORE
AKS Finds Support with Good Volume. DGX Forms Bullish Hammer. Plus DNR, FNSR, HLF, INTC Individual charts are below video. Sorry but your browser doesn't support HTML5 video. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or... READ MORE
Stocks took a breather on Monday as the major index ETFs traded mixed. The Nasdaq 100 ETF (QQQ) closed with a miniscule gain, while the S&P 500 SPDR (SPY) closed with a fractional loss. The sectors were also mixed with the five down and four up. The HealthCare... READ MORE
The major index ETFs extended their uptrends with new highs last week. These advances are getting extended with the Russell 2000 ETF (IWM) and S&P MidCap SPDR (MDY) up around 10% in the last five weeks. Nevertheless, the short-term trends are up and we have yet to see... READ MORE
Chartists can identify mutual fund leaders and laggards using the Rydex, Fidelity and Profunds MarketCarpets. Note that these are updated after the market close. As the MarketCarpet below shows, the Gold Fund, Leisure Fund, Latin America Fund, Japan Fund and Nordic Fund led on Thursday. Funds associated with Biotechs, Healthcare,... READ MORE
Stocks finished mixed again with some strength coming into the S&P 500 SPDR (SPY) and some weakness in the Russell 2000 ETF (IWM). The moves, however, were fractional and insignificant. Six of the nine sectors were up with the three defensive sectors moving lower (healthcare, utilities and consumer... READ MORE
Boeing (BA) took a hit in January, rebounded in early February and then moved into a tight consolidation. Volatility has slowed to a crawl as the stock traded between 126 and 131 since February 11th. Trading volume is also slowing because Thursday's volume was the lowest of the... READ MORE
AMD Forms Tight Consolidation after Surge. IMAX Bounces off Support Again. Plus LRCX, NEM, PBCT, WY Individual charts are below video. Sorry but your browser doesn't support HTML5 video. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell... READ MORE
Stocks meandered on Wednesday and the major index ETFs finished mixed. The Russell 2000 ETF (IWM) edged lower as the S&P 500 SPDR (SPY) closed slightly higher. The sectors were also mixed, but we saw relative strength from the Consumer Discretionary SPDR (XLY) and the Finance SPDR (XLF)... READ MORE
Stocks surged on the open with the major index ETFs gapping substantially higher. There was some, but not much follow through after the gap, which suggest that most of the buying pressure occurred in the first twenty minutes. As noted in yesterday's Market Message, there are some pretty... READ MORE
The PerfChart below shows the year-to-date performance for ten country indices. Notice that US, European and Australian stocks are up this year. Asia shows some weakness because the Shanghai Composite, Hang Seng Composite and Nikkei 225 are down. The Bovespa, a big emerging market, is also down sharply this year.... READ MORE
BBRY Forms Flag after High Volume Gap. CTXS Surges and Forms Tight Consolidation. Plus DE, FTI, HLF, PMCS Individual charts are below video. Sorry but your browser doesn't support HTML5 video. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to... READ MORE
Stocks started the day under selling pressure, but firmed around midday and bounced in the afternoon. Even though the bounce was not that strong, it was positive to see stocks recover after the initial decline. Stock futures are sharply higher this morning and it looks like the situation in Ukraine... READ MORE
The Corn Trust ETF (CORN) sports a rounding bottom and breakout over the last few months. The rounding bottom extends from mid November to the end of February with a big bullish engulfing in the middle. The breakout is still a work in progress as CORN stalls with a flat... READ MORE
The Russian-Ukraine situation is affecting the markets this morning. Stocks are down in pre-market, the Euro is down and the Yen is down. Even though the Dollar is up, gold and oil are trading sharply higher, as is Natural Gas. European supply disruptions are likely because around half of Russian... READ MORE
The market can be divided into nine sectors using the S&P Sector SPDRs and the Rydex Equal-weight Sector ETFs. These sectors can be subsequently divided into three groups: offensive, defensive and other. Technology, finance, consumer discretionary and industrials make up the offensive group, which is key to a... READ MORE
The first image shows a screen shot from the StockCharts Technical Rank (SCTR) sorted by change to highlight the biggest movers. Three of these show big moves from relatively low levels (TGT,EW,NOV). Big moves mean something is happening and we should check the charts. The second image shows... READ MORE
Buying pressure continues to outpace selling pressure as the major index ETFs moved higher on Thursday. The Russell MicroCap iShares (IWC) led the way with a .88% gain. The Russell 2000 ETF (IWM) is leading the major index ETFs with a 2.33% gain over the past week. Among the... READ MORE
Shares of Dangdang ($DANG) are making a big move this month with a triangle breakout on expanding volume. First, notice how the stock surged from ~4 to ~12. Second, the triangle consolidation worked off overbought conditions. Third, the high volume breakout signals a continuation of this advance. Careful with this... READ MORE
AOL Firms at Support. FDX Extends Flag. Plus JDSU, PAYX, UPS Individual charts are below video. Sorry but your browser doesn't support HTML5 video. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** This... READ MORE
Stocks continued their meandering ways with the Nasdaq 100 ETF (QQQ) edging lower and the Russell 2000 ETF (IWM) edging higher. There were, however, some significant movers that support overall market strength. IWM hit a new high and led the market (small-caps). The Retail SPDR (XRT) extended its run and... READ MORE
Stocks meandered on Tuesday with some buying interest in the morning and selling pressure in the afternoon. The major index ETFs finished mixed with the Russell 2000 ETF (IWM) edging higher (.10%) and the S&P 500 SPDR (SPY) closing fractionally lower (-.04%). The sectors were also mixed... READ MORE
Treasuries caught a bid as the 20+ YR T-Bond ETF (TLT) surged almost 1% and the 10-YR Treasury Yield ($TNX) fell back to 2.7%. Both are above their 200-day moving averages, but TLT is bouncing off the 200-day and $TNX falling towards the 200-day. Put another way, TLT successfully... READ MORE
Stocks started strong and remained strong most of the day, but selling pressure hit in the afternoon and stocks gave up some of their gains. The Russell 2000 ETF (IWM) led the way with a .73% gain and the Nasdaq 100 ETF (QQQ) advanced .64%. Seven of the nine sectors... READ MORE
BA Hits Moment of Truth. BZH Bounces off Key Retracement. Plus CYH, DSX, MED Individual charts are below video. Sorry but your browser doesn't support HTML5 video. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short... READ MORE
The bulls lifted the Finance SPDR (XLF) with the DJ US Asset Managers Index, the DJ US Investment Services Index ($DJUSSB) and the DJ US Bank Index ($DJUSBK) leading the charge. All three were up more than 1%. Users can click on the industry names to see the stocks in... READ MORE
The major index ETFs dipped in the first half of the week and rebounded in the second half to extend their short-term uptrends. Even though these short-term uptrends look extended after sharp advances, there are no signs of weakness and the market is seeing strength in the right places. Also... READ MORE
Stocks moved higher this week, but not all groups participated. As the Rydex industry fund MarketCarpet shows, the Financial Servives Fund (RYFIX) and the Banking Fund (RYKIX) declined and underperformed the market. On the leadership and relative strength side, the Biotech Fund (RYOIX) and the Healthcare Fund (RYHIX) show the... READ MORE
Stocks pulled back for a day and then rebounded on Thursday with small-caps leading the way. All sectors were up, but the gains in three of the four offensive sectors were relatively muted. XLI led with a .94% gain, while XLK gained just .33%, XLY advanced .54% and XLF added... READ MORE
The Bollinger Bands are narrowing for Emcore (EMKR) as the stock moves into a tight consolidation. The indicator window confirms as BandWidth dipped to its lowest level in over six months. This volatility contraction could give way to a volatility expansion. A move above 5.05 would trigger an upside... READ MORE
Stocks started the week in strong uptrends, but were overbought after big moves in the first half of February. The release of the FOMC Minutes provided the trigger for some profit taking as stocks turned south in the afternoon. The declines, however, were relatively modest with the Nasdaq 100 ETF... READ MORE
AMZN Underperforms with Pennant. BTU Bounces with Good Volume. Plus FDX, FIO, ITUB Individual charts are below video. Sorry but your browser doesn't support HTML5 video. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said... READ MORE
The stock market surged over the last few weeks with the Nasdaq 100 leading the way. Intel also moved higher, but lagged as the price relative (INTC:$SPX ratio) hit a new low for the year this week. Also notice that the bounce occurred on very low volume and Intel... READ MORE