Stocks opened weak, firmed and rallied into the close. The major index ETFs finished with modest gains, but the Nasdaq 100 ETF closed slightly lower. The Finance SPDR and Utilities SPDR led the sectors higher. The Consumer Discretionary SPDR fell as the Retail SPDR declined around 1%. Weakness in retail... READ MORE
Today charts feature three stocks from the finance sector, two from the tech sector and a biotech. Buying pressure is showing up in American Express over the last three days. Regional banks PBCT and RF are firming at key retracement. Microsoft formed a bullish candlestick in a support zone. Target... READ MORE
For the first time in over a year, the Russell 2000 closed below its 200-day moving average. This may seem like a long-term sell signal, but it really depends on the bigger trend. Notice how one would have been better off buying on breaks below the 200-day... READ MORE
After opening weak and recovering on Monday, stocks opened slightly lower and declined on Tuesday. I consider a weak open and steady decline more negative because it suggests consistent selling pressure. The Russell 2000 ETF (IWM) and Russell MicroCap iShares (IWC) led the market lower. Relative weakness in small and... READ MORE
The major index ETFs opened weak, but firmed in the first thirty minutes and bounced to close virtually unchanged. The overall results were mixed with the Nasdaq 100 ETF advancing .53% on the day and the Russell 2000 ETF (IWM) closing .12% lower. Despite mixed results at the end, it... READ MORE
AYI Tests Support Zone. BMY Bounces off Big Support. FLEX Forms Big Bull Flag. UNH Firms with Large Spinning Top. USB Finds Support near Key Retracement. Video is not available at the moment because we moved to a new blogging platform over the last few days. We are working on... READ MORE
Nothing much changed last week. SPY broke flag resistance and continued to lead the major index ETFs. IWM remains in a downtrend and formed a rising wedge, which could be a bearish continuation pattern. The markets shrugged off good economic news and closed weak on Friday. Perhaps Ukraine fears kept... READ MORE
The Technology SPDR (XLK) and the Finance SPDR (XLF) remain in uptrends overall, but Friday's intraday reversal could signal a near term peak and result in a bearish wedge. The first chart shows XLK hitting a new high in early April and then declining below 35.25 with... READ MORE
There is no change on the charts as the current patterns held up. SPY and QQQ have flag breakouts, while IWM is bouncing within a downtrend. IWM could be forming a bear flag/wedge over the last few days. Treasuries surged this week as the 10-YR Treasury Yield ($TNX)... READ MORE
The Consumer Discretionary SPDR (XLY) was leading the sectors at midday on Thursday. Trading in general was rather lackluster, but it is still positive to see some leadership from this economically sensitive sector. The Market Carpet below shows Netflix (NFLX), DirecTV (DTV), Abercrombie (ANF), TripAdvisor (TRIP) and Expedia (EXPE) leading... READ MORE
ADSK Corrects after Strong Advance DDD Firms at long-term Support ISIL Breaks Out after Earnings ITRI Tests Island Reversal Zone PVH Breaks Flag Resistance Video is not available at the moment because we moved to a new blogging platform over the last few days. We are working on the... READ MORE
Trading remains mixed as the market awaits the employment report on Friday, or perhaps jobless claims today. Despite a mixed market, the S&P 500 SPDR and Dow Diamonds continue to behave and act like they want to move higher. The Nasdaq 100 ETF also has a flag breakout... READ MORE
The S&P 500 is up around 1.75% over the last two months, but the Nasdaq is down around 4%. Part of the reason for this discrepancy can be found in the performance of ten key tech stocks. The PerfChart below shows IBM, Microsoft, Intel, Cisco and Oracle... READ MORE
The major index ETFs closed with small gains as the market treaded water ahead of today's FOMC statement. These gains were enough to produce flag breakouts in QQQ and SPY. IWM remains in a downtrend and small-caps continue to hold the market back. Some of the beaten-... READ MORE
It was a volatile and mixed day on Monday. The Dow Diamonds (DIA) closed a half percent higher to lead the major index ETFs, while the Russell 2000 ETF (IWM) closed .58% lower on the day. The sectors were mixed with technology, healthcare and consumer staples leading on the upside.... READ MORE
AMGN Spikes Near Support. BTU Breaks HS Resistance with Volume. Plus $EXPD, $GOOGL and $LEN VIdeo is unavailable while we work on a new interface. This chart analysis is for educational purposes only, and should notbe construed as a recommendation to buy, sell or sell-short said securities This commentary... READ MORE
Stocks sold off on Friday, but the long-term trends remain up. We cannot forget about the long-term trend because it is the bigger force. In other words, IWM and QQQ may be in downtrends since early March, but these downtrends are still considered corrections within bigger uptrends. Yes,... READ MORE
The S&P 500 is up 1.64% year-to-date and the Russell 2000 is down 1.66%. This market splits is also reflected in year-to-date performance for ten key industry group ETFs. Notice that five are up and five are down. The Retail SPDR (XRT)... READ MORE
Stocks have traded in mixed fashion for several weeks now. DIA, SPY and RSP are flat since early March, but QQQ and IWM are down. Relative weakness in small-caps and large-techs is a concern, but we have yet to see a breakdown in the broader market. Relative weakness... READ MORE
Juniper Networks (JNPR) is making waves because its StockCharts Technical Rank (SCTR) surged above 80 with one of the biggest SCTR gains among large-caps. Chartists can access the SCTR tables in the lower half of the home page. Click on "top up" to find the biggest SCTR... READ MORE
Stocks took a breather with techs leading the market lower on Tuesday. Relative weakness in techs may not last long because the Technology SPDR (XLK) and the Nasdaq 100 ETF (QQQ) are poised to open sharply higher on the heels of Facebook and Apple. Elsewhere, the Home Construction iShares (ITB)... READ MORE
ANF Follows Up on Hammer. BAC Firms in Support Zone. Plus C, JPM, SYMC 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-... READ MORE
Nvidia (NVDA) is showing relative strength as it breaks above consolidation resistance. The chart below shows the stock surging and then moving into a trading range that looks like a flat flag. A breakout here would signal a continuation higher. The indicator window shows the StockCharts Technical Rank (SCTR) above... READ MORE
After becoming short-term oversold on 10-11 April, stocks firmed Monday-Tuesday last week and started a rally on Wednesday-Thursday. This short-term upswing continued this week with both QQQ and SPY advancing six days straight. On the breadth charts below, notice that the AD Line and AD... READ MORE
The AD Volume Line held strong during the April pullback and formed a small bullish divergence over the last few weeks. The AD Volume Line is a cumulative measure of AD Volume Percent, which is advancing volume less declining volume divided by total volume. In this example, we are looking... READ MORE
I am on a family vacation until April 18th and Art's Charts will be on hiatus for the next two weeks. The next Art's Charts will be published on Monday, April 21st. Thanks for your understanding.... READ MORE
The 7-10 YR T-Bond ETF (IEF) is tracing out two potentially bullish patterns and chartists should watch these patterns for clues on the stock market. The chart below shows IEF hitting resistance in the 102.25-102.5 area and then correcting with a falling wedge. With Friday&... READ MORE
Apple (AAPL) appeared to be breaking out with a surge above triangle resistance in late March, but this breakout failed as the stock reversed in the trend line zone and broke back below 535 on Friday. Sometimes a failed signal is as value as a signal. In other words, this... READ MORE
After breaking the 200-day and 50-day moving averages with a sharp decline, the Gold Miners ETF (GDX) consolidated with a small pennant. Notice that this consolidation is occurring near the 62% retracement and early February lows. This puts GDX at a critical juncture. A break below support would... READ MORE
Programming Note: I will be at the MTA Symposium on Thursday and Friday, and Art's Charts will not be published on those days. The first trading day of the month lived up to its bullish reputation as stocks surged with a fairly broad-based rally. The Nasdaq 100... READ MORE
BZH Forms Classic Elliott Setup. CROX Forms Continuation Triangle. Plus F, JCI and TMUS Individual charts are below 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** Note: I am travelling this week and... READ MORE
Programming Note: I will be at the MTA Symposium on Thursday and Friday, and Art's Charts will not be published on those days. https://symposium.mta.org/ Stocks put in a pretty solid performance on the last day of the quarter as small-caps and healthcare led the... READ MORE
The Equal-weight Utilities ETF (RYU) is the best performing sector year-to-date with an 8% gain. The Equal-Weight Consumer Discretionary ETF (RCD) is the only sector in the red with a 2.23% loss. Absolute weakness in RCD and relative weakness in the Equal-weight Industrials ETF... READ MORE
Programming Note: I will be at the MTA Symposium on Thursday and Friday, and Art's Charts will not be published on those days. Stocks did the old pop-and-drop on Friday and finished the day mostly higher. Overall, it was a tale of two markets with the... READ MORE
Chartists looking for specific candlestick reversal patterns should check out the predefined scans page, which is updated intraday and end-of-day. Thursday's end-of-day results show a surge in the number of hammers (from 42 to 100 for a +58 gain). This indicates that many stocks... READ MORE
Stocks remained under selling pressure on Thursday, but selling pressure was not that strong and the major index ETFs closed with small losses. Seven of the nine sectors were down with the Finance SPDR (XLF) leading the decline (-.54%). The Energy SPDR (XLE) and Utilities SPDR (XLU) gained. The Regional... READ MORE
Google, LinkedIn and other momentum stocks fell sharply this month and became short-term oversold this week. Signs of a short-term low are emerging early Thursday as Google (GOOG) and LinkedIn (LNKD) trace out hammer patterns. Keep in mind that it is still early and these hammers are subject... READ MORE
BAC Zigzags Higher. CQP Holds Support with a Bad Tape. Plus CTB, HCA, PFE, WHR 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 fell on Wednesday with relatively broad-based selling pressure. The Russell 2000 ETF (IWM) and Russell MicroCap iShares (IWC) led the way lower as money moved out of the riskiest stocks. Eight of nine sector SPDRs were down three of the four offensive sectors falling over 1%. The materials... READ MORE
After lagging the market and the semiconductor group this year, CREE finally succumbed to selling pressure with a triangle break the last few days. Note that the S&P 500 SPDR and Semiconductor SPDR hit new highs in March, but CREE fell well short of its January high. The... READ MORE