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
Directional changes seem to be more important than magnitude indicators these days. It is not the first time, nor will it be the last. The advance over the last two weeks started with a seemingly meek reversal. Volume was low and breadth was not that impressive when the stock market... READ MORE
The CandleGlance charts show the Nasdaq 100 ETF (QQQ) and its top five components (the video shows the top ten components). It is easy to see why QQQ is so strong. Google hit a new high above 1200 today, Apple is up 10% from its January low and Microsoft hit... READ MORE
Stocks begin a four-day week in strong short-term uptrends that are quite extended. In just two weeks, SPY is up over 5.66%, QQQ is up 6.55% and IWM is up around 5%. Even though stocks are ripe for a short-term pullback or consolidation, the medium-term trends are up... READ MORE
APOL Stalls after High Volume Decline. BAC Holds Flag Break. Plus GES, MDR, RRD 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
Chartists can find sectors with consistent performance by analyzing PerfCharts across different timeframes. The three PerfCharts show different performance periods for the S&P 500 and the nine sector SPDRs. I am looking at year-to-date performance and then dividing 2014 into two parts. The first part covers the period... READ MORE
The StockCharts Technical Rank (SCTR) shows relative performance for the S&P 500 stocks, S&P SmallCap 600 and S&P MidCap 400. Stocks with the highest values show the most relative strength. The screenshot below shows the S&P 500 stocks with the biggest positive... READ MORE
Stocks opened weak after a decline in retail sales, but soon caught a bid and closed strong. Buying pressure in the face of negative news is positive for the stock market. Also note that stocks advanced even as the 20+ YR T-Bond ETF (TLT) moved higher. These two have been... READ MORE
The screen shot below comes from a ChartList viewed in "summary" format using a one month price change. Overall, the market is quite mixed with five of the sector SPDRs down over the past month and only four up. The Utilities SPDR (XLU) and the Utilities Equal-Weight ETF... READ MORE
Stocks turned a bit mixed on Wednesday. The Dow Diamonds (DIA) edged lower, while the Russell 2000 ETF (IWM) edged higher. The price movements in the sector SPDRs were quite small. Tech stocks were strong again as the Semiconductor SPDR (XSD) surged 1.77% to lead the way and record... READ MORE
ARUN Tests the Breakout Zone. ASEI Forms Wedge near Key Retracement. Plus BOOM, EMKR, FNSR, JBHT, MS, S 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
Amazon (AMZN), the biggest internet retailer in the world, was immune to weakness in the retail group for most of January, but finally broke down with a break away gap. After an oversold bounce above 360, the stock is continuing lower today with a move below 350. The rising 200-day... READ MORE
Stocks extended the rally with the major index ETFs gaining around 1%. The rally seemed big because the Dow gained almost 200 points, but it was actually modest in percentage terms. DIA did lead the way with a 1.27% advance. The Russell 2000 ETF (IWM) lagged again with a... READ MORE
Looking for the big momentum movers? Check out the MarketCarpet using StochRSI in change mode. StochRSI is the Stochastic Oscillator applied to RSI, which makes it RSI on steroids. Clicking the change icon at the top shows the big movers. Today, we are seeing NE, CNX and GS with upside... READ MORE
Stocks extended their bounce with small gains in the major index ETFs on Monday. The Nasdaq 100 ETF (QQQ) led the way with a .57% gain and the S&P 500 SPDR (SPY) gained .18% on the day. The sectors were mixed with the Consumer Discretionary SPDR (XLY), Industrials... READ MORE
COST Holds the Gap FDX Breaks a Flag Line. Pus GERN, GS, JBL, X 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
Altera, which is part of the semiconductor group, is showing relative strength this year with a price breakout and new high for the year (2014). The stock established support from mid November to mid January and broke out with a gap in January. After some backing and filling, the stock... READ MORE
Stocks rebounded at the end of the week with the S&P 500 SPDR (SPY) and Nasdaq 100 ETF (QQQ) posting modest gains (+.84% and +1.19%). The Russell 2000 ETF (IWM) and the Russell MicroCap iShares (IWC), however, posted weekly losses of 1.26% and 1.91%, respectively.... READ MORE
After a plunge below 78 to start the week, the Retail SPDR (XRT) firmed with a harami on Monday-Tuesday and then formed a hammer on Wednesday. These are bullish candlestick reversal patterns that require confirmation, which came with a gap and surge to 80. Even though the short-term reversal is... READ MORE
Stocks got their oversold bounce with a decent advance, but small-caps lagged and breadth could have been stronger. SPY fell sharply on Monday and was down over 5% year-to-date at the time. The ETF firmed for two days and then bounced with its biggest 1-day advance of the year, which... READ MORE
Network security company Palo Alto Networks is resuming its uptrend with a flag breakout on twice its average volume. PANW surged to a new high earlier this year and pulled back with a flag the last few weeks. Notice that broken resistance turned into support in the 58 area. The... READ MORE
Stocks remained under pressure with the Russell 2000 ETF (IWM) falling .75% and the S&P 500 SPDR (SPY) losing .12%. Selling pressure, however, was contained as the Dow Diamonds (DIA) ended the day with a small gain. The sectors were mixed with the Energy SPDR (XLE) falling .98%... READ MORE
Three Stocks with a Selling Climax Plus Three Firming at Support 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
Edwards Life Sciences (EW) has been underperforming the biotech group for over a year, but the stock showed signs of buying interest with a bullish engulfing on high volume and follow through surge on Wednesday. Also note that support in the 65 area extends back to May and the stock... READ MORE