The Sector Carpet is mostly red on Monday, but pockets of green can be seen within the utilities sector as money moves into this defensive area of the market. Pepco Holdings (POM) is leading the group with a 1.5% gain. DTE Energy (DTE) and Ameren (AEE) are also showing... READ MORE
Stocks were finally hit with strong selling pressure over the last two days. Despite a sharp two-day decline, the bigger trends remain up and the mean reversion players are thinking bounce. SPY fell over 2% for the fourth time since August. The chart below shows daily candlesticks with the two... READ MORE
It has been a rough year for stocks and two key offensive sectors are leading the way lower. I like to group the sector SPDRs into three groups: offensive, defensive and other. The consumer discretionary, technology, finance and industrials sectors are offensive because they are key to market performance. The... READ MORE
The stock market finished strong in 2013, but has not been able to gain much traction in 2014. Instead, money has moved into the Gold SPDR (GLD) and the 20+ YR T-Bond ETF (TLT). The intermarket PerfChart shows TLT and GLD with 4+ percent gains year-to-date. Meanwhile, the S&... READ MORE
Stocks were hit with some selling pressure this week, but the bigger trends are unaffected and remain up. The market is split with pockets of weakness and pockets of strength. The consumer discretionary is lagging with a four week low, while the technology sector is leading with a new high... READ MORE
Stocks got hit with selling pressure, but the declines were not that deep. The Dow Diamonds (DIA) led the way lower with a 1.08% loss. The Nasdaq 100 ETF (QQQ) held up the best with a .38% decline. All sectors were down with three of the four offensive sectors... READ MORE
JP Morgan (JPM) is leading the finance sector lower on Thursday with a gap and support break. This gap should be considered a breakaway gap as long as it remains unfilled. The indicator window shows the MACD Histogram moving to its lowest level in over four months. This means the... READ MORE
The edging continues as stocks once again edged higher with techs and small-caps leading the way. The Dow Diamonds (DIA) once again lagged with a small loss, which can be blamed on IBM. The sectors were mixed with the Technology SPDR (XLK) falling a fraction and the Materials SPDR (XLB)... READ MORE
AFL Underperforms with Bearish Pennant. CIEN Recovers after Break Down. Plus DDR, HRB, IP, JOY, OXY 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
Momentum darling Chipotle (CMG) has come under selling pressure with eight filled candlesticks in a row. A filled, or black, candlestick forms when the close is below the open, which indicates selling pressure after each open. Should today's long filled candlestick remain, a rare three black crows pattern... READ MORE
Stocks edged higher on Tuesday, which fits with the seasonal tendencies after a three day weekend in January. The Russell 2000 ETF (IWM) led the way with a .60% gain. The Dow Diamonds (DIA) lagged with a .21% loss though. Eight of the nine sectors were up with energy and... READ MORE
The PerfChart below shows three month performance for seven auto stocks, six of which feature in the Global Auto ETF (CARZ). Notice that Fiat, VW and Damlier have the biggest gains. Even though these three are based in Europe, they have global reach and benefited from strong auto sales elsewhere.... READ MORE
Stocks were all over the place last week and ended mixed. The major index ETFs swooned on Monday, but recovered with a surge on Tuesday and strong open on Wednesday. A little profit taking took hold on Thursday-Friday as stocks gave some back at the end of the week. Overall,... READ MORE
Download 140121acCNL Holds Triangle Breakout. CPB Fails at Resistance. Plus FAST, LOW, PNRA, GLQC 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
Electronic Arts (EA) came to life with its second bounce off support and a breakaway gap. This gap occurred on high volume and the stock broke above the late December high. Friday's move put EA into positive territory for the year. In addition, the StockCharts Technical Rank (SCTR)... READ MORE
New highs say it all. The AD Lines and AD Volume Lines hit new highs. Four of the five major index ETFs also hit new highs, as did two of the four offensive sectors hit new highs. We can argue about overbought conditions and the odds of a pullback, but... READ MORE
It was a mixed day for stocks as the major index ETFs treaded water most of the day. The Russell 2000 ETF (IWM) edged higher (+.12%), while the S&P 500 SPDR (SPY) edged lower (-.13%). The sectors were mixed with small losses in the offensive sectors (XLK,... READ MORE
As its name suggests, the Market Summary provides an excellent overview of the financial markets in one page. There are nine tables representing nine different groups. A quick scroll through Thursday's tables reveals some buying interest in several commodity-related ETFs: Copper (CU), Natural Gas (UNG), Sugar (SGG), Coffee... READ MORE
Stocks continued higher with the tech sector leading once again. In fact, three of the four offensive sectors led what was really a mixed market. XLK and XLF gained over 1%, while XLI advanced .61%. The Consumer Discretionary SPDR (XLY), however, only managed a .24% gain. Within tech, networking stocks... READ MORE
BOOM Forms Long Bullish Consolidation. BRCM Forms Bull Pennant after Breakout. Plus CERN, CHRW, CTXS, URBN 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
The Steel ETF (SLX) is perking up after a pullback to support. First, notice how broken resistance in the 46.5-47 area turned into support and held in November and December. With the January test, the ETF formed a piercing pattern on Tuesday and confirmed this candlestick reversal with another... READ MORE
After one day of selling pressure on Monday, stocks rebounded with the technology sector leading the way. Networking stocks held up well during Monday's decline and semiconductor stocks led the way on Tuesday. Even though we did not see new highs in the major index ETFs, note that... READ MORE
Stocks were hit with a broad-based selloff, but selling pressure was not that intense. The Russell 2000 ETF (IWM) led the way lower with a 1.05% decline and the Nasdaq 100 ETF (QQQ) held up the best with a .74% loss. All sectors were down with the Consumer Discretionary... READ MORE
AAPL Firms near Key Retracement. AN Breaks Trend Line with Volume Expansion. Plus CNX, EBAY, IBM, JOY 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,... READ MORE
The Sector Market Carpet showed a lot of red on Monday, but there were a few green squares within the tech sector. In fact, a couple of networking stocks led as F5 Networks (FFIV) and Juniper (JNPR) scored big gains. Also notice that Xerox (XRX), Red Hat (RHT), Hewlett Packard... READ MORE
Despite a big miss for December non-farm payrolls, stocks managed to finish strong and end the week on an up note. The S&P MidCap SPDR (MDY) led the market with a .74% gain, while the Dow Diamonds (DIA) lagged with a .01% loss. The miss in non-farm payrolls... READ MORE
The Dow Diamonds (DIA) and several key stocks within the Dow formed bullish continuation patterns over the last two weeks and traders should watch these patterns for breakouts. DIA formed a falling flag and this pattern represents a rest after a sharp advance. Such a rest or pullback is actually... READ MORE
Stocks are off to a rough start in 2014 with seven of the nine sectors SPDRs under water. The Energy SPDR (XLE), Materials SPDR (XLB) and Consumer Staples SPDR (XLP) are leading the way lower. On the flipside, the HealthCare SPDR (XLV) and the Finance SPDR (XLF) show gains and... READ MORE
Stocks did not do much this week (as of Thursday) and there is no change in the indicator summary. The AD Lines and AD Volume Lines are in clear uptrends with new highs over the last few weeks. The offensive sectors are leading with XLF hitting a new high this... READ MORE
Stocks continued their mixed ways with the Russell 2000 ETF (IWM) closing fractionally higher (-.03%) and the Nasdaq 100 ETF (QQQ) edging lower (-.33%). The technology sector led the way lower as networking, internet and semis came under selling pressure. Materials-related stocks extended their declines with the Coal... READ MORE
Stocks were under mild selling pressure early Thursday, but airlines bucked the trend with good gains and fresh highs. A look at the predefined scans page shows several airlines and two airline-related stocks making the 52-week high list today. Despite new highs and uptrends, also note that UAL, DAL, LUV... READ MORE
Stocks were mixed on Wednesday as investors digested the strong ADP report and the prospects of further tapering down the road. Actually, strong job numbers and tapering are nothing new. These realities were simply reinforced with the ADP report and the FOMC minutes, which showed that most policy makers favor... READ MORE
AAN Bounces off Support on Good Volume. CIEN Challenges Resistance. Plus $JBLU, MEDI, SWK and WAG. 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
Weakness in oil continues to weigh on the Oil & Gas Equip & Services SPDR (XES) as the ETF broke flag support. The chart below shows XES hitting resistance at the 50% retracement and breaking flag support over the last three days. This signals a continuation of the prior decline... READ MORE
Turnaround Tuesday took hold as stocks bounced to end the 2014 slump, which lasted a whole three days. The gains, however, were relatively muted as participants held back ahead of Friday's employment report. The employment numbers will start coming in with the ADP Report today, the Challenger report... READ MORE
The S&P 500 hit a new high in late December, but the Retail SPDR (XRT) fell short of its prior high and could be forming a lower high, which is the first step to a downtrend. The June trend line and December low mark key support in the... READ MORE
Stocks extended their correction with relatively mild selling pressure. The Russell 2000 ETF (IWM) led the decline with a .81% loss, but the S&P 500 SPDR (SPY) only lost .29% on the day. The sectors were mixed with the Consumer Discretionary SPDR (XLY) and Industrials SPDR (XLI) edging... READ MORE
AAPL Hits Key Level as Volume Ticks Higher. BMY Forms a Pennant. Plus EA, GME, WDAY 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
The Coal ETF (KOL) got a summer bounce, but stalled in the autumn and then hit resistance from the falling 200-day moving average. The 50-day moving average joined the battle as it met the 200-day at the end of December. With a sharp downturn the last three days, KOL appears... READ MORE
Stocks got off to a rough start in 2014, but the big trends were unaffected by this relatively shallow pullback. In fact, a two day pullback after an eleven day advance is pretty normal. Techs were hit Thursday and Friday as the Nasdaq 100 ETF (QQQ) fell 1.5%. Small-caps... READ MORE