Stocks got a small bounce on Tuesday with mid-caps leading the way higher. All sectors were higher with the Consumer Discretionary SPDR (XLY), Finance SPDR (XLF) and Energy SPDR (XLE) gaining over 1%. All three were beaten down pretty good and were ripe for some sort of bounce. With a... READ MORE
Stocks took a beating over the last few weeks, and some more than others. The Sector MarketCarpet below reflects the absolute value for RSI on February 3rd. Stocks with low RSI values have dark red squares, while stocks with relatively high values have green squares. Most of the green can... READ MORE
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 commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy,... READ MORE
Stocks got slammed as the perfect storm just got more perfect. The list of negatives continues to grow. Starting internally, stocks were ripe for a correction in mid January and the Consumer Discretionary SPDR (XLY) has underperformed the entire year. Externally, the 20+ YR T-Bond ETF (TLT) has outperformed the... READ MORE
It has been a rough few months for LinkedIn as the stock fell from the 255 area in September to the 200 area in early December. The stock, however, is finding some support near the rising 200-day moving average with a big bullish engulfing. After a pullback in mid January,... READ MORE
After a big decline two weeks ago, stocks moved into a choppy consolidation last week. SPY produced three gaps two weeks ago and another three gaps last week. SPY gapped down from resistance on 23-Jan and gapped down again on 24-Jan en route to a sharp two-day decline. This decline... READ MORE
High-Low Percent for the S&P 1500 dipped into negative territory in late January. This is potentially significant because prior dips did not extend past the -2% level and marked turning points in the S&P 1500. The chart below shows the S&P 1500 High-Low Line... READ MORE
It has been a rough year for global equity markets, but the S&P/TSX Composite ($TSX) is bucking the trend with a small gain year-to-date. Notice that the Hang Seng Composite ($HSI) and Nikkei 225 ($NIKK) are leading Asia lower, while the Bovespa ($BVSP) is weighing on Latin... READ MORE
Stocks were hit with more selling pressure and the major index ETFs are now down year-to-date. This was enough to push the momentum indicators into negative territory and prompt a downgrade. This pullback, however, could be just a correction. Interestingly, large-caps led this decline and small-caps are holding up well.... READ MORE
Stocks got an oversold bounce with the major index ETFs gaining over 1% on the day. All nine sectors moved higher with the consumer discretionary, finance, technology, healthcare and utilities sectors gaining over 1%. The Home Construction iShares (ITB) lagged with a small loss and the Retail SPDR (XRT) only... READ MORE
After a sharp decline the last three days, the stock market was oversold and ripe for a bounce. Looking through the predefined scans page, chartists can find a great scan for this situation, such as the "oversold with an improving RSI" scan. While not every stock has a... READ MORE
ALTR Attempts to Hold Breakout. MSFT Bounces on Good Volume. Plus HUM, HFC, TSO, VZ 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
After a small bounce late Monday and Tuesday, stocks opened weak and remained weak on Wednesday. Stocks are still short-term oversold and the long-term trend remains up. This means we have a setup for an oversold bounce. The chart below shows the 10-day SMA for S&P 1500 AD... READ MORE
The 20+ YR T-Bond ETF (TLT), which is one of the best performing ETFs this year, is challenging its October high after a 5+ percent advance this year. The double bottom lows are around 101 and resistance is set at 108. A breakout here would target further strength to the... READ MORE
Stocks firmed on Tuesday and managed a bounce with the Russell 2000 ETF (IWM) leading the way. Eight of the nine sectors were up with the Finance SPDR (XLF) and HealthCare SPDR (XLV) advancing over 1.3%. The Technology SPDR (XLK) fell as weakness in Apple hit this market-cap weighted... READ MORE
CTXS Lags and Breaks Key Trend Line. CVC Makes a Big Move on Good Volume. Plus DS, DUK, KLAC, MCD 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... READ MORE
Stocks started the day weak, got a bounce in the afternoon and then moved lower in the final thirty minutes of trading. Overall, the major index ETFs closed with losses and small-caps led the way lower as IWM fell 1.46%. Small-caps were holding up well, but are starting to... READ MORE
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