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
The Gold Miners ETF (GDX) remains in a downtrend overall, but the ETF is showing signs of life with a resistance challenge to start the year. Resistance in the 22-23 area stems from broken support, the August trend line and the early December high. GDX needs to clear this zone... READ MORE
Stocks finished the year strong as the major index ETFs and offensive sector SPDRs hit new highs. These new highs were confirmed with new highs in the AD Lines and AD Volume Lines. Net New Highs also expanded as the High-Low Lines hit new highs. New highs all around can... READ MORE
Stocks were hit with selling pressure on the first trading day of the year. A little profit taking after a sharp eleven day advance is pretty normal. While this decline could extend further and retrace a portion of the December surge, I am viewing it as a small correction and... READ MORE
Bank of America (BAC) is starting the New Year with a breakout on the price chart and surge in the StockCharts Technical Rank (SCTR). The SCTR is up over 15 points and back above 70, which made it easy to spot on the SCTR table when sorted by change. On... READ MORE
COP Firms on Good Volume. FLSR Continues to Show Relative Weakness. Plus GPS, LUB, PG, TSM 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
Seasonality worked quite well over the last two weeks as the major index ETFs surged from December 16th to yearend. All were up 4% or more over the last eleven trading days. The Russell 2000 ETF (IWM) and Dow Diamonds (DIA) led with gains exceeding 5%. All sectors moved higher... READ MORE
The Consumer Discretionary SPDR (XLY) and the HealthCare SPDR (XLV) are the top performing sectors year-to-date. Both are up over 40% and easily outperforming the S&P 500 SPDR (SPY), which is up a mere 29%. The Industrials SPDR (XLI) will take third place and the Finance SPDR (XLF)... READ MORE
Baker Hughes (BHI) perked up over the last few weeks by establishing support in the lows 50s and triggering three bullish P&F signals. First, notice that the stock forged a Triple Top Breakout at 53.7. Second, BHI triggered a bullish Catapult with a move above 54. Third,... READ MORE
The Nasdaq AD Line extended its year long uptrend with a surge and new high in December. The chart below shows the AD Line with a series of rising peaks and rising troughs (higher highs and higher lows). Also note that this new high in the AD Line confirms the... READ MORE
The Copper ETN (JJC) is poised to challenge resistance after a channel breakout this month. Notice that the ETF successfully tested the spring-summer lows with a 5+ percent bounce this month. A break above the spring-summer highs would forge a higher high and argue for the start of an uptrend.... READ MORE
The PerfChart below shows one-month performance for ten industry group ETFs. Even though I am concerned with relative weakness in the Retail SPDR (XRT), this concern is offset by relative strength in three other groups. It has been a good month for stocks with the Home Construction SPDR (ITB) and... READ MORE
With a strong open on Monday, the pre-defined technical alerts page is showing lots of green for the stock market. Notice that five sector SPDRs hit new highs, three major indices hit new highs and the S&P 500 Bullish Percent Index surged above 80. The table below today&... READ MORE
Programming Note: I will be taking time off between Christmas Eve and New Years. The next commentary for Art's Charts will be on Thursday, January 2nd. I wish everyone a very Merry Christmas season and a Happy New Year! Stocks finished the week on a strong note as... READ MORE
Key industry group ETFs within the technology sector are leading the market. This shows a healthy appetite for risk and bodes well for the economy. The PerfChart below shows one-month performance for the S&P 500 ETF (SPY) and six tech-related ETFs. The Nasdaq 100 ETF and the Nasdaq... READ MORE
After correcting the first two weeks of December, stocks caught a big bid after the FOMC policy statement and the major index ETFs recouped their prior losses. SPY fell from 182 to 178 and then surged to 182 on Wednesday. These moves were enough to propel the Nasdaq AD Line... READ MORE
After big gains on Wednesday, stocks corrected a bit to digest these gains on Thursday. The Russell 2000 ETF (IWM) and the S&P MidCap 400 ETF (MDY) fell back with losses around .75% on the day. DIA edged higher with a fractional gain, while SPY edged lower. Eight... READ MORE
A top-down browse through the sector summary shows that steel stocks are up in a down market on Thursday. Starting with the sector overall, chartists can see which sectors are leading and which are lagging. After clicking "materials sector", chartists will be taken to the industry groups within... READ MORE
The Fed finally decided to taper and the markets are reacted in a big way. Note that the Fed merely reduced its quantitative easing from $85 billion per month to $75 billion. It is, however, a start that marks a change in Fed policy. I think stocks were just waiting... READ MORE
BAX Surges to Wedge Trend Line on Good Volume. DHI Affirms Support with Big Bounce. Plus MXIM, NVDA, TIBX, XLNX 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
The Dow is making a bold statement as it holds the resistance breakout from November and exceeds flag resistance. The Dow broke to new high with a move above 15700 in early November and the 15600-15700 area turns support. This level held on the throwback, which formed a falling flag.... READ MORE
Today looks like a big day. First, we get housing starts and building permits before the open. Second, we get the Fed policy statement at 2PM ET. This is also Chairman Bernanke's last Fed meeting and last press conference, which will be at 2:30PM. Trading is likely... READ MORE
Reports of the death of the PC have been greatly exaggerated. Though not PC makers, the hard drive makers are strong with two hitting 52-week highs this week. Seagate (STX) and Western Digital (WDC) hit new highs and stand out on the predefined scans page. A search for STX shows... READ MORE
Stocks got a bounce on Monday with the Russell 2000 ETF (IWM) leading the way. The entire bounce, however, occurred in the first twenty minutes of trading. Even though there was no follow thru to the opening surge, the major index ETFs did hold their gains and finished the day... READ MORE