CRM Stalls at Support Zone. CVC Forms Continuation Pattern after Breakout. Plus CY, IBM, KSS and NNA 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 PHLX Gold & Silver Index ($XAU) is actually showing some strength with a small gain over the last six days. Perhaps this is because most other industry group indices are down and XAU is a contrarian play. The PerfChart below shows John Murphy's eight industry groups since... READ MORE
Stocks extended their correction as the S&P 500 ETF (SPY) saw its biggest weekly decline since August. The Russell 2000 ETF (IWM) led the major index ETFs lower with a 2% decline last week. In an interesting twist, the defensive sectors showed the biggest losses. The Healthcare SPDR... READ MORE
The Sector MarketCarpet shows that Delta and Southwest, two airline stocks, are leading the industrials sector on Thursday. Airlines tend to move as a group and this means other airline stocks are likely strong as well. Note that both stock hit 52-week highs in late November and led the market... READ MORE
The December pullback weakened a few indicators, but the bulk of the long-term evidence remains bullish. Most notably, the NYSE AD Line formed a small bearish divergence, as did the NYSE AD Volume Line. The Nasdaq AD Line and AD Volume Line, however, did not form divergences and techs remain... READ MORE
Stocks put in a mixed performance on Thursday as the Russell 2000 ETF (IWM) edged higher and the Nasdaq 100 ETF (QQQ) edged lower. The sectors were also mixed with the Consumer Staples SPDR (XLP) taking the biggest hit (-1.38%). Techs were under pressure from the Networking iShares (IGN)... READ MORE
The Natural Gas ETF (UNG) is on a tear with a 15+ percent gain since October 30th. The PerfChart below shows UNG with nine other commodity-related ETFs. The eight metal-related ETFs are down with the Gold SPDR (GLD) and Silver Trust (SLV) leading the way lower. The US Oil Fund... READ MORE
Stocks extended their corrective ways as the major index ETFs fell over 1%. While most news outlets suggested that this was a taper tantrum, I am not so sure because stocks were up substantially in November, not to mention year-to-date. The prospects of a taper have been building for weeks... READ MORE
DDD Forms Dark Cloud at Prior High. DNDN Edges Higher with Good Volume. Plus EBAY, SYSS, TSM and XONE 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... READ MORE
The European Top 100 Index ($EUR) broke below the lower trend line of a five month channel with a sharp decline this month. In addition, notice that the index broke below the mid November low and these breaks are holding. European stocks are also showing relative weakness as the price... READ MORE
SPY and QQQ remain in short-term uptrends, but stocks are in a December funk of sorts. Small-caps are lagging as IWM filled its gap and failed to hold its breakout. As shown yesterday, the S&P 500 AD Line formed a bearish divergence and broke support. In Tuesday'... READ MORE
Teva Pharmaceuticals (TEVA) has been all over the place since early October, but two bullish patterns are taking shape and the stock could be poised for a breakout. First, the stock formed a massive island reversal with the late October gap down and the late November gap up. Second, the... READ MORE
BOOM Shows Relative Weakness. CVC Breaks Out with Good Volume. Plus FLIR, LXK, SWC Individual charts are below video. Sorry but your browser doesn't support HTML5 video. Click here for iPad/iPhone Version **This chart analysis is for educational purposes only, and should not be construed as a... READ MORE
Stocks meandered on Monday with the Nasdaq 100 ETF (QQQ) edging higher (.41%) and the Russell 2000 ETF (IWM) closing fractionally lower (-.03%). Seven sectors were up and two were down (XLU and XLY). Despite weakness in the consumer discretionary sector, the Home Construction SPDR (ITB) and the Retail... READ MORE
Seagate Technology (STX), which is a Nasdaq stock with a three letter symbol, opened strong and closed weak to make the dark cloud scan list. These are potentially bearish patterns that require confirmation. A move below 49.5 would break the three week trend line and produce a bull trap,... READ MORE
The "January effect" refers to the propensity for stocks to outperform in January and for small-caps to outperform large-caps in January. According to this theory, stocks tend to rise more in January than most other months and small-caps tend to rise even more. Chartists looking to test these... READ MORE
The yield curve is steepening as the 10-YR Treasury Yield ($TNX) surges more than the 2-YR Treasury Yield and the 3-Month Treasury Yield. A steepening yield curve confirms loose monetary policy and this could help banks, which make money by borrowing short and lending long. Click this image for a... READ MORE
The bulk of the evidence remains bullish as stocks continue in strong uptrends. The Nasdaq AD Line and AD Volume Line hit new highs as techs led the market in November. The NYSE AD Line and AD Volume Line are lagging somewhat, but are nowhere close to breaking down and... READ MORE
Stocks extended their corrective ways as the S&P 500 ETF (SPY) lost ground for the fifth consecutive day. Bespoke reports that 1996 was the last time the S&P 500 started December with a five day decline. Maybe so, but the index is down a mere 1.... READ MORE
Facebook (FB) got a bounce over the last seven days and broke above the wedge trend line. This is the first step to ending the correction that started in mid October. The 50-day moving average is the next hurdle. A follow thru break above this moving average on good volume... READ MORE
Stocks extended their mixed correction with weakness for the third day running. The declines, however, remain very modest and selling pressure has been contained. The Russell 2000 ETF (IWM) lost .27% on the day, while the Nasdaq 100 ETF (QQQ) edged higher with a .09% gain. Microsoft led QQQ higher... READ MORE
ATVI Triangulates with Two Patterns. CHRW Tests Key Support Level. Plus EMC, FFIV and TIBX Individual charts are below video. Sorry but your browser doesn't support HTML5 video. Click here for iPad/iPhone Version **This chart analysis is for educational purposes only, and should not be construed as... READ MORE
Lexmark (LXK) presents a conundrum for traders. On the bullish side, the stock bounced off support near 35 with a three day advance on pretty good volume. Relative to the market, the stock is also holding up pretty well the last three days. On the bearish side, the stock shows... READ MORE
The major index ETFs corrected over the last two days, but this correction turned mixed as the tech sector held up relatively well on Tuesday. Also notice that the declines in the major index ETFs were modest and not that significant, especially considering the big gains from November. The PerfChart... READ MORE
Brent Crude ($BRENT) surged above $110 this week and WTI Crude ($WTIC) moved above $96, but the spread between the two remains wide. The chart below shows Brent trading some $18 higher than WTI. The indicator window shows the $BRENT:$WTIC ratio nearing 1.2 for the first time since... READ MORE
After a two week surge at the end of November, stocks started December with some selling pressure. Small-caps and micro-caps led the two week surge, and the Monday pullback. The Russell 2000 ETF (IWM) fell 1% and the Russell Micro Cap ETF (IWC) fell 1.44%. The sectors were mixed... READ MORE
AMT Bounces off Key Retracement with Volume. AN Forms Flag after Wedge Break. Plus CY, FB, PLCM and TER. Individual charts are below video. Sorry but your browser doesn't support HTML5 video. Click here for iPad/iPhone Version **This chart analysis is for educational purposes only, and should... READ MORE
Gap is making some waves with an island reversal in early November and wedge breakout here in early December. Also notice that the SCTR surged above 40 and is on the verge of breaking into the upper half of its range. Click here for the current SCTRs for the S&... READ MORE
Trading was a bit strange last week, but stocks remain in short-term uptrends and still show no signs of sustained selling pressure. First, the trading week was short because of the Thanksgiving holiday and shortened day on Friday. Second, volume levels were low. Third, trading was rather mixed with the... READ MORE
After a big surge in October, Qlogic (QLGC) moved into a consolidation as volatility contracted. Notice that the Bollinger Bands contracted and the Bandwidth moved to its lowest level of the year. The stock is showing some signs of buying pressure with two white candles over the last five days.... READ MORE
The Home Construction SPDR (ITB) is making a bid to break resistance as Aroon Up surges above Aroon Down. Also notice that Aroon Up hit 100, which suggests that a new uptrend may be emerging. Note, however, that this is the third time in three months that Aroon Up has... READ MORE
The cup-with-handle pattern is a bullish continuation pattern that was popularized by William O'Neil of IBD. The handle marks a small consolidation near resistance and the breakout confirms the pattern. With the cup measuring around three points from low to high, chartists can project a three point move... READ MORE
Stocks opened higher on Monday with several ETFs hitting new highs and new all time highs. Chartists can follow these milestones on the Predefined Technical Alerts page. In addition to several major stock indices, note that XLY, XLV, XLI and XLF recorded new highs on Monday. Also note that oil... READ MORE
Programming note: I am taking some holiday this week and Art's Charts will not be updated on Tuesday, Wednesday and Friday. The market is closed on Thursday and will close early on Friday (1PM). Stocks were relatively mixed last week, but some groups led the market and the... READ MORE
Three of the nine sector SPDRs hit new highs this week with the Finance SPDR (XLF) leading the way. The Energy SPDR (XLE) and the Healthcare SPDR (XLV) also recorded new highs. Even though XLF has been underperforming the S&P 500 since summer, this key sector is showing... READ MORE
The Retail SPDR (XRT) has been one of the strongest industry group ETFs this year with a 25+ percent advance. Even though the ETF is looking overextended as it hits the upper trend line of a rising channel, it is by no means weak. Notice that XRT has traded in... READ MORE
The healthcare sector is one of the strongest sectors in the market, but Gentiva (GTIV) has lagged and failed to keep pace. Even though the stock is in a medium-term downtrend, this decline could be a correction. Notice how the decline formed a falling wedge and retraced 62%. Also notice... READ MORE
Programming note: I am on the road Friday and commentary for Art's charts will not be published on Friday. The next commentary will be on Monday. Taper talk allegedly weighed on the market Wednesday, but the declines in the major index ETFs were minimal. The S&P... READ MORE
APC Forms Flag after High Volume Decline. ATML Springs a Bear Trap. Plus DHI, EMC and HPQ 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** Sorry but your browser doesn&... READ MORE
The Nasdaq 100 MarketCarpet was mixed on Wednesday with several big losers and a handful of strong gainers. The dark green boxes show big gains in Yahoo! (YHOO), Vertex (VRTX), PriceLine (PCLN) and Gilead Science (GILD). These gains were countered with sizable losses in Tesla (TSLA), Randgold (GOLD), Ebay (EBAY)... READ MORE