Big banks show relative weakness and short-term breakdowns. BAC C JPM. Plus $HOG and $ACN Video is at top. Individual charts are below. Click here for iPad/iPhone Version **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short... READ MORE
Stocks finally took a breather with small-caps leading the way lower. The Russell 2000 ETF (IWM) fell 1.37% and the Russell Microcap ETF (IWC) fell 1.70%. All sectors were down, but the losses were relatively modest. The Consumer Staples SPDR (XLP) led the way lower with a .86%... READ MORE
With a strong open and weak close, dozens of stocks and ETFs made the bearish engulfing scan on Wednesday. These patterns form when the current open is above the prior close and the current close is below the prior open. The result is a black candlestick that engulfs the body... READ MORE
The rally rabbit continued its run as the S&P 500 ETF (SPY) hit a new high. All major index ETFs were up, but the gains were modest and I am starting to see a little relative weakness in the Russell 2000 ETF (IWM) and S&P Midcap... READ MORE
BroadCom (BRCM) gapped down after an earnings miss and opened near 25 last week. The stock hit its low in the first 30 minutes with a spike in volume (6 million). The stock subsequently rallied and ended the day with over 30 million shares. Moreover, the stock continued higher the... READ MORE
Stocks finished mixed on Monday with the Russell 2000 ETF (IWM) falling .05% and the S&P 500 ETF (SPY) rising .16%. The sectors were also mixed with relatively small moves, excluding the Consumer Staples SPDR (XLP), which surged 1.31% and hit a new high. Semis rebounded with... READ MORE
AMTD Forms Flag after Breakout. Aroon Indicators in Parallel Decline for $ATVI. Plus $CPRT $CX $EA $RDC $TTWO $TSN Video is at top. Individual charts are below. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities*... READ MORE
The Consumer Staples SPDR (XLP) surged above its May-September highs and recorded a 52-week high with a big move over the last three weeks. A look at the Sector Market Carpet shows Hershey (HSY), Avon (AVP) and Coca-Cola (KO) leading with 2+ percent gains on Monday. HSY also recorded a... READ MORE
Oracle (ORCL) held its own from July to September, but weakened in October and showed relative weakness. The indicator window shows the price relative turning down and breaking below the August-September lows. On the price chart, ORCL fell to 32 and then formed a rising wedge the last few weeks.... READ MORE
Stocks simply continue to march higher. Buying pressure may be waning, but it is still outpacing selling pressure. The Nasdaq and NYSE AD Lines and AD Volume Lines hit new highs. Net New Highs surged in October and four of the five major index ETFs recorded 52-week highs this month.... READ MORE
The major index ETFs edged higher with modest gains. Selling pressure hit some areas of the market, but there were some pockets of serious strength that lifted the stocks. In particular, the Home Construction iShares (ITB) continued its rise with a 2.84% advance on the day. Strength in housing... READ MORE
The Gold Miners ETF (GDX) got a nice bounce the last seven days with a break above the late August trend line. Even though the big trend remains down, the short-term trend is now up with this small breakout. Longer-term, a potential double bottom is taking shape with the August... READ MORE
After hitting new highs for the move early Tuesday, stocks weakened over the last two days with the Technology SPDR (XLK) and Energy SPDR (XLE) leading the way lower. Over the last three days, the S&P 500 ETF (SPY) formed a reversal with a gap up, consolidation and... READ MORE
ADSK Hits Support Zone after Pullback. CZR Retraces 62% with a Wedge. Plus SRPT, USG, WDAY Video is at top. Individual charts are below. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Click here for... READ MORE
Stocks extended their rally with another broad based advance. The S&P 500 ETF (SPY) and the S&P Equal Weight ETF (RSP) both gained around .70% on the day. Eight of nine sectors were up with the Materials SPDR (XLB), Consumer Staples SPDR (XLP) and Utilities SPDR... READ MORE
Alcoa moved below 9 in mid 2012 and proceeded to form a long base over the last 15 months. This base gave way to a reversal with a surge above 9 and a 52-week high (intraday). Also notice that the surge started with strong volume. This week's volume... READ MORE
COH Firms within Falling Flag. DOX Breaks out on Good Volume. Plus GTIV, LMT and RTN Video is at top. Individual charts are below. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Click here for... READ MORE
Stocks treaded water with mixed trading on Monday. The Nasdaq 100 ETF (QQQ) edged higher with a .22% gain, while the Russell 2000 ETF (IWM) edged lower with a .20% loss. The sectors were mixed with the Technology SPDR (XLK) gaining .54% and the Healthcare SPDR (XLV) loosing .51%. Homebuilders... READ MORE
A short-term breakdown is in the works for the Biotech SPDR. The ETF returned to broken support and this zone turned into resistance as a bearish engulfing formed on Friday. The ETF followed up this reversal pattern with a trend line break on high volume. This break signals a continuation... READ MORE
The bull stampede continued last week as the Nasdaq 100 ETF (QQQ) led the major index ETFs to new highs. All sectors were higher last week with the Finance SPDR (XLF) and Energy SPDR (XLE) leading the charge. Finance is the big story because this sector went from relative weakness... READ MORE
Stocks went on a tear the last two weeks with all indices and sectors moving higher. In the past week, we saw fresh 52-week highs in the Russell 2000 (small-caps), Nasdaq (techs) and the S&P 500 (broader market). These new highs affirm the long-term uptrends in stocks and... READ MORE
The S&P Equal Weight ETF (RSP) is up some 1.81% over the past month, but the Equal-weight Consumer Discretionary ETF (RCD) and Equal-weight Technology ETF (RYT) are up much less. These two "offensive sectors" are underperforming the broader market. In contrast, the Equal-weight Utilities ETF... READ MORE
There are some minor divergences brewing, but the overall picture remains positive for stocks. The market is clearly strong as four of the five major index ETFs surged to new highs this week. The Dow SPDR (DIA) is the lone laggard because it remains below its September high. Breadth remains... READ MORE
Stocks continued their march higher with interest rate sensitive issues leading the charge. The Utilities SPDR (XLU) led the sectors higher with a 1.62% gain and the Home Construction iShares (ITB) surged above the mid September trend line. The 20+ Year T-Bond ETF (TLT) broke falling flag resistance and... READ MORE
IBM, also known as big blue, is weighing on the market with a gap down and 52-week low. This is not the first sign of weakness though. Notice that the stock peaked way back in March and its 50-day crossed below its 200-day in early August. The price relative (IBM:... READ MORE
The government reopened as congress passed a deal and the president signed off. That is the good news. The bad news is that this process will repeat itself early next year. This would be funny, if it weren't so sad. Stocks, however, don't seem to care... READ MORE
ALTR Breaks Channel Resistance. CHRW Hits Resistance at Gap. Plus JNPR, LEN and WY Video is at top. Individual charts are below. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Click here for iPad/iPhone... READ MORE
The Finance SPDR (XLF) led the market higher with a 1.83% surge on Wednesday. With this move, XLF is challenging triangle resistance and the September high. A breakout would signal a continuation of the bigger uptrend and argue for new highs. The indicator window shows the price relative (XLF:... READ MORE
Despite a few negative dips, Nasdaq 100 High-Low Percent ($NDXHLP) has been mostly positive throughout 2013. The red arrows show the brief, and shallow, dips into positive territory. Last week's dip did not last long as High-Low Percent surged to 15% this week. A downtrend is pretty much... READ MORE
The on-off deal in Washington DC was off on the open and back on by the close. Accordingly, stocks opened weak and closed strong with the Russell 2000 ETF (IWM) and Nasdaq 100 ETF (QQQ) hitting new highs. This means small-caps and big techs are showing relative strength, which is... READ MORE
AMD Challenges Key Level with Volume. PENN Forms Continuation Pattern after Breakout. Plus PFE, RDC, RF, STI Video is at top. Individual charts are below. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Click here... READ MORE
Signs of hope dissipated over the weekend as the war of words took over in Washington. It is hard to say what is a negotiating ploy and what it substantive. One this seems for sure though: this is going to go down to the wire and any deal will likely... READ MORE
The Oil Equipment & Services industry was hot on Monday with several stocks hitting new highs. Chartists can find a list of new highs on the pre-defined scans page, which is updated throughout the trading day. This list can be sorted by sector or industry group by clicking the column... READ MORE
The StockCharts Technical Rank (SCTR) for Vulcan Materials surged above 50 to record the second biggest SCTR gain among S&P 500 stocks. On the price chart, the stock broke resistance with the Septmeber surge and broken resistance turned support as a bull flag formed. A break above flag... READ MORE
Stocks pulled back in early October, but the long-term uptrends were never in jeopardy and the indicator summary stayed green the entire time. Net New Highs for the Nasdaq and NYSE dipped to the zero line earlier this week, but bounced with Thursday's stock market surge. The trends... READ MORE
Stocks surged on hopes of a deal in Washington. Is this hope justified or will we be back at a stalemate in a few days? Should traders fade the rally or does this rally have legs? Personally, I think this rally is based on short covering and there is little... READ MORE
The finance sector is leading Thursday's market rebound with all stocks in the sector showing gains in early trading. The image below shows the market carpet for the finance sector and all components are green today. The top five are up over 3% and even the bottom five... READ MORE
Stocks started the day weak, but caught a lunchtime bid and bounced off their morning lows. There was no follow through to this bounce as the major index ETFs fell back in the final hour and ended the day mixed. Large-caps gained as the Dow SPDR (DIA) and S&... READ MORE
AAPL Forms Bullish Continuation Pattern. APH Firms at Support with Good Volume. Plus CL, CVS, FLO, TEVA Video is at top. Individual charts are below. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Click here... READ MORE
After recording new highs just a few weeks ago, the darlings of the stock market were hit hard as traders sold risk and sought relative safety. LinkedIn (LKND), Tesla (TSLA), Yelp (YELP) and RackSpace (RAX) fell more than 9% in the last five days. All eight stocks in the PerfChart... READ MORE