There is no change in the indicator table. Relative weakness in interest rate sensitive stocks is weighing on the NYSE as the NYSE AD Line and NYSE Net New Highs lag their Nasdaq counterparts. Stocks remain in corrective mode, but there are clear pockets of strength out there. Notice that... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Stocks edged higher with techs leading the way again. The Nasdaq 100 Equal-Weight ETF (QQEW) advanced .49%, but the S&P 500 ETF (SPY) advanced just... READ MORE
The Steel ETF (SLX) is making some noise with a break above the flag trend line and challenge to the 200-day SMA. This moving average flattened just below resistance, which extends back to the May highs. With the 50-day turning up, price action is looking bullish and a flag breakout... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Techs took the lead on Wednesday with semiconductor and networking stocks scoring nice gains. The Nasdaq 100 ETF (QQQ) relative strength with a 1% gain, while the... READ MORE
AKAM Forms Cup-with-handle Pattern. BHI Challenges Wedge Resistance. Plus CME, EXPD, NBR, VMC 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 Version... READ MORE
Altera (ALTR) is showing upside leadership with a breakout and 52-week high on good volume. Overall, the pattern at work looks like a cup-with-handle, which is a bullish pattern. The rim breakout completes the pattern and argues for higher prices. Broken resistance turns first support to watch on a throwback.... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Stocks got the old pop and drop on Monday. The major index ETFs opened higher on the heels of Asian and European strength. It was also the... READ MORE
The Utilities SPDR (XLU) broke down as the 10-year Treasury Yield ($TNX) moved back above 2.8% on Monday. XLU was already in a downtrend after the lower high in July and mid August breakdown. After stalling with a pennant, the ETF broke pennant support to signal a continuation lower.... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** It is the beginning of the month and stock futures are trading sharply higher this morning. The German DAX Index ($DAX) was up 1.74% on Monday,... READ MORE
ESRX Corrects with Falling Wedge. LINTA Firms at Support Zone Plus SCCO, SCHL, SCHW Video at end of commentary **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 Version This commentary... READ MORE
The Gold Miners ETF (GDX) came under intense selling pressure earlier this week with a bearish engulfing and short-term support break. These two down days occurred on high volume. Also notice that the ETF is hitting resistance from the highs extending back to late April. Click this image for a... READ MORE
August was not a nice month for stocks. The S&P 500 is on schedule to post its biggest monthly loss since May 2012. Even though the overall trend is up and the bulk of the evidence remains bullish, I get the feeling that this correction could extend because... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Market action was mixed on Thursday with the Russell 2000 ETF (IWM) advancing around 1% and the S&P 500 ETF (SPY) advancing just .24%. Large-caps... READ MORE
Extra! and Pro users have access to the StockCharts Essentials ChartPack, which features 13 core chartlists with over 140 key charts. The image below shows the Essential US Industry Indexes in "summary" format and sorted by percent change. This makes it easy to distinguish between the leaders and... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Stocks got an oversold bounce on Wednesday, but the short-term trends remain down and this correction is likely to extent. The Nasdaq 100 ETF (QQQ) led the... READ MORE
ARMH Firms with Potential Triangle Forming. AVGO Breaks Flag Resistance with Volume. Plus BBBY, CTSH, TIBX Video at end of commentary **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 Version... READ MORE
Want to see what's hot today? Check out the ticker cloud on the home page. The bigger the symbol, the more popular the chart. As you can see, the Direxion Gold Miners Bull 3X ETF (NUGT) and the Direxion Gold Miners Bear 3X ETF (DUST) are quite popular... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** It was a good old fashion flight to safety on Tuesday. Stocks moved broadly lower, while the safe havens moved higher. The 20+ Year T-Bond ETF (TLT)... READ MORE
Looking for pockets of strength on a down day? Turn to the Sector Market Carpet. The first image shows the broad sector view with the utilities sector in light green. The other sectors are either red or a lighter shade of red, which means they are down. The second image... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Despite a worse-than-expected durable goods report, stocks opened firmed and advanced in early trading. The major index ETFs were in positive territory in the afternoon, but selling... READ MORE
AXP Breaks Triangle Trend Line. CRM Forms Bear Flag. Plus ENR, MDP, YUM Video at end of commentary **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 Version This commentary and... READ MORE
Chartists can get an idea of the overall market trend by comparing the number of bullish P&F signals with bearish P&F signals. StockCharts provides this data every day on the predefined scans page. Notice that there are 87 Triple Top Breakouts on the NYSE and only... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Stocks started the week under selling pressure, but finished strong with a rally on Thursday and Friday. The major index ETFs closed up for the week with... READ MORE
While the Home Construction iShares (ITB) battles broken support, Toll Brothers (TOL) is still holding support from the 2013 lows. The chart below shows TOL bouncing off support in mid August, but falling short of a breakout. The indicator window shows TOL relative to ITB using the price relative (TOL:... READ MORE
The bulk of the evidence remains bullish, but recent weakness took its toll on SPY momentum as this indicator trio turned bearish. Momentum indicators are leading indicators and will be the first to turn. However, they are also the most prone to whipsaws and bad signals. Of note, the $COMPQ:... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Stocks moved higher on Thursday with the Russell 2000 ETF (IWM) and S&P MidCap 400 SPDR (MDY) leading the way. Both gained over 1%. All... READ MORE
The US Commodity Groups PerfChart shows the performance for five commodity groups and the CRB Index ($CRB). Energy prices weighed on the CRB Index as the GSCI Energy Index fell over 1% this past month. In contrast, the GSCI Industrial Metals Index ($GYX) and the GSCI Precious Metals Index ($GPX)... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Stocks went on a wild afternoon run as the Fed minutes hit the tape. Despite a bounce attempt, the major index ETFs sold off and ultimately closed... READ MORE
BAC Channels back to Broken Resistance. BIIB Firms after Pullback. Plus DDD, IDTI, PG, UAL, UPS Video at end of commentary **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 Version... READ MORE
The chart below shows E*Trade (ETFC) with CandleVolume charts to accent volume. Upside volume has been strong in general and the stock gapped above 14 with the biggest volume since the mid March gap down. This gap zone around 14 has turned support as the stock firms just above.... READ MORE
The S&P 500 ETF (SPY) broke below its 50-day moving average on Monday, but moved right back above on Tuesday. This moving average held from December to early June. SPY broke below in late June, but quickly recovered and recaptured the moving average. It looks like another battle... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Selling pressure continued in both stocks and Treasuries on Monday. These two were negatively correlated most of the last two years, but have been positively correlated the... READ MORE
CAKE Stalls Below Prior High. HCA Extends Flag Correction. Plus HTZ, IACI, WDC Video at end of commentary **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 Version This commentary and... READ MORE
Children's Place formed a head-and-shoulders reversal pattern from late May to August and is currently testing neckline support. Notice that downside volume is outpacing upside volume and On Balance Volume (OBV) broke its June low this month. Click this image for a live chart... READ MORE
Selling pressure hit the stock market for the second week running as the major index ETFs lost ground. The Russell 2000 ETF (IWM) fell 2.27% last week, while the Nasdaq 100 ETF (QQQ) lost just 1.31%. Even though these are small losses in the grand scheme of things,... READ MORE
The Russell 2000 ETF (IWM) moved sharply lower this week to start a short-term downtrend, but this is still considered just correction within a bigger uptrend. There are simply no signs of a major top at this moment. Tops often form with major reversal patterns or consolidation, a bearish divergence... READ MORE
The image below shows the Market Carpet for just the consumer discretionary sector (cyclicals). Notice that Pulte (PHM) and Lennar (LEN) are leading on Friday, while Nordstrom (JWN) and Kohl's (KSS) are lagging. Chartists can double click on any symbol in the market carpet to expand that section... READ MORE
Stocks were hit with broad selling pressure over the past week, but this is not enough to affect the overall uptrends. As we saw in November and June, corrections are normal in uptrends. The challenge, as always, is distinguishing between a normal correction and the start of something more (extended... READ MORE
Selling pressure certainly intensified on Thursday with an across the board decline. The high-beta Russell 2000 ETF (IWM) led the major index ETFs lower with a 1.82 percent decline. All sectors were down with the Consumer Discretionary SPDR (XLY) leading the way. It is negative to see this economically... READ MORE
After weeks of indecision, the S&P 500 ETF (SPY) made a decisive move with break below the late July low. The gap and support break are short-term bearish as long as they hold. Using the Fibonacci Retracements Tools, chartists can estimate next support in the 50-62% retracement zone,... READ MORE