With a sharp decline this month, the Copper ETF (JJC) entered a support zone that extends back to the 2010 lows. The ETF also become oversold as RSI dipped below 30 for the first time since September 2011. The knife, however, is still falling as long as RSI remains below... READ MORE
There were a few downgrades this week as stocks took a big hit for the second time this month. The AD Lines were downgraded to neutral because the Nasdaq AD Line broke support and the NYSE AD Line has yet to break support. The dominant sectors were downgraded because three... READ MORE
Stocks extended their losses on Thursday with the Nasdaq 100 ETF (QQQ) leading the way lower. Once again, Apple declined and weighed heavily on QQQ. Apple is down over 8% this week and earnings are scheduled next week. As opposed to the S&P 500, which was priced to... READ MORE
The Hindenburg Omen triggered on Monday as the percentage of new lows and new highs on the NYSE moved above 2.8%. There is some debate on this threshold because I have seen 2.2% and 2.4% used by other analysts. Using these lower thresholds, the omen triggered again... READ MORE
Stocks started the day weak and ended the day with sizable losses. The Russell 2000 ETF (-1.74%) and Nasdaq 100 ETF (-1.95%) led the way lower. Apple weighed on QQQ as the stock broke below its March lows and recorded a 52-week low ahead of earnings next... READ MORE
ARIA Bucks the Selling with Good Volume. BIDU Surges and Consolidates. Plus CBS, DHI, EA, HPQ, MON This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF or otherwise). We all need... READ MORE
Stocks were hit with across the board selling on Wednesday. All sectors were down, but there were a few stocks that bucked the selling pressure. As the Market Carpet shows, there are at least ten advancing stocks, which are represented by the green or greenish squares. A list can be... READ MORE
Let the volatility begin! Stocks plunged on Monday, rebounded on Tuesday and are trading lower before the open on Wednesday. Yahoo! traded sharply lower after hours because it missed estimates on ad revenues. Intel was mixed after reporting weak first quarter earnings. The company reduced capex estimates, which means the... READ MORE
After falling 2.5% on Monday, Coca-Cola (KO) recovered with a 5+ percent surge to lead the Consumer Staples SPDR (XLP) higher on Tuesday. KO Has been one of the top performing stocks in 2013 and XLP has been one of the top performing sectors. Click this image for... READ MORE
Stocks were hit hard on Monday with small-caps and mid-caps leading the way lower. The Russell 2000 ETF (IWM) fell 3.77% and the S&P MidCap 400 SPDR (MDY) declined 3.13%. All sectors were down with the Energy SPDR (XLE) loosing 4.08% and the... READ MORE
AAPL Tests March Low with Low Volume. GOOG Hits Trend Line Support. Plus CRM, CTXS, DRI, THOR, STMP, ZNGA This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF or otherwise). We... READ MORE
Friday was a rather strange day for the sector SPDRs. Notice that the consumer discretionary, consumer staples, healthcare and utilities SPDRs moved higher. It is unusual to see the consumer discretionary sector rise along with the three defensive sectors, especially when the S&P 500 is down for the... READ MORE
Stocks came under early selling pressure on Friday morning after an unexpected decline in March retail sales. Selling pressure, however, lasted less than two hours as the major index ETFs found their footing around 11AM and edged higher the rest of the day. Despite this post-open bounce, SPY, MDY,... READ MORE
Stocks were down in early trading on Friday, but Nvidia (NVDA) got off to a strong start with a surge above 13 and a three month high. NVDA formed a triangle from January to April and broke the upper trend line with this advance. MACD also turned up and crossed... READ MORE
The indicator summary remains firmly bullish with eight of ten indicators favoring the bulls. The two bearish indicators reflect relative weakness in the Nasdaq and small-caps, which indicates that the tolerance for risk is fading somewhat. In addition, note that the Nasdaq AD Line is underperforming the NYSE AD... READ MORE
Stocks extended their rally on Thursday with the Consumer Discretionary SPDR (XLY) and the Healthcare SPDR (XLV) leading the way. Led by a big move in retail, XLY advanced .84% and hit a 52-week high. Led by big pharma, XLV advanced .96% and also hit a 52-week high.... READ MORE
The Palladium ETF (PALL) fell along with gold last week, but managed to firm near the early March low and bounce off support today. Notice that broken resistance turned into support in the 70 area. The indicator window shows PALL relative to the Gold SPDR (GLD). PALL outperformed from November... READ MORE
Stocks took their cue from Treasuries and surged with gains across the board. The 20+ Year T-Bond ETF (TLT) fell sharply and the 10-year Treasury Yield ($TNX) surged as the Fed minutes revealed some dissent on the future of quantitative easing. Even though this is old news based... READ MORE
AEO Nears Broken Support with Rising Wedge. Traders Hold their Breadth on BBRY. Plus CQB, DGX, EMC, FINL, GM, TEVA This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF or otherwise)... READ MORE
The Sector Market carpet is full of green on Wednesday with the average tech stock up 1.8%. JDS Uniphase, Micron and Juniper are leading the way. There are, however, some big losers today with First Solar, Tenet and Fastenal down over 3%. These can be seen with the red... READ MORE
Stocks limped higher as the Euro, gold and oil rebounded on Tuesday. A pullback in the Dollar also lifted silver and copper, both of which have been in the doldrums of late. The Basic Materials SPDR (XLB) stole the show as the only sector to gain more than 1%. XLB... READ MORE
Intel gave a lift to the MarketVectors Semiconductor ETF (SMH) and Semiconductor SPDR (XSD) with a 3.13% advance on the highest volume since late February. Notice how the stock formed a higher low with the late February surge and then consolidated the last five weeks. A consolidation breakout would... READ MORE
The major index ETFs followed through on the Friday afternoon rebound and closed modestly higher on Monday. The Russell 2000 ETF (IWM) led the way, but this small-cap ETF was also hit the hardest last week. Technically, the S&P 500 ETF (SPY) remains the strongest of the... READ MORE
AAPL Tests Prior Low with Indecisive Candlesticks. AES Bounces with High Volume. Plus BHI, COF, FCX, GMED, POT This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF or otherwise). We all... READ MORE
After falling sharply in April and September 2011, Spot Silver ($SILVER) moved into a trading range with resistance at 36 and support at 26. Silver has touched support at least three times and is poised to test this area again. This marks an important test because a break would signal... READ MORE
Stocks were hit hard in early trading on Friday, but managed to firm during the day and even mount a recovery in the afternoon. The Nasdaq 100 ETF (QQQ) and S&P 500 ETF (SPY) still finished modestly lower. The S&P Midcap SPDR (MDY) surged and almost... READ MORE
The PerfChart below shows five ETFs representing the inter-market picture. Even though the S&P 500 ETF (SPY) and the US Oil Fund (USO) are up over the past month. notice that the 20+ Year T-Bond ETF (TLT) is up a lot more. Treasuries are showing relative... READ MORE
The Directional Movement Indicators have equalized as trading turns flat for the Dow SPDR (DIA), but the overall trend remains up as the ETF tests its first support zone. Let's look at support first. DIA hit 144 on March 11th and then traded flat the last few weeks... READ MORE
With a hard hit this week, the Energy SPDR (XLE) and the Materials SPDR (XLB) are now down month-to-date. In contrast, the S&P 500 and other seven sectors are still up since March 1st. The technology, industrials and finance sectors are, however, underperforming because they are... READ MORE
The market carpet was mostly red on Wednesday with pockets of deep red in the finance and energy sectors. The utilities sector held up the best as the average stock fell 30 cents. There were some isolated pockets of strength in the consumer discretionary as ANF and KSS bucked the... READ MORE
BCR Forms Bull Flag after Advance. Group Pressure Weighs as NUE Breaks Support on High Volume. Plus KLAC, MRK, SWC, WFM This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF or... READ MORE
It was a rather strange day in the stock market. The Russell 2000 ETF (IWM) fell by 1.34%, but the Dow SPDR (DIA) edged higher with a .02% gain. Defensive stocks led the Dow higher with nice gains in JNJ, MRK and UNH from healthcare, T from Telecom and... READ MORE
It was another strange day on Wall Street. DIA, QQQ and SPY closed up on the day and hit new highs for 2013. In contrast, IWM and MDY were hit with selling pressure and failed to confirm. Small-caps and mid-caps were relatively weak for the second day running.... READ MORE
The Nasdaq Summation Index ($NASI) remains in an uptrend overall, but the indicator hit resistance near the February high and turned lower the last few weeks. A break below the 50-day moving average would be negative and a break below the support low would turn this Nasdaq breadth indicator... READ MORE
The Telecom iShares (IYZ) is finding support from the rising 200-day moving average and hitting resistance at the 50-day moving average. A move above the March highs would break the 50-day and keep the longer term uptrend alive. Notice that MACD is improving as it inches into... READ MORE
Another week and another new high for the S&P 500. Even though the weekly gain was small, MDY, QQQ and SPY ended the month at their highs for 2013. IWM lagged a little and finished just below its mid March high. The big trend remains up, but we... READ MORE
It has been a bearish year for Spot Copper ($COPPER) and the recent breakdown points to even lower prices ahead. In addition to MACD turning negative, copper broke triangle support to signal a continuation of the prior decline (2011). The next support zone resides in the 2.80 area. Click... READ MORE
Sprint (S), Gamestop (GMS) and MetroPCS (PCS) are the big technical movers with double digit gains in the StockCharts Technical Rank (SCTR). All three recently broke above resistance on the price charts as well. You can find these top ten lists in the bottom half of our home page. Click... READ MORE
There are plenty of reasons for stocks to move lower - but the stock market is not listening just yet. Stocks are still overbought after a huge rally since mid November and the six month seasonal pattern is set to turn bearish in about a month. Elsewhere, there is concern in... READ MORE
AMT Opens Weak and Closes Strong. ATML Forms a 3-Month Diamond Consolidation. Plus CNX, DVN, FCX, MMM This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF or otherwise). We all... READ MORE