The NYSE Summation Index ($NYSI) has been rising since the latter part of November and recently exceeded its September high. The trend here is clearly up with the November trend line marking first support. Even though the summation index flattened over the past week, it has yet to break this... READ MORE
There is no change in the indicator summary because the market did not move much this week. Stocks have been in a stalling pattern the last two weeks. The medium-term and long-term trends are clearly up, but this stall could signal the start of a corrective period that could last... READ MORE
The stock market is holding up, but some external indicators are not. First, the US Dollar Fund (UUP) surged over the last few days and broke short-term resistance. Also note that bear trap from last Friday-Monday. Second, the Euro is falling has tensions heat up in Italy and Spain. Berlusconi,... READ MORE
The predefined technical alerts at StockCharts.com have been decidedly positive since January 2nd. You can view the history on the summary page. February continues to be a good month with eleven positive alerts and zero negative alerts. These realtime alerts are color coded for an easy assessment. You can... READ MORE
AA Bounces off Gap Zone. AEO Breaks Wedge Resistance. Plus INTC, TEVA, USB 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 to think for ourselves when it... READ MORE
Stocks were mixed on Wednesday as the Nasdaq 100 ETF (QQQ) edged lower and the S&P 500 ETF (SPY) edged higher. Trading was seriously subdued in the sector SPDRs. Utilities SPDR (XLU) provided the biggest advance (.30%), while the Technology SPDR (XLK) provided the biggest loss (.03%). These... READ MORE
Intel (INTC) recorded a 52-week low in mid November and bounced with the rest of the market over the next two months. This bounce abruptly ended with a gap down to the mid November trend line. With a feeble rise the last few weeks, Intel formed a bear flag and... READ MORE
Stocks rebounded with a big bang as the Nasdaq 100 ETF (QQQ) led the market higher. Yes, you read right. Microsoft, Intel, Cisco, and Dell all gained on the day and were on the most active list. Could the Dell LBO revive the old Winteldell machine? We shall see. Gains... READ MORE
A look at the ten most active stocks shows four old school tech stocks leading the charge. Microsoft, Dell, Intel and Cisco are all up and active. This table comes from the FreeCharts page. Chartists can see small candlestick charts for all ten by clicking the CandleGlance link or a... READ MORE
Although European issues got the blame for Monday's stock market decline, weakness should not come as a surprise because stocks were quite overbought and ripe for a corrective period. In addition to overbought conditions, two historical tendencies came into play on the second trading day of the month.... READ MORE
ADBE Stalls and Underperforms in January. APOL Forms a Bear Flag. Plus CCL, GES, ILMN, JCOM, NVDA 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 to think... READ MORE
Some fears in Spain and Italy triggered a move away from risk as the US Dollar Fund (UUP) and the 20+ Year T-Bond ETF (TLT) surged on Monday. Even though the Dollar is up sharply, also note that the Gold SPDR (GLD) is up and gold is attracting money. Click... READ MORE
Stocks finished the week on a high note with the Dow Industrials closing above 14000 for the first time since 2007. The trend since mid November is pretty much straight up with the major index ETFs up double digits since these lows. The S&P 500 is up around... READ MORE
With a 150-point gain to end the week, the Dow Industrials closed above the next big number (14000) and hit a significant milestone. There is usually nothing special about round numbers, such as 14000, but this number is special because the Dow failed at 14000 in 2007. The financial crisis... READ MORE
The markets are clearly in the mood to embrace risk. The S&P 500 and Spot Light Crude ($WTIC) are up over 10% since mid November, and the Euro Index ($XEU) is up over 6%. In contrast, the 30-Year US Treasury ($USB) and the US Dollar Index ($USD) are... READ MORE
Stocks stalled the last four days, but this is not enough to affect the indicators, nine of which remain in bull mode. The major index ETFs are clearly overbought and the world is calling for a pullback, but we have yet to see it. I suspect we will get one... READ MORE
Stocks finished the day mixed as the market awaits the employment report. The Dow Industrials SPDR (DIA) edged lower, but the S&P MidCap 400 SPDR (MDY) edged higher. The sectors were mostly lower with the Basic Materials SPDR (XLB) falling around 1%. Declines in the Gold Miners ETF... READ MORE
Want to find the leaders in the S&P 500? The StockCharts Technical Rank (SCTR) ranks the 500 S&P stocks from 0 to 100. The top 50 stocks in the index have scores from 90 to 100. These are deemed the stocks with the strongest technicals and... READ MORE
The bulls finally took a breather as stocks succumbed to some selling pressure on Wednesday. Small-caps led the way lower as the Russell 2000 ETF (IWM) fell over 1%. All sectors were down with the Industrials SPDR (XLI) falling .91% on the day. Given the run ups over the last... READ MORE
Careful out there. It is earnings season, the employment report is Friday and the new month starts. CIEN Breaks Down and Underperforms. MBI Forms Triangle and Bounces on Good Volume. Plus KO, S, USB, WSM This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation... READ MORE
The bigger trends are clearly up for the Retail SPDR (XRT) as the ETF broke resistance with a big surge in January. However, XRT is short-term overbought after a big move and bearish candlesticks are taking shape. A harami-cross formed on Friday-Monday and a hanging man formed on Tuesday. A... READ MORE
Stocks started the day weak, but then caught a bid and the broad market indices moved higher the rest of the day. The final gains were not that big with the S&P 500 ETF (SPY) advancing .39% and the Dow Industrials SPDR (DIA) closing .42% higher. The sectors... READ MORE
Research in Motion (RIMM) has been one of the best performing stocks since late September. There is, however, evidence that the advance has exhausted itself as RIMM filled last week's gap above 16. This fill makes it an exhaustion gap that could give way to a retracement of... READ MORE
Stocks started the week mixed with the Russell 2000 ETF (IWM) edging higher and the S&P 500 ETF (SPY) edging lower. And I do mean "edging" because the moves were fractional. The sectors were also mixed with the Basic Materials SPDR (XLB) falling around 1% and... READ MORE
Careful out there. Earnings seaon is in full swing. ATVI Forms Flag Just Below Resistance. BIDU Breaks Flag Resistance with Volume. Plus CHS, CVG, EA, GME 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... READ MORE
The DJ US Defense Index ($DJUSDN) was hit hard the last three days and broke below the January lows. This index is now down for the year, which means it is underperforming the broader market. The indicator window shows the Percent Price Oscillator (PPO) turning lower, but remaining in positive... READ MORE
What more could a stock market want? The S&P 500 advanced the last eight days in a row and closed at a 52-week high. The Dow surged some 400 points in the last six days. Treasury bonds fell as market participants moved from safe-havens to riskier assets. The... READ MORE
The P&F pattern table on the predefined scans page is a good place to gauge the long-term trend for the stock market. As with a Bullish Percent Index, chartists simply need to pick a pattern and then compare the number of stocks on bullish P&F signals... READ MORE
There are no changes in the indicator summary because stocks remained strong this week. QQQ and XLK were dragged down by Apple, but the Nasdaq 100 Equal-Weight ETF (QQEW) hit a new high, which means the average tech stock is doing just fine. The NYSE AD Line remains on an... READ MORE
The broad market indices edged higher on Thursday, but Apple dominated ETFs moved lower (QQQ and XLK). Note that the Nasdaq 100 Equal-Weight ETF (QQEW) advanced .43% and the FirstTrust Internet ETF (FDN) was up over 2%. The Basic Materials SPDR (XLB) was up on the day, but several industry... READ MORE
Apple may not support flash on its iPhone and iPad, but that does not seem to bother Adobe (ADBE) shareholders. Adobe lagged Apple throughout 2012, but may be having the last laugh as it starts to outperform. Apple is up less than 5% over the last 12 months, while Adobe... READ MORE
Apple whiffed and the stock is trading sharply lower after hours. This means the Nasdaq, QQQ and the Technology SPDR (XLK) will also be down in early trading on Thursday. It seems to be an Apple and big tech specific issue because the Dow futures are up slightly and the... READ MORE
ESRX Underperforms and Tests Wedge Support. ORLY Firms at Support with Good Volume. Plus AMKR, JBL, PNRA, YUM 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 to... READ MORE
The Silver Miners ETF (SIL) is having a tough time this year with a failed gap and now a move below the early January low. After breaking down in November, the ETF formed a rising channel the last two months. SIL broke channel support today and continues to show relative... READ MORE
Stocks extended their gains on Tuesday with the Russell 2000 ETF (IWM) and S&P MidCap 400 SPDR (MDY) leading the way higher. Small-caps and mid-caps have been leading this market since mid November and show no signs of slowing down. Finance, materials, energy and utilities led the sectors... READ MORE
The Utilities SPDR (XLU) is showing some upside leadership on Tuesday with a .95% gain. This makes XLU the top performing sector so far. Energy (XLE), Financials (XLF) and Materials (XLB) are also performing well. You can find more leaders and laggards on the market summary page. Click this image... READ MORE
Stocks surged out of the gates to start 2013 and the S&P 500 ETF (SPY) closed at its highest level of the year (13 days). Buying pressure continues has we head into a big week for earnings. Some 100 reports are scheduled today, around 120 on Wednesday and... READ MORE
Care out there. It is earnings season. AA Falls back to Firs Support Zone. PCG Surges and Forms Pennant. Plus RDC and SO. 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
The Technology SPDR (XLK) has been lagging the broader market for some time now, but the trend since mid November remains up and a bullish continuation pattern is taking shape this month. Weighed down by its top components, XLK has been lagging the S&P 500 ETF since September.... READ MORE
Stocks moved higher this week, but Google (GOOG) did not partake and fell rather sharply. Notice that the stock broke the November trend line and filled the 2-Jan gap. Yes, GOOG is below its 2-Jan open . The price relative (GOOG:SPY ratio) turned down and broke support this week. GOOG... READ MORE