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A Breakout for this Healthcare/Technology Hybrid
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Some stocks fit nicely into sectors and industry groups. And some don't. Cerner (CERN) is part of the Health Care SPDR (XLV), but it is really a technology stock that serves the healthcare industry. Namely, Cerner provides information technology solutions for the healthcare industry. More importantly, the price...
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A Bounce, a Second Shoe or a Broadening Formation?
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Stocks rebounded on Friday with small-caps leading the way. The Russell 2000 surged 2.19%, while the S&P 500 advanced 1.44% and the Nasdaq 100 gained 1.59%. Despite these sizable rebounds, all three were down for the week and still down between 4.5% and 5....
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Ranking the 11 Sector SPDRs and Weighing the Breadth Evidence
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Sector Breadth Model Takes another Hit
Today I will rank and analyze the charts for the eleven sector SPDRs, but I will first cover the sector breadth table, which reflects the internal strength/weakness within each sector. Sometimes there is a discrepancy between the sector SPDR chart and the breadth...
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State of the Stock Market - Index and Sector Breadth Models Take Hits
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Watch for Rising Correlation
...The overall state of the stock market is the most important factor to consider when trading or investing in stocks. Broad market movements, by definition, affect most stocks. When the major stock indexes are trending lower, most stocks will also trend lower. Some will buck the...
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A Bearish Continuation Pattern Takes Shape in IWM
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The Russell 2000 iShares (IWM) has been underperforming for some time now and remains the weakest of the major index ETFs. The chart below shows IWM forming a lower high from May to July and a lower low from March to May. Adding a couple of trend lines to these...
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This Biotech Kept its Head while Others Lost Theirs
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
If you can keep your head when all about you are losing theirs ....Rudyard Kipling
The line above comes from the Poem, "If" by Rudyard Kipling. We can rephrase this when looking at stocks over the last few weeks.
If a stock can hold above the late July...
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Finding Sectors and Stocks that Held Up During the Onslaught
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The S&P 500 hit a new high in late July and then got pummeled in early August with a sharp decline that broke the 50-day EMA. Moving averages like this can serve benchmark levels that chartists can use to compare performance. Stocks and ETFs that did not break...
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The State of the Stock Market (with video) - A Pick up in Volatility
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Volatility reared its ugly head this week with the S&P 500 falling around 6% in six days and then rebounding with a sharp three-day bounce. This is the biggest decline since the May-June correction, and the sharpest decline since early December. Looking back, the S&P 500...
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Lockheed Martin Holds the Line
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Stocks were hit hard in August with the S&P 500 SPDR (SPY) moving below its 50-day line and mid July lows. Stocks and ETFs that did not break their 50-day lines and held above their mid July lows are showing relative "chart" strength. Lockheed Martin (LMT)...
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Charting Tariffs, Putting the Decline into Perspective and Considering a Mean-Reversion Bounce
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Stocks were pummeled on Monday with the S&P 500 falling the most (2.98%) since December 2018. The Russell 2000 and Nasdaq 100 also fell more than 3% with widespread selling pressure. I am not going to start the blame game (tariffs, the Fed, early August seasonal patterns,...
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Three Indicators to Measure Oversold Conditions in SPY
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The S&P 500 SPDR (SPY) is down sharply this morning and over the last six days. The ETF hit a new all time high less than two weeks ago and remains above its 200-day SMA, and its early June low. This suggests that the long-term trend remains up....
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Bearish Breadth Thrusts and Short-term Support Breaks could Signal Start of Corrective Period
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Stocks were hit with some of the strongest selling pressure since December as the S&P 500 fell 3.10% and the Nasdaq 100 fell 4.04%. These weekly declines were the largest since mid December. The Russell 2000 held up the best with a 2.87% decline, which...
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The State of the Stock Market - Short and Long Term Breadth Signals
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Today I am going to dive into breadth by looking at two indicator groups used for short-term market timing and three indicator groups for long-term market timing. Most of you are familiar with these indicators: AD Percent, Up/Down Volume%, High-Low Percent and %Above 200-day EMA. Stocks fell on Wednesday...
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The Fed, Treasury Yields, Housing and a Bullish Continuation Pattern
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
After an extended tightening cycle, the Fed is set to lower rates for the first time since December 2008 (yawn). It seems easy to equate easier Fed policy as bullish for housing, but the relationship between Treasury yields and the Home Construction iShares (ITB) is not as clear cut. First...
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All Time Highs, Sector Leadership, Wedges and Throwbacks
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
This post will update some prior setups that are still working as we start the week. As noted in the State of the Stock Market on Friday, we are in a bull market right now and have been since mid February. Anyone basing their decisions on the current trend, aka...
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Fastenal Reverses off Key Level with RSI Failure Swing
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Fastenal, an industrial staples company, is reversing off a key level with an RSI failure swing working. Never heard of that sector? Let me explain. The company is a wholesale distributor for industrial and construction supplies, including nuts, bolts, screws, washers and fasteners. It does not get much more basic...
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Relative Strength Based on Price Action
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Price action is not everything, it's the only thing. This is what Vince Lombardi might have said were he a trader or investor. Indicators are great for scans and sorting through hundreds of stocks, but nothing takes the place of price action. Moreover, our profits and losses are...
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The State of the Stock Market - Large-caps Continue to Lead
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
... The S&P 500 SPDR hit another new all time high this week, while small-caps and mid-caps came alive, if just for one day. Even though small-caps and mid-caps are lagging since March, the new high in the S&P 500 affirms the bull market environment. Keep in...
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Healthcare Holds Breakout as XBI Hits a RAZ
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Healthcare is not exactly a leading sector right now, but the Health Care SPDR (XLV) sports a big triangle breakout on the weekly chart and this breakout is holding. Note that SPY, XLK, XLY and XLP hit new highs in July and these are the chart leaders right now. Even...
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Two Bearish Continuation Patterns for BioMarin
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The Biotech ETFs, XBI and IBB, have underperformed the broader market the entire year. The chart below shows the S&P 500 SPDR (SPY) with higher highs in early May and July. The ETF also recorded fresh 52-week highs in May and July. The Biotech iShares (IBB) and Biotech...
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Gold, the Dollar and their Strange Correlation
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
What if you knew the Dollar would be up 3% over the last six months? What would your prognosis be for oil and gold? Most pundits would not have a bullish forecast for gold and not expect much from oil. Nevertheless, the Gold SPDR (GLD) is up 10.70% the...
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Ebay Holds the Break
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
A consolidation within an uptrend is considered the pause that refreshes. Stocks often become overbought after a sharp advance in a short period of time and need to work off these overbought conditions with a correction. Corrections are of two types: price or time. The stock can decline and retrace...
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The State of the Stock Market - Bull Market Affirmed
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
* Bull Market Affirmed.
* Short-term Twilight Zone.
* Index Table Remains Bullish.
* YouTube Video.
* Small-cap Breadth Remains Weak.
* IWM: Bearish Trend line Break or Bull Wedge?
* Sector Table Remains Bullish.
* 83 Stocks in Strong and Steady Uptrends.
* Art's Charts ChartList Update.
... Bull Market Affirmed
... The S&P 500 advanced...
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Four Stocks Poised to Continue their Uptrends
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The first step to finding great stocks is establishing the bigger trend for the market, the sector, the industry group and the stock. It is not as hard as it sounds. First, the S&P 500 is clearly in a long-term uptrend because it is above the rising 200-day...
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Semis are Back in Gear and this Stock is Poised to Extend Higher
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The S&P 500 SPDR and Technology SPDR (XLK) hit new highs this month. Thus, the S&P 500 is signaling a bull market and the technology sector is leading. The Semiconductor SPDR (XSD), which is a broad-based semiconductor ETF, is also showing leadership as it challenges its...
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The Consumer Staples Sector is Leading and this Stock is About to Break Out
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The S&P 500 hit a new 52-week high last week and three sectors joined the index with new highs of their own: the Technology SPDR, the Consumer Discretionary SPDR and the Consumer Staples SPDR. Note that I am basing the new highs on price chart using unadjusted prices,...
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Charting Robust AD Lines that Truly Reflect the Broader Market
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The NYSE and Nasdaq are fine as exchanges, but their AD Lines do not tell the entire story when it comes to breadth. The major stock indexes, such as the S&P 500 and S&P Small-cap 600, contain stocks from both exchanges. As such, robust breadth indicators...
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The State of the Stock Market - Large Getting Larger
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
* Large-caps Continue to Lead.
* New Highs Follow Moving Average Signals.
* Index Breadth Table Remains Bullish.
* Sector Breadth Table Remains Bullish.
* Tech-Related ETFs Continue to Lead.
* Biotech ETFs Stutter after Breakouts.
* Art's Charts ChartList Update.
... Large-caps Continue to Lead
The week so far is mixed for stocks with small-caps...
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This Cannabis Stock is Higher than the Rest
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Sorry, I could not resist the pun in that head line. Relative and absolute strength is often dependent on timeframe. One stock may show upside leadership on a one month timeframe, but be lagging on the three and six month timeframes. For example, Tilray (TLRY) is up 16.37% over...
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Four Growth Stocks with Bullish Chart Setups
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Finding stocks with strong uptrends is the first step to stock selection during bull markets, and we are in a bull market. The S&P 500 hit a new all time high just last week, the largest sector (technology) is leading with XLK also hitting a new high last...
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This Stock has a New High in its Sights
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Stocks that hit new highs are in clear uptrends and show upside leadership. A new high does not have to be within a few days or even a few weeks. Sometimes stocks hit new highs and then correct for a few months to digest prior gains. It is all part...
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This is the Strongest Industry Group ETF within the Strongest Sector
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
On a closing basis, only one sector hit a new high on Tuesday and that sector just happens to be the biggest sector in the S&P 500. According to SPDRs.com, the Technology SPDR (XLK) accounts for 21.63% of the S&P 500 and is by...
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XLE and Oil Hit Reversal Alert Zones - On Trend Video
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
There is much more to a sector than its price chart and StockCharts has the data to take your sector analysis to the next level. Yes, I am talking about the unique breadth indicators that our crack data team calculates and publishes every day. These indicators include AD Percent, High-Low...
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Dine Brands Serves up Some Tasty Technicals
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Dine Brands (DIN) is the parent company for the Applebees and iHop restaurant chains. Regardless of what you think of the restaurants or food, business must be good because DIN is one of the best performing restaurant stocks this year (+44%). It is clearly leading on the price charts and...
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How to Spot Reversal Alert Zones and Get the Jump on Breakouts
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Breakouts are bullish and often look great, but they do not always offer the best reward-to-risk ratio when taking a trade. As with so many aspects of technical analysis and trading, we must often walk the fine line between anticipation and confirmation. The first step to anticipating a breakout is...
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The State of the Stock Market - Bullish Until You Know What
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
* When Higher Highs are Expected.
* Small-cap Breadth Comes Alive.
* Sector Table Remains Firmly Bullish.
* ETF Leaders and Setups.
* Art's Charts ChartList Update.
... When Higher Highs are Expected
... Let's review the weekly chart for the S&P 500 first. The index surged some 26% from late...
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SystemTrader - Setting Expectations and Finding Setups within the Aroon/RSI Strategy
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
* Strategy Recap.
* RSI Signal Examples.
* Aroon Signal Examples.
* Testing the Individual Signals.
* Selecting from Scan Results.
... Last week I showed a scan using RSI(65) and Aroon(65) to find stocks showing steady and consistent uptrends. Today I will backtest this scan on stocks in the S&P 500...
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Here's a Food Stock with Performance Written All Over It
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The Consumer Staples SPDR (XLP) is the third best performing sector over the last three months and one of only three sector SPDRs to record a new high here in June (along with XLU and XLRE). In addition, the S&P 500 is trading comfortably above its 200-day SMA....
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Pfizer Hits a Milestone for 2019
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The S&P 500 hit a new high last week and the Health Care SPDR (XLV) broke out of a large symmetrical triangle with a big surge in June. The stock market is in bull mode and healthcare is coming alive. XLV was the worst performing sector from January...
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The State of the Stock Market - Healthcare and Tech Lead New High List
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
* S&P 500 Affirms Weight of the Evidence.
* New Highs Expand Yet Again.
* Sector Table Improves with Two Bullish Signals.
* Healthcare and Technology Lead New High List.
* What if you already Knew....?
* Art's Charts ChartList Update.
... All Time High Means only One Thing
... The S&P...
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