Market Recap for Thursday, October 7, 2016 It was mostly a flat day, although basic materials (XLB, +0.82%) managed to produce a stronger gain on a relative basis. Paper, aluminum and commodity chemicals were the three industry groups helping to lead the materials sector. While commodity chemicals ($DJUSCC) have... READ MORE
The Dow Jones U.S. Life Insurance index ($DJUSIL) broke above 650 for the first time in 2016, buoyed by suddenly surging 10 year treasury yields ($TNX). Leading the charge in the group is MetLife (MET), which at today's high had gained 33% since its post-Brexit low... READ MORE
Market Recap for Wednesday, October 5, 2016 Well, the market rotation continues unabated. It was bounce back day on Wednesday, although no key levels of price resistance were cleared. Volume did accelerate, however, as a shorter-term triangle unfolds on the S&P 500. You can check out the... READ MORE
Market Recap for Tuesday, October 4, 2016 Over the past week, energy (XLE, +4.41%) and utilities (XLU, -5.70%) have been at opposite ends of the stock market spectrum, while all of the other sectors have been fairly close to the flat line. Pacing energy has been the Dow... READ MORE
Market Recap for Monday, October 3, 2016 Q3 performance was fairly solid, especially on the NASDAQ where the strength in technology shares carried the load. Q4 didn't start off quite so well as each of our major indices finished down and eight of nine sectors were lower. The... READ MORE
Market Recap for Friday, September 30, 2016 Financial (XLF, +1.37%) and energy (XLE, +1.36%) shares paced Friday's advance to close out September on a very strong note for U.S. equities. Like most of the summer, September was a bifurcated month, one in which two sectors... READ MORE
On a weekly closing basis, Antero Midstream Partners LP (AM) has vacillated between support near 18.00 and resistance at 28.00 for the past two years. While the Dow Jones U.S. Pipelines Index ($DJUSPL) still has miles to go to reach its high from two years ago, the... READ MORE
Technology stocks (XLK) produced gains of more than 10% in the third quarter of 2016, more than double that of any other sector. Industrials (XLI) were the second best group, posting a quarterly gain of 4.80%. We all know the bigger names in technology, so this article will focus... READ MORE
Market Recap for Thursday, September 29, 2016 Healthcare stocks (XLV, -1.76%), utilities (XLU, -1.50%) and financials (XLF, -1.40%) led a broad-based decline on Thursday with energy (XLE, -0.17%) the only sector to escape relatively unscathed. In particular, biotechnology and pharmaceutical shares were weak with the... READ MORE
Energy stocks (XLE) have been lifted the past couple days due to OPEC agreeing to stem production in an attempt to balance supply and demand. It's difficult to say whether it'll actually work, but thus far the stock market likes what it's hearing. Energy... READ MORE
Market Recap for Wednesday, September 28, 2016 Energy shares (XLE, +4.32%) soared on Wednesday to their largest single day gain of the year as crude oil ($WTIC) gained more than 5% on the back of OPEC's agreement to curb oil production. This was the first such agreement... READ MORE
Market Recap First, I'd like to thank everyone who attended ChartCon 2016, making it a HUGE success! It was great interacting with folks from around the globe via Guidebook and I can't wait to have the opportunity to do it again! I will be back on... READ MORE
Crude oil prices ($WTIC) have been hovering between $40-$52 per barrel for the past six months, but the bottoming reverse head & shoulders pattern is telling us to watch closely to see if we can get a confirming breakout on this pattern above neckline resistance at $52. In the... READ MORE
It's nice to see a heavy volume gap higher to break a downtrend. It can be a very strong signal that sentiment has changed on a particular stock or industry group. While renewable energy stocks ($DWCREE) remain technically-challenged, one of its components - Sunrun (RUN) - has certainly begun... READ MORE
Special Note I continue to move into ChartCon 2016 mode, so bear with me as all of us here at StockCharts.com prepare to descend upon California. My travel day is tomorrow so I will not likely post at all. Of course, there's always the possibility of a... READ MORE
Special Note My blog articles will be brief the next two days as I prepare for ChartCon 2016. I will be traveling on Wednesday so there will be no article that day. While in California, my blog schedule will not be set so I'll simply post when I... READ MORE
This is the final ChartWatchers newsletter before all of us here at StockCharts.com descend upon Northern California to produce what I believe will be one of the most educational online financial conferences of our time. Leading technical experts will be divulging their best kept secrets to hopefully add weapons... READ MORE
After technology stocks (XLK, +2.70%) clubbed the energy sector (XLE, -2.64%) last week, the former group is now the leading sector over the past six months, widely outperforming the benchmark S&P 500 index. Within technology, there are four industry groups that have been outperforming the benchmark... READ MORE
Market Recap for Thursday, September 15, 2016 There was plenty of good news to go around on Thursday, which was nice because the bulls have been beaten up a little bit of late. All of our major indices finished with solid gains and all nine sectors advanced. Technology (XLK, +1.... READ MORE
Live Nation Entertainment (LYV) is a $5 billion consumer discretionary company that in late July reported excellent quarterly results and gapped higher to touch the 28.00 level. The stock's all-time high came in October 2015 just beneath 30.00. It's consolidating just above its... READ MORE
Market Recap for Wednesday, September 14, 2016 Market and sector performance was bifurcated on Wednesday with the NASDAQ performing much better on a relative basis, gaining 0.36% on the session. The Dow Jones, S&P 500 and Russell 2000 all finished with fractional losses. Leading the NASDAQ were... READ MORE
Market Recap for September 13, 2016 Honestly, I'm not at all surprised at the failure on Tuesday for the bulls to capitalize on Monday's rally. We had a lot of room to key short-term price resistance after Friday's free fall in our major... READ MORE
Market Recap for Monday, September 12, 2016 There were two problems with the rally on Monday. First, there was the issue of failure at price and gap resistance as I will discuss in the Current Outlook section below. Second was the issue of leadership on the advance. Don't... READ MORE
Special Note We're less than two weeks away from ChartCon 2016, the biggest online financial conference of the year!!! Be sure to reserve your spot today! CLICK HERE to learn more about the event, including the speakers and agenda. The theme this year is "building a successful... READ MORE
Market Recap for Thursday, September 8, 2016 If you haven't noticed, maybe you should. Energy (XLE, +1.87%) is in a bull market, posting 5.17% gains in just the last week! That's not a bad year. It's not like U.S. equities have... READ MORE
Domtar Corp (UFS) has returned to a key support zone between 37.00-37.50. A close below this level would be bearish as Domtar's longer-term chart is neutral at best. I'd be looking for the top of the earnings-related gap higher in late... READ MORE
Market Recap for Wednesday, September 7, 2016 Consumer staples (XLP, -0.87%) had a rough Wednesday while most other sectors finished just above or below the breakeven level for the day. Of the 10 industry groups that make up consumer staples, only drug retailers ($DJUSRD) finished higher - fractionally so. Meanwhile,... READ MORE
Market Recap for Tuesday, September 6, 2016 Energy (XLE, +1.51%) was the clear leader on Tuesday, resuming their leadership role in 2016. Utilities (XLU, +1.09%) also continued its recent climb off price support near 49.00, actually closing above its declining 20 day EMA for the first time... READ MORE
Special Webinar Scheduling Note Because of the holiday-shortened trading week, please be sure to check out the webinar calendar on the home page. Monday's Bowley Briefing and Trading Places LIVE were cancelled due to the Labor Day holiday here in the U.S., but webinars are a... READ MORE
One of my favorite trades is looking for a bounce off of gap support. Many times, the top of gap support will provide great support and the stock will never "fill" the entire gap back to the prior close. PulteGroup (PHM) lost the top of its gap support... READ MORE
First, I'd like to invite everyone to join us via the internet for ChartCon 2016. It's only three weeks away and everyone here is growing very excited for this one-of-a-kind event. There will be tons of technically-oriented presentations from leading technical experts.... READ MORE
Market Recap for Thursday, September 1, 2016 Key support levels were tested - and held once again - at 2160 and 5190 on the S&P 500 and the NASDAQ, respectively. We're not going any higher, but we're not breaking down either. The S&P 500... READ MORE
Haliburton (HAL) had risen close to 70% from its February low to its early June high, but since that time has simply consolidated those gains. Over the past two weeks, HAL has declined close to 10% and is nearing a very important short-term price support level. The closer it... READ MORE
Market Recap for Wednesday, August 31, 2016 Higher treasury yields in August are impacting more than just a few interest-sensitive equity groups. It's also been driving the U.S. dollar higher. A higher dollar can also affect equities in various ways. Yesterday was a prime example as... READ MORE
Market Recap for Tuesday, August 30, 2016 Eight of nine sectors fell on Tuesday, with financials (XLF, +0.90%) the lone gaining sector. This behavior seems to be setting the stage for a Fed rate hike, probably sooner rather than later. Banks ($DJUSBK) continue to lead the recent action and... READ MORE
Market Recap for August 29, 2016 It was a strong, wide participation kind of day for U.S. equities on Monday as August 2016 nears a close. Stocks continue to battle through various sorts of difficulty, including negative divergences, slowing volume, seasonal headwinds, questionable relative ratios (offense vs. defense ratios)... READ MORE
Special NOTE Please check out the Historical Tendencies section below for important seasonal information as we approach the bearish month of September. There are a couple of important links - one to join me for my webinar today at 1pm and also one to join us at StockCharts.com for a... READ MORE
Nautilus (NLS) officially became a technical heavyweight on Friday as its stock price soared through price resistance to a fresh new 52 week high, bouncing bullishly off its rising 20 day EMA in the process. Volume supported its first very bullish gap in early August and it once again confirmed... READ MORE
Market Recap for Thursday, August 25, 2016 For the first time since late June, the S&P 500 closed beneath its 20 day EMA. We've seen plenty of closes near its 20 day EMA, but yesterday marked the first one beneath. Normally that's a pretty... READ MORE
The U.S. stock market has been suffering from a series of negative divergences that have run rampant throughout many sectors and industry groups. As one weakening group sells off, money rotates to another strengthening group. We have not been seeing wide participation moves to the upside. The sector performance... READ MORE