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... READ MORE
* CRB Still Caught in a Trading Range * Commodity/Bond Ratio Holding On By its Teeth * Watch the Canadian Dollar for Clues CRB Still Caught in a Trading Range Back in May, I wrote an article entitled “Commodities: Down Now, Up Later?" in which I pointed out some of the... READ MORE
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... READ MORE
Market Recap for Monday, July 1, 2019 The S&P 500 ($SPX, +0.77%) closed once again at an all-time high and all of our major indices ended Monday's session with gains. Leadership came in the form of the NASDAQ, which rang up a 1.06% gain.... READ MORE
I spent a lot of time discussing technical analysis and want to help readers try to understand its value by discussing passive versus active management. Passive means that the investor or manager does not change the portfolio components except for occasional, usually based upon the calendar, rebalancing to some preconceived... READ MORE
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... READ MORE
Market Recap for Friday, June 28, 2019 I'm posting this early (and on Sunday) this week because I did a lot of chart-reviewing this weekend and there's a lot to digest here. Before I get into my Market Outlook for the second half of the year,... READ MORE
DREDGING CORP. OF INDIA LTD -- DREDGECORP.IN Following a prolonged down move and some subsequent bottom-finding, DREDGECORP is set to confirm its reversal. The stock is currently breaking out of a falling trend line resistance, which begins from 479 and joins the subsequent lower tops. In the process, the... READ MORE
In my last DITC contribution, I wrote about the Real Estate sector, which is crossing over into the leading quadrant at the same time as the seasonality chart for that sector indicates that, over the last 20 years, XLRE closed the month of July higher 71% of the time, with... READ MORE
In the previous week, the markets were expected to remain mostly volatile and to remain under range-bound oscillation without making any significant headway. In line with this analysis, the NIFTY headed nowhere, had a lackluster week and ended with mild gains on a weekly note. While the NIFTY continued to... READ MORE
In a recent moment of self-reflection, I was forced to arrive at the conclusion that I do not view the world the same way that many others do. In fact, more specifically I was forced to arrive at the conclusion that I do not view the world the same way... READ MORE
Let me start by saying that we track a "Best of the Best" list at EarningsBeats.com. Technically, it's actually 3 "Best of the Best" lists - a Model Portfolio, an Aggressive Portfolio and an Income Portfolio. They each include 10 stocks that are... READ MORE
So much of the time it seems we are waiting for some event that will determine what the market is going to do next. Last week it was waiting for the Fed. This week it was waiting for the meeting between President Trump and President Xi tomorrow. What the market... READ MORE
Be prepared! I have a plethora of charts this week to share that focus only on the S&P 600. If you look closely, you can see that, even before the last two days of an impressive rally, the indicators were already suggesting a renewed interest in small-cap stocks.... READ MORE
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... READ MORE
Editor's Note: This article was originally published in John Murphy's Market Message on Thursday, June 27th at 3:49pm ET. Previous messages have pointed out that defensive stock sectors were top performers since the market hit a peak at the end of April when trade tensions... READ MORE
TRANSPORTS CLEAR 200-DAY AVERAGE...Two market groups that have been market laggards all year are suddenly attracting new buying. I'm referring to small cap stocks and transports. Chart 1 shows the Dow Jones Transportation Average ending the week above its 200-day moving average. It's also one... READ MORE
* 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... READ MORE
Market Recap for Thursday, June 27, 2019 It was mostly a solid day on Wall Street, except for the late selling that carried the Dow Jones to a slight 10 point loss. The problem child for the Dow Jones was Boeing (BA, -2.91%), which fell after providing an update... READ MORE
DEFENSIVE SECTORS FALL BEHIND... Previous messages have pointed out that defensive stock sectors were top performers since the market hit a peak at the end of April when trade tensions started to resurface. Stocks, however, have recovered most of their May losses during the month of June. And sector leadership... READ MORE
Market Recap for Wednesday, June 26, 2019 It was a day of bifurcated action as the NASDAQ was able to cling to a 0.32% gain, but the other major indices fell. Honestly, it felt like a down day on the NASDAQ as well. This tech-laden index surged to a... READ MORE
I do not believe that there is just one single tool, strategy, method, etc. that fits all our needs as investors or traders. For me, the power of research and analysis lies in combining information from various sources and subsequently putting all that together into a market-view, strategy, system, etc.... READ MORE
The market has cooled this week. There are no changes on the DP Scoreboard indexes, nor on the Sector Scoreboard. Indicators are starting to look worrisome, but we do need to see some digestion of last week's rally. Gold has been on fire! I'm starting to... READ MORE
* 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... READ MORE
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.... READ MORE
Market Recap for Tuesday, June 25, 2019 Sellers returned to the stock market yesterday as the NASDAQ posted a 1.51% drop, its largest decline since June 3rd. Volatility ($VIX, +6.68%) has been on the move higher as the market grows more nervous with the G-20 summit beginning later... READ MORE
SMALL CAPS CONTINUE TO UNDERPERFORM...Small cap stocks have been lagging behind larger stocks for most of this year. And in a big way. The black bars in Chart 1 show the Russell 2000 Small Cap Index (RUT) lagging behind the S&P 500 Large Cap Index (gray area)... READ MORE
Market Recap for Monday, June 24, 2019 The U.S. stock market waffled yesterday as the G-20 summit set to begin later this week. We know from history that any time the headlines are littered with US-China trade, we need to be vigilant. While there wasn't widespread selling... READ MORE
* A Weaker Dollar is Bullish for Gold * The Gold 6/15 PPO Model for Gold is Bullish * Global Gold is Breaking Out * Gold Shares Showing Signs of Strength * Gold Special K Crossed its Bear Market Trend Line Last week, Gold experienced an upside breakout from a multi-year base. I always... READ MORE
Market Recap for Friday, June 21, 2019 The S&P 500 ended Friday's session relatively flat, but had a very solid week as it raced to an all-time high before sellers hit on quad-witching day. As usual, quad-witching day volume was extremely heavy. I wouldn't... READ MORE
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... READ MORE
In our previous weekly note, we had mentioned the possibility of the markets not giving any runaway moves on the higher side. The week that went by remained on expected lines as the headline index resisted to one of its significant double top resistance areas, which lies in the 11840-11880... READ MORE
June is shaping up to be quite a month, with the S&P 500 on track to outpace January as the best-performing period. Of special note is this week’s move into Biotechnology and Small Cap stocks, which both have struggled since stalling out in February. With money flows... READ MORE
The market closed at an all-time high on Thursday, then on Friday it hit an all-time intraday high; however, there are some technical problems: (1) a bearish rising wedge pattern has formed; (2) there is an OBV negative divergence; (3) volume has been thin since the June low; and (4)... READ MORE
The price of gold ($GOLD) closed on Friday at $1400.10 per ounce. The weekly gain of 4.14% was the best such weekly advance since April 2016 and the close above $1400 was the first such close since September 3, 2013. Since testing 2019 lows on May 21st, GOLD... READ MORE
Has the slow and grinding uptrend in the US Dollar finally reached its exhaustion point? A quick review of the charts suggests this may be the case. The $USD chart has certainly been a frustrating one for Dollar bulls, as the trend, while steadily positive, has not provided the upside... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Tuesday, June 18th at 2:30pm ET. Several reliable short-term oscillators have just turned bullish. Chart 5, for instance, features my Dow Diffusion Indicator. This one is similar to the Global Oscillator, but... READ MORE
On the above Relative Rotation Graph, which shows the rotation for international stock indexes against the Dow Jones World index, we really ought to pay attention to the long tail inside the weakening quadrant for the Chinese market. This rotation follows a strong performance of the Chinese market during the... READ MORE
Years ago, I was looking to hire a junior analyst to focus on database management and creating new data visualizations. We received quite a large pile of resumes; I'll never forget spending an afternoon flipping through papers until one of the them jumped out at me. What stood... READ MORE
NEGATIVE FOREIGN YIELDS LEAD TREASURY YIELDS LOWER...Bond yields are dropping all over the world. The British 10-Year yield fell this week to the lowest level since 2016 (0.80%). The Japanese yield remains in negative territory. Nearly a quarter of bond yields in global developed markets are already negative... READ MORE