MEMBERS ONLY
RISING RATES PUNISH GOLD -- BASE METALS AND MINERS ARE ALSO FALLING -- CHINA WEAKNESS MAY EXPLAIN WHY -- FALLING COMMODITIES AND WEAK CANADIAN DOLLAR PUSH CANADA ISHARES BELOW 200-DAY AVERAGE -- INSURANCE ETF GETS A BOOST FROM RISING BOND YIELDS
by John Murphy,
Chief Technical Analyst, StockCharts.com
GOLD ASSETS ARE ALSO FALLING... Add gold and gold miners to the list of former safe havens that are weakening. Chart 1 shows the Gold SPDR (GLD) falling to a seven-week low today and back below its moving average lines. Gold miners are doing even worse. Chart 2 shows the...
READ MORE
MEMBERS ONLY
SystemTrader - How to Sell in June and Avoid a Swoon
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Sell in June to Avoid a Swoon
.... Testing the Best Six Months Strategy
.... A Twenty Year Testing Period
.... Best versus Worst Six Months
.... Four Months Stand out on Seasonality Chart
.... Testing the Strongest Eight Months
.... Seasonality Plus Timing Improves Returns
.... Conclusions ....
Testing the Best Six Months Strategy
Seasonal patterns are...
READ MORE
MEMBERS ONLY
Banks Lead Rebound In Financials; IBN Breaks Out On Big Volume
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Market Recap for Wednesday, May 3, 2017
Financials (XLF, +0.80%) were easily the best performing sector on Wednesday as banks ($DJUSBK) led the rebound in interest-sensitive stocks. After gapping lower yesterday, the 10 year treasury yield ($TNX) climbed throughout the session and finished back above the 2.30% level....
READ MORE
MEMBERS ONLY
Another PMO Scan - Got You Covered MarketWatchers LIVE Fans!
by Erin Swenlin,
Vice President, DecisionPoint.com
During the MarketWatchers LIVE program (airs 12:00p - 1:30p EST M/W/F), Tom Bowley and I have started a segment called "Anatomy of a Trade" where we go through our process for identifying investment prospects. I use Price Momentum Oscillator (PMO) scans to start every...
READ MORE
MEMBERS ONLY
BOND YIELDS MAY BE BOTTOMING -- BOND ETF FAILS AT 200-DAY AVERAGE -- RELATIVE WEAKNESS IN UTILITIES AND REITS HINT AT LOWER BOND PRICES -- FINANCIALS MAY BE TURNING UP -- A HIGHER FINANCIALS/UTILITIES RATIO WOULD SIGNAL HIGHER YIELDS
by John Murphy,
Chief Technical Analyst, StockCharts.com
TEN-YEAR TREASURY YIELD STILL IN UPTREND... Today's Fed announcement contained no surprises. However, the Fed's view that recent economic softness is "transitory" in nature appears to have caused an uptick in bond yields. Technical factors also appear to favor higher yields. I'll...
READ MORE
MEMBERS ONLY
Hartford Surges off Support with 7-day Move
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Hartford (HIG) is a big insurance concern and part of the Insurance SPDR (KIE), which is one of the best performing industry group ETFs over the last six months. The stock surged from late August to mid November and continued higher at a slower pace from January to March, hitting...
READ MORE
MEMBERS ONLY
Apple iPhone Sales Disappoint, Could Lead To Short-Term Relative Weakness On NASDAQ
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Market Recap for Tuesday, May 2, 2017
Traders weren't overly impressed with Apple's (AAPL) quarterly report last night and NASDAQ futures are suffering this morning. However, the NASDAQ 100 ($NDX) has been significantly outperforming the benchmark S&P 500 for months and a bit of...
READ MORE
MEMBERS ONLY
DP Alert: Resistance Hit and Held - Energy Sector LT SELL Signals
by Erin Swenlin,
Vice President, DecisionPoint.com
No new changes to report on the DecisionPoint Scoreboards (found in the DecisionPoint Chart Gallery link on the homepage). The market has hit overhead resistance at all-time highs and is struggling to overcome. Meanwhile the defensive Energy Sector just logged LT Trend Model SELL signals, effectively moving them into an...
READ MORE
MEMBERS ONLY
Global Equities Trick or Treat?
by Martin Pring,
President, Pring Research
* A few words on long-term charts
* US equities starting a period of underperformance?
* Overcoming resistance
* Chinese equities look vulnerable
* Good looking country charts
A few words on long-term charts
I like looking at short-term charts because you can sometimes pick up some interesting psychological characteristics through divergences, candlesticks and one...
READ MORE
MEMBERS ONLY
Market Roundup Video For May 2017
by Martin Pring,
President, Pring Research
Here is the link to the Market Roundup Live by Martin Pring 2017-05-02.
Market Round Up Live With Martin Pring 2017-05-02 from StockCharts.com on Vimeo.
Good luck and good charting,
Martin J. Pring...
READ MORE
MEMBERS ONLY
DEFENSIVE CONSUMER STAPLES ARE WEAKENING -- WHILE ECONOMICALLY SENSITIVE CONSUMER CYCLICALS ARE MARKET LEADERS -- CYCLICALS/STAPLES RATIO TURNS UP -- MARTIN MARIETTA AND VULCAN MATERIALS ARE HAVING A VERY STRONG DAY
by John Murphy,
Chief Technical Analyst, StockCharts.com
CONSUMER STAPLES ARE WEAKENING... Defensive parts of the market are starting to weaken. That includes consumer staples. At the same time, money is flowing back into more economically sensitive stock groups like consumer discretionary stocks (more on that shortly). That's normally a good sign for the market. Chart...
READ MORE
MEMBERS ONLY
NASDAQ, Russell 2000 Flexing Their Relative Muscles
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Market Recap for Monday, May 1, 2017
The NASDAQ and Russell 2000 outperformed in a big, big way on Monday and that's always a very positive sign for equities. In addition, strength came from technology (XLK, +0.75%) and financials (XLF, +0.64%), two of the aggressive sectors....
READ MORE
MEMBERS ONLY
Identifying Corrections within a Bigger Uptrend (XME, COPX, IGN) - Do You Really Know what Drives Prices?
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... XME - A Mere Correction or More? (plus COPX)
.... Steel Stocks Dominate XME
.... HACK and IGN Perk Up within Technology
.... Vanguard Finance ETF Stalls after Gap
.... Respect for Bank Analyst Dick Bové (plus GS)
.... Think you Really Know what Drives a Stock?....
XME - A Mere Correction or More? (plus...
READ MORE
MEMBERS ONLY
Singapore ETF (EWS) Breaks Out - Upside Potential
by Erin Swenlin,
Vice President, DecisionPoint.com
During today's MarketWatchers LIVE show (Tune in MWF 12:00-1:30p EST) Tom Bowley and I looked at "Monday Set-Ups". Check the MarketWatchers Recap here to see the list. I found the Singapore ETF (EWS) through a Price Momentum Oscillator (PMO) Scan that I like to...
READ MORE
MEMBERS ONLY
Academia
by Greg Morris,
Veteran Technical Analyst, Investor, and Author
I’m on record in my book, “Investing with the Trend,” and probably in this blog of stating that Financial Academia is nothing more than the marketing department for Wall Street. When I do presentations about technical analysis and / or money management, I always begin with this slide:
Slide A...
READ MORE
MEMBERS ONLY
Regeneron Bounces within a Massive Base
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Regeneron has gone nowhere since February 2016, but recent volume bars suggest that this may be a massive base. The stock surged off the 325 area with big volume in November. After falling back into January, the stock held above the October low and turned up the last 14 weeks....
READ MORE
MEMBERS ONLY
Commercial Vehicles Break Out To Lead Industrials
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Market Recap for Friday, April 28, 2017
Equities sold off throughout the day on Friday, but no significant levels of support were lost. Starbucks (SBUX) jolted the market a bit, gapping down to test its rising 20 day EMA, but that support level held and while the internet group ($DJUSNS)...
READ MORE
MEMBERS ONLY
Around the World in 21 Ways
by Bruce Fraser,
Industry-leading "Wyckoffian"
The EAFE Stock Market Index includes the large and mid-cap stocks of 21 developed countries throughout the world. The U.S. and Canada are excluded from this index. The stocks in the EAFE represent more than $1.9 trillion of market capitalization.
Currently there is a worldwide movement toward nationalism....
READ MORE
MEMBERS ONLY
DecisionPoint Weekly/Monthly Wrap -- Seasonality Turning Bearish
by Carl Swenlin,
President and Founder, DecisionPoint.com
Last week I wrote: "My posture is to look for an up move next week, and as last week, a daily PMO bottom will be the first, if not infallible, clue that the market is done correcting. If an upside breakout follows, I will believe it." As it...
READ MORE
MEMBERS ONLY
No asset class in leading quadrant on RRG but SPY still strongest!
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com
The Relative Rotation Graph for asset classes shows that not a single category is inside the leading quadrant at the moment and only one asset class, equities (SPY), is on the right-hand side of the plot.
The quick take from this reading is that only SPY, asset class equities, is...
READ MORE
MEMBERS ONLY
Video - Weekly Market Review & Outlook - Watching the Bond Market for Clues on Banks and the S&P 500
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
----- Video Link ----- Art's Charts ChartList (updated 29-Apr) -----
Stocks followed through this past week with further gains, but small-caps took a hit on Friday and underperformed for the week. Friday's hit was not enough to overshadow the breakouts in the S&P 500...
READ MORE
MEMBERS ONLY
Charts I'm Stalking: Action Practice #15
by Gatis Roze,
Author, "Tensile Trading"
When you revisit the Action Practice #14 blog, you’ll recall that I presented four equities chosen from Investor Business Daily’s 20 top-rated Big Cap stocks. (April 5, 2017 edition.) I asked you to choose the best equity from the following four: Western Digital (WDC), KLA-Tencor (KLAC), Priceline (PCLN)...
READ MORE
MEMBERS ONLY
Weekly Market Review & Outlook - Indicators and Index ETFs Follow Through
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Weekly Market Review & Outlook
.... High-Low Percent Follow Through
.... MDY and SPY Follow Through
.... Large Techs and Small Caps Lead
.... Sector Balance is Clearly Bullish
.... Percent above 200-day EMA Reflects Broad Strength
.... XLK, XLY, XLI and XLB Lead with New Highs
.... Equal-weight and Small-cap Healthcare Lead
.... Biotech ETFs End Corrections...
READ MORE
MEMBERS ONLY
Exact Sciences Corp Posts Solid Results, Completes Right Side Of Cup
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
On Thursday morning, Exact Sciences Corp (EXAS) was the #1 percentage gainer on the NASDAQ, rising nearly 26%. While that's a massive move by any measure, I doubt that the move higher in EXAS has ended. If you look at a weekly chart, you'll see that...
READ MORE
MEMBERS ONLY
Consumer Discretionary Reasserting Leadership Role, Market Mixed
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Market Recap for Thursday, April 27, 2017
Consumer discretionary (XLY, +0.53%) led the bifurcated action on Thursday as travel & tourism ($DJUSTT), gambling ($DJUSCA) and toys ($DJUSTY) all broke to fresh new highs helping to lead the sector higher. The XLY has broken out and is leading once again...
READ MORE
MEMBERS ONLY
DP Alert: Market Pausing - Calm Before the Storm?
by Erin Swenlin,
Vice President, DecisionPoint.com
The short term remains bullish in terms of the DecisionPoint Scoreboards. The long term also is showing all bullish BUY signals. Momentum looks to be a problem in the intermediate term. The SELL signals on all but the NDX come from the Price Momentum Oscillator (PMO) on the weekly chart....
READ MORE
MEMBERS ONLY
Gold Faces A Critically Important Technical Test In The Weeks Ahead
by Martin Pring,
President, Pring Research
* Gold’s long term trading range
* Watch those Gold shares for clues about Gold
* Hail Silver?
Gold’s long term trading range
Gold is often regarded as a safe-haven investment, but is more normally held as a hedge against inflation. Chart 1 deflates the price by the CPI, so you...
READ MORE
MEMBERS ONLY
Comparing Momentum ETFs to the Major Index ETFs - Revisiting the ChartCon Momentum-Rotation Strategy
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... ChartCon Momentum-Rotation Update
.... What can we learn from this?
.... Comparing with the Momentum-Driven ETFs
.... Comparing Performance with PerfCharts
.... Ranking Performance with the Summary View
.... Measuring Relative Performance with RRGs
.... Performance Since Bull Run Began
.... Measuring Rolling Performance
.... Volatility Can Hurt Momentum ....
Today I am going to look at some momentum-style...
READ MORE
MEMBERS ONLY
HEALTHCARE IS QUIETLY MOVING HIGHER -- INDIVIDUAL LEADERS ARE EDWARDS LIFESCIENCES, VARIAN MEDICAL, AND ABBVIE -- U.S. MEDICAL DEVICES ETF REPRESENTS THE STRONGEST PART OF HEALTHCARE -- BOSTON SCIENTIFIC IS ONE OF ITS LEADERS
by John Murphy,
Chief Technical Analyst, StockCharts.com
HEALTH CARE SPDR NEARS RECORD HIGH... Although it hasn't received much attention lately, the healthcare sector is quietly moving higher. In fact, healthcare is the third strongest sector this year behind technology and consumer cyclicals. And its chart looks promising. Chart 1 shows the Health Care SPDR (XLV)...
READ MORE
MEMBERS ONLY
Medical Equipment Breaks Cup Resistance, Latest To Confirm Bullish Pattern
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Market Recap for April 26, 2017
A late day selloff on Wednesday left the small cap Russell 2000 as the only major index left standing with gains. The Dow Jones penetrated 21000 for a second consecutive session after not doing so for nearly two months. The S&P 500...
READ MORE
MEMBERS ONLY
S&P 100 Joins the Gang with a New PMO BUY Signal
by Erin Swenlin,
Vice President, DecisionPoint.com
The DecisionPoint Scoreboards have been flipping out! I mean the signals are flipping quickly on all of the Boards! I wrote about the five signal changes we got yesterday in the DP Alert article here. The short term picture is very bullish with all four major indexes showing "green&...
READ MORE
MEMBERS ONLY
Vodafone and Cable Could be Bottoming
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Even though Vodafone remains in a long-term downtrend, the stock has been on my watch-list recently because it could be putting in bottom. Analysis of Vodafone and other ADRs is not straight-forward because there is a currency component. Usually, the movement of the stock is more than enough to compensate...
READ MORE
MEMBERS ONLY
Materials Break Out To Lead Another Market Surge
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Market Recap for Tuesday, April 25, 2017
U.S. indices closed significantly higher for a second consecutive session, this time with materials (XLB, +1.61%) leading eight of the nine sectors higher. Only utilities (XLU, -0.13%) failed to gain on the session. We are seeing breakouts one at a...
READ MORE
MEMBERS ONLY
DP Alert: New Signals on DP Scoreboards - Market Follows-Through on Rally
by Erin Swenlin,
Vice President, DecisionPoint.com
We already saw some shake up on the DP Scoreboards on Friday with the new intermediate-term PMO SELL signals on all but the NDX. With the recent rally, we are now seeing the Scoreboards flip back to bullish in the short term. The S&P 100 is a hair...
READ MORE
MEMBERS ONLY
NASDAQ HITS NEW RECORD WHILE DOW INDUSTRIALS AND S&P 500 TURN UP -- SMALL CAPS HIT NEW RECORD AND SHOW NEW LEADERSHIP -- SO DO MATERIALS -- ALCOA LEADS ALUMINUM SHARES HIGHER -- FLIGHT FROM SAFE HAVENS PUSHES GOLD MINERS LOWER
by John Murphy,
Chief Technical Analyst, StockCharts.com
MARKET INDEXES TURN HIGHER ... The stock market is continuing to benefit from the "risk on" rally that started yesterday after the weekend vote in France. And all signs are currently positive. Chart 1 shows the PowerShares QQQ hitting a new record for the second day in row. The...
READ MORE
MEMBERS ONLY
S&P 500 Breaks Downtrend, Financials Surge
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Market Recap for Monday, April 24, 2017
Global markets rallied on the heels of French election results and U.S. markets were no exception. We surged right out of the gate and didn't look back. The NASDAQ flirted with the 6000 level before settling for an all-time high...
READ MORE
MEMBERS ONLY
Major Index ETFs Finally Surge above Chandelier Exit - Chinese Stocks Remain Subdued
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
.... Small-cap ETF Closes above Chandelier Exit
.... New Highs Expand within Tech and Industrials
.... Tech Stocks and ETFs Dominate New High List
.... Agribusiness ETF Gets a Wedge Breakout
.... Chinese Stocks Remain Subdued
.... Stocks to Watch: HBAN, JBHT, CA, PFPT, NKE, WBC ....
IJR Closes above Chandelier Exit
With a big surge in...
READ MORE
MEMBERS ONLY
Three New IT PMO SELL Signals on DecisionPoint Scoreboards!
by Erin Swenlin,
Vice President, DecisionPoint.com
We had three new signal changes hit the DecisionPoint Scoreboards on Friday (4/21). When I reviewed the weekly charts on Friday, I noted that the Price Momentum Oscillators (PMOs) had finally crossed below their signal lines on all but the NDX (which retains its current BUY signal).
One positive...
READ MORE
MEMBERS ONLY
Tensile Trading ChartPack Update (2017-Q1) Updated Charts and the Latest Fidelity Moves
by Gatis Roze,
Author, "Tensile Trading"
Anywhere you see excellence and mastery happening, you’ll discover the same set of recurring universal truths. Great athletes achieve excellence and make it look effortless. Great investors make market mastery seem natural and make profits look easy.
I love the line “I worked all my life to become an...
READ MORE
MEMBERS ONLY
FRENCH VOTE SENDS GLOBAL STOCKS HIGHER -- FRANCE LEADS EUROPEAN RALLY -- EUROZONE ISHARES REACH THREE-YEAR HIGH -- A STRONGER EURO WOULD BOOST EUROZONE PERFORMANCE -- U.S. STOCKS FOLLOW EUROPE HIGHER AS SAFE HAVENS WEAKEN
by John Murphy,
Chief Technical Analyst, StockCharts.com
FRANCE LEADS EUROPE HIGHER... French stocks are leading big gains in eurozone stocks. A strong Euro is giving an even bigger boost to eurozone ETFs. Chart 1 shows MSCI France iShares (EWQ) surging more than 5% to the highest level in three years. That compares with a 4% gain in...
READ MORE