Banking stocks are leading the market on Wednesday and JP Morgan is leading the sector as one of the first of the big banks to hit a new high. I featured the Regional Bank SPDR (KRE) and the Bank SPDR (KBE) in ChartWatchers this weekend and JPM has the same... 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
Since the DecisionPoint Scoreboards launched over a year ago, they have been wildly popular. The most current Scoreboards are below. Each of the four Scoreboards headline each index's Chart Gallery. These Scoreboards provide a very quick visual look at what the current trends and momentum readings are in... READ MORE
TREASURY YIELDS CONTINUE TO REBOUND... The continuing rebound in Treasury yields is helping some stock groups while hurting others. It's hurting dividend-paying stocks like staples, telecom, utilities, and REITs which continue to sell off. Rising rates are also boosting the dollar which is pushing gold and miners sharply... READ MORE
September was Dull .... October has a History .... Shifting the Seasonality Chart for Two Views .... The VIX versus the Volatility ETNs .... Webinar Video .... //// .... Click here for the Webinar Video September was Dull October is here and the consensus is for a volatile month. I can certainly understand the reasoning because historical... 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
Once a bear market gets underway (nautical term), few will make adjustments to their portfolio. Usually it is well into the decline before most even begin to get concerned, and then they are convincing themselves that it is too late and they might sell right at the bottom. That is... 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
Broad Market Breadth Remains Bullish .... SPY Holds above Resistance Break .... 7-10 YR T-Bond ETF Fails to Hold Gains .... Oil Breaks a Wedge .... A Couple Dozen Charts to Watch .... //// .... Broad market breadth turned bullish in March and will remain bullish until there is a bearish signal. I use breadth indicators for... READ MORE
The S&P 500 broke above a big resistance zone with the July surge and this breakout should be considered bullish until proven otherwise. Classic technical analysis teaches us that broken resistance turns into the first support level and this is exactly what happened in September. Notice how the... READ MORE
A PMO bottom is one of the first signs we get that a new up trend may be at hand, and action in the very short-term may be considered. It would be convenient if every PMO bottom was a sure thing, but, of course, that is not the case. The... READ MORE
Once again, transportation stocks appear to be on the verge of a bullish breakout. Chart 1 shows Transportation Average iShares (IYT) on the verge of breaking through their April/September highs. Their relative strength ratio (top of chart) also appears to have bottomed. I recently showed buying in airlines and... READ MORE
The third quarter has come to an end. It ended on a high note with the S&P gaining 3.3% from the June 30 close to Friday's close. Interestingly, the S&P got to 2168 two weeks into the third quarter which is exactly where... 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
Hello Fellow ChartWatchers! Well, after 18 years of writing these newsletters - and doing webinars and hosting conferences and writing educational articles - I am reliquishing those duties to others so that I can focus (re-focus?) on my real passion - making the technology behind StockCharts.com really great. Last... READ MORE
Deutsche Bank dominated the news late in the week, but US banks have been largely unaffected and bullish flags are taking shape in two bank-related ETFs. The charts below show the Bank SPDR (KBE) and the Regional Bank SPDR (KRE) in long-term uptrends. Notice that the 50-day EMAs are above... READ MORE
Hopefully I won't be stepping on Greg Schnell's Canadian toes, but as I was going through charts from last Wednesday's webinar, I saw that $TSX just had a new LONG-TERM Price Momentum Oscillator (PMO) BUY Signal. These are incredibly infrequent; for the last twenty... READ MORE
In the glow of the great ChartCon event, I am simply at a loss for words. It was a festival of charts and technical analysis. Being in the company of these super talented (and legendary) technicians was an experience. I am sure this vibe was oozing out of your computer... READ MORE
Please refer to the charts of Charles Schwab (SCHW), PayPal (PYPL) and Morgan Stanley (MS/RA) that I presented to you in the Action Practice #2 blog I wrote on September 16, 2016. https://stockcharts.com/articles/journal/2016/09/charts-im-stalking-action-practice-2.html Just for fun , you might revisit Intersil Corp.... READ MORE
DEUTCHE BANK BOUNCE SUPPORTS BANK STOCKS... In a reversal from yesterday, financial stocks are leading a Friday bounce in global stock markets. And, like yesterday, European banks are a big reason why. Concerns about contagion from Deutche Bank weakened bank shares yesterday. The daily bars in Chart 1, however, show... READ MORE
* Could it be 1987 deja-vu all over again? * Why it’s not 1987 * Conclusion A savvy subscriber to my monthly Intermarket Review sent me a copy of Chart 1 yesterday. Whenever he forwards me a relationship in chart format, it is usually pointing out a different conclusion than that set... READ MORE
Are US Stocks Affected by European Financials? .... Five Broad Market Risk Ratios .... Small-caps are Killing It .... Junk Bonds Show No Fear .... A Selling Climax for Deutsche Bank? .... Friday Food for Thought .... //// .... Are US Stocks Affected by European Financials? The Deutsche Bank woes are dominating the news right now and markets... 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 latter... READ MORE
I loved ChartCon 2016 for many reasons, chief among them was education--the education of you and me. Our education is inevitable when you can network with or watch John Murphy, Martin Pring, Greg Morris, Arthur Hill...and so on! Greg Schnell is another "tech titan" who presented at... READ MORE
PROPOSED OPEC CUTS BOOST OIL AND ENERGY STOCKS... Yesterday's announcement of proposed production cuts by OPEC this November pushed the price of crude oil sharply higher along with energy shares. The daily bars in Chart 1 show WTIC Light Crude Oil (plotted through yesterday) trading above its 50-... READ MORE
Finance and Tech Power S&P 500 .... Broad Market Stalls .... QQQ and IWM Maintain Upward Drift .... XLI and XLB Bounce with Higher Lows .... XLE Holds Uptrend as XES Challenges Resistance .... Metals & Mining SPDR Extends Breakout .... Art's Charts ChartList Update .... //// .... Finance and Tech Power S&P... 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
McDonalds shareholders are certainly not "lovin it" right now because the stock is in a long-term downtrend and it is one of the worst performing stocks in the Dow Industrials. The chart below shows the 50-day SMA below the 200-day SMA and the stock below the 200-day SMA.... 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
The Relative Rotation Graph above shows the sector rotation for ten US sector ETFs. The new REITs sector ETF is not included yet due to a lack of historical data points. The immediate catch on the RRG above is the separation of XLK and XTL in the leading quadrant while... READ MORE
Year-to-date Performance for 3 Key Commodities .... Oil Remains Stuck in Downtrend .... Copper Consolidates with Downtrend .... Gold Stalls above Breakout Zone .... Charts to Watch - XLF, GOOGL, FDN and MSFT .... //// .... Year-to-date Performance for 3 Key Commodities The oil, gold and copper charts could give us some insight into Treasury yields, future... READ MORE
TRANSPORTATION ISHARES STILL LOOK POSITIVE... My market message from three weeks ago (Wednesday, September 7) showed Transportation iShares climbing to a five-month high. I took that as a sign that transportation stocks were on the verge of an upside breakout. A pullback in the transportation group since then has prevented... 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
Defining the Uptrends using Benchmark Lows .... Broad Market Breadth Review .... Watch the Stock-Bond Ratio for Clues on Risk Appetite .... %Above 200-day Triggers for Consumer Discretionary Sector .... Technology Sector Shows No Signs of Weakness .... Charts to Watch - XRT, ITB, XSD, KRE, XME, XES and IEF .... The Volatility Calendar .... //// .... Defining the... READ MORE
When I started in this business, most of my analysis was done with graph paper, colored pencils, and a very expensive red LED calculator (mid-1970s). I subscribed to Barron’s and on Sunday afternoon would sit at my desk (which looked a lot like a kitchen table) and calculated various... READ MORE
Rationale for the Special K At my Chartcon presentation, I outlined the characteristics and uses of my Special K indicator and introduced a new advanced scan for identifying trading signals. I’ll talk about that, as well as how you can set up such scans later, but first a rationale... READ MORE
Jonathan Wendel earned $454,544. He is very similar to us investors / traders in many ways despite being a professional video gamer. Academics have in fact identified the roles that gamers adopt — such as Explorers, Sentinels, Analysts and Campaigners. Not that dissimilar to the tribes academics assigned us investors. The... READ MORE
It's nice to see a heavy volume gap higher to break a downtrend. It can be a very strong signal that sentiment has changed on a particular stock or industry group. While renewable energy stocks ($DWCREE) remain technically-challenged, one of its components - Sunrun (RUN) - has certainly... READ MORE