The Relative Rotation Graph for US sectors is once again showing us some interesting rotational patterns at the moment. Clearly XLE is showing us a very long tail moving from improving back to lagging again. Then there are XLU, XLV and XLB also showing long tails but sending different messages.... READ MORE
2015 has been about as mixed as a market can get. This split market can be seen by looking at two versions of the S&P 500. The Large-cap S&P 500 SPDR (SPY) is up around 2.5% over the past year and the Equal-weight S&... READ MORE
SMALLER STOCKS STILL LAG BEHIND LARGE CAPS... A yearend stock rebound has boosted major stock indexes. Chart 1 shows the S&P 500 touching a three-week high yesterday. It still, however, remains below a falling resistance line drawn over its November/December highs, and is trying to stay above... READ MORE
NOTE: I will be out tomorrow so I won't provide my next article until Monday, January 4th. HAPPY NEW YEAR! I'm wishing everyone health and happiness in 2016.....and of course great trading results! Do me a favor. At the bottom of this article, click on... READ MORE
Monthly Trend Indicators for S&P 500 // Key Levels to Watch in 2016 ($NDX, $SPX, $MID, $SML) // The 10-yr Yield Targets 3% // Euro Eyes Parity // Gold Aims for 1000 // Webinar Topics, ETFs and Stocks //// Today's commentary and webinar will use long-term charts to extrapolate some trends that... READ MORE
Market Recap for Monday, December 28, 2015 On Monday, energy (XLE) did what it's done best in 2015 - it led the nine sectors to the downside by falling 1.82%, much more than the S&P 500's .22% decline. Materials (XLB), another 2015 laggard,... READ MORE
This is just a short update for the Nasdaq 100 ETF (QQQ) and the S&P 500 SPDR (SPY). I will post a 2016 preview later today using monthly charts to extrapolate some bigger trends at work. The daily and weekly trend indicators are bullish for both SPY and... READ MORE
The Finance SPDR (XLF) and big banks led the market surge from late September to early November, but turned into laggards over the last seven weeks. JP Morgan Chase (JPM) personifies big bank performance with a breakout around 64 and a seven-week pullback that is testing this breakout zone. This... READ MORE
Market Recap for Thursday, December 24, 2015 Thursday was a shortened trading session before the Christmas holiday and there was little movement in our major indices and on little volume. Eight of nine sectors moved lower on Thursday, although energy (XLE) was the only space to see much selling. Oil... READ MORE
The preliminary S&P 500 Index third quarter earnings results are in, and once again we get to look at one of my favorite charts, which shows the S&P 500 in relation to its normal value range. (Note: The chart is a static graphic, not an active... READ MORE
“A disciplined mind leads to happiness and an undisciplined mind leads to suffering.” --Dalai Lama XIV, The Act of Happiness Investors don’t always have the discipline to act like a Nike ‘Just do it’ advertisement. I recently had a trading buddy of mine lament about his struggles to stay... READ MORE
The Dow Jones U.S. Toys Index ($DJUSTY) is ending the year just about the same way it began - on a very bullish note. Recently, the DJUSTY completed a bullish ascending triangle pattern in August and September before breaking out in October. Since that time, the DJUSTY has printed... READ MORE
Market Recap for December 23, 2015 All nine sectors finished higher on Wednesday, led by energy (XLE) which gained a very impressive 4.35%. Materials (XLB) also showed outsized gains of 2.36%. Aggressive sectors like technology (XLK) and consumer discretionary (XLY) rose but underperformed. This rally has been marked... READ MORE
The Relative Rotation Graph with the Dow Jones Industrials stocks once again shows some interesting moves. There are a few long tails that catch my attention for a quick inspection but in this article, I want to pay a closer look at some stocks with remarkably short tails. One of... READ MORE
Alcoa is showing early signs of relative strength and momentum is improving as the Commodity Channel Index (CCI) breaks into positive territory for the first time since February. 2015 was clearly a rough year as the stock fell over 35% from January to August. The overall trend is down, but... READ MORE
Market Recap for Tuesday, December 22, 2015 Tuesday's action was bullish on a few fronts. First, it was a trend day where we saw buying throughout. The last time that happened was December 4th, nearly three weeks ago. Second, the rally was led by industrials (XLI) which gained... READ MORE
* Home builders, KBW banks, consumer cyclicals and resources look vulnerable * REIT's, utilities, and healthcare look promising This week I am going to back off from the usual market commentary in order to focus on some industry groups and sectors that have the potential to lead the market higher... READ MORE
Was it that Bad last Week? // E-mini Continues Battle with 2K // QQQ Holds above Support Zone // Five Reasons for Relative Strength in QQQ // Healthcare Still Holding Up // Biotech iShares Holds Gap // Five Strong Biotechs and One at Support // Best Wishes.... //// Was it that Bad last Week? I will post a... READ MORE
Market Recap for Monday, December 21, 2015 Nothing in this market can seem to make up its mind. The Volatility Index ($VIX) is straddling a key 20 level, not allowing sentiment to move favorably in either the bulls or bears favor. The German DAX is straddling key short-term support/resistance... READ MORE
Market Recap for Friday, December 18, 2015 Friday's action was marked by short-term price breakdowns in a few of our major indices, sectors and industry groups. It also was accompanied by extremely heavy "quad-witching" volume. Quad-witching refers to the 3rd Friday of March, June, September and... READ MORE
Stocks were hit hard on Thursday and Friday with most closing down sharply. There were a few gainers amongst the carnage and chartists can use the MarketCarpet to find such stocks. First, note that the S&P 500 was down 3.26% on Thursday-Friday and down .34% for the... READ MORE
Hello Fellow ChartWatchers! Welcome back to reality - just in time for Christmas! Reality is a place where interest rates are not stuck at zero. It's a place where the yield curve actually moves from time-to-time. It's a place we all know that we need to... READ MORE
Last Saturday's message showed that Treasury bonds have been doing better than stocks since the summer. That's still the case. This chart below shows a ratio of the the long-dated Treasury ETF (TLT) divided by the S&P 500 SPDRs (SPY). The rising ratio shows... READ MORE
Last month, Ctrip.com (CTRP) posted both revenues and EPS well above Wall Street consensus estimates and it came on the heels of an earlier announcement where CTRP was involved in a share swap that resulted in Baidu (BIDU) owning a 25% ownership interest in the Chinese online travel company.... READ MORE
With Apple (AAPL) down about -20% from this the all-time high, I am hearing with some frequency on the cable financial shows the question of whether it is time to buy or hold AAPL. As of Friday's close my answer is a resounding no. Technically speaking, the 20EMA... READ MORE
I'm not ready to write off this bull market as the most important indication of all - the combination of price/volume - remains bullish in my view. But the signals "under the surface" are beginning to erode. One of two things will likely happen. Either... READ MORE
The S&P 500 Equal-Weight Index ($SPXEW) continues to underperform the market-cap weighted S&P 500 and its downtrend resumed with a break down in mid November. On the price chart, the index broke below its mid November low with a long black candlestick, made an attempt to... READ MORE
In the late-1990s Carl developed the Blue Chip Top 10 Index (!TOP152), which tracked the top ten ranked stocks (by PMO value) from our Blue Chip list of 152 stocks that DecisionPoint covers in its reports in the DecisionPoint Reports blog. The Top 10 Index is calculated daily based upon... READ MORE
S&P 500 equal-weight Holds Break // Nifty 50 Versus the Rest // Major Indices are Net Bearish // Sector Balance Favors the Bears // Finance Weakens after Lower High // Healthcare Holds Up after Lower High // Treasuries Hold Support and Uptrend // Dollar Holds its Breakout // Gold Stalls within Downtrend // Oil Hits Another New... READ MORE
Recently, I had a very personal conversation with my fellow trader, Harvey Baraban. I asked him what he did to “warm-up” before making a trade. I already knew that we both had specific warm-up routines. His response was essentially this: “I’ll tell you my routine if you tell me... READ MORE
MAJOR STOCK INDEXES UNDER HEAVY SELLING... Stocks have come under renewed selling pressure following Wednesday's Fed inspired bounce. And it looks like they're going to end the week on the downside. Chart 1 shows the Dow Industrials down nearly 200 points in late morning trading. It&... READ MORE
Market Recap for Thursday, December 17, 2015 Traders seemed overjoyed to finally put the uncertainty of higher interest rates behind them on Wednesday....only to find new worries on Thursday. After attempting to rally the past few days, crude oil ($WTIC) fell again on Thursday to close near 36.00... READ MORE
Monday we saw a perfect storm come together for a short-term bounce. The S&P 500 was short-term oversold after a sharp decline, the index was near support from the mid November low and the seasonal patterns turned bullish on the 10th trading day of December. These items were... READ MORE
On Monday of this week, the top four stories in the upper left hand column on DrudgeReport.com were about the weakness in oil prices. This may have been a bell ringer of an indicator. Some consider Drudge to have his finger on the pulse of the news, and in... READ MORE
The Nasdaq 100 has been a superstar since the August low; price even managed to reach new all-time intraday highs. The saying goes the bigger they are, the harder they fall. Well, let's review the price chart and indicators specifically for the NDX. You can find these in... READ MORE
* Two bar reversal brings the effect of the rate hike back to reality * Broadly based dollar ETF breaks to new highs * Gold closes at a new low on expanding volume Earlier in the week I pointed out that many of the market averages had formed exhaustion days on Monday and... READ MORE
Apple (AAPL) is breaking down beneath its November low and on the surface appears to be a broken stock, but its intraday 60 minute chart is telling a much different story. Given the slowing volume this afternoon and near test of Wednesday's pre-Fed low, AAPL's turn... READ MORE
Market Recap for Wednesday, December 16, 2015 First, the good news. The Federal Reserve raised interest rates in the U.S. for the first time in nine years, signaling their belief that economic strength lies ahead with an improving labor market. The quarter point hike really will do little to... READ MORE
Introduction and Overview // Important Instructions and Installation // Focus, Diversity and Passivity // ETF Sponsors // ETF Groupings and Numbering // ChartList Viewing Options (Summary, Candles, Carpets) // ChartStyles and Indicators // Final Thoughts and Installation Link // Introduction and Overview The ETF Master ChartPack contains over 300 ETFs sorted in a logical framework to enhance the... READ MORE
December got off to a rough start for the broader market, but several big biotechs bucked the selling pressure and moved higher. The Perfchart below shows December performance for SPY and the nine biggest biotechs in the Biotech iShares (IBB). SPY is down a fraction over this period and this... READ MORE