Two stocks associated with the Golden State Warriors are showing promise as Step Curry leads his team to a 3-2 lead in the series. The Warriors play in the Oracle Arena and Oracle (ORCL) is making waves with an ascending triangle. Admittedly, the pattern is a little long and the... READ MORE
THREE GAPS DOMINATE THE SHORT-TERM TREND FOR SPY... It is currently a tale of two markets. The S&P 500 SPDR (SPY) has been trending lower since late May, but the Russell 2000 iShares (IWM) has been trending higher over this same timeframe. The broader market is likely to... READ MORE
Stocks moved up at the beginning of the week and down towards the end of the week. The end result was mixed for the major index ETFs as QQQ fell around .50% and IWM gained .42%. The sectors were mixed with finance showing strength and energy showing weakness. Strength in... READ MORE
The outlook for gold depends primarily on the outlook for the U.S. dollar, so let's look at the chart of the dollar ETF. After declining for about two months from the March top, UUP rallied in May, but topped before it could reach the declining tops line.... READ MORE
The Relative Rotation Graph of US sectors (10 ETFs) is showing some interesting sector rotation going on at the moment. Initial observations Glancing over the RRG above continues to show Energy (XLE) and Utilities (XLU) "standing out", as in "far away from the mean", like they... READ MORE
Francis Bacon said; “As in nature things move violently to their place and calmly in their place…”. It seems that Mr. Bacon understood the stock market very well. Stocks tend to move calmly, gently, listlessly in their trading ranges and then they move violently into trends. A tipping point between... READ MORE
There hasn't been much positive news to tweet about at Twitter (TWTR) lately. In the midst of its downward spiral in price action, CEO Dick Costolo announced he would be resigning from TWTR and TWTR's co-founder and Chairman Jack Dorsey would take over. The problem here... READ MORE
* - Special K for the NYSE Composite breaks support * - Emerging markets getting oversold * - Commodities are about to resolve their recent trading range A Chinese leading Indicator? It’s a well-known fact that the Chinese market has been the hottest on earth in recent months. What’s not so... READ MORE
A PERSISTENT AND BORING UPTREND... Link for today's video. The stock market, as measured by the S&P 500, remains in a boring uptrend. Better a boring uptrend than a boring downtrend. As noted in Tuesday's webinar, the 5-day Rate-of-Change has been between +3.5%... READ MORE
I love technical analysis. I spent two decades in public accounting, was a prinicipal in a large regional CPA firm in the Washington DC metropolitan area and audited companies in several industries, including banks. But as I say over and over again, you can have the financial statements and review... READ MORE
Almost without exception, institutional money managers use Exchange Traded Funds (ETFs). My own trading routines call for reviewing the top 100 ETFs daily. This is a process that I encourage you to include in your own routines. Here’s how and why. I maintain a personal ChartList of the top... READ MORE
Stocks were flat on Thursday as the market digested Wednesday's big gain. The major index ETFs closed slightly higher with IWM gaining .25% and MDY leading with a .60% advance. The sectors were mixed with modest gains in industrials, materials and healthcare. Energy weakened as the USO Oil... READ MORE
Yesterday during the DecisionPoint LIVE! webinar (link here), I demonstrated how to 'pick' stocks the DecisionPoint way using the Scanning Workbench available to Extra, ExtraRT and Pro members. I've created quite a few different scans that take advantage of the DecisionPoint Price Momentum Oscillator (PMO) and... READ MORE
Mobileye (MBLY) is one of the companies behind the car crash avoidance technology. MBLY broke its downtrend line in early March on surging volume and has been trending higher ever since. Volume trends remain very strong and today's breakout is occurring on excellent volume as it clears double... READ MORE
Stocks surged with the major index ETFs opening strong and finishing strong. We did not see a pop and drop, and this is positive. The gains were relatively even with IWM gaining 1.25%, QQQ advancing 1.37% and SPY surging 1.20%. All sectors were up with technology and... READ MORE
STOCKS BOUNCE SHARPLY OFF CHART SUPPORT... Reports of a compromise between the Germans and Greeks to prevent a default later this month appears to be contributing to a strong global stock rally. European stocks are up 2% on average. U.S. stocks are having a strong day of their own.... READ MORE
Eight of the nine sector SPDRs are down month-to-date and the S&P 500 SPDR (SPY) is also down (as of the 9-June close). One sector, however, is bucking the trend with a small gain. The Finance SPDR (XLF) is up around a half percent and easily outperforming the... READ MORE
Trading was rather quiet on Tuesday as the S&P 500 dipped in early trading, rebounded into positive territory by noon and then traded flat. The major index ETFs finished flat with fractional losses in IWM (-.30%) and SPY (-.01%). The sectors were mixed with small gains... READ MORE
A subscriber recently wrote to me questioning why I had written and changed the signal on the $SPX Scoreboard to neutral yesterday, but it wasn't on the most recent DecisionPoint Market/Sector Summary. This is because DecisionPoint timing signals that are tracked by the professional publication, Timer Digest,... READ MORE
WEBINAR RECORDING AND TIMELINE... The charts and commentary below come from the webinar recording. Note that not all webinar charts are included. Overall, the market remains boring on the outside and mixed up on the inside. The S&P 500 is flat for the year, but some key sectors... READ MORE
The ten year treasury yield has surged from 1.65% to 2.40% since February 1st so it should be no surprise that the Dow Jones U.S. Bank Index ($DJUSBK) has risen more than 14% during that same span. From a sector perspective, the consumer discretionary (XLY) space is... READ MORE
Stocks opened weak and remained weak as the S&P 500 extended its two week slide. This slide started with the gap down on Tuesday, May 26th, the day after Memorial Day. Tech stocks led the way lower as QQQ lost around 1%. Small-caps held up relatively well as... READ MORE
* -World Bond Index completes a major top. * -US short-term bonds on the verge of a breakout. * -Stocks now being threatened by rising rates. World Bond Index Global bond markets have really been taking it on the chin recently without that usual push they get from rising commodity prices. Monetary policy... READ MORE
Chartists looking for the "relative strength" movers and shakers of the day can focus on the stocks and ETFs with the biggest changes in their StockCharts Technical Rank (SCTR). Small tables can be found in the bottom half of the home page and full listings can be found... READ MORE
USO AND THE LONG-TERM TRACKING ERROR ... Oil surged at the end of May, but fell back last week and remains in a short-term downtrend. For a different perspective, I am going to analyze the August futures contracts for Light Crude and Brent Crude. The USO Oil Fund (USO) and US... READ MORE
Stocks were mixed most of the week and the major index ETFs finished mixed. The S&P 500 SPDR (SPY) and Nasdaq 100 ETF (QQQ) edged lower, while the Russell 2000 iShares (IWM), S&P MidCap SPDR (MDY) and S&P SmallCap iShares (IJR) closed modestly higher... READ MORE
Accumulation, Markup, Distribution and Markdown are the four basic stages of the Wyckoff Cycle. Prior posts have been focused on the primary phases of Accumulation. There is still more to do, but let’s take a break and explore the current market circumstances, which are very interesting. Consider this an... READ MORE
Money is rotating towards financial stocks as the market prepares for what appears will be Fed tightening later in 2015 into 2016. Higher yields on treasuries and a steepening yield curve generally increase net interest margin, the key metric in bank earnings. So traders are using this fundamental development to... READ MORE
In the late-1990s I developed the ETF Top 5 Index (!SPWTOP5), which tracked the top five ranked ETFs (by PMO value) from our Tracker list of 100 ETFs. My original intention was to exploit the upward momentum of the ETFs with the highest PMO readings, presumably the strongest in the... READ MORE
Hello Fellow ChartWatchers! The markets continue to lose momentum and carve out toppish type patterns on the main index charts. We, on the other hand, continue to crank out webinars with great commentary and content for chartists like yourself. Have you seen any of our recent ones? No? Good news!... READ MORE
If you haven't checked out the new DP Scoreboard in the DP Chart Gallery, I highly recommend you click over there soon. In fact, here is an article I wrote about the Scoreboard and how the signals are determined right here. For those of you who are very... READ MORE
A solid labor market had bond traders heading for the exits on Friday and that extended the recent surge in treasury yields. The 10 year treasury yield ($TNX) closed at its highest level since early October and that has many traders heading for the financial sector. While the financial ETF... READ MORE
U.S. stocks lost ground during the week, but not enough to do any serious chart damage. Chart 1 shows the Dow Industrials falling to the lowest level in a month and sliding below its 50-day moving average (in rising volume). But the Dow has yet to break a rising... READ MORE
It seems like an easy enough concept to grasp. If a company has strong fundamentals (earnings) plus a strong chart (technicals) it should make a stock a strong reward to risk trading candidate. It turns out it does. As part of Invested Central we provide a service that zeroes in... READ MORE
DOW AND S&P 500 SLIP WHILE NASDAQ HOLDS FIRM... U.S. stocks lost ground during the week, but not enough to do any serious chart damage. Chart 1 shows the Dow Industrials falling to the lowest level in a month and sliding below its 50-day moving average (in... READ MORE
There have been four big surges in the 10-year Treasury Yield since the bull market for the S&P 500 began in 2009. These big moves certainly sent shock waves through the bond market, but the stock market was not rattled because the S&P 500 produced double... READ MORE
On the Relative Rotation Graph holding a number of Asset Class ETFs in comparison to the Vanguard Balanced Index fund, the opposite moves of commodities and REITs continue to attract attention. Initial observations The opposite moves in Commodities (DJP), heading higher on the JdK RS-Ratio axis at positive relative momentum,... READ MORE
MACD HOLDS BULLISH FOR IWM... Link for today's video. Chart 1 shows the Russell 2000 iShares (IWM) exceeding the late May high this week and keeping the uptrend alive. Even though IWM has yet to exceed its April highs, the chart is more bullish than bearish right now.... READ MORE
Okay, I'm being a bit dramatic with this title because I'm not ready to throw the towel in on this bull market. But there are clearly warning signs technically that the next bout of rotation in the stock market could negatively affect the healthcare sector. As... READ MORE
This popular blog was first published over three years ago. I thought that a timely update was called for. You’ll see that the Equity Chartstyle has been significantly revised and I have aded a Mutual Fund Chartstyle as well. I spent a couple of hours this past Saturday at... READ MORE