There it is again! Stocks started the day weak as the S&P 500 dropped to the 2104 level in the first hour. After choppy trading most of the day, the index surged in the final hour and closed a whisker below 2110. Selling pressure remains muted and buying... READ MORE
It was bound to happen. Gold has been struggling with a correction that began when price failed to reach the August 2014 high. The intermediate-term DP Trend Model generated a SELL signal today when the 20-EMA crossed below the 50-EMA. Since the 50-EMA was below the 200-EMA, it created a... READ MORE
Bristol Myers (BMY) is making a bid to turn back up and bounce off support. On the price chart, the stock firmed above the December-January lows in February and moved to its highest level of the month today. The indicator window shows the MACD Histogram turning positive, which means MACD... READ MORE
Crude oil has been trying hard to make a bottom, but it may take a little more work to get it done. After hitting an important low in January, U.S. Oil Fund (USO) bounced and has been consolidating for nearly a month. The consolidation may hold, but as of... READ MORE
TRANSPORT ISHARES BREAKS CHANNEL LINE... Some transportation-related industry groups and stocks are at interesting junctures right now. First, the broader market is in an uptrend as the S&P 500 hit an all time high last week. Second, oil prices remain weak and this is beneficial to several transport-related... READ MORE
Even though the major index ETFs are short-term overbought, stocks continue to exhibit bullish price action overall. For example, the S&P 500 fell over 10 points and dipped below 2087 in the first thirty minutes on Friday, but quickly found its footing and advanced the rest of the... READ MORE
Hello Fellow ChartWatchers! The markets all moved higher this week with the Dow setting a new all-time high on Friday and the Nasdaq moving to within spitting distance of 5000. Since the start of 2015, the Nasdaq has been on a tear, gaining over 4.6%. Here's a... READ MORE
The monthly bars in the chart below shows the Nasdaq Composite ending the week just 177 points (3.5%) from its March 2000 intra-day high at 5132. [It's only 93 points (1.9%) from its 2000 closing high at 5048]. There's little doubt that it will... READ MORE
We've seen a very nice rally in U.S. equities during February, erasing all of January's losses with most of our major indices now breaking out to all-time highs. The NASDAQ has been leading the charge and that indicates that we're in a "... READ MORE
DOW JOINS REST OF THE MARKET IN NEW HIGHS. ... The chart picture for U.S. and global stocks brightened even further on Friday. [News that eurozone finance ministers offered Greece a four-month extension of its bailout package gave a late boost to global stocks]. All major U.S. stock hit... READ MORE
Chartists looking to filter small price movements and add a systematic touch to their analysis can turn to Point & Figure charts. Chart 1 shows a 60-minute P&F chart for the **S&P 500** and each box is five points. With a traditional 3-box reversal setting, this... READ MORE
On Friday's DecisionPoint Alert Report, the Utilities SPDR (XLU) went on a Neutral signal. It's sister, the equal-weight Rydex version (RYU) remains on a BUY signal. It appears that it will flip next week to a Neutral signal as well. We see that Intermediate-Term Trend Model... READ MORE
REST AFTER BIG SURGE... Link for today's video. After big gains the first two weeks of February, stocks took a breather this week and consolidated. A rest after a sharp advance is perfectly normal at this stage. Among the groups, the Energy SPDR (XLE) fell back along with... READ MORE
The title of this article might have you thinking it doesn't belong on StockCharts.com or anywhere in technical analysis. I disagree; I think every technician needs to understand this. If for no other reason than to offer ammunition for your defense of technical analysis. For the past... READ MORE
For over fifty years, Harvey Baraban has been an active stock market investor. For over twenty-five years, he has been my mentor, friend and trading buddy. Drawn together by a mutual shared passion for the markets, I am grateful to Harvey on many fronts, not the least being that he... READ MORE
The S&P 500 has been flat as a pancake the last three days, but the Nasdaq 100 and Russell 2000 continued higher. Note that the S&P 500 is up .02% this week, the Nasdaq 100 is up .63% and the Russell 2000 is up .39%. The... READ MORE
Yesterday, we had a BUY signal light up on our DP Alert Daily Report for XLE, the cap-weighted Energy SPDR and today, a BUY signal was also generated on RYE, the equal-weighted Energy ETF. These were the only two sectors that had been sitting on Neutral signals on the entire... READ MORE
EAFE ISHARES TURN UP ... Foreign stocks continue to show signs of strength. Chart 1 shows EAFE iShares (EFA) trading above its 200-day moving average after recently exceeding its late November peak. At the start of February, it also broke a declining resistance line drawn over June/September/November highs. That... READ MORE
* -NASDAQ Composite offers quality upside leadership. * -Watch the 5-year yield for a clue as to future rate movements. * -Gold starting to show bull market characteristics but can it confirm with some positive trend action? In last week’s article I drew your attention to the fact that the technical picture... READ MORE
Stocks started the day with some mild selling pressure, firmed during the day and then rallied in the final two hours. The rally, however, was not that strong and the major index ETFs closed mixed on the day. QQQ was up a fraction and DIA was down a fraction. The... READ MORE
Chartists can regularly check the Pre-defined Technical Alerts page for clues on market trends. Green alerts dominate the last three days and these green alerts come from the stock market. Just today, the Russell 2000 hit an all time high and the Nasdaq hit a 4-year high. Multi-year highs occur... READ MORE
The rotation of relative trends close to "home" over the past 3-4 weeks. HOME in this context is VBINX (Vanguard Balanced Index Fund) which represents a balanced investment portfolio holding approximately 60% in Equities and 40% in bonds. The Relative Rotation Graph below shows the relative trends for... READ MORE
Stocks opened strong, dipped in the afternoon and then finished strong. Once again, the price action during the day is bullish and buying pressure continues to assert itself. The major index ETFs closed with fractional gains. The sectors were mixed with small gains and losses. Consumer discretionary, utilities and consumer... READ MORE
The market hit all-time highs today in less than impressive fashion, but they are all-time highs nonetheless. The ultra-short-term rising bottoms line is still intact and hasn't been tested since its inception, but it appears it will be forced to tomorrow. The purpose of the DecisionPoint Daily Update... READ MORE
WEBINAR CHARTS AND LINK... Stocks are short-term overbought after big runs in February, but the breakouts are holding and these are bullish until proven otherwise. Today's Webinar will look at five stock indices, sector High-Low Percent, a short-term breadth indicator, the utilities sector, the long-term Treasury bond ETF,... READ MORE
I just completed two weeks of golf with my wife in Florida. Would anyone like to buy a set of golf clubs whose sweet spot is unused? I’m always trying to come up with new ideas for articles and don’t mind if I cross the line a little... READ MORE
Stocks continued higher last week with the S&P 500, Nasdaq 100 and Russell 2000 hitting new highs on Friday. Techs led the rally as xrt6QQQ gained 3.67% and XLK surged 3.77%. Utilities did not partake as Treasury yields rose again last week. The Home Construction iShares... READ MORE
I did one of my favorite scans today and it produced a little known company (among others) called Gentex Corp (GNTX). I actually had to look up what their business was about. Interestingly, they manufacture auto-dimming rearview mirrors. I wanted you to see this chart regardless of its obscurity because... READ MORE
SURGE AND FOLLOW THROUGH BODES WELL... The major stock indices surged off support levels last week and followed through with breakouts this week. Chart 1 shows five major index ETFs on one chart for easy reference. The top chart shows the S&P 1500 hitting new highs in November-December,... READ MORE
General George Patton once said, “A good plan implemented today is better than a perfect plan implemented tomorrow.” I just had a front row seat for the birth of a new investor, and the experience was not at all what I expected. Few births probably are. Before I lose you... READ MORE
Stocks put in another positive day with bullish price action. The S&P 500 opened strong with a surge above 2080 and then worked its way higher to close at 2088. Once again, we are seeing the ability to start strong and finish strong. Stock market strength was broad... READ MORE
I've been skeptical but cautiously optimistic that the market was forming a triple-bottom within the trading range it has been bounded by since the beginning of January. Today, the market broke out of its doldrums and made a significant breakout, though not yet "decisive" which would... READ MORE
Interactive Corp (IACI) has turned rather volatile this year with a choppy trading range between 59 and 64. The stock gapped down to range support last week, but immediately firmed and surged off support with good volume. IACI is now in the process of filling the gap and a break... READ MORE
DOW JONES GLOBAL INDEX HITS THREE-MONTH HIGH ... One of the major concerns in the new year has been fear that foreign markets would start to weigh on U.S. stocks. Although U.S. stocks have been the strongest in the world, they need some help from foreign markets. They'... READ MORE
It was a choppy day on Wall Street with QQQ edging higher and IWM edging lower. The sectors were mixed with techs and consumer staples producing small gains. Utilities took another hit as the Utilities SPDR (XLU) fell over 2%. Within the tech sector, the Networking iShares (IGN), Semiconductor SPDR... READ MORE
* The NYA starts to break down against the S&P again. * Emerging markets ETF triggers some short-term sell signals. * The EEM is resting above key long-term support. US Equities The market continues to frustrate both bull and bear alike as the major averages steadfastly refuse to break out from... READ MORE
The Relative Rotation Graph of the 30 Dow stocks shows nicely balanced rotations. All 30 names are more or less evenly spread around on the RRG chart. This is often seen on Relative Rotation Graphs holding a closed universe of securities without one or two mega-caps distorting the picture. I... READ MORE
Stocks put in another good performance on Tuesday. The S&P 500 opened strong and worked its way higher the rest of the day. As with last week, this is the kind of price action the bulls want to see. The consumer discretionary, healthcare and technology sectors led the... READ MORE
Today saw a breakout from the bullish descending wedge pattern that had formed over the past two trading days. In the last 20 minutes of the trading day, price hit overhead resistance at the 2/6 high and was turned back. ** Don't forget to sign up for tomorrow&... READ MORE
WEBINAR CHARTS AND COMMENTARY... The market remains a mixed up beast over the last few months, but the bigger trend is still up and the bulk of the evidence is still bullish. Choppy trading over the last few months just means we had a consolidation within an uptrend. Major topping... READ MORE