Trading in General Electric (GE) has slowed over the last two weeks and the Bollinger Bands have contracted to their narrowest since early July. The indicator window confirms this volatility contraction as BandWidth dipped below 3 again. Chartists should now prepare for a volatility expansion and a decisive break. Watch... READ MORE
Stocks were slightly higher on Tuesday with the Nasdaq 100 ETF (QQQ) leading the way (+.83%). The sectors were mixed with weakness coming from energy and utilities. Energy stocks were lower as oil hit another new low for the move. Utilities were lower because the 10-YR Treasury Yield ($UST10Y) closed... READ MORE
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* Equity market short-term momentum starting to roll over but not yet bearish. * Dollar Index fails to respond to overbought short-term condition, which is a sign of a primary bull market. * Gold experiencing very constructive sentiment but needs to confirm this with a break in the GLD above $130. (Click here... READ MORE
We all know that the dollar has been on a roll...but how much of a roll? Unfortunately, it is moving too high too quickly causing parabolic price rise visible on the charts for UUP. A parabolic "bubble" generally occurs after a consolidation or basing pattern followed by... READ MORE
The Networking iShares (IGN) is making a move over the last few weeks and the StockCharts Technical Rank (SCTR) surged above 50 this week. The chart shows IGN with a big triangle forming since March. A break above triangle resistance would signal a continuation of the prior advance, which was... READ MORE
DOLLAR RALLY IS VERY BROADBASED... The U.S. Dollar has become the strongest currency in the world. Although a lot of the attention has focused on the plunge in the Euro, the fact is that all major currencies are falling against the dollar, as shown in Chart 1. Two of... READ MORE
Stocks started the day weak and remained under selling pressure most of the day. Even though the overall declines were modest, price action was not positive and we could see more weakness. Also note that the Small-Cap Percent Above 50-day EMA (!GT50SML) broke down and triggered a bearish signal. In... READ MORE
UNG, the Natural Gas ETF, caught our attention in today's ETF Tracker Report because it had the largest percentage up change at +2.41%. A quick check of the chart shows it being in a trading range for over a month, and today's move was not... READ MORE
A MOMENT OF TRUTH FOR SMALL-CAPS... Link for today's video. Small-caps have been lagging large-caps for some time now, but the S&P SmallCap iShares (IJR) and the Russell 2000 iShares (IWM) have yet to break down and actually weigh on the stock market. Chart 1 shows... READ MORE
It was a mixed day on Wall Street. The Nasdaq 100 ETF (QQQ) edged higher, while the S&P 500 SPDR (SPY) and Russell 2000 iShares (IWM) edged lower. The gains and losses were fractional. The Energy SPDR (XLE) was high hard as Spot Light Crude ($WTIC) fell to... READ MORE
The chart below shows Spot Silver ($SILVER) consolidating after a sharp decline. Notice that the metal fell from 35 to 19 and then traded flat from June 2013 until now. With lower highs taking shape, a descending triangle has formed and this is a bearish continuation pattern. A break below... READ MORE
METALS & MININGS SPDR FAILS TO HOLD BREAKOUT... Link for today's video. Metals and mining stocks are getting hit hard on Monday. Gold, silver and platinum were down around 1% in afternoon trading. Elsewhere, iron-ore prices hit five year lows this month. Overall, gold is trading some $600... READ MORE
Stocks finished the week on a strong note with modest gains on Friday. Despite this strong finish, the major index ETFs have been in trading ranges the last two weeks. A trading range or consolidation within an uptrend is typically bullish and favors a continuation higher. The CandleGlance charts below... READ MORE
Hello Fellow ChartWatchers! The rally-that-just-won't-end continues. The S&P 500 is up over 8% for the year. It is up over 40% since the start of 2013. It is up over 58% since the start of 2012. Etc., etc., etc. And speaking of rallies, did you know... READ MORE
My Wednesday message showed the Dow Industrials and Transports testing their summer highs. The bars on top of Chart 7 show that the Dow Transports have hit new highs (led by rails and truckers). The Dow Industrials, however, are still testing their July peak. The Industrials need to hit a... READ MORE
Identifying a tradable gap can be quite profitable, but also frustrating at times. Awful news hits the wires and a stock gaps lower. The immediate question becomes "Should I sell at the open?" Well, conventional wisdom may suggest that you sell and your emotions may suggest it as... READ MORE
RUSSIAN RALLY HELPS EUROPEAN STOCKS... Expectations for a cease-fire in Ukraine gave a big boost to Russian stocks as well as European stocks closely tied to Russia. Chart 1 shows the Market Vectors Russia ETF (RSX) climbing 6% during the week to close just above its 200-day moving average average.... READ MORE
The S&P 1500 AD Line ($SUPADP) and the S&P 1500 AD Volume Line ($SUPUDP) hit new highs to confirm the overall uptrend. This is significant for two reasons. First, a bearish divergence is not possible. A bearish divergence forms when the indicators fail to confirm a... READ MORE
Central Gold Trust (GTU) is a closed-end mutual fund, which means that it trades like a stock on the NYSE. The fund owns only gold -- the metal, not stocks. Closed-end funds trade based upon the bid and ask, without regard to their net asset value (NAV). Because of this,... READ MORE
SPY CONTINUES TO LEAD AND TREND HIGHER... Link for today's video. Stocks stalled over the last two weeks, but the overall trends are up for the major index ETFs. Keep in mind that stocks were short-term overbought at the end of August because the S&P 500... READ MORE
One of the comments on my last article (daily data now available for RRG charts) mentioned using RRG charts in relation to monitoring different asset classes, which just happened to be the subject of this article that I was already working on when the comment came in. "Can RRG... READ MORE
I have two things in common with Richard Sherman, the Seattle Seahawks’ Super Bowl star. We both graduated from the same university and we both have two personalities. Sherman articulated that fact nicely the other day when he explained to the press corps that he has his game face for... READ MORE
And now for the employment report... There is nothing to do but wait for the market's reaction to non-farm payrolls on Friday morning. Given recent data, I would expect non-farm payrolls to meet or exceed expectations. On Thursday, the ISM Services Index hit 59.5, which is very... READ MORE
StockCharts users can find the market movers and shakers by checking the SCTR tables on our home page. Click the top up or top down tabs to see securities that show the biggest gains or losses in relative strength. As the table below shows, the StockCharts Technical Ranks (SCTR) for... READ MORE
Stocks started the month overbought and traded flat the last few days. The major index ETFs were again mixed on Wednesday with the Equal-Weight S&P 500 ETF (RSP) edging higher and the S&P 500 SPDR (SPY) edging lower. The sectors were mixed with five up and... READ MORE
* Short-term equity rally is still intact. * Dollar Index experiences major upside breakout. * Commodities experience a very favorable divergence but the DJP needs to break above $37 to confirm. US Equities Last week we talked about the fact that the S&P had broken out to new highs but that,... READ MORE
The DecisionPoint On Balance Volume (OBV) indicator suite that consists of three related indicators: Climactic Volume Indicator (CVI), Short-term Volume Oscillator (STVO), and Volume Trend Oscillator (VTO). All of these indicators are derived from the basic OBV calculation (To read more about On-Balance Volume click here). To construct the DecisionPoint... READ MORE
RUSSIAN STOCKS JUMP 5% ... News of a possible ceasefire in Ukraine has given a big boost to global stock markets. Nowhere is that more evident than in Russia. Chart 1 shows the Market Vectors Russia ETF (RSX) jumping more than 5%. The Russian ETF needs to clear its mid-August peak... READ MORE
The S&P 500 is up around over 4 percent the last four weeks, but Starbucks is underperforming and is barely positive over the same timeframe. In fact, SBUX is well below its July high and recently broke wedge support. The indicator window shows momentum deteriorating as MACD moves... READ MORE
It was a mixed day overall, but small-caps and regional banks showed some strength. DIA and SPY edged lower, while IWM and QQQ closely slightly higher. Five of the nine sectors were up with the Finance SPDR (XLF) leading the gainers. The Energy SPDR (XLE) got hammered as Spot Light... READ MORE
REGIONAL BANKS AND RUSSELL 2000 LEAD... Link for today's video. September trading has started with a bang for the Russell 2000 iShares (IWM) and the Regional Bank SPDR (KRE). I am mentioning these two in the same sentence because financial services accounts for 24.19% of IWM and... READ MORE
Stocks remain strong. Period. Even though IWM is underperforming SPY, it is trending higher the last four weeks and participating in the broad market advance. Note that QQQ continues to lead with a new high last week. SPY also hit a new high on Tuesday and Friday's close... READ MORE
DOLLAR INDEX REACHES 12-MONTH HIGH ... The U.S. dollar continues to strengthen. The daily bars in Chart 1 show the U.S. Dollar Index now trading at the highest level in a year. Its upturn started in May and was followed by upside breakouts during July and August. The fact... READ MORE
SPY AND QQQ STALL ABOVE THEIR JULY HIGHS... Link for today's video. Stocks took a breather this week as the S&P 500 SPDR (SPY) and the Nasdaq 100 ETF (QQQ) moved sideways after a strong open on Monday morning. Considering the negative geopolitical news this week,... READ MORE
Until now Relative Rotation Graphs on StockCharts.com could only be rendered using weekly data-streams... Not any more! The early adapters and users who check in on RRGs on a daily basis may have seen the new addition already. When you open up an RRG chart you will notice that... READ MORE
Just announced: Schwab, Fidelity and Ameritrade are offering all individual investors infinite commission-free trades! Now that I have your attention, let me tell you that in actual fact they aren’t doing any such thing, but as an investor, you should adopt that “free” mindset. The reality of today’s... READ MORE
Stocks stalled over the last few days, but the short-term uptrends have yet to reverse. In fact, the existing trends for TLT (up), UUP (up), USO (down) and GLD (down) also remain unchanged. SPY is up around 5% since August 7th. This is a very steep advance and the ETF... READ MORE
TALE OF TWO INDUSTRY GROUPS TODAY... Health Care continues to be a leading sector. Within healthcare, the Biotechnology sector is a rapidly changing field with huge medical advancements being made. There are currently 6 SCTR ranked large cap stocks that have really strong SCTR rankings and strong weekly charts in... READ MORE
The German DAX Index ($DAX) is at an interesting juncture because it broke down in July and then retraced 62% of the prior decline with a bounce in August. Notice that broken support turns into resistance in the 9600 area as well. The index stalled on Wednesday and was trading... READ MORE